Soaring timber prices caused by the wood shock and the shift to domestic timber
First written in FY2021. 8 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 7 of 10 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company recognizes that soaring timber costs caused by climate change and other factors could affect its business, strategy and financial position. It has a system under which sustainability-related risks are reported to the board of directors, in the same way as currently identified business risks.」
The company recognizes higher timber costs caused by climate change as a corporate risk and continues to operate a management system under which the risk is reported to the board of directors. - FY2026-H1RestatedAnnual report
「In the woodworking machinery sector, housing starts are trending downward, and concerns include a decline in building permits due to tighter building regulations. However, demand for equipment is expected to increase as the self-sufficiency rate for abundant domestic timber improves, given the importance of effectively using wood resources, as highlighted both in environmental initiatives and the SDGs.」
While expressing concern about declining housing starts and tighter building regulations, the company continues to identify equipment demand arising from improvements in the domestic timber self-sufficiency rate as an opportunity to address timber-related issues. - FY2025RestatedAnnual report
「The company recognizes that soaring timber costs caused by climate change and other factors could affect its business, strategy and financial position. It has a system under which sustainability-related risks are reported to the board of directors, in the same way as currently identified business risks.」
The company recognizes soaring timber costs as a climate change-related corporate risk and continues to operate a management system under which the risk is reported to the board of directors. - FY2025-H1RestatedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company continues to describe the wood shock and the shift from imported to domestic timber, and identifies equipment demand arising from improvements in the domestic timber self-sufficiency rate as a business opportunity. - FY2024RestatedAnnual report
「Because the company’s main products, woodworking machinery, use timber, an environmentally friendly renewable resource, it recognizes that soaring timber costs caused by climate change and other factors could affect its business, strategy and financial position. The company will address this as one of its corporate risks under the board of directors’ oversight system.」
The company continues to position soaring timber costs as a climate change-related corporate risk to be addressed under the oversight of the board of directors. - FY2024-Q3RestatedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company states that the shift from imported to domestic timber caused by the wood shock remains evident and identifies equipment demand arising from improvements in the domestic timber self-sufficiency rate as an opportunity to address this trend. - FY2024-Q2RestatedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company states that the shift from imported to domestic timber caused by the wood shock remains evident and identifies equipment demand arising from improvements in the domestic timber self-sufficiency rate as an opportunity to address this trend. - FY2024-Q1RestatedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company states that the shift from imported to domestic timber caused by the wood shock remains evident and identifies equipment demand arising from improvements in the domestic timber self-sufficiency rate as an opportunity to address this trend. - FY2023ReframedAnnual report
「Because the company’s main products, woodworking machinery, use timber, an environmentally friendly renewable resource, it recognizes that soaring timber costs caused by climate change and other factors could affect its business, strategy and financial position. The company will address this as one of its corporate risks under the board of directors’ oversight system. It is also continuing business and research activities related to expanding the use of domestic timber.」
The company positions the risk of soaring timber prices not only as an isolated event known as the wood shock, but also as a structural corporate risk involving higher timber costs due to climate change. It is continuing business and research activities to expand the use of domestic timber as a response. - FY2023-Q3MitigatedAnnual report
「The company states that timber prices, which had risen during the wood shock, have begun to trend downward in recent months amid a sharp increase in inventories of imported timber.」
The company states that timber prices, which had risen during the wood shock, have begun to trend downward in recent months against the backdrop of a sharp increase in inventories of imported timber, indicating a mitigation of the risk of soaring timber prices. - FY2023-Q1MitigatedAnnual report
「As a result, last fiscal year, while timber prices were undergoing a rapid and marked global surge known as the “wood shock,” the prices of domestic logs and products, which had been trending downward for several decades, also shifted sharply to an upward trend. In recent months, however, prices are said to be beginning to trend downward as housing demand slows.」
The company states that timber prices, which surged last fiscal year, have begun to trend downward in recent months as housing demand slows, indicating some mitigation of the risk of soaring timber prices. - FY2022-Q3MaterialisedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company states that the wood shock remains evident and that imported timber is being replaced by domestic timber as a building material. At the same time, it identifies equipment related to improving the domestic timber self-sufficiency rate as a demand opportunity arising from this change. - FY2022-Q2MaterialisedAnnual report
「In the woodworking machinery business, the current “wood shock” has prompted a shift in building materials from imported to domestically produced timber. Given the importance of effectively using woody resources both as an environmental measure and as identified in the SDGs, the company expects demand for equipment associated with improvements in the self-sufficiency rate for domestically produced timber, for which Japan has abundant resources.」
The company states that the wood shock has made the surge in timber prices and the shift from imported to domestic timber more pronounced. It identifies equipment demand related to domestic timber as a business opportunity arising from this trend. - FY2021First statedAnnual report
「As a subsequent event at the end of this fiscal year, an unprecedented surge in timber prices, known worldwide in recent years as the “wood shock,” has occurred. We believe it is necessary to consider the technological development required to develop products using domestic timber as an alternative material.」
The company has for the first time explicitly identified the unprecedented surge in timber prices, driven by reduced timber supply and expanding demand, as a subsequent event, and is considering technological development for products using domestic timber as an alternative material.