Fluctuations in the prices of raw materials such as copper and synthetic resins
First written in FY2016. 13 of 38 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-11-11.
Maezawa Kyuso Industries moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 39 of 72 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- FY2027-H1RestatedAnnual report
「In the Water Supply Equipment business, sales driven mainly by demand brought forward ahead of the price revision increased due to the impact of the price revision implemented in April 2026, and net sales rose 6.5% year on year to ¥8,841 million. Segment profit remained under pressure from the sharp rise in copper prices, a key raw material, but increased sales led to a 2.9% year-on-year increase to ¥2,623 million.」
While cost pressures from higher copper prices have continued, segment profit in the Water Supply Equipment business rose 2.9% year on year due to the price revision and higher sales. - FY2026WorsenedAnnual report
「The price of copper, a major raw material, was soaring, creating a challenging cost environment. As a result, segment sales in this business were ¥16,860 million and segment profit was ¥5,080 million. For reference, compared with the figures for the previous consolidated fiscal year, segment sales declined 1.2% and segment profit declined 5.6%.」
Continued soaring copper prices affected full-year results, including a 5.6% year-on-year decline in segment profit in the water supply equipment business. - 2026-05-13WorsenedResults
「収益面につきましては、主要原材料である銅価格が高騰しており、コスト面で厳しい事業環境となっております。」
銅価格の高騰が継続し、給水装置事業のセグメント利益が前年同期比5.6％減少するなど、原材料価格上昇の影響が実績に現れている。 - FY2026-H1WorsenedAnnual report
「The impact of persistently elevated copper prices, a major raw material, continued to weigh on earnings, creating a challenging cost environment. As a result, segment sales in this business were ¥8,305 million and segment profit was ¥2,549 million. For reference, compared with the figures for the previous interim consolidated accounting period, segment sales declined 2.4% and segment profit declined 8.0%.」
Persistently elevated copper prices resulted in an 8.0% year-on-year decline in segment profit in the water supply equipment business. Although the business continues to respond through selling price revisions, the impact of raw material prices on earnings has once again emerged in the results. - FY2025MitigatedAnnual report
「We have also monitored the price of copper, our principal raw material, as well as energy costs such as electricity and transportation costs, and have secured earnings by appropriately reflecting them in selling prices.」
Even amid soaring copper prices, selling price revisions are mitigating the impact of higher raw material prices on earnings. - FY2025-H1MitigatedAnnual report
「Although the price of copper, a major raw material, remained high, segment profit rose 10.2% year on year to ¥2,772 million due to the effects of selling price revisions.」
Copper prices remained high, but segment profit in the water supply equipment business increased due to the effects of selling price revisions, mitigating the impact of higher raw material prices on earnings. - FY2024MitigatedAnnual report
「In the water supply equipment business, although new housing starts remained sluggish, sales rose 4.6% year on year to ¥17,006 million due to the effects of selling price revisions. Although copper prices, a major raw material, remained elevated, segment profit rose 17.5% year on year to ¥5,090 million due to the effects of selling price revisions.」
Copper prices remained elevated, but selling price revisions led to higher sales and profit in the water supply equipment business, mitigating the impact on earnings. - FY2024-Q3MitigatedAnnual report
「In the water supply equipment business, although new housing starts remained sluggish, sales rose 3.5% year on year to ¥12,886 million due to the effects of selling price revisions. Although copper prices, a major raw material, remained elevated, segment profit rose 20.6% year on year to ¥3,895 million due to the effects of selling price revisions.」
Copper prices remained elevated, but segment profit in the water supply equipment business rose 20.6% year on year due to the effects of selling price revisions, mitigating the impact of higher raw material prices on earnings. - FY2024-Q2MitigatedAnnual report
「Although copper prices, a major raw material, remained elevated, segment profit rose 19.0% year on year to ¥2,515 million due to the effects of selling price revisions.」
Copper prices remained elevated, but segment profit in the water supply equipment business rose 19.0% year on year due to the effects of selling price revisions, mitigating the impact on earnings. - FY2024-Q1MitigatedAnnual report
「Although copper prices, a major raw material, remained elevated, segment profit rose 17.5% year on year to ¥1,197 million due to the effects of selling price revisions.」
Copper prices remained elevated, but segment profit in the water supply equipment business increased due to the effects of selling price revisions, partially mitigating the impact of higher raw material prices on earnings. - FY2023-Q3MaterialisedAnnual report
「In the water supply equipment business, sales rose 5.9% year on year to ¥12,450 million, supported by resilient demand for water main replacement projects and housing, as well as the effects of moderate price revisions. Segment profit declined 3.6% year on year to ¥3,229 million due to soaring copper prices, a major raw material.」
