Market fluctuations in raw material prices
First written in FY2018. 5 of 14 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-05-15.
Tpr 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: 40 of 57 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- 2026-05-15RestatedRevision of earnings forecasts
「The operating environment is expected to remain challenging, amid uncertainty over the outlook for the situation in the Middle East, risks related to materials procurement, higher labor, raw material and logistics costs across the supply chain, and the effects of prolonged inflation.」
The Company continues to identify the risk of rising raw material costs as a concern in the business environment. - FY2024-Q2RestatedAnnual report
「Under these business conditions, the Group's revenue and earnings for the cumulative second-quarter consolidated period increased year on year, as strong domestic sales and continued progress in cost reduction initiatives and passing through higher raw material and energy prices outweighed the impact of the slowdown in the Chinese economy.」
The company explains that it is continuing cost-reduction activities and price pass-through in response to persistently high raw material and energy prices. - FY2024-Q1MitigatedAnnual report
「Under these business conditions, the Group's revenue and earnings for the cumulative first-quarter consolidated period were affected by the delayed recovery of the Chinese economy. However, strong sales in Japan and ASEAN, along with progress in cost reduction initiatives and passing through higher raw material and energy prices, resulted in higher revenue and higher earnings year on year.」
The company explains that, amid continued increases in raw material and energy prices, cost-reduction activities and price pass-through have progressed, indicating that measures to address the impact of rising costs are advancing. - FY2023WorsenedAnnual report
「If market prices surge and the impact cannot be absorbed through internal efforts such as productivity improvements or by passing the increases through to selling prices, this may adversely affect the future profitability of our Group.」
The company explicitly identifies as a profitability risk the possibility that higher raw material prices may not be fully absorbed even if it pursues productivity improvements and passes the increases through to selling prices. - FY2023-Q3WorsenedAnnual report
「Although the company proceeded with passing higher costs through to selling prices, profit declined year on year due to higher-than-expected expenses including raw material and energy costs, as well as the delayed recovery of the Chinese market.」
Raw material costs rose more than expected and continued to contribute to lower consolidated profit even after the company proceeded with passing the increases through to selling prices. - FY2023-Q2RestatedAnnual report
「In the automotive industry, with which our group is primarily involved, vehicle production and sales generally remained sluggish in Japan and overseas due to supply constraints from semiconductor shortages and higher raw-material procurement costs.」
Higher raw material procurement costs continue to be cited, together with semiconductor shortages, as a factor depressing domestic and overseas automotive production and sales. - FY2023-Q1RestatedAnnual report
「The automotive industry, with which our group is primarily involved, faced difficult conditions globally due to production cuts by automakers caused by semiconductor supply shortages and the spread of COVID-19, as well as soaring raw-material and energy prices.」
Higher raw material prices have been reiterated, together with semiconductor shortages, production cuts and surging energy prices, as a factor making the global business environment more challenging. - FY2022WorsenedAnnual report
「The third and fourth quarters saw lower sales and profit than in the third and fourth quarters of the previous fiscal year, as automakers cut production due to shortages of semiconductors and wiring harnesses, while raw material prices and logistics costs continued to surge.」
In addition to higher raw material prices, rising logistics costs are explicitly identified as factors behind lower consolidated sales and profit. - FY2022-Q3MaterialisedAnnual report
「Amid these challenging operating conditions, reduced production by automakers, higher raw material prices and transportation costs, and lower operating rates resulting from the spread of COVID-19 in Southeast Asia put pressure on profit. However, by thoroughly implementing measures to cover operations through global production optimization, as well as ongoing cost reduction activities and rationalization, the Group achieved higher revenue and profit year on year in the nine-month consolidated period ended the third quarter.」
In addition to raw material prices, surging transportation costs are cited as an actual factor squeezing profit, indicating that the impact of rising costs is continuing. - FY2019WorsenedAnnual report
「Although the company implemented continued cost reduction initiatives, expense cuts and other measures in addition to the production ramp-up effect from higher sales, operating income, ordinary income and net income attributable to owners of the parent all decreased due to higher raw material costs, the slowdown in the China business, the costs of ramping up mass production of new technologies and new product development costs.」
Higher raw material prices emerged as a factor behind lower profit in Japan, Asia, North America and other regions, affecting consolidated profit as well. - FY2019-Q3RestatedAnnual report
「Although the company implemented continued cost reduction initiatives, expense cuts and other measures in addition to the production ramp-up effect from higher sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all decreased due to higher raw material costs, the costs of ramping up mass production of new technologies, the slowdown in the China business and new product development costs.」
Higher raw material prices continued to contribute to the decline in consolidated profit even after cost-reduction activities and expense cuts were implemented. - FY2019-Q2WorsenedAnnual report
「In Japan, sales were ¥2,431.3 million, an increase of ¥262.6 million from the same period of the previous year, owing to increased orders in Japan and the consolidation of a manufacturer and distributor of rubber products. Segment profit was ¥235.1 million, a decrease of ¥46.4 million from the same period of the previous year, due to higher raw material prices, costs associated with launching mass production of new technologies and new product development expenses.」
The impact of higher raw material prices also emerged in Japan and was cited as a factor behind lower profit in multiple regions, together with Asia and North America. The impact of raw material price risk has broadened. All settled. - FY2019-Q1MaterialisedAnnual report
「Although we implemented ongoing cost-reduction initiatives and expense controls in addition to the benefits of increased production from higher sales, operating income, ordinary income and net income attributable to owners of the parent all declined because of higher raw-material costs, mass-production launch costs for new models and new technologies, and new-product development expenses.」
Higher raw material prices actually contributed to the decline in operating income and other profit measures even after cost-reduction activities and expense cuts were implemented. - FY2018First statedAnnual report
「The prices of raw materials for the Group's main products, including piston rings, cylinder liners, sintered products and resin products, may be affected by market fluctuations resulting from changes in supply and demand. The Group seeks to mitigate such fluctuations by consolidating suppliers and making purchases in advance.」
Explicitly identifies fluctuations in raw-material prices as a risk and describes supplier consolidation and advance purchasing as mitigation measures.