Volatility in Brass Material and Brass Turning Prices
First written in FY2016-Q2. 9 of 39 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-09-14.
Hamai Industries Ltd moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2018: 12 of 22 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In terms of earnings, although the effect of higher revenue was significant, there was also an impact from a higher cost ratio resulting from increased prices of various items, including raw materials. Operating income was ¥390 million, an increase of ¥14 million, or 3.9%, year on year.」
Higher prices for raw materials and other items affected profitability through a year-on-year increase in the cost ratio. Meanwhile, operating profit increased 3.9% on the effect of higher revenue. - 2026-05-13WorsenedEarnings
「In terms of earnings, although the effect of higher revenue was positive, the significant impact of a higher cost ratio resulting from increased prices of various items, including raw materials, led to operating income of ¥311 million, a decrease of ¥31 million, or 9.2%, year on year. Net income attributable to owners of the parent was ¥198 million, a decrease of ¥4 million, or 2.3%, year on year.」
The increase in the cost ratio caused by higher prices of various items had a significant impact, and operating income declined despite higher revenue, indicating that the earnings impact of cost increases had expanded. - FY2025MitigatedAnnual report
「On the earnings side, higher sales had a significant positive effect, although various prices, including materials, continued to surge. Operating profit increased by ¥105 million, or 9.4%, year on year to ¥1.222 billion.」
Although various prices, including material prices, have continued to surge, the effect of higher sales resulted in a 9.4% year-on-year increase in operating profit, absorbing part of the impact of higher costs. - FY2025-H1WorsenedAnnual report
「On the earnings side, higher sales had a significant positive effect, although the continued surge in various material prices also caused the cost ratio to rise year on year...」
The continued surge in material prices affected profitability through a year-on-year increase in the cost ratio. However, the effect of higher sales resulted in a 2.7% year-on-year increase in operating profit. - FY2024MitigatedAnnual report
「Although various material and fuel prices have continued to surge, higher sales, progress in revising product selling prices in response to surging costs, and improved earnings at the consolidated subsidiary ハマイコリア compared with the previous year resulted in operating profit of ¥1.117 billion, up ¥96 million, or 9.4%, year on year.」
Although material and fuel prices have continued to surge, higher sales, product selling price revisions and improvements at ハマイコリア resulted in a 9.4% year-on-year increase in operating profit, absorbing part of the impact of higher costs. - FY2024-H1MitigatedAnnual report
「Although various material and fuel prices remained high, the impact of higher sales and progress in revising product selling prices in response to surging costs resulted in operating profit of ¥569 million, up ¥55 million, or 10.7%, year on year.」
Although material and fuel prices have remained high, higher sales and progress in revising product selling prices resulted in a 10.7% year-on-year increase in operating profit, absorbing part of the impact of higher costs. - FY2024-Q1WorsenedAnnual report
「On the earnings side, although revisions to product selling prices in response to surging material prices, including those of brass, progressed, the cost ratio rose slightly year on year due to persistently high material and fuel prices and increases in some expenses, including personnel costs. As a result, operating profit declined by ¥11 million, or 3.1%, year on year to ¥344 million.」
Although price revisions progressed in response to surging material prices, the cost ratio rose due to persistently high material and fuel prices and higher personnel costs and other expenses, resulting in a 3.1% year-on-year decline in operating profit. - FY2023RestatedAnnual report
「On the earnings side, the company revised product selling prices in response to surging material prices, including those of brass, while...」
The pattern of responding to continued surging material prices, including those of brass, through product selling price revisions continued on a full-year basis. - FY2023-Q3WorsenedAnnual report
「On the earnings side, although the company revised product selling prices in response to surging material prices, including those of brass, the effects of lower sales and increased expenses accompanying the easing of activity restrictions resulted in operating profit of ¥621 million, down ¥56 million, or 8.3%, year on year.」
Although product selling prices were revised in response to surging material prices, including those of brass, lower sales and higher expenses also affected results, and operating profit declined 8.3% year on year. The impact of surging material prices on earnings continues to be evident. - FY2023-Q2MitigatedAnnual report
「Various cost-reduction initiatives and revisions to product selling prices in response to surging material prices, including those of brass, a major raw material, resulted in operating profit of ¥513 million, up ¥36 million, or 7.7%, year on year.」
Although material prices, including those of brass, have continued to surge, the company explained that it absorbed part of the impact through cost-reduction initiatives and product price revisions, resulting in higher operating profit. - FY2023-Q1RestatedAnnual report
「On the earnings side, the company received customers’ understanding for price increases on some products in response to surging material prices, including those of brass, and achieved efficient production against a backdrop of solid orders, among other factors. Operating profit was ¥355 million, up ¥34 million, or 10.6%, year on year.」
Although material prices, including those of brass, have continued to surge, operating profit increased 10.6% year on year through selling price increases and efficient production. - FY2022MitigatedAnnual report
