Risk of Persistently High Market Prices for Automotive Steel Sheets
First written in FY2017. 2 of 4 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2023.
Yorozu moved to the "Worse" side of this theme in 2022, 1 year after 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".
- FY2023MaterialisedAnnual report
「Revenue increased 26.1% from the previous period to ¥160,560 million, due to higher steel prices and the translation impact of the weaker yen.」
Higher prices for automotive steel sheets and other steel materials continued as a business-environment factor during the fiscal year, contributing to higher revenue while also being identified as a factor behind higher costs. - FY2023-Q2RestatedAnnual report
「Under these conditions, Group revenue increased 19.8% year on year to ¥71,966 million, due to higher steel prices and the translation impact of the weaker yen, despite an overall decline in production.」
Higher steel prices continued as an actual business-environment factor and, together with the weaker yen's translation impact, contributed to higher revenue. - FY2023-Q1MaterialisedAnnual report
「Although production volume generally declined, revenue increased 9.8% year on year to ¥33,712 million, due to higher steel prices and the translation impact of the weaker yen.」
Higher automotive steel-sheet prices emerged as an actual business-environment factor and contributed to higher revenue, while rising prices were also identified as a factor behind the operating loss. - FY2017First statedAnnual report
「Automotive parts, the Group's main products, use automotive steel sheets as raw materials. Prices in the international market for automotive steel sheets have a significant impact, and after rising sharply since 2004, they have remained elevated.」
The continued elevation of international market prices for automotive steel sheets after their rise is identified as a risk that could affect business performance.