Impact of surging steel prices on earnings and financial condition
First written in FY2018. 10 of 16 entries say "Restated". Latest entry: FY2024-Q2.
Yamazaki moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2021: 26 of 52 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2024-Q2MaterialisedAnnual report
「Against a backdrop of supply chain disruptions stemming from the global spread of COVID-19 and other factors, external factors such as changes in customers' operating and investment schedules affected the group's primarily project-based operations in the machine tool business. This resulted in delays in finalizing orders, delivery delays caused by semiconductor shortages and lower production capacity utilization, leading to higher cost ratios due to order losses and other factors.」
Supply risks in the supply chain, including semiconductor shortages, continued to emerge in actual results as delivery delays, lower production capacity utilization, order losses and higher cost ratios. - FY2024-Q1MaterialisedAnnual report
「Against a backdrop of supply chain disruptions stemming from the global spread of COVID-19 and other factors, external factors such as changes in customers' operating and investment schedules affected the group's primarily project-based operations in the machine tool business. This resulted in delays in finalizing orders, delivery delays caused by semiconductor shortages and lower production capacity utilization, leading to higher cost ratios due to order losses and other factors.」
The issues disclosed as supply risks for steel, semiconductors and other materials actually emerged in the current quarter as delivery delays caused by semiconductor shortages, lower production capacity utilization, order losses and higher cost ratios. - FY2023MaterialisedAnnual report
「In the core machine tool business, operating loss amounted to ¥228 million, compared with an operating loss of ¥239 million in the same period of the previous year, as a result of delivery delays caused by the semiconductor shortage, increased internal labor requirements arising from those delays, and the acceptance of orders for which profitability was difficult to anticipate in order to maintain capacity utilization.」
The semiconductor shortage disclosed as a steel and semiconductor supply risk actually emerged in the full-year results as delivery delays, increased internal labor requirements and orders with difficult profitability. - FY2023-Q3MaterialisedAnnual report
「In the machine tools business, sales were sluggish and costs increased due to arrangements for substitute products, resulting in revenue of ¥785 million, down 17.3% year on year, and an operating loss of ¥205 million, compared with an operating loss of ¥162 million in the same period of the previous year.」
The semiconductor shortage disclosed as a raw material and component supply risk actually emerged in the machine tool business's results as higher costs from arranging substitute products. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no material changes in the occurrence of major risks among the matters concerning the business and accounting conditions described in the quarterly report that management recognized as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was stated that there were no material changes to the risks related to the prices and supply of raw materials and components, including steel and semiconductors. - FY2023-Q1RestatedAnnual report
「During the first three months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was stated that there were no material changes to the risks related to the prices and supply of raw materials and components, including steel and semiconductors. - FY2022WorsenedAnnual report
「Because the products of our group use steel and semiconductors, higher raw material prices and semiconductor shortages may affect the financial position, operating results and cash flows of our group.」
The scope of the risk related to the supply of raw materials and components was expanded by adding semiconductor shortages to the existing risk of surging steel prices. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the treatment of the risk of earnings and financial impacts from surging steel prices. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to the business and other risks, and the treatment of the risk of earnings and financial impacts from surging steel prices was maintained. - FY2021-Q1RestatedAnnual report
「During the cumulative consolidated period of the first quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of financial and operating impacts from surging steel prices was maintained. - FY2020RestatedAnnual report
「Because the products of our group use steel, higher raw material prices may affect the financial position, operating results and cash flows of our group.」
The risk of impacts on the financial position, operating results and cash flows from surging steel prices continued to be disclosed. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of earnings and financial impacts from surging steel prices was maintained. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no material changes in unusual fluctuations in the financial position, operating results or cash flows, or in the "Business and Other Risks" described in the securities report for the previous fiscal year. No significant events or other matters were present.」
It was explicitly stated that there were no material changes to the business and other risks, and the treatment of the risk of earnings and financial impacts from surging steel prices was maintained. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no material changes in the financial position, operating results, or cash flow situation, including any abnormal fluctuations, or in the business and other risks described in the annual securities report for the previous fiscal year. There were also no material events or other matters of concern.」
It was explicitly stated that there were no material changes to the business and other risks disclosed in the previous fiscal year, and the treatment of the risk of earnings and financial impacts from surging steel prices was maintained. - FY2019RestatedAnnual report
「Because the products of our group use steel, higher raw material prices may affect the financial position, operating results and other aspects of our group.」
The risk of higher raw material prices associated with the use of steel continued to be disclosed. - FY2018First statedAnnual report
「Because the products of our group use steel, higher raw material prices may affect the financial position, operating results and other aspects of our group.」
The risk of higher raw material prices associated with the use of steel was newly disclosed.