Surging prices of raw materials, including steel products
First written in FY2016. 8 of 15 entries say "Restated". Latest entry: 2026-08-18.
Kitagawa Seiki moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2021: 13 of 28 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, Japan's economy moved toward normalization of economic activity following the change in the legal classification of COVID-19. At the same time, the outlook for the economy remained uncertain, as the impact of soaring resource and energy prices persisted against a backdrop of unstable international conditions and the weaker yen.」
The continuing impact of soaring resource and energy prices against a backdrop of unstable international conditions and the weaker yen is still cited as uncertainty in the business environment. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy moved toward normalization of economic activity following the change in the legal classification of COVID-19. At the same time, the outlook for the economy remained uncertain due to factors including persistently high resource and energy prices resulting from the prolonged Russia-Ukraine situation and the weaker yen, concerns over an economic slowdown associated with monetary tightening in various countries, and unstable foreign exchange markets.」
The prolonged Russia-Ukraine situation and persistently high resource and energy prices resulting from the weaker yen continue to be cited as factors clouding the outlook, including through higher raw material prices. - FY2023RestatedAnnual report
「Our group manufactures products using steel and other raw materials, but prices of the raw materials we use have risen due to the weaker yen, geopolitical risks and other factors.」
The rise in raw material prices, including steel, is attributed to the weaker yen and geopolitical risks. The company is responding through process management and cost reductions, while treating the impact of sharp spikes and prolonged high prices as a risk. - FY2023-Q2RestatedAnnual report
「During the six-month cumulative period of the current second quarter, Japan's economy was moving toward normalization of economic activity as restrictions on movement related to COVID-19 were gradually eased. However, conditions remained uncertain due to factors including higher resource and energy prices resulting from the situation in Ukraine and sharp fluctuations in foreign exchange rates.」
The company continues to identify higher resource and energy prices resulting from the situation in Ukraine as a factor contributing to an uncertain outlook. - FY2022MaterialisedAnnual report
「Although the company worked to hold inventory of some standard products and place orders early when receiving orders in response to rising steel prices and longer lead times for procured parts, raw material prices rose more than expected in some projects, resulting in revenue of ¥4,858 million, up 4.4% year on year, and operating profit of ¥494 million, down 6.3% year on year.」
Higher-than-expected raw material prices actually occurred in some projects and became a factor in the 6.3% year-on-year decline in operating profit in the Industrial Machinery business. - FY2022-Q3WorsenedAnnual report
「During the nine-month cumulative period of the current third quarter, Japan's economy showed signs of a gradual recovery as COVID-19 vaccinations progressed, but the outlook remained uncertain due to the renewed spread of infections caused by the emergence of variants and higher raw material and ocean freight costs resulting from the situation in Ukraine.」
In addition to the previous factor of the weaker yen and other factors, the company specifically identifies higher raw material and ocean freight costs resulting from the situation in Ukraine as factors behind rising raw material prices. - FY2022-Q2RestatedAnnual report
「To address rising steel prices and longer lead times for procured components, we placed advance orders when receiving orders and worked to shorten delivery times and reduce costs.」
The company states that steel prices continue to rise and that procurement parts are also experiencing longer lead times, and is responding by shortening lead times and reducing costs through advance ordering. - FY2022-Q1RestatedAnnual report
「To address rising steel prices and shortages of electrical components that have continued since last year, we placed advance orders when receiving orders and worked to shorten delivery times and reduce costs.」
The company states that steel prices have continued to rise from the previous year and is responding by shortening lead times and reducing costs through advance ordering. - FY2021RestatedAnnual report
「Our group manufactures products using steel and other raw materials, but prices of the raw materials we use have risen due to the weaker yen, increases in the consumption tax and other factors. Although we are working to ensure thorough process control and reduce costs, sharper-than-expected increases or prolonged price inflation may affect our group's financial condition and operating results.」
The company states that raw material price increases are continuing and, while responding through process control and cost reductions, identifies the impact of sharp or prolonged price increases as a risk. - FY2019RestatedAnnual report
「Prices of the raw materials we use have risen due to the weaker yen, increases in the consumption tax and other factors. We are responding by pursuing cost reductions through measures including strengthening our production control structure and operating a cost management system. However, if prices rise more sharply than expected or remain elevated for an extended period, our group's profit may decline.」
The company continues to describe the occurrence of raw material price increases, its response through cost reductions and the risk of lower profit due to sharper-than-expected or prolonged price increases. - FY2018WorsenedAnnual report
「Orders for overseas press equipment and press equipment for forming automotive parts remained solid, resulting in diverse sales. However, higher subcontracting and certain material costs, reflecting strong conditions in the general machinery and semiconductor manufacturing equipment industries, among other factors, resulted in net sales of ¥3,585 million, down 3.4% year on year, and operating profit of ¥257 million, down 28.9%.」
Increases in outsourcing expenses and the cost of certain materials materialized as factors reducing profit in the Industrial Machinery business, making the impact of higher costs more apparent. - FY2017MaterialisedAnnual report
「Prices of the raw materials we use have risen due to the weaker yen, increases in the consumption tax and other factors. We are responding by pursuing cost reductions through measures including strengthening our production control structure and operating a cost management system.」
The company states that raw material price increases are continuing and identifies its production control structure and cost management system as its response. - FY2016MaterialisedAnnual report
「Prices of the raw materials we use have risen due to the weaker yen, increases in the consumption tax and other factors.」
The company has already recognized rising raw material prices and is responding by strengthening its cost management system and production control structure. Further sharp increases and prolonged price inflation are identified as risks.