Negotiations to reflect major material cost increases in selling prices
First written in FY2022. 4 of 6 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2021: 40 of 73 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We are negotiating with customers to reflect increases in procurement prices for major materials, including steel and resin, in selling prices and recover the additional costs. However, customer responses vary, with some customers from whom full recovery is difficult and others for whom the recovery period is delayed.」
The company continues to negotiate with customers to pass through increases in the prices of major materials, energy and labor and to recover the related costs. Some recovery has been achieved, but full recovery remains difficult from certain customers. - FY2024AdvancedAnnual report
「We are negotiating with each customer to pass through increases in the prices of consumables, auxiliary materials, electricity and gas, in addition to major materials, and have recovered part of these increases. Next fiscal year, we will pursue negotiations to pass through increases in labor costs. Although full recovery remains difficult from some customers, we will continue persistent negotiations to recover costs appropriately.」
In addition to material costs, the company is pursuing negotiations and partial recovery of increases in the prices of consumables, auxiliary materials, electricity and gas, and states that it will expand the scope of negotiations to include labor-cost increases next fiscal year. - FY2024-Q3AdvancedAnnual report
「Net sales in this business for the nine months ended 31 December increased 13.6% year on year to ¥15,869 million. Sales increased as customer production rose following the normalization of component supplies, the pass-through of raw material costs progressed at overseas operations, and the yen value of overseas subsidiaries' sales rose because of the weaker yen, among other factors.」
The pass-through of raw-material price increases also progressed at overseas bases, and the amount passed through contributed to higher revenue in the metal-related parts business. This demonstrates specific progress from the stagnation in overseas pass-through that remained in the previous fiscal year. - FY2024-Q2AdvancedAnnual report
「Net sales in this business for the six months ended 30 September increased 14.9% year on year to ¥10,386 million. Sales increased as customer production recovered, including at overseas subsidiaries, the pass-through of material and other costs was reflected in sales, and the weaker yen increased the yen value of overseas subsidiaries' sales, among other factors.」
The pass-through of increases in material and other costs was reflected in sales and contributed to higher revenue in the metal-related parts business. The results provide more specific confirmation of the progress made in passing through price increases than in the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「In this environment, consolidated net sales increased to ¥16,119 million, up 5.2% year on year, partly because the pass-through of raw-material and other price increases added to sales. Operating profit fell sharply to ¥160 million, down 85.7% year on year, mainly because electricity and other costs rose substantially during the nine-month period, the pass-through of raw-material and other cost increases, particularly overseas, did not progress, and production efficiency declined amid production cuts.」
Although the pass-through of raw-material and other price increases contributed to higher sales, the process did not progress overseas, leaving regional differences in the recovery of higher costs. - FY2022First statedAnnual report
「We are negotiating with each customer to reflect increases in procurement prices for major materials, including steel and resin, in selling prices and recover the additional costs. However, customer responses vary, with some customers from whom full recovery is difficult and others for whom the recovery period is delayed. We will continue persistent negotiations to recover the full increase in the cost of major materials.」
The company explicitly stated that it will recover increases in the prices of major materials, including steel and resin, through negotiations to reflect them in selling prices to customers. It also noted that full recovery is difficult from some customers and that recovery may be delayed.