Rising resin raw material costs due to foreign exchange and crude oil prices
First written in FY2016. 8 of 26 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Tensho Electric Industries moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 9 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The Group recognizes that the impact of foreign exchange is limited because most of its purchases and sales are conducted domestically.」
While the risks of rising crude oil and resin material prices and difficulty passing price increases through continue to be disclosed, the Company indicates that the foreign exchange impact is limited because most transactions are domestic. - 2026-05-14RestatedResults
「当社グループ製品の主要納入先である自動車産業におきましても原材料や物流費の値上げ等が実施され、厳しい経営環境が継続しております。」
原材料価格や物流費の上昇を通じたコスト環境のリスクを継続して示している。 - FY2025RestatedAnnual report
「The Company is working to reduce costs in procuring raw materials, but conditions have become unstable recently, with crude oil and resin material prices rising. Passing raw material prices through appropriately to product prices is being addressed as the most important sales policy issue, but there is a risk that the Company may be unable to pass these costs through to product prices depending on sales conditions.」
The Company continues to disclose rising crude oil and resin material prices and the risk that price increases cannot be passed through to customers depending on sales conditions. - FY2024RestatedAnnual report
「The Company is working to reduce costs in procuring raw materials, but conditions have become unstable recently, with crude oil and resin material prices rising. Passing raw material prices through appropriately to product prices is being addressed as the most important sales policy issue, but there is a risk that the Company may be unable to pass these costs through to product prices depending on sales conditions.」
The Company continues to disclose rising crude oil and resin material prices and the risk that price increases cannot be passed through to customers depending on sales conditions. - FY2023RestatedAnnual report
「The Company is working to reduce costs in procuring raw materials, but conditions have become unstable recently, with crude oil and resin material prices rising. Passing raw material prices through appropriately to product prices is being addressed as the most important sales policy issue, but there is a risk that the Company may be unable to pass these costs through to product prices depending on sales conditions.」
The Company continues to disclose rising crude oil and resin material prices and the risk that price increases cannot be passed through to customers depending on sales conditions. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, the Japanese economy showed signs of recovery, partly due to the effects of various policies implemented while living with COVID-19. However, the outlook remained uncertain due to the effects of rising prices, supply-side constraints and volatility in financial and capital markets.」
The disclosure continues to describe uncertainty in the external environment that could lead to higher raw material costs, including rising prices and supply-side constraints. - FY2023-Q2WorsenedAnnual report
「During the cumulative second-quarter period, the Japanese economy showed some signs of recovery as the transition to a new phase of living with COVID-19 progressed. However, the outlook remained uncertain, as the impact of soaring raw material prices on corporate earnings and personal consumption was beginning to emerge.」
The disclosure states that soaring raw material prices are beginning to affect corporate earnings and personal consumption, continuing to indicate that the impact of the risk of higher raw material costs is becoming apparent. - FY2023-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the Japanese economy showed some signs of recovery, although it remained impossible to predict when the COVID-19 pandemic would subside. The outlook remained uncertain, as the impact of soaring raw material prices on corporate earnings and personal consumption was beginning to emerge.」
The disclosure states that soaring raw material prices are beginning to affect corporate earnings and personal consumption, indicating that the impact of the risk of higher raw material costs is becoming apparent. - FY2022WorsenedAnnual report
「The Company is working to reduce costs in procuring raw materials, but conditions have become unstable recently, with crude oil and resin material prices rising. Passing raw material prices through appropriately to product prices is being addressed as the most important sales policy issue, but there is a risk that the Company may be unable to pass these costs through to product prices depending on sales conditions.」
The Company continues to disclose rising and unstable crude oil and resin material prices, as well as the risk that raw material price increases cannot be passed through to product prices. - FY2022-Q3Foreign exchange gain recognizedAnnual report
「Foreign exchange gain － 36」
The cumulative third-quarter period recorded a ¥36 million foreign exchange gain. The impact of foreign exchange movements on profit and loss continues, but has shifted from the ¥44 million foreign exchange loss in the same period of the previous year to a gain. - FY2021Explicit disclosure of raw material price volatility and pass-through riskAnnual report
「The Company is working to reduce costs in procuring raw materials, but significant recent fluctuations in oil prices have made resin material prices unstable. Passing raw material prices through appropriately is being addressed as the most important sales policy issue, but there is a risk that the Company may be unable to pass these costs through to product prices depending on sales conditions.」
The risk of higher raw material costs due to foreign exchange and crude oil prices is described in specific terms, including significant fluctuations in oil prices, instability in resin material prices and difficulty passing costs through to product prices. At the same time, the Company considers the impact of foreign exchange to be limited. - FY2021-Q3MaterialisedAnnual report
「Non-operating expenses included ¥26 million in interest expense and a ¥44 million foreign exchange loss, among other items.」
A ¥44 million foreign exchange loss was recorded on a cumulative third-quarter basis as an impact of foreign exchange movements, indicating that foreign exchange risk is affecting actual profit and loss. - FY2021-Q2MaterialisedAnnual report
