Price fluctuations in virgin resin, crude oil and foreign exchange
First written in FY2022-Q1. 1 of 3 entries say "Mitigated", first in FY2023. Latest entry: FY2024.
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- FY2024RestatedAnnual report
「Accordingly, recycled resin currently retains a pricing advantage over virgin resin. However, if the price of petroleum-derived virgin resin falls substantially below its current level due to crude oil prices or foreign exchange movements, the loss of its pricing advantage may affect the business results of the Group.」
Continues to state that recycled resin currently maintains a pricing advantage and that crude oil prices and foreign exchange movements could reverse that advantage. - FY2023MitigatedAnnual report
「Accordingly, recycled resin currently retains a pricing advantage over virgin resin. However, if the price of petroleum-derived virgin resin falls substantially below its current level due to crude oil prices or foreign exchange movements, the loss of its pricing advantage may affect the business results of the Group.」
Explicitly states that recycled resin currently maintains a pricing advantage over virgin resin, while also noting the continuing risk of price movements reversing that advantage. - FY2022-Q1First statedAnnual report
「If the price of petroleum-derived virgin resin falls below its current level due to crude oil prices or foreign exchange movements, the loss of its pricing advantage may affect the business results of the Group.」
Explains that the pricing advantage of recycled resin depends on market conditions for virgin resin.