Addressing Raw Material Risk Through Supply Chain Review, Procurement Diversification and Alternative Materials
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
17 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「To respond flexibly to market fluctuations in raw material prices and raw material procurement risks, the Group is reviewing its supply chain and implementing cost-reduction measures, including production rationalisation, consideration of supplier diversification to obtain high-quality raw materials in a timely manner and in the required quantities, and the selection of alternative materials. In addition, it is working to mitigate the impact by appropriately reflecting developments in competitors’ prices in its selling prices while closely monitoring those trends.」
The Group continues to address raw material risks through supply chain reviews, supplier diversification, alternative materials, production rationalisation and the reflection of costs in selling prices. - FY2022First statedAnnual report
「To respond flexibly to market fluctuations in raw material prices and raw material procurement risks, the Group is reviewing its supply chain and pursuing cost-reduction measures, including production rationalisation, consideration of supplier diversification to obtain high-quality raw materials in a timely manner and in the required quantities, and the selection of alternative materials. It is also working to mitigate the impact by appropriately reflecting developments in competitors’ prices in its selling prices while closely monitoring those trends.」
The Company has specified supply chain reviews, supplier diversification, alternative material selection and the reflection of costs in selling prices as measures to address rising raw material prices and procurement constraints.