Risks related to steel and component prices, foreign exchange and procurement stability
First written in FY2022. 10 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 27 of 53 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Petroleum-based materials, such as paint, are affected by the situation in the Middle East. Because some materials are procured overseas in foreign currencies, if the market prices of these raw materials rise, foreign exchange rates fluctuate or stable procurement becomes difficult due to international conditions or other factors, our manufacturing costs will increase, potentially affecting our financial condition and operating results.」
The Company continues to disclose risks related to materials prices, foreign exchange, procurement costs and stable procurement, and specifies the impact of the situation in the Middle East on petroleum-based materials. - 2026-05-11RestatedEarnings
「米国の政策動向、中東情勢の緊迫化等による価格高騰から、建築計画の先送り、コスト負担の増加の可能性が考慮されますが」
価格高騰による建築計画の先送りやコスト負担増加の可能性を引き続き示している。 - FY2026-H1RestatedAnnual report
「In terms of costs and operations, in preparation for rising domestic material prices, we are reviewing sources of material procurement, including overseas sources, and controlling costs through in-house production. We are also continuing to expand installation and maintenance capacity by increasing personnel.」
Higher domestic materials prices continue to be identified as a management concern, and the Company continues to respond by reviewing suppliers, including overseas sources, and pursuing in-house production. - FY2025-H1RestatedAnnual report
「In response to persistently high material prices and rising prices for imported materials due to the weaker yen, we are switching to domestic procurement and controlling costs through in-house production, while also working to further expand production and installation capacity.」
Higher imported-materials prices due to materials costs and foreign exchange remain risks in the operating environment, and the Company continues to implement measures such as domestic procurement and in-house production. - FY2024RestatedAnnual report
「If the market prices of these raw materials rise, foreign exchange rates fluctuate or stable procurement becomes difficult, our manufacturing costs will increase, potentially affecting our financial condition and operating results.」
The Company continues to disclose risks related to steel and other materials prices, foreign exchange and stable procurement, and is addressing them through passing higher costs through to prices, multiple suppliers and cost reductions. - FY2024-Q3RestatedAnnual report
「In response to persistently high materials prices and higher imported-materials prices due to yen depreciation, we proceeded with switching some materials procurement to domestic suppliers and controlling costs through in-house production. We also worked to expand production and installation capacity, including by commencing operations at the Torihama Product Management Center in August 2023.」
Persistently high materials prices and higher imported-materials prices due to yen depreciation remain risks in the operating environment, and the Company continues to implement measures such as domestic procurement and in-house production. - FY2024-Q2RestatedAnnual report
「In response to persistently high materials prices and higher imported-materials prices due to yen depreciation, we are proceeding with switching some materials procurement to domestic suppliers, controlling costs through in-house production and reviewing selling prices for new orders.」
Persistently high materials prices and higher imported-materials prices due to yen depreciation remain risks in the operating environment, and the Company continues to implement response measures. The risk factors themselves have materialized, but no additional deterioration is indicated in the current quarter's disclosure. - FY2024-Q1RestatedAnnual report
「In response to persistently high prices for materials, including steel, and higher imported-materials prices due to yen depreciation, we are proceeding with switching some materials procurement to domestic suppliers, controlling costs through in-house production and reviewing selling prices for new orders.」
Persistently high materials prices and higher imported-materials prices due to yen depreciation remain risks in the operating environment, and the Company continues to implement response measures. - FY2023WorsenedAnnual report
「Even for our company, which is primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators, persistently high materials prices, including steel, and higher imported-materials prices due to yen depreciation are depressing current earnings.」
Persistently high materials prices and higher imported-materials prices due to yen depreciation depressed earnings for the full fiscal year, alongside declines in the gross margin and operating margin. - FY2023-Q3RestatedAnnual report
「Even for our company, which is primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators, persistently high materials prices, including steel, and higher imported-materials prices due to yen depreciation are depressing current earnings.」
The Company states that persistently high materials prices and higher imported-materials prices due to yen depreciation continue to depress current earnings. - FY2023-Q2RestatedAnnual report
「As a company primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators, we are experiencing pressure on current earnings from soaring materials prices, including steel, and rising imported-materials prices due to yen depreciation.」
The Company states that soaring materials prices and higher imported-materials prices due to yen depreciation continue to depress current earnings. - FY2023-Q1MaterialisedAnnual report
「As a company primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators, we are experiencing pressure on current earnings from soaring materials prices, including steel, and higher imported-materials prices due to the yen's rapid depreciation.」
Higher materials prices and import prices due to yen depreciation are described as events currently depressing earnings, rather than merely potential risks. - FY2022First statedAnnual report
「If the market prices of these raw materials rise, foreign exchange rates fluctuate or stable procurement becomes difficult, our manufacturing costs will increase, potentially affecting our financial condition and operating results.」
The Company is seeking to mitigate these effects by strengthening relationships with multiple domestic and overseas suppliers, passing higher costs through to selling prices and reducing costs.