Fluctuations in Steel and Resin Prices
First written in FY2016. 10 of 21 entries say "Worsened", first in FY2021-Q3. Latest entry: 2026-09-04.
Hi-Lex moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 27 of 53 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2024WorsenedAnnual report
「Despite efforts to secure earnings through rationalization, including cost reductions, productivity improvements and expense cuts, operating income was ¥365 million, down 87.8% from the previous consolidated fiscal year, due to higher material and procurement costs, persistently high transportation costs, increased depreciation associated with expanded production capacity and other factors.」
Higher material and procurement costs, together with persistently high transportation costs and increased depreciation, caused operating income to fall 87.8% year on year. The impact of raw material price volatility substantially reduced full-year earnings. - FY2024-Q2RestatedAnnual report
「In North America, the company recorded an operating loss of ¥1,753 million, compared with an operating loss of ¥1,104 million in the same period of the previous year, due to persistently high production costs, including labor and material costs, despite efforts to reduce costs and improve productivity.」
Persistently high production costs, including material costs, continue to be a factor behind the operating loss in North America. - FY2024-Q1RestatedAnnual report
「Operating income and loss was an operating loss of ¥36 million, compared with an operating loss of ¥85 million in the same period of the previous year, despite the positive effect of higher capacity utilization resulting from expanded production, due to higher material costs, including foreign exchange effects on materials purchased in foreign currencies, and other factors.」
In South America, losses narrowed as a result of new mass production, while higher material costs, including foreign exchange effects on materials purchased in foreign currencies, continued to be cited as a burden on profits. - FY2023-Q3RestatedAnnual report
「Operating income and loss were affected by higher material costs resulting from surging resource and raw material prices, a sharp increase in procurement costs caused by semiconductor shortages, persistently high transportation costs due to the global container shortage and other factors, and higher labor costs resulting from worker shortages, mainly in the United States, although」
Cost increases related to resources and raw materials, semiconductor procurement, transportation and worker shortages continue to be cited as a burden on operating income and loss. Group-wide operating income improved through rationalization and other measures, but cost pressures remain. - FY2023-Q2WorsenedAnnual report
「Operating income deteriorated to an operating loss of ¥154 million, compared with an operating loss of ¥416 million in the same period of the previous year, due to the delayed effect of selling price revisions reflecting higher component costs, mainly in North America, limited labor cost reduction benefits amid rising employment costs, sluggish production by major customers in China due to semiconductor shortages and stagnation in the automotive market, increased labor costs related to lockdown measures taken before the easing of COVID-19 policies, and persistently high manufacturing costs in Japan, mainly due to higher electricity and component costs.」
In addition to higher component, electricity and labor costs, the delayed implementation of selling price revisions was explicitly cited, indicating that the impact of rising costs on profits continues. - FY2023-Q1WorsenedAnnual report
「Although the Group worked as one to reduce costs, operating income was ¥148 million, up ¥29 million, or 24.6%, year on year, due to the impact of persistently high resource and raw material prices and logistics costs, mainly as a result of global inflation, delays in passing these higher costs through to selling prices, higher labor costs caused by tight labor markets and other factors.」
In addition to persistently high resource and raw material prices, persistently high logistics costs, delays in passing costs through to selling prices and higher labor costs were all explicitly identified. Although the company pursued cost reductions, cost pressures remain. - FY2022WorsenedAnnual report
「In recent years, surging global raw material prices and higher procurement costs associated with semiconductor shortages have become new challenges. In response, the Group is working to minimize these risks by adopting alternative materials and coordinating procurement activities among Group companies.」
In addition to surging prices for raw materials such as steel and resin, higher procurement costs caused by semiconductor shortages were explicitly identified as a new challenge. Specific countermeasures, including the adoption of alternative materials and coordination among Group companies, have also been established. - FY2022-Q3WorsenedAnnual report
「The company recorded an operating loss of ¥3,282 million, compared with operating income of ¥3,285 million in the same period of the previous year, due to higher material costs resulting from surging resource and raw material prices, a sharp increase in procurement costs caused by the semiconductor shortage, persistently high transportation costs caused by the global container shortage and other factors, tight labor markets mainly in the United States, and lower production efficiency resulting from customers' plant shutdowns and production cuts.」
In addition to higher material costs, the company explicitly cited a sharp increase in semiconductor procurement costs. Together with higher transportation and labor costs and lower production efficiency, these factors caused operating income to deteriorate from a profit of ¥3,285 million in the same period of the previous year to a loss of ¥3,282 million. - FY2022-Q2WorsenedAnnual report