「The company received customers’ understanding for price increases on some products in response to surging material prices, including those of brass, and saw improved earnings at its consolidated subsidiary ハマイコリア, among other factors. Operating profit was ¥1.096 billion, up ¥586 million, or 114.8%, year on year.」
Although surging material prices remain a risk, selling price increases, efficient production, cost reductions and improvements at ハマイコリア resulted in a substantial increase in full-year operating profit. - FY2022-Q3MitigatedAnnual report
「On the earnings side, the company received customers’ understanding for price increases on some products in response to surging material prices, including those of brass, worked to improve operational efficiency and reduce costs during the COVID-19 pandemic, achieved efficient production against a backdrop of solid orders, and saw improved earnings at its consolidated subsidiary ハマイコリア, among other factors. Operating profit was ¥677 million, up ¥431 million, or 174.8%, year on year.」
Although surging material prices, including those of brass, have continued, operating profit increased 174.8% year on year through selling price increases, improved efficiency and cost reductions, efficient production supported by solid orders, and improvements at ハマイコリア. - FY2022-Q2MitigatedAnnual report
「On the earnings side, the company received customers’ understanding for price increases on some products in response to surging material prices, including those of brass, worked to improve operational efficiency and reduce costs during the COVID-19 pandemic, and saw improved earnings at its consolidated subsidiary ハマイコリア, among other factors. Operating profit was ¥477 million, up ¥317 million, or 198.0%, year on year.」
Although surging material prices have continued, part of the impact has been absorbed through selling price increases, improved efficiency and cost reductions, and improvements at ハマイコリア, resulting in higher operating profit. - FY2022-Q1MitigatedAnnual report
「Although material prices, including those of brass, a major raw material, have remained high, the company received customers’ understanding for price increases on some products, worked to improve operational efficiency and reduce costs during the COVID-19 pandemic, and saw improved earnings at its consolidated subsidiary ハマイコリア, among other factors.」
Although material prices, including those of brass, have remained high, the company explained that selling price increases, improved efficiency and cost reductions, and improvements at ハマイコリア resulted in a 155.1% year-on-year increase in operating profit. - FY2021MitigatedAnnual report
「Brass prices, a major raw material, have remained high, driving up the cost ratio and significantly reducing profitability. At the same time, the company received customers’ understanding for price increases in response to surging brass prices and worked to improve operational efficiency and reduce costs during the COVID-19 pandemic.」
The higher cost ratio and lower profitability caused by persistently high brass prices continue, but part of the impact has been absorbed through selling price increases, improved efficiency and cost reductions. - FY2021-Q3RestatedAnnual report
「Brass prices, a major raw material, have remained high, driving up the cost ratio and significantly reducing profitability.」
The previously observed effects of persistently high brass prices, a higher cost ratio and lower profitability continue to be reported. - FY2021-Q2WorsenedAnnual report
「On the earnings side, the substantial increase in prices for brass, a major raw material, drove up the cost ratio and significantly reduced profitability.」
The substantial increase in brass prices appeared as a higher cost ratio and a significant decline in profitability, with the impact of raw material price fluctuations on results intensifying from the previous quarter. - FY2021-Q1WorsenedAnnual report
「On the earnings side, although prices for brass, a major raw material, rose substantially, the company secured consolidated sales above the previous year and contained the increase in the cost ratio through measures to improve the efficiency of its operations and reduce costs in light of the COVID-19 pandemic and social and economic conditions, in addition to...」
Brass prices, which had stabilised in the previous fiscal year, rose substantially and again appeared in actual results as a factor driving up the cost ratio. However, the company explained that the increase in the cost ratio was contained by higher sales, improved efficiency and cost reductions. - FY2020RestatedAnnual report
「Material costs account for a relatively large proportion of the costs of the product range offered by the group, and substantial fluctuations in material costs may affect the group’s financial position and operating results.」
The company continues to explicitly identify the risk that fluctuations in the price of its main raw material may affect earnings as a business and other risk. - FY2020-Q3RestatedAnnual report
「Although sales of brass turnings declined due to lower sales volume and selling prices, total sales increased to ¥5.950 billion, up ¥81 million, or 1.4%, year on year. On the earnings side, brass prices, a major raw material, had eased somewhat...」
While brass prices eased, the pattern continued in which sales of brass turnings declined due to lower sales volume and selling prices. - FY2020-Q2Brass prices stabilised, while the price of turnings declined.Annual report
「In addition, sales of brass turnings declined due to lower sales volume and selling prices, resulting in total sales of ¥4.015 billion, down ¥23 million, or 0.6%, year on year. On the earnings side, brass prices, a major raw material, had eased somewhat, in addition to...」
While brass prices eased somewhat, sales of brass turnings declined due to lower sales volume and selling prices, with the effects of material and turnings prices appearing in results in opposite directions. - FY2020-Q1The factor behind the decline in sales of brass turnings shifted from price to sales volume.Annual report
「In addition, sales of brass turnings declined due to lower sales volume.」
