Supply interruptions and price spikes for raw materials, electricity and other inputs
First written in FY2016. 12 of 22 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 38 of 62 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「We monitor raw material procurement risks, including supply interruptions, stoppages and shortages, on an ongoing basis and share information with the relevant business divisions, while advancing measures to mitigate these risks through multiple sourcing and long-term supply contracts.」
Measures to address procurement risks through monitoring, information sharing, multiple sourcing and long-term supply contracts continue. - FY2024RestatedAnnual report
「We monitor raw material procurement risks, including supply interruptions, stoppages and shortages, on an ongoing basis and share the information with the relevant business divisions, while advancing measures to mitigate these risks through multiple sourcing and long-term supply contracts.」
Measures to address procurement risks through monitoring, multiple sourcing and long-term supply contracts continue. - FY2023MitigatedAnnual report
「In fiscal 2022, the Group companies continued to conduct conflict minerals surveys, and no minerals were identified as having been linked to funding armed groups in the Democratic Republic of the Congo or neighboring countries.」
The disclosure stated that surveys were conducted to address conflict minerals, human rights and supply chain procurement risks, and that no problematic minerals had been identified. - FY2023-Q3RestatedAnnual report
「Although concerns over shortages of semiconductors and other components remain, automotive production volumes recovered gradually and reached a level above that of the previous period.」
While concerns over shortages of semiconductors and other components remain, automotive production recovered gradually and reached a level above that of the previous period. - FY2023-Q2MitigatedAnnual report
「In the automotive market, production volumes recovered gradually and exceeded the level of the same period of the previous year, following the resumption of production after lockdown restrictions in China were lifted and some concerns over component supplies eased.」
The lifting of lockdown restrictions in China and the easing of some concerns over component supplies enabled automotive production to exceed the level of the same period of the previous year, indicating some mitigation of the impact of supply constraints. - FY2023-Q1MaterialisedAnnual report
「In the automotive market, supply chain constraints in parts procurement continued due to lockdowns in China and rising geopolitical risks, and production volumes fell below the level of the same period of the previous year.」
Supply chain constraints in parts procurement associated with China's lockdowns and geopolitical risks continued, and automotive production volumes fell below the level of the same period of the previous year. - FY2022WorsenedAnnual report
「Although vaccination and the development of therapeutics for COVID-19 are progressing worldwide, the timing of containment remains uncertain and there are concerns that the impact may be prolonged further. In addition, rising geopolitical risks and surging energy and raw material costs are having a significant impact on economic activity.」
In addition to infectious diseases, geopolitical risks and surging energy and raw material costs were explicitly identified as downside factors for the procurement and manufacturing environment. Long-term advance payments of ¥121,370 million were also recorded for the purpose of securing stable long-term procurement. - FY2022-Q3MaterialisedAnnual report
「In the automotive market, production volumes remained sluggish due to supply chain constraints in parts procurement. However, demand remained firm in the third quarter of the fiscal year under review, supported by an increase in the number of components installed as the shift to EVs and ADAS (advanced driver assistance systems) progressed, as well as by customers building up inventories.」
Supply chain constraints in parts procurement were reflected in sluggish automotive production volumes. Meanwhile, demand was reported to be firm due to the increase in the number of components installed and customers' inventory build-up. - FY2022-Q2RestatedAnnual report
「Supply of semiconductors and components was severely constrained, affecting the production plans of various companies.」
Shortages of semiconductors and components continued and were again identified as an event affecting companies' production plans. - FY2022-Q1MaterialisedAnnual report
「The recovery in overall demand led to shortages of semiconductors and other components, affecting the production plans of various companies.」
It was stated that the previously recognized risk of supply disruptions for raw materials and components had in fact materialized, with shortages of semiconductors and other items affecting companies' production plans. - FY2021MitigatedAnnual report
