Earnings pressured by higher fixed-cost burdens and surging energy costs
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2022: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the business environment for domestic and overseas truck and construction machinery operations remained uncertain. Although shortages of semiconductors and other parts were improving, the yen's depreciation and concerns about a global economic downturn persisted.」
Although parts shortages had begun to ease, uncertainty in the earnings environment continued due to the yen's depreciation and concerns about an economic downturn. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the business environment for domestic and overseas truck and construction machinery operations remained uncertain. Although shortages of semiconductors and other parts were improving, raw material prices and energy costs remained elevated, while sharp currency fluctuations and concerns about a global economic downturn persisted.」
Raw material prices and energy costs remained elevated, and sharp foreign exchange fluctuations continued. Although parts shortages had begun to ease, uncertainty in the earnings environment persisted. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the business environment for domestic and overseas truck and construction machinery operations remained uncertain. Parts supply constraints continued due to China's lockdowns, the semiconductor shortage and logistics disruptions, while energy costs and raw material prices remained elevated because of conditions in Europe, alongside sharp currency fluctuations.」
Energy costs and raw material prices remained elevated or continued to rise, and, together with parts supply constraints and foreign exchange fluctuations, remained sources of uncertainty in the business environment. - FY2023-Q2RestatedAnnual report
「As a result, results for the cumulative second quarter of the current consolidated fiscal year were affected by the yen's rapid depreciation, higher raw material prices, soaring energy costs and other factors. Revenue was ¥87,536 million, up 15.9% year on year, and operating income was ¥5,016 million, down 8.3% year on year.」
Higher raw material prices and soaring energy costs continued to affect results, and operating income decreased year on year despite higher revenue. - FY2023-Q1First statedAnnual report
「As production activities contracted sharply, primarily at domestic locations, the Group promoted changes to its operating structure and rationalization activities, but was significantly affected by higher fixed-cost burdens and surging energy costs.」
It was stated that the higher fixed-cost burden resulting from reduced production activity at domestic sites and soaring energy costs had a significant actual impact on results for the quarter.