Risk of fluctuations in raw material prices, including iron powder

「We worked to adjust selling prices in response to higher costs, including soaring raw-material and energy prices and higher labor costs, and to optimize selling prices for unprofitable products.」

「On the earnings front, we worked to adjust selling prices in response to higher costs, including soaring raw-material and energy prices and higher labor costs, and to optimize selling prices for unprofitable products. In addition, selling prices were adjusted to reflect changes in raw-material unit prices in prior years.」

「On the earnings front, we worked to adjust selling prices in response to higher costs, including soaring raw-material and energy prices and higher labor costs, and to optimize selling prices for unprofitable products. In addition, selling prices were adjusted to reflect changes in raw-material unit prices in prior years.」

「In terms of profit, the company pursued selling-price revisions and price optimisation in response to cost increases such as higher raw material and energy prices and labour costs. In addition, the reflection in selling prices of changes in raw material unit prices in prior fiscal years contributed to higher sales and profit.」

「In terms of profit, the company absorbed the impact of higher fixed costs, including pre-operating expenses for the second site in Thailand in line with its medium-term strategy and DX investments, through progress in adjusting selling prices for surging raw material and energy prices, improving the earnings structure mainly in Japan, and reducing losses in the United States, resulting in higher profit.」

「Sales and profit increased as adjustments to selling prices reflecting the impact of surging raw material and energy prices since the previous fiscal year progressed, while improvements to the earnings structure in Japan and loss reduction in the United States also advanced.」

「Although the impact of semiconductor shortages remained in part, and adjustments to selling prices for lower workloads at the Chinese subsidiaries and surging raw material and energy prices were delayed until the second quarter or later, the shortage of semiconductors showed signs of easing compared with the same quarter of the previous year. Improvement initiatives, including workforce reductions, also progressed, resulting in higher sales and profit.」

「The Group pursued measures including passing surging raw material and energy prices through to selling prices. Although profit declined substantially for the full year, it secured a profit in the fourth quarter.」

「In addition to adjusting operations by setting non-operating days, promoting workforce reductions and resolving production issues, the Group worked to reflect surging raw material and energy prices in selling prices, but profit declined substantially because it could not fully absorb their impact and other factors.」

「The Group adjusted operations by setting non-operating days and promoted workforce reductions and the resolution of production issues, but profit declined substantially because it could not fully absorb the impact of surging raw material and energy prices and other factors.」

「Profit declined substantially because the impact of surging raw material and energy prices and other factors could not be fully absorbed.」

「The Group is promoting efforts to reduce raw material consumption by improving product yield, developing and proposing materials that do not require cobalt additives, given cobalt’s substantial market-price fluctuations and high risk of human rights violations in resource-rich countries, and conducting mineral procurement activities that take into account the impact of social issues such as human rights and the environment, thereby working to reduce risk.」

「Although sales declined in the third quarter and there were production losses due to staff shortages at the US subsidiary and surging raw material prices, among other factors」

「In addition, unforeseen accidents at suppliers, political and economic conditions in resource-rich countries, or human rights violations in labour management could result in shortages of raw materials and components or damage to the Group’s corporate image. In such cases, production delays could increase costs, while the share price could decline and investors could withdraw their investments.」

「The Group is promoting efforts to reduce raw material consumption by improving product yield, as well as developing materials that do not require cobalt additives, given cobalt’s substantial market-price fluctuations and environmental impact.」

「The Group uses metal powders such as iron powder as raw materials for powder metallurgy products. If the prices of these raw materials surge and it becomes difficult to reflect the increase in product prices, this could affect the Group’s operating performance. In addition, shortages of raw materials and components could arise due to unforeseen accidents at suppliers or political and economic conditions in resource-rich countries.」

「Although new products launched in the United States in the previous fiscal year made a significant contribution to sales growth in the automotive components business, profit was pressured by surging raw material prices, launch costs for new products in Japan, and production losses caused by difficulties recruiting workers at the US subsidiary.」

「Under these circumstances, the Group established a second US plant and began full-scale mass production last August of new Toyota TNGA products, automatic transmission components, and other products. However, higher production preparation costs and the worldwide rise in raw material prices are weighing on profits.」

「Under these circumstances, the Group established a second US plant and began full-scale mass production in August this year of new Toyota TNGA products, automatic transmission components, and other products. However, higher production preparation costs and the worldwide rise in raw material prices are weighing on profits.」

「Profit from automotive components declined due to higher costs for production preparations in the United States and rising raw material prices, among other factors.」

「The Group uses metal powders such as iron powder as raw materials for powder metallurgy products. If the prices of these raw materials surge and it becomes difficult to reflect the increase in product prices, this could affect the Group’s operating performance.」