Risk of fluctuations in steel raw material prices and steel product market conditions
First written in FY2016. 10 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-21.
Onoken moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 7 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026RestatedAnnual report
「Steel product market conditions generally remained soft under the influence of domestic and overseas supply and demand trends and raw material prices. However, with manufacturers taking a cautious approach focused on maintaining prices in anticipation of a bottoming out in demand, market conditions became broadly flat.」
The company reconfirmed the risk of market fluctuations resulting from domestic and overseas supply and demand and raw material prices, and described market conditions as having shifted from soft to broadly flat. - FY2026-H1RestatedAnnual report
「Demand for steel products continued to be sluggish, and steel market conditions remained somewhat soft as a result. Demand and market conditions are still expected to remain broadly soft for the time being.」
The company reconfirmed sluggish steel demand, soft market conditions and the expectation that conditions will remain soft going forward. - FY2025RestatedAnnual report
「Steel product market conditions gradually softened due to international market conditions and domestic supply and demand trends.」
The company reconfirmed that steel product market conditions, influenced by international markets and domestic supply and demand, were softening. - FY2025-H1WorsenedAnnual report
「Steel product market conditions remained somewhat soft due to a decline in demand and the weak trend in steel scrap market conditions, the main raw material for steel products. Demand conditions are still expected to remain broadly soft for the time being.」
Following the previous trend of prices remaining high and stable and market conditions staying flat, steel product market conditions turned softer due to declining demand and weak steel scrap market conditions. The company indicated that demand is expected to remain broadly soft going forward. - FY2024-Q3Market conditions stable at high levels and delayed demand recoveryAnnual report
「Steel product market conditions have also remained broadly flat since the beginning of the period, as raw material prices, electricity charges and other prices have tended to remain stable at high levels.」
Raw material prices and electricity charges remained stable at high levels, and steel product market conditions have been broadly flat since the beginning of the period. Demand cannot yet be described as recovering, and the need to assess market and demand trends continues. - FY2024-Q1Cautious assessment following the decline in steel scrap market conditionsAnnual report
「In addition, amid declining steel scrap market conditions, the raw material for steel products, steel-related businesses have been taking a cautious approach to assessing market trends.」
The company stated that, against a backdrop of declining steel scrap market conditions and other factors, steel-related businesses had shifted to a more cautious approach to assessing market trends. - FY2023-Q3Soft market conditions due to international price gaps and difficulty assessing the outlookAnnual report
「Prices had continued to rise under the leadership of manufacturers against a backdrop of higher production costs caused by soaring raw material prices and increases in electricity and other charges. However, as the price gap with international markets, including China, widened, market conditions recently turned softer, making the outlook difficult to assess.」
After market conditions continued to rise against a backdrop of higher raw material prices and electricity charges, they recently turned softer due to the price gap with international markets, including China, making the outlook difficult to assess. - FY2023-Q2Market upswing reaches a ceiling and outlook becomes difficult to assessAnnual report
「Steel product market conditions had continued to rise under the leadership of steel manufacturers, but further increases have been capped by the balance between domestic supply and demand, including movements in international markets. Demand is gradually expected to recover as economic activity picks up following the easing of COVID-19 measures, but the steel market environment is difficult to assess in light of international conditions.」
Steel market conditions had continued to rise, but further increases were capped by the balance between domestic supply and demand. The company stated that the outlook was difficult to assess in light of international conditions. - FY2023-Q1Decline and growing uncertainty following the sharp rise in steel market conditionsAnnual report
「Steel product market conditions had surged under the leadership of steel manufacturers due to soaring prices for iron ore, steel scrap and other raw materials, as well as higher electricity charges. More recently, however, steel scrap market conditions have declined, leaving the outlook for steel market conditions uncertain.」
The company stated that steel market conditions, which had surged against a backdrop of soaring raw material prices and higher electricity charges, had become uncertain as steel scrap market conditions recently declined. - FY2022WorsenedAnnual report
「In addition, steel product market conditions rose sharply and consistently, led by manufacturers, due to rising raw material prices and the yen's depreciation. It was a year in which the company struggled to pass higher purchase prices on to selling prices.」
Rising raw material prices and the yen's depreciation caused market conditions to rise sharply, making it a challenge to pass higher purchase prices on to selling prices. - FY2022-Q3WorsenedAnnual report
「Looking ahead, a rapid early recovery in domestic demand is difficult to foresee, and with overseas demand and market trends also difficult to assess, steel market conditions remain uncertain.」