Soaring copper prices actually emerged in the results as a 3.6% decline in segment profit in the water supply equipment business. - FY2023-Q2MaterialisedAnnual report
「Segment profit declined 4.7% year on year to ¥2,114 million due to soaring copper prices, a major raw material.」
Soaring copper prices actually emerged as a 4.7% decline in segment profit in the water supply equipment business. - FY2023-Q1MaterialisedAnnual report
「In the water supply equipment business, although sales have not yet reached pre-pandemic levels, they rose 11.6% year on year to ¥3,837 million, supported by resilient demand for water main replacement projects and housing. Segment profit declined 2.1% year on year to ¥1,019 million due to soaring copper prices, a major raw material.」
Soaring copper prices actually emerged as higher procurement costs and lower segment profit in the water supply equipment business. - FY2022MaterialisedAnnual report
「In addition to a sharp rise in international copper prices amid growing demand related to decarbonization, the rapid depreciation of the yen has raised our procurement costs.」
The sharp rise in international copper prices and the yen's depreciation have raised procurement costs, with the impact actually emerging as lower profit in the water supply equipment business and a lower gross profit margin. - FY2022-Q3MaterialisedAnnual report
「Segment profit declined 10.0% year on year to ¥3,409 million due to higher procurement costs, as the price of copper, a major raw material, remained well above the level in the same period of the previous year, among other factors.」
Copper prices remained well above the level in the same period of the previous year, and higher procurement costs actually resulted in a 10.0% decline in segment profit in the water supply equipment business. - FY2022-Q2MaterialisedAnnual report
「Segment profit declined 7.1% year on year to ¥2,248 million due to higher procurement costs, as the price of copper, a major raw material, remained well above the level in the same period of the previous year, among other factors.」
The rise in copper prices actually resulted in higher procurement costs and lower segment profit in the water supply equipment business. - FY2022-Q1WorsenedAnnual report
「New housing starts related to our Group’s business remained above the same period of the previous year as the economy recovered, but the environment surrounding our Company has become increasingly difficult, with copper prices, a key raw material, strengthening their upward trend.」
The strengthening upward trend in copper prices clearly indicates a deterioration in the raw material price environment. - FY2021WorsenedAnnual report
「The price of copper, our principal raw material, surged early this year and has remained at levels not seen since 2011, which is expected to affect earnings.」
The sharp rise in copper prices to levels not seen since 2011 clearly indicates worsening raw material price risk and an expected impact on earnings. - FY2021-Q2WorsenedAnnual report
「Segment profit was ¥2,430 million, unchanged from the same period of the previous year, as the price of copper, a major raw material, remained above the level in the same period of the previous year from the second quarter of the fiscal year onward, but profit margins benefited from the effects of price revisions implemented since the previous fiscal year.」
After a period in which copper prices were below the same period of the previous year, they remained above that level from the second quarter onward, indicating a deterioration in the raw material price environment. - FY2021-Q1MitigatedAnnual report
「Segment profit rose 2.8% year on year to ¥1,108 million, as the average copper settlement price, a major raw material, remained below the previous year's average of ¥710,000 per tonne at ¥610,000 per tonne, and profit margins also benefited from the price revisions implemented since the previous fiscal year.」
The lower copper settlement price compared with the same period of the previous year, together with the effects of the price revisions, contributed to higher segment profit in the water supply equipment business. - FY2020MitigatedAnnual report
「The annual average copper settlement price, a major raw material, was ¥680,000 per tonne, below the previous year's annual average of ¥740,000 per tonne. Together with efforts to improve production efficiency and streamline operations, this resulted in a gross profit margin of 32.1%, up from 29.7% in the previous consolidated fiscal year.」
Copper prices remained below the previous year's levels, while improvements in production efficiency and operational streamlining also contributed to the higher gross profit margin. - FY2020-Q3RestatedAnnual report
「Although copper prices, a major raw material, were lower year on year, labor costs, transportation costs and other expenses continued to rise, making the business environment increasingly challenging.」
Copper prices were lower year on year, while labor and transportation costs continued to rise. - FY2020-Q2MitigatedAnnual report
「Although the price of copper, a major raw material, was trending lower against a backdrop of slowing economic growth in China, the challenging business environment continued due to higher transportation costs and other factors.」
