Risk of Earnings Downside Through the Supply Chain
First written in FY2022-Q2. 4 of 9 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2024.
New Cosmos Electric moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 9 of 16 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Meanwhile, ordinary profit was ¥4,809 million, down 23.3% year on year, and net income attributable to owners of the parent was ¥2,959 million, down 20.8%, as manufacturing costs increased due to soaring raw material and energy prices, in addition to cost increases from stepped-up advertising and sales activities and the promotion of research and development.」
Higher raw material and energy prices led to an actual increase in manufacturing costs and contributed to declines in ordinary profit and net income attributable to owners of the parent. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding downside risk to performance through the supply chain, the Company states that there have been no new developments or material changes to existing risks. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding downside risk to performance through the supply chain, the Company states that there have been no new developments or material changes to existing risks. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding downside risk to performance through the supply chain, the Company states that there have been no new developments or material changes to existing risks. - FY2023-Q3WorsenedAnnual report
「The effects of supply-side constraints and higher prices caused by the weaker yen have begun to emerge. In addition, the risk that a downturn in overseas economies caused by global monetary tightening will weigh on Japan's economy has increased, and uncertain conditions continue.」
Regarding risks through the supply chain, the Company states that the effects of supply-side constraints and higher prices caused by the weaker yen have emerged, and that the downside risk to overseas economies from global monetary tightening has also increased. - FY2023-Q2WorsenedAnnual report
「Concerns remain about the impact of supply-side constraints and higher prices caused by the weaker yen. In addition, the risk that a downturn in overseas economies caused by global monetary tightening will weigh on Japan's economy has increased, and uncertain conditions continue.」
Regarding risks through the supply chain, the Company specifies concerns about supply-side constraints, higher prices caused by the weaker yen, and a downturn in overseas economies caused by global monetary tightening. - FY2023-Q1WorsenedAnnual report
「Uncertain conditions continue, including increased downside risk from supply-side constraints, rising raw material prices, and volatility in financial and capital markets.」
Regarding downside risk through the supply chain, the Company has expanded its specific concerns to include supply-side constraints, rising raw material prices, and volatility in financial and capital markets. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the Japanese economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased, but the situation remained unpredictable, with increasing risks of a downturn resulting from supply-side constraints, trends in raw material prices and a renewed spread of infections.」
In addition to the supply-chain downside risk identified in the previous quarter, the Company specifically identifies supply-side constraints and trends in raw material prices, broadening its exposure on the supply and cost fronts. - FY2022-Q2First statedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained in a difficult situation due to the impact of COVID-19. Although there were signs of recovery resulting from progress in vaccinations, the effects of various policies and improvements in overseas economies, the situation remained unpredictable, including because of the increasing risk of a downturn caused by impacts transmitted through supply chains.」
In addition to the previously disclosed infectious disease and economic environment risks, the Company for the first time explicitly identifies the increased downside risk from supply-chain impacts as a specific new risk.