Steel market conditions remained firm against a backdrop of persistently high raw material prices, while the early recovery of domestic demand was difficult to foresee and overseas demand and market conditions were also difficult to assess, increasing uncertainty about the outlook. - FY2022-Q2RestatedAnnual report
「Steel product market conditions have surged as rising prices for iron ore, steel scrap and other raw materials continued alongside the recovery in overseas economic activity, moving in line with international markets under the leadership of steel manufacturers. In addition, as overseas demand increased, some steel products, including construction materials, became scarce in Japan, making it difficult to assess future demand trends, steel market conditions and delivery timing for medium- to long-term projects.」
Steel market conditions remain elevated against a backdrop of rising raw material prices, while shortages of some products persist. The difficulty of assessing demand, market conditions and delivery timing for medium- to long-term projects was reconfirmed. - FY2022-Q1WorsenedAnnual report
「Steel product market conditions have surged, led by steel manufacturers and pulled higher by international markets, as prices of iron ore, steel scrap and other raw materials for steel products soared alongside the recovery in overseas economic activity. In addition, recovering demand, particularly from export-related industries, has caused a sense of shortages for some steel products, making it extremely difficult to assess future demand trends and steel market conditions.」
The market shifted from a downturn to a sharp upswing in steel market conditions, driven by soaring iron ore and steel scrap prices. The company stated that sharp changes in raw material prices and market conditions, together with shortages of some products, made future trends difficult to assess. - FY2021-Q3Sharp rise in raw material prices and growing momentum for price increases following the market downturnAnnual report
「In the steel product sales business, steel product market conditions had been declining in the first half of the period due to sluggish demand and falling prices for steel scrap, the raw material. From the latter half of the period, although a recovery in demand was difficult to foresee, steel scrap market conditions surged along with the recovery of the Chinese economy, manufacturers raised their selling prices accordingly, and momentum for price increases in the steel distribution market grew sharply.」
Although a recovery in demand remained difficult to foresee, market conditions shifted from a decline in the first half of the period to a sharp rise in steel scrap prices, higher manufacturers' selling prices and growing momentum for price increases in the distribution market in the second half. - FY2021-Q2Recovery trend following the market downturnAnnual report
「In the steel product sales business, market conditions had been declining due to sluggish demand and falling prices for steel scrap, the raw material. From the latter half of the period, however, demand began to recover and steel scrap prices rose, resulting in firmer market conditions in the distribution market, led by manufacturers.」
Although market conditions continued to decline amid sluggish demand and falling steel scrap prices, the distribution market turned firmer in the latter half of the period against a backdrop of recovering demand and rising raw material prices. - FY2021-Q1WorsenedAnnual report
「Revenue was ¥46,237 million, down 15.5% year on year, due to lower sales volumes and declining market conditions in the steel product sales business, as well as fewer completed construction projects in the construction contracting business. In terms of earnings, lower revenue and declining profit margins in the steel product sales business were the main factors, resulting in operating profit of ¥689 million, down 44.0% year on year, ordinary profit of ¥765 million, down 40.6%, and quarterly net income attributable to owners of the parent of ¥498 million, down 43.7%.」
Falling steel product market conditions and lower sales volumes were reflected in a more substantial year-on-year decline in revenue and profit, including a 15.5% drop in revenue and a 44.0% drop in operating profit. - FY2020MaterialisedAnnual report
「Regarding business performance, signs of an economic peak, particularly in urban areas, became apparent, and steel product market conditions began to weaken in the second half of the fiscal year. As a result, consolidated revenue for the fiscal year was ¥229,290 million, down 1.2% from the previous fiscal year, due to lower sales volumes in the steel product sales business. In terms of earnings, weaker steel product market conditions reduced profit margins, resulting in operating profit of ¥6,360 million, down 4.1%, ordinary profit of ¥6,527 million, down 2.3%, and net income attributable to owners of the parent of ¥4,416 million, down 5.3%.」
The soft trend in steel product market conditions and lower profit margins were reflected in full-year declines in revenue and profit. - FY2020-Q3MaterialisedAnnual report
「As steel product market conditions remained soft and steel product profit margins declined, operating profit was ¥4,068 million, down 10.9% year on year, ordinary profit was ¥4,223 million, down 10.2%, and quarterly net income attributable to owners of the parent was ¥2,820 million, down 12.1%.」
Soft steel market conditions and lower profit margins were reflected in actual declines in operating profit, ordinary profit and quarterly net income attributable to owners of the parent. - FY2020-Q2WorsenedAnnual report
「Sluggish demand resulting from growing uncertainty about the outlook for export-related industries became apparent, while the domestic steel market remained soft under the impact of falling steel product market conditions in international markets. Against this backdrop, the company actively worked to secure earnings.」