「The company recorded an operating loss of ¥416 million, compared with operating income of ¥3,494 million in the same period of the previous year, due to higher material costs resulting from surging resource and raw material prices, persistently high transportation costs caused by the global container shortage and other factors, and sluggish production efficiency and higher labor costs amid tight labor markets, mainly in the United States.」
Higher material costs resulting from surging resource and raw material prices, together with higher transportation and labor costs, caused operating income to deteriorate from a profit of ¥3,494 million in the same period of the previous year to an operating loss of ¥416 million. The impact of raw material price volatility has intensified further. - FY2022-Q1WorsenedAnnual report
「Operating income was ¥119 million, down ¥1,927 million, or 94.2%, year on year, due to higher material costs resulting from surging global resource and raw material prices, persistently high transportation costs caused by the global container shortage and other factors, and sluggish production efficiency and higher labor costs amid tight labor markets, mainly in the United States.」
Higher material costs resulting from surging global resource and raw material prices exceeded assumptions and, together with higher transportation and labor costs, became a factor behind the 94.2% year-on-year decline in operating income. The impact of raw material price volatility has intensified. - FY2021-Q3WorsenedAnnual report
「Although operating income increased year on year as sales recovered, it deteriorated because the effects of higher material costs, driven mainly by surging global prices for steel, non-ferrous metals and resin materials, persistently high transportation costs resulting from the global container shortage and other factors, and the sharp-than-expected deterioration from the third quarter onward in production efficiency and labor costs due to labor shortages, particularly in the United States, substantially exceeded initial assumptions. Operating income for the cumulative third quarter of the current consolidated fiscal year was therefore limited to ¥3,285 million, compared with an operating loss of ¥1,340 million in the same period of the previous year.」
The increase in material costs resulting from surging prices for steel, non-ferrous metals and resin materials has intensified from a conventional raw material price volatility risk into a substantial burden on operating income and loss, far exceeding initial assumptions. - FY2019MaterialisedAnnual report
「Operating income was ¥6,789 million, down 30.7% from ¥9,800 million in the previous consolidated fiscal year, mainly due to higher raw material costs, increased depreciation associated with expanded production capacity and other factors.」
Higher raw material costs were explicitly cited as a factor behind the decline in full-year operating income, which fell 30.7% year on year. - FY2019-Q1RestatedAnnual report
「In Asia, in addition to higher depreciation, labor and other manufacturing expenses at the new Gujarat plant of the Indian subsidiary, which began full-scale operations mainly from the previous year, the results were affected by market-driven increases in material costs in India.」
In India, market-driven increases in material costs were cited as a factor behind higher expenses, and the impact of fluctuations in the prices of raw materials such as steel and resin continues to be evident. - FY2018-Q3RestatedAnnual report
「Operating income was ¥2,953 million, down ¥891 million, or 23.2%, year on year, despite efforts to reduce costs and improve productivity, due in part to the impact of higher raw material costs and other factors.」
In North America, higher raw material costs were cited alongside efforts to reduce costs and improve productivity as a factor behind the decline in operating income. Higher raw material costs were also cited as a factor behind the decline in operating income in Japan. - FY2018-Q2MaterialisedAnnual report
「In Japan, sales to customers remained firm, resulting in revenue of ¥32,082 million, up ¥2,521 million, or 8.5%, year on year. Operating income was ¥3,311 million, down ¥66 million, or 2.0%, year on year, despite the positive impact of higher capacity utilization from increased sales, due in part to higher research and development expenses, raw material costs and other factors.」
In Japan, higher capacity utilization resulting from increased sales had a positive effect, while higher raw material costs were cited as a factor behind the decline in operating income. Higher raw material costs were also a factor in the decline in North America, confirming the impact across multiple regions. - FY2018-Q1MaterialisedAnnual report
「Operating income was ¥1,066 million, down ¥340 million, or 24.2%, year on year, despite efforts to reduce costs and improve productivity, due in part to the impact of higher raw material costs and other factors.」
In North America, higher raw material costs were cited alongside efforts to reduce costs and improve productivity, and operating income fell 24.2% year on year. The impact of raw material price volatility was reflected in the results for the quarter. - FY2017MaterialisedAnnual report
「Operating profit totaled ¥14.508 billion, down ¥2.374 billion, or 14.1%, year on year, despite efforts to secure profitability through thorough cost reductions, due also to higher raw material costs, increased depreciation expenses associated with expanded production capacity, and the recognition of goodwill amortization expenses.」
Higher raw material costs were explicitly cited, together with depreciation expenses and goodwill amortization expenses, as factors behind the decline in operating profit, which fell 14.1% year on year. - FY2016First statedAnnual report
「The purchase prices of steel and resin, the principal raw materials for the Group's products, are affected by domestic and overseas market conditions and fluctuations in foreign exchange rates.」
The company identifies as a risk the possibility that unexpected and abnormal fluctuations in the purchase prices of steel and resin caused by market conditions or foreign exchange rates could affect business results.