「As the Company recorded interest expense and a foreign exchange loss under non-operating expenses, among other items, ordinary loss was ¥21 million.」
A ¥19 million foreign exchange loss was recorded on a cumulative second-quarter basis as an impact of foreign exchange movements, indicating that foreign exchange risk is affecting actual profit and loss. - FY2020MaterialisedAnnual report
「With respect to ordinary income and loss, the Company recorded ¥18 million in interest and dividend income under non-operating income, and ¥30 million in interest expense and a ¥29 million foreign exchange loss under non-operating expenses, among other items. As a result, ordinary income was ¥1,022 million, compared with ¥976 million in the previous consolidated fiscal year, up 4.7%.」
A ¥29 million foreign exchange loss arising from foreign exchange movement risk was actually recorded in profit and loss for the year. - FY2020-Q3MaterialisedAnnual report
「As the Company recorded interest expense and a foreign exchange loss under non-operating expenses, among other items, ordinary income was ¥862 million, up 9.7% year on year.」
A ¥10 million foreign exchange loss was recorded as an impact of foreign exchange movements, indicating that foreign exchange risk is affecting actual profit and loss. - FY2020-Q2MaterialisedAnnual report
「As the Company recorded interest expense and a foreign exchange loss under non-operating expenses, among other items, ordinary income was ¥547 million, up 32.2% year on year.」
A ¥27 million foreign exchange loss was recorded on a cumulative second-quarter basis, indicating that foreign exchange movement risk is affecting actual profit and loss. - FY2020-Q1MaterialisedAnnual report
「As the Company recorded a foreign exchange loss under non-operating expenses, among other items, ordinary income was ¥209 million, down 11.0% year on year.」
A ¥36 million foreign exchange loss was recorded in the first quarter as an impact of foreign exchange movements, indicating that foreign exchange risk is affecting actual profit and loss. - FY2019Explicit disclosure of foreign exchange impacts, including the U.S. businessAnnual report
「天昇アメリカコーポレーション sells products in the United States, but purchases them from and sells them through its Mexican subsidiary, 天昇メキシココーポレーション, and its results may be affected by foreign exchange movements. / ¥32 million foreign exchange gain under non-operating income」
Following the conversion of 天昇アメリカコーポレーション into a consolidated subsidiary, the Company explicitly disclosed the potential foreign exchange impact, including purchases and sales through the Mexican subsidiary. A ¥32 million foreign exchange gain was recorded during the year. - FY2019-Q2Continued Foreign-Exchange GainsAnnual report
「As the Company recorded a foreign exchange gain under non-operating income and interest expense under non-operating expenses, among other items, ordinary income was ¥369 million, down 36.7% year on year.」
A ¥64 million foreign exchange gain was recorded on a cumulative second-quarter basis as an impact of foreign exchange movements. The disclosure does not state that the Company's exposure to foreign exchange itself has disappeared. - FY2019-Q1Foreign exchange gain recognizedAnnual report
「Foreign exchange gain 26」
A ¥26 million foreign exchange gain was recorded in the first quarter as an impact of foreign exchange movements. The disclosure does not state that the Company's exposure to foreign exchange itself has disappeared. - FY2018MaterialisedAnnual report
「With respect to ordinary income and loss, the Company recorded ¥20 million in interest and dividend income under non-operating income, and ¥72 million in interest expense and a ¥37 million foreign exchange loss under non-operating expenses, among other items. As a result, ordinary income was ¥1,160 million, compared with ¥1,271 million in the same period of the previous year, down 8.8%.」
An actual ¥37 million foreign exchange loss was recorded during the year in relation to foreign exchange movement risk. The potential foreign exchange impact from dependence on imported raw materials continues to be disclosed. - FY2018-Q2RestatedAnnual report
「As the Company recorded a foreign exchange gain under non-operating income and interest expense under non-operating expenses, among other items, ordinary income was ¥584 million, up 21.8% year on year.」
A foreign exchange gain was recorded as the impact of foreign exchange movements on profit and loss. The disclosure does not state that the Company's exposure to foreign exchange itself has disappeared. - FY2017RestatedAnnual report
「Because our petroleum-related raw materials are sourced through imports, they may be affected by foreign exchange movements. Tensho Plastic (Changzhou) Co., Ltd. also relies on imported raw materials, which may affect its results due to foreign exchange movements.」
The potential foreign exchange impact arising from dependence on imported resin and petroleum-related raw materials continues to be disclosed. The Company recorded a ¥76 million foreign exchange gain under non-operating income during the year. - FY2017-Q3Impact reversed from a loss to a gainAnnual report
「As the Company recorded a ¥129 million foreign exchange gain under non-operating income and a ¥14 million equity-method investment loss under non-operating expenses, among other items, ordinary income was ¥976 million, up 143.7% year on year.」
Compared with the ¥91 million foreign exchange loss recorded in the previous quarter, the cumulative third-quarter period recorded a ¥129 million foreign exchange gain, reversing the impact of foreign exchange movements on profit and loss from a loss to a gain. The disclosure does not state that the Company's exposure to foreign exchange movements itself has disappeared. - FY2017-Q2MaterialisedAnnual report
「As the Company recorded ¥91 million in foreign exchange losses and other items under non-operating expenses, ordinary income was ¥480 million, up 147.6% year on year.」
Within the foreign exchange movement risk, an actual loss of ¥91 million was incurred as a foreign exchange loss. No new disclosure was made regarding higher resin raw material prices due to crude oil prices. - FY2016First statedAnnual report
「Resin materials, one of the Group's key raw materials, may also become more expensive depending on foreign exchange movements and crude oil price trends.」
Foreign exchange and crude oil prices are cited as factors behind rising resin material prices. The Chinese subsidiary also relies on imported raw materials, and the potential impact of foreign exchange movements has been disclosed.