Raw Material Price Volatility Driven by Crude Oil Prices and Foreign Exchange Rates

「Net sales increased year on year to ¥12,541 million, up 12.8%, due to growth in products for vehicle models whose mass production began in the second half of the previous fiscal year and the pass-through of increases in raw material prices resulting from the situation in the Middle East, among other factors.」

「Overseas, in addition to sharp fluctuations in resource and energy prices due to the situation in the Middle East, the global economy has become unstable and difficult to forecast due to the impact of U.S. trade policies, the stagnation of domestic demand in China, and other factors.」

「In terms of profit and loss, although raw material prices rose due to the situation in the Middle East and we worked to reduce costs and expenses, the timing of reflecting the price increases in selling prices was delayed, among other factors. Operating income was ¥33 million, down 24.1% year on year, and ordinary income was ¥12 million, down 68.9%.」

「Supply chain risks have materialized, including tight supplies and price increases for naphtha-derived materials due to the impact of the situation in the Middle East.」

「The company worked to pass increases in material, labor and other costs through to selling prices and pursued cost reductions, resulting in operating profit of ¥505 million, compared with an operating loss of ¥422 million in the previous fiscal year.」

「In terms of profit and loss, the company worked to pass higher costs, including material and labor costs, through to selling prices and to reduce costs, resulting in operating income of ¥72 million (an operating loss of ¥268 million in the same period of the previous year) and ordinary income of ¥39 million (an ordinary loss of ¥262 million in the same period of the previous year).」

「In terms of profit and loss, because passing higher raw material and energy prices, processing costs and other cost increases through to selling prices has taken time, and because sales to Japanese customers in China declined, among other factors, the company posted an operating loss of ¥296 million (an operating loss of ¥86 million in the same quarter of the previous year) and an ordinary loss of ¥302 million (an ordinary loss of ¥148 million in the same quarter of the previous year).」

「In terms of profit and loss, because passing higher raw material and energy prices, processing costs and other cost increases through to selling prices has taken time, and because orders in China declined, among other factors, the company posted an operating loss of ¥268 million (an operating loss of ¥164 million in the same quarter of the previous year) and an ordinary loss of ¥262 million (an ordinary loss of ¥251 million in the same quarter of the previous year).」

「In terms of profit and loss, because passing higher raw material prices and energy costs through to selling prices has taken time, among other factors, the company posted an operating loss of ¥154 million (an operating loss of ¥140 million in the same quarter of the previous year) and an ordinary loss of ¥158 million (an ordinary loss of ¥159 million in the same quarter of the previous year).」

「In the automotive industry in which the group operates, disruption to supply networks caused by China's COVID-19 policies is easing, but automobile production adjustments due to shortages of parts, including tight semiconductor supply and demand, are continuing, as are surging raw material and energy prices, transportation costs and other costs. The outlook therefore remains uncertain. In terms of profit and loss, although the company worked to offset the impact of fluctuations in production volumes and surging raw material prices and energy costs through cost reductions, revisions to selling prices and other measures, it reported an operating loss of ¥86 million.」

「Despite efforts to recover through cost reductions and selling price revisions in response to lower orders caused by automobile production adjustments and the impact of surging raw material prices and energy costs, the company posted an operating loss of ¥164 million (operating income of ¥177 million in the same quarter of the previous year), an ordinary loss of ¥251 million (ordinary income of ¥162 million in the same quarter of the previous year), and a quarterly net loss attributable to owners of the parent of ¥190 million (quarterly net income attributable to owners of the parent of ¥124 million in the same quarter of the previous year).」

「Foreign exchange losses — 29,236」

「In the automotive industry to which our group belongs, production has declined due to the impact of semiconductor shortages and parts supply constraints associated with the spread of infections, while rising raw-material prices and continued disruption to logistics networks have left the outlook uncertain.」

「In the automotive industry in which the group operates, production has declined due to the impact of semiconductor shortages and disruptions in the supply of parts from Southeast Asia. With higher raw material prices and disruptions to logistics networks also present, the outlook remains uncertain.」

「In the automotive industry to which our group belongs, production has declined due to semiconductor shortages and disruptions in parts supplies from Southeast Asia, while rising raw-material prices and logistics costs have left the outlook uncertain.」

「Foreign exchange gains 1,571 5,448」

「Foreign exchange losses 1,328 613」

「Foreign exchange losses 718 —」

「Foreign exchange gains — 1,571」

「Foreign exchange losses　—　2,797」

「Foreign exchange loss - 1,328」

「Foreign exchange loss - 718」

「Foreign exchange losses 5,022 2,704」

「Foreign exchange losses 13,722 —」

「Foreign exchange losses 12,763 —」

「Ordinary profit was ¥63 million, down 21.7% from the same quarter of the previous year, mainly due to a reduction in foreign exchange losses.」

「Ordinary profit was ¥309 million, compared with ordinary loss of ¥69 million in the previous fiscal year, mainly due to a reduction of ¥185 million in foreign exchange losses. This was attributable in part to progress in collecting yen-denominated intercompany loans to overseas subsidiaries, which were a primary source of the foreign exchange losses and valuation losses.」

「Ordinary profit was ¥297 million, compared with ordinary loss of ¥236 million in the same quarter of the previous year, mainly due to a reduction of ¥288 million in foreign exchange losses.」

「Ordinary profit was ¥175 million, compared with ordinary loss of ¥295 million in the same quarter of the previous year, mainly due to a reduction of ¥274 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities.」

「Ordinary profit was ¥81 million, compared with ordinary loss of ¥216 million in the same quarter of the previous year, mainly due to a reduction of ¥108 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities.」

「Operating profit was ¥143 million, as the effects of reduced domestic automobile production following the Kumamoto Earthquake and other events, and lower selling prices accompanying the decline in crude oil prices, were offset through cost reductions, profit improvement initiatives and other measures. Ordinary loss was ¥69 million, mainly due to the recognition of ¥199 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities, including yen-denominated assets and liabilities of overseas subsidiaries, compared with ¥139 million in foreign exchange losses in the previous fiscal year.」

「Ordinary loss was ¥236 million, compared with ordinary profit of ¥15 million in the same quarter of the previous year, mainly due to the recognition of ¥302 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities, including yen-denominated assets and liabilities of overseas subsidiaries.」

「Ordinary loss was ¥295 million, compared with ordinary profit of ¥36 million in the same quarter of the previous year, mainly due to the recognition of ¥287 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities, including yen-denominated assets and liabilities of overseas subsidiaries.」

「Ordinary loss was ¥216 million, compared with ordinary loss of ¥27 million in the same quarter of the previous year, mainly due to the recognition of ¥123 million in foreign exchange losses, including valuation losses on foreign-currency-denominated assets and liabilities, including yen-denominated assets and liabilities of overseas subsidiaries.」

「The group's operating results and other aspects of its performance may be affected by higher raw material procurement costs or lower product selling prices resulting from fluctuations in crude oil prices, foreign exchange rates and other factors.」