Response to Soaring Material Prices and Yen Depreciation

「We will strengthen our business relationships with multiple domestic and overseas suppliers to secure a structure capable of stable materials procurement. If we are unable to absorb through corporate efforts increases in materials prices, including imported materials, subcontracting costs, transportation costs and employee compensation costs, we will consider reviewing selling prices.」

「海外を含む調達先の見直し、部品の見直し、内製化による原価コントロールを引き続き進めており」

「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.」

「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.」

「If we are unable to absorb through our own efforts the effects of soaring materials prices, higher imported-materials prices due to yen depreciation, increases in subcontractor labor rates and transportation costs, and higher employee compensation costs, we will consider reviewing selling prices.」

「We are primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators. Amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders have remained firm. In response to persistently high material prices and rising prices for imported materials due to the weaker yen, we have switched some materials to domestic procurement and controlled costs through in-house production, while also working to expand production and installation capacity, including by commencing operations at the Torihama Product Management Center in August 2023.」

「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.」

「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.」

「We have implemented measures including reviewing selling prices for new orders, switching some materials procurement to domestic suppliers and pursuing cost benefits through in-house production.」

「In addition to switching some materials to domestic procurement and pursuing cost benefits through in-house production, we are passing through costs in prices for new orders.」

「The Company is also switching to domestic sourcing for some materials and pursuing cost benefits through in-house production, while advancing price pass-through for new orders.」

「In addition to switching some materials procurement to domestic suppliers and pursuing cost benefits through in-house production, we are proceeding with passing higher costs through to prices on new orders.」

「We will continue passing higher costs through to selling prices while implementing cost-control measures, including switching some materials procurement to domestic suppliers.」