Sluggish export-related demand became apparent, and domestic steel market conditions also remained soft following the decline in international market conditions. The adverse impact of steel market fluctuations became more concrete than in the previous quarter. - FY2020-Q1MaterialisedAnnual report
「New projects declined due to seasonal effects at the beginning of the fiscal year, and steel market conditions have recently remained soft amid sluggish demand. Against this backdrop, the company actively worked to secure earnings.」
The company stated that steel market conditions remained soft due to fewer new projects and sluggish demand. On a year-on-year basis, however, company-wide revenue increased, owing in part to rising steel product market conditions. - FY2019MaterialisedAnnual report
「Although revenue increased, profit margins declined due to increased price pressure from manufacturers, higher logistics and labor costs, and higher provision expenses for doubtful accounts. Operating profit was ¥6,632 million, down 5.0% from the previous fiscal year, ordinary profit was ¥6,680 million, down 7.1%, and net income attributable to owners of the parent was ¥4,664 million, down 7.2%.」
The impact of the cost environment, including rising steel product market conditions and purchase prices, was reflected in lower profit margins and lower profit for the full fiscal year. - FY2019-Q3RestatedAnnual report
「Revenue for the third quarter cumulative period was ¥169,055 million, up 15.3% year on year, due to higher sales volumes and rising steel product market conditions in the steel product sales business compared with the previous fiscal year.」
Rising steel product market conditions and higher sales volumes continued to be cited as factors driving revenue growth. No new disclosures or material changes were indicated regarding the risk of market fluctuations. - FY2019-Q2RestatedAnnual report
「Revenue for the second quarter cumulative period was ¥108,148 million, up 16.4% year on year, due to higher sales volumes and rising steel product market conditions in the steel product sales business compared with the previous fiscal year.」
The company continued to state that fluctuations in steel product market conditions affected sales volumes and revenue. This time, rising market conditions and higher sales volumes contributed to revenue growth. - FY2019-Q1MaterialisedAnnual report
「Revenue was ¥51,880 million, up 19.1% year on year, mainly due to higher sales volumes and rising steel product market conditions in the steel product sales business.」
Rising steel product market conditions, together with higher sales volumes, were reflected in performance as factors driving revenue growth, confirming the continuing impact of market fluctuations. - FY2018MaterialisedAnnual report
「Revenue for the consolidated fiscal year was a record ¥203,151 million, up 15.2% from the previous fiscal year, due to rising steel product market conditions and higher sales volumes.」
Rising steel product market conditions and higher sales volumes were reflected in actual revenue growth, resulting in record revenue. The impact of market fluctuations was reflected in performance for the fiscal year. - FY2018-Q3RestatedAnnual report
「For the nine-month period of the third quarter of the current consolidated fiscal year, revenue increased to ¥146,678 million, up 17.2% year on year, due to higher steel material market prices, increased sales volume and higher construction revenue.」
As in the previous quarter, the company stated that fluctuations in steel product market conditions affected sales volumes and revenue. This time, rising market conditions and higher sales volumes contributed to revenue growth. - FY2018-Q2MaterialisedAnnual report
「Revenue for the second quarter cumulative period was ¥92,880 million, up 15.8% year on year, due to higher sales volumes and rising steel product market conditions in the steel product sales business compared with the previous fiscal year.」
Fluctuations in steel product market conditions were reflected in performance, with rising market conditions and higher sales volumes contributing to revenue growth in the quarter. The business and other risks section stated that there were no new risks or material changes. - FY2017-Q3MaterialisedAnnual report
「Regarding business performance, consolidated revenue for the third quarter cumulative period was ¥125,174 million, down 12.5% year on year, due to declining steel product market conditions, lower sales volumes and lower construction revenue compared with the previous fiscal year.」
Falling steel product market conditions and lower sales volumes, together with lower construction revenue, continued to be reflected in the decline in revenue for the third quarter cumulative period. - FY2017-Q2MaterialisedAnnual report
「Revenue in the steel product sales business was ¥80,227 million, down 13.7% year on year, due to lower sales volumes and declining steel product market conditions.」
Falling steel product market conditions and lower sales volumes continued to be reflected in the decline in revenue for the second quarter cumulative period. - FY2017-Q1MaterialisedAnnual report
「Regarding business performance, consolidated revenue for the first quarter cumulative period was ¥38,006 million, down 15.0% year on year, due to lower sales volumes and declining steel product market conditions in the steel product sales business, as well as lower completed construction revenue in the construction contracting business.」
Falling steel product market conditions and lower sales volumes were reflected in the actual decline in revenue. Revenue fell 15.0% year on year. - FY2016First statedAnnual report
「As fluctuations in the prices of iron ore, coal, steel scrap and other steel raw materials affect steel product market conditions, the steel distribution industry in which the company operates may face significant management impacts, including sales credit risk and increased inventory financing costs when market conditions rise, as well