Higher Electricity Rates Put Pressure on Profit in the Automotive and Construction Machinery Businesses
First written in FY2023-Q2. 2 of 3 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2024-Q1.
Eagle Industry moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 5 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2024-Q1MaterialisedAnnual report
「At the profit level, higher raw material and electricity costs resulted in an operating loss of ¥459 million, compared with operating profit of ¥540 million in the same period of the previous year.」
Higher electricity costs, together with higher raw material prices and other factors, continue to be reflected in actual results as a shift from operating profit in the previous year to an operating loss. - FY2023-Q3MaterialisedAnnual report
「Higher raw material prices and increased electricity charges, among other factors, combined to reduce operating profit to ¥1.05 billion, down 31.3% year on year.」
The electricity price increase first disclosed in the previous quarter, together with higher raw material prices and other factors, continues to be reflected in actual results as a 31.3% year-on-year decline in operating profit. - FY2023-Q2First statedAnnual report
「As lower sales volumes, higher raw material prices and higher electricity costs combined to weigh on results, operating profit was ¥561 million, down 65.1% year on year.」
Higher electricity costs were identified for the first time, together with higher raw material prices and lower sales volumes, as a factor behind the decline in operating profit in the businesses serving the automotive and construction machinery industries.