Previously, fluctuations in brass prices had been cited as the main factor behind the decline in sales, but this quarter the company explained that the decline in sales of brass turnings was due to lower sales volume. - FY2019MaterialisedAnnual report
「On the earnings side, persistently high brass prices, together with lower sales of high-value-added products and higher prices for ancillary materials and freight, resulted in operating profit of ¥308 million, down ¥172 million, or 35.9%, year on year.」
Persistently high brass prices appeared in full-year results as a factor behind the 35.9% decline in operating profit, together with lower sales of high-value-added products and higher prices for ancillary materials and freight. - FY2019-Q3RestatedAnnual report
「In addition, sales of brass turnings declined as brass prices remained weak.」
Weak brass prices have continued to appear in results as a decline in sales of linked brass turnings. - FY2019-Q2MaterialisedAnnual report
「In addition, sales of brass turnings declined as brass prices remained weak, resulting in total sales of ¥4.039 billion, down ¥98 million, or 2.4%, year on year.」
Weak brass prices continue to appear in actual results as a decline in sales of brass turnings. - FY2019-Q1MaterialisedAnnual report
「In addition, sales of brass turnings declined as brass prices remained weak.」
Weak brass prices actually appeared in results as a decline in sales of brass turnings. - FY2018RestatedAnnual report
「On the earnings side, despite company-wide efforts to improve productivity and reduce costs, the surge in brass material prices, its main raw material, and the increased depreciation burden associated with capital investment from the previous fiscal year resulted in operating profit of ¥481 million, down ¥55 million, or 10.4%, year on year.」
The surge in brass material prices continues to be cited as a factor depressing profit. - FY2018-Q3RestatedAnnual report
「On the earnings side, although the company focused on reducing manufacturing costs, higher prices for brass materials, its main raw material, together with higher prices for ancillary materials and freight, resulted in operating profit of ¥362 million, down ¥2 million, or 0.7%, year on year, and ordinary profit of ¥383 million, down ¥31 million, or 7.5%.」
The continued surge in brass material prices is cited as a factor depressing profit, together with higher prices for ancillary materials and freight. - FY2018-Q2RestatedAnnual report
「On the earnings side, in addition to persistently high brass prices, higher prices for ancillary materials and freight resulted in operating profit of ¥276 million, down ¥86 million, or 23.8%, year on year.」
Brass prices have remained high, and the impact of raw material prices on earnings continues to be evident. - FY2018-Q1WorsenedAnnual report
「On the earnings side, persistently high brass prices, along with higher prices for ancillary materials and freight, resulted in operating profit of ¥182 million, down ¥44 million, or 19.5%, year on year; ordinary profit of ¥183 million, down ¥43 million, or 19.0%; and net profit attributable to owners of the parent of ¥113 million, down ¥18 million, or 13.8%.」
Persistently high brass prices, combined with higher prices for ancillary materials and freight, have had an increasing impact as factors behind lower earnings, including a 19.5% decline in operating profit. - FY2017MaterialisedAnnual report
「On the earnings side, the higher cost ratio resulting from increased prices for brass, a major raw material, was a major factor, and consolidated operating profit declined by ¥220 million, or 29.1%, from the previous fiscal year to ¥536 million.」
Higher brass prices have appeared in actual results through a higher cost ratio and a 29.1% decline in operating profit. The company also explicitly identifies higher material costs as a business and other risk. - FY2017-Q3MaterialisedAnnual report
「In addition, selling prices for brass turnings, which are linked to the purchase price of brass, remained relatively high, resulting in sales of ¥5.911 billion, up ¥483 million, or 8.9%, year on year. On the earnings side, the higher cost ratio resulting from higher brass prices, a major raw material, was a major factor, and operating profit declined by ¥123 million, or 25.2%, year on year, to ¥364 million.」
While higher brass prices continue to appear in results as a higher cost ratio and lower operating profit, the linked selling price of brass turnings has remained relatively high and has also supported sales growth. - FY2017-Q2MaterialisedAnnual report
「On the earnings side, the increase in the cost ratio resulting from higher brass prices, a major raw material, was a major factor, and operating profit declined by ¥18 million, or 4.8%, year on year, to ¥363 million.」
The fluctuation in brass prices has now appeared in actual results as a higher cost ratio due to price increases and a decline in operating profit. - FY2016MaterialisedAnnual report
「Meanwhile, sales in the high-pressure gas valves and gas-related equipment segment declined slightly, and the lower selling price of brass turnings also contributed to consolidated sales of ¥7.537 billion, down ¥119 million, or 1.6%, from the previous fiscal year.」
The decline in the selling price of brass turnings actually emerged as a factor behind the decline in consolidated sales. Meanwhile, brass prices were kept low, which contributed to the lower cost ratio, according to the company. - FY2016-Q3MaterialisedAnnual report
「However, the decline in brass prices reduced sales of brass turnings, resulting in total sales of ¥5.427 billion, down ¥84 million, or 1.5%, year on year.」
The company explained that lower brass prices actually reduced sales of brass turnings, with the impact of price fluctuations appearing in sales. - FY2016-Q2First statedAnnual report
「The cost ratio declined slightly as the price of brass, a major raw material, regained some stability after surging to a high last fiscal year.」
Surging and moderating brass prices, as well as declining selling prices for brass turnings, are identified as price fluctuation factors affecting earnings and sales.