Higher costs from persistently high utility expenses
First written in FY2023-Q1. 3 of 5 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2022: 8 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「In terms of profit, although challenging business conditions continued due to soaring material and component prices and energy costs, including electricity, operating profit improved by ¥721 million to ¥651 million and ordinary profit increased by ¥677 million to ¥728 million as a result of continued cost-reduction initiatives such as improving manufacturing process efficiency and cutting fixed costs.」
While soaring energy costs, including electricity, continue to pose a challenging business environment, the company has improved profitability by advancing manufacturing process efficiency and reducing fixed costs. - FY2024-Q1RestatedAnnual report
「In terms of profitability, although the challenging business environment, including soaring energy costs such as electricity charges, continues, we have continued to pursue cost reduction activities, including improving manufacturing process efficiency and reducing fixed costs.」
Soaring energy costs, including electricity charges, continue to be cited as part of the challenging business environment. Meanwhile, the company continues to improve manufacturing process efficiency and reduce fixed costs. - FY2023-Q3RestatedAnnual report
「Although cost increases have resulted from soaring utility costs, persistently high aluminum and steel prices and logistics costs, and deteriorating production efficiency due to the expansion of production adjustments caused by parts shortages,」
Soaring utility expenses continue to be cited as a factor driving costs higher. Meanwhile, operating profit improved through efficient production, cost reduction activities and other measures. - FY2023-Q2WorsenedAnnual report
「In terms of profit, although cost-reduction and rationalization initiatives continued, operating income deteriorated by ¥94 million from the same quarter of the previous year, resulting in a loss of ¥69 million due to higher costs accompanying surging utility expenses, persistently high aluminum and steel prices and logistics costs, and deteriorating production efficiency resulting from the spread of production adjustments caused by parts shortages.」
The previous expression, “persistently high utility expenses,” has this time been changed to “soaring utility expenses,” while higher costs continue to be cited as a factor behind the operating loss. - FY2023-Q1First statedAnnual report
「Cost increases resulting from elevated aluminum and steel prices and utility costs」
Separate from raw material price risk, higher costs resulting from persistently high utility expenses were identified for the first time as a factor behind the operating loss.