「We monitor raw material procurement risks, including supply interruptions, stoppages and shortages, on an ongoing basis and share the information with the relevant business divisions, while advancing measures to mitigate these risks through multiple sourcing and long-term supply contracts.」
Specific measures were presented to address the risks of supply disruptions and shortages, including ongoing monitoring, multiple sourcing and long-term supply contracts. - FY2021-Q3RestatedAnnual report
「However, there is still no clear prospect of containing COVID-19, and the possibility remains that our business results could be significantly affected by a further spread of infections delaying the economic recovery, the closure of our facilities or disruption of our supply chain.」
The risks of a delayed economic recovery due to the spread of infections, facility closures and supply chain disruptions continue to exist. - FY2021-Q2RestatedAnnual report
「However, there is still no clear prospect of containing COVID-19, and the possibility remains that our business results could be significantly affected if a further spread of infections delays the economic recovery or if our facilities are closed or our supply chain is disrupted.」
The risks of a delayed economic recovery due to the spread of infections, facility closures and supply chain disruptions continue to exist. - FY2020MitigatedAnnual report
「For these raw materials and other items, in addition to securing multiple procurement routes, we are working to reduce the quantities used. With regard to minerals from conflict-affected and high-risk areas, including cobalt, we have established a policy on responsible mineral procurement and are making every effort within commercially reasonable limits to ensure that only sustainable and responsibly sourced minerals are used in the supply chain.」
Specific measures were presented to address the risk of dependence on rare earths and cobalt, including multiple procurement routes, reduced usage and a responsible mineral procurement policy. - FY2020-Q3MaterialisedAnnual report
「In addition, pneumonia caused by the novel coronavirus, which emerged in Wuhan, Hubei Province, China, in December 2019, has spread throughout China, Japan and countries around the world. As a result, since January 2020, customer orders, operations at our production sites and our supply chain have been affected, but at this point it is difficult to reasonably predict the impact.」
It was stated that the spread of the novel coronavirus had in fact affected customer orders, operations at production sites and the supply chain. - FY2019RestatedAnnual report
「However, in some cases we may depend on a limited number of supplying countries and suppliers for raw materials that are difficult to replace.」
The risks of dependence on supplying countries and suppliers, supply disruptions, supply shortages, and surging raw material and fuel prices continue to exist. - FY2018RestatedAnnual report
「We periodically review our suppliers and take other measures to address these risks, but if conditions arise that exceed our assumptions, they could have a significant impact on our business results.」
Dependence on a limited number of supplying countries and suppliers, supply disruptions and price surges remain risks, with supplier reviews continuing as a response. - FY2018-Q2RestatedAnnual report
「The business is also exposed to price fluctuation risk in the procurement of raw materials.」
Fluctuation risk in raw material procurement prices continues to be explicitly identified in the description of financial risk management. - FY2018-Q1RestatedAnnual report
「The business is also exposed to price fluctuation risk in the procurement of raw materials.」
Fluctuation risk in raw material procurement prices continues to be explicitly identified in the description of financial risk management. - FY2017-Q3RestatedAnnual report
「The Company and its subsidiaries conduct business internationally and are exposed to the risk of fluctuations in foreign exchange rates. They are also exposed to the risk of fluctuations in the procurement prices of raw materials related to their businesses.」
Fluctuation risk in raw material procurement prices continued to be explicitly identified in the description of financial risk management. - FY2017-Q2RestatedAnnual report
「The Company and its subsidiaries conduct business internationally and are exposed to the risk of fluctuations in foreign exchange rates. They are also exposed to the risk of fluctuations in the procurement prices of raw materials related to their businesses.」
The risk of fluctuations in raw material procurement prices continues to be explicitly identified in the explanation of financial risk management. - FY2016First statedAnnual report
「The Group may depend on a limited number of suppliers for key raw materials that are difficult to replace.」
Disasters or accidents affecting suppliers, quality issues, sudden increases in demand and surging fuel prices are identified as production and business performance risks.