Copper prices were trending lower, while burdening factors such as higher transportation costs remained. - FY2020-Q1MitigatedAnnual report
「Although the price of copper, a major raw material, was trending downward against a backdrop of slowing economic growth in China, the challenging business environment continued due to higher transportation costs and other factors.」
Among the major raw materials, copper prices turned downward against a backdrop of slowing economic growth in China. Meanwhile, higher transportation costs remained a separate burden. - FY2019-Q3RestatedAnnual report
「New housing starts, which are relevant to our Group's businesses, continued to decline year on year, while the business environment became increasingly challenging due to persistently elevated copper and resin prices, higher transportation costs and other factors.」
The persistently elevated prices of copper and resins confirm the continued challenging raw material environment. - FY2019-Q2RestatedAnnual report
「Housing starts for new construction related to our group’s businesses have begun to decline, while prices for copper and resin, our principal raw materials, remain elevated, making the business environment increasingly challenging.」
The persistently elevated prices of copper and resins confirm the continued challenging raw material environment. - FY2019-Q1WorsenedAnnual report
「Housing starts for new construction related to our group’s businesses have begun to decline, while prices for copper and resin, our principal raw materials, remain elevated, making the business environment increasingly challenging.」
Copper and resin prices remained elevated, and the challenging business environment resulting from higher raw material prices has continued and become more severe. - FY2018RestatedAnnual report
「The prices of copper and synthetic resins, which are major raw materials for the products handled by our Group, are affected by market conditions. If increases in raw material prices cannot be appropriately reflected in selling prices, this may affect our operating results and financial position.」
The effects of market fluctuations in copper and synthetic resin prices and the inability to pass on those price increases continue to be described as risks. - FY2018-Q3RestatedAnnual report
「Furthermore, the business environment became increasingly challenging as prices of resin raw materials, in addition to copper, also began to rise.」
The situation in which prices of resin raw materials, in addition to copper, had turned upward is described again, following the previous quarter. - FY2018-Q2WorsenedAnnual report
「Furthermore, the business environment became increasingly challenging as prices of resin raw materials, in addition to copper, also began to rise.」
In addition to copper, prices of resin raw materials also turned upward, and raw material price risk continues to expand. - FY2018-Q1WorsenedAnnual report
「Furthermore, the business environment became increasingly challenging as prices of resin raw materials, in addition to copper, also began to rise.」
In addition to copper, prices of resin raw materials also turned upward, expanding the scope and impact of raw material price risk. - FY2017RestatedAnnual report
「The prices of copper and synthetic resins, which are major raw materials for the products handled by our Group, are affected by market conditions. If increases in raw material prices cannot be appropriately reflected in selling prices, this may affect our operating results and financial position.」
The effects of market fluctuations in copper and synthetic resin prices and the inability to pass on those price increases continue to be described as risks. - FY2017-Q3WorsenedAnnual report
「In addition, the business environment became increasingly challenging as the price of copper, a major raw material that had remained below the previous year's level, began to rise following the yen's reversal toward depreciation.」
The price of copper, which had previously remained below the previous year's level, turned upward against a backdrop of the yen's reversal toward depreciation, indicating worsening raw material price risk. - FY2017-Q2MitigatedAnnual report
「Meanwhile, the prices of copper and resins, which are major raw materials for water supply equipment and housing equipment, continued to remain below the previous year's levels against a backdrop of lower global resource prices.」
Copper and resin prices remained below the previous year's levels, indicating a low risk of higher raw material prices. - FY2017-Q1MitigatedAnnual report
「The prices of copper and resins, which are major raw materials for water supply equipment and housing equipment, remained below the previous year's levels against a backdrop of declining global resource prices.」
The risk of higher raw material prices is described as copper and resin prices remaining below the previous year's levels during the quarter. - FY2016First statedAnnual report
「The prices of copper and synthetic resins, which are major raw materials for the products handled by our Group, are affected by market conditions. If increases in raw material prices cannot be appropriately reflected in selling prices, this may affect our operating results and financial position.」
This indicates the impact on earnings if increases in raw material prices cannot be passed on to selling prices.