Margin Pressure from Intensifying Price Competition and Rising Raw Material Prices
First written in FY2017-Q1. 9 of 15 entries say "Restated". Latest entry: 2026-08-07.
Tsurumi Manufacturing moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 20 of 26 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「欧州地域におきましては、引き続きトンネル工事向け等インフラ市場での建設ポンプの需要が好調であり、また汚水用水中ポンプの需要も増加しましたが、価格競争の激化などもあり、売上高は現地通貨ベースでほぼ横ばいで推移しました。」
価格競争の激化が欧州の売上伸長を抑える要因として記載され、利益圧迫テーマが再確認された。 - FY2025RestatedAnnual report
「Although the cost-of-sales ratio improved because of orders with higher profit margins, the cost of sales increased ¥1,743 million, or 4.3%, from the previous consolidated fiscal year to ¥41,905 million, due to persistently high raw material prices and higher sales.」
Raw material prices remain elevated, but orders with higher profit margins improved the cost-of-sales ratio, and operating profit increased. - FY2023RestatedAnnual report
「Although the cost-of-sales ratio improved, partly because sales were boosted by the weaker yen as described above, the cost of sales increased ¥1,586 million, or 4.6%, from the previous consolidated fiscal year to ¥36,129 million, due to soaring raw material prices and higher sales.」
While soaring raw material prices continue to contribute to higher cost of sales, the cost-of-sales ratio improved. - FY2023-Q2MaterialisedAnnual report
「As a result, sales were ¥22,410 million, an increase of ¥2,503 million, or 12.6%, from the same quarter of the previous fiscal year, while segment profit was ¥1,864 million, a decrease of ¥119 million, or 6.0%.」
In the domestic division, sales increased 12.6%, while segment profit declined 6.0% because of the impact of higher raw material prices and logistics costs. - FY2022MaterialisedAnnual report
「Operating profit declined ¥41 million, or 0.7%, from the previous consolidated fiscal year to ¥5,508 million, partly because of soaring raw material prices and logistics costs.」
Higher raw material prices and logistics costs actually reduced operating profit: sales increased 13.0%, while operating profit declined 0.7%. - FY2022-Q2WorsenedAnnual report
「In addition, concerns remain over the impact on the Japanese and global economies of soaring resource prices and logistics costs, shortages of components including semiconductors, and the slowdown in the Chinese economy,」
In addition to the previously identified risk of rising raw material prices, soaring resource prices and logistics costs have been identified as specific areas of concern. - FY2021RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
Price competition, rising raw material prices, the possibility that their impact cannot be absorbed through cost reductions, and exchange-rate fluctuations continue to be cited as factors affecting profits. - FY2019MaterialisedAnnual report
「Although efforts were made to reduce the cost of sales through efficiency improvements, the cost-of-sales ratio rose slightly because of higher material costs resulting from the weaker yen. Together with higher sales, this caused the cost of sales to increase 8.0% from the previous consolidated fiscal year to ¥29,036 million.」
The risk of rising raw material prices has materialized in higher material costs caused by the weaker yen and an increase in the cost-of-sales ratio. - FY2018WorsenedAnnual report
「In addition, if selling prices decline as market competition intensifies and the prices of raw materials and components procured by our group increase because of soaring energy and material prices, this could have a material impact on our group's operating results and financial condition.」
In addition to the previously identified risks of price competition and rising raw material prices, the risk factors have been specified to include falling selling prices, soaring energy and material prices, and higher component prices, with the potential impact expanded from operating results to financial condition. - FY2018-Q3RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
Price competition, rising raw material prices, the possibility that their impact cannot be absorbed through cost reductions, and exchange-rate fluctuations continue to be cited as factors affecting profits. - FY2018-Q2RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
Price competition, rising raw material prices, the possibility that their impact cannot be absorbed through cost reductions, and exchange-rate fluctuations continue to be cited as factors affecting profits. - FY2018-Q1RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
Price competition, rising raw material prices, and the possibility that their impact cannot be absorbed through cost reductions continue to be cited as factors affecting profits. - FY2017-Q3RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses, or if sharp exchange-rate fluctuations or other factors have a material impact on profits,」
Intensifying price competition, rising raw material prices, and sharp exchange-rate fluctuations continue to be identified as factors that could materially affect profits. - FY2017-Q2RestatedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses,」
Intensifying price competition, rising raw material prices, and the possibility that their impact cannot be absorbed through cost reductions continue to be identified as material factors affecting results. - FY2017-Q1First statedAnnual report
「Factors having a material impact on the operating results of our group include concerns over rising raw material prices amid intensifying price competition. If the increase in raw material prices cannot be absorbed through cost reductions in manufacturing costs, selling, general and administrative expenses,」
Price competition and rising raw material prices are recognized as key factors affecting profits, with the possibility that their impact cannot be absorbed through cost reductions indicated.