Earnings pressure from higher raw material prices and logistics costs
First written in FY2022-Q2. 4 of 10 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2022: 8 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「(Europe) While the overall automotive market remained sluggish due to continued inflation and other factors, improvement initiatives steadily progressed. In addition, the impact of passing higher material costs through to selling prices and the yen's depreciation resulted in net sales of ¥96,054 million, up 9.8% year on year, and segment profit of ¥145 million, compared with a segment loss of ¥3,401 million in the previous consolidated fiscal year.」
Amid continued cost pressures from inflation and other factors, the European business turned from a loss in the previous fiscal year to a profit of ¥145 million due to passing higher material costs through to selling prices and improvement initiatives. - FY2024-Q3MitigatedAnnual report
「(Europe) Despite continuing inflation, revenue was ¥71,033 million, up 12.2% year on year, reflecting the pass-through of higher material costs to selling prices and the impact of the weaker yen. The segment posted a profit of ¥332 million, compared with a loss of ¥2,446 million in the same period of the previous year.」
Although inflation has continued, the European segment turned from a loss in the same period of the previous year to a profit due in part to passing higher material costs through to selling prices, reducing the impact of higher costs on earnings during the period. - FY2024-Q2MitigatedAnnual report
「(Europe) Despite continuing inflation, revenue was ¥48,618 million, up 14.3% year on year, reflecting the pass-through of higher material costs to selling prices and the impact of the weaker yen. The segment loss was ¥9 million, compared with a loss of ¥1,074 million in the same period of the previous year.」
Although inflation has continued, the European segment loss narrowed from ¥1,074 million in the same period of the previous year to ¥9 million due in part to passing higher material costs through to selling prices, substantially reducing the impact of earnings pressure. - FY2024-Q1MitigatedAnnual report
「(Europe) Despite continuing inflation, revenue was ¥24,620 million, up 18.3% year on year, reflecting the pass-through of higher material costs to selling prices and the impact of the weaker yen. The segment loss was ¥344 million, compared with a loss of ¥1,001 million in the same period of the previous year.」
Although inflation has continued, the European loss has narrowed from the same period of the previous year due in part to passing higher material costs through to selling prices, indicating some reduction in the impact of earnings pressure. - FY2023WorsenedAnnual report
「Although efforts were made to improve the cost structure, sharp production fluctuations and inflation reduced consolidated operating income to ¥7,677 million, down 8.7% year on year, and consolidated ordinary income to ¥7,030 million, down 25.5%.」
Sharp production fluctuations and inflation pressured earnings, with the impact becoming evident in lower operating income and ordinary income. - FY2023-Q2WorsenedAnnual report
「In addition to geopolitical factors in Europe, inflation in steel, energy, freight and other costs has continued, and uncertainty over the outlook for the global economy has increased further, including as a result of the yen's rapid depreciation.」
The risk from higher raw material and logistics costs is continuing, compounded by higher energy and freight costs, geopolitical factors in Europe and the yen's rapid depreciation. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year (1 April 2022 to 30 June 2022), the Company continued to be forced to respond flexibly to substantial production fluctuations amid the situation between Russia and Ukraine and restrictions on economic activity in China. The outlook also remained uncertain, including trends in global inflation.」
Global inflationary trends are identified as a continuing external environmental factor, and the risk of earnings pressure, including from higher raw material and logistics costs, persists. - FY2022WorsenedAnnual report
「In addition to continued inflation in steel, energy, freight and other costs, the impact of the situation between Russia and Ukraine has made the outlook uncertain.」
The risk from higher raw material and logistics costs has expanded beyond steel to energy and freight, with geopolitical factors also coming into play. - FY2022-Q3MaterialisedAnnual report
「Global inflationary trends, including steel prices and logistics costs, have begun to become evident.」
The increase in raw material prices and logistics costs identified as a headwind in the previous quarter has emerged in the actual business environment as global inflationary trends have become evident. - FY2022-Q2First statedAnnual report
「The upward trend in raw material prices, including steel prices, and logistics costs was also a headwind.」
The increase in raw material prices and logistics costs is identified separately for the first time as a business headwind alongside semiconductor shortages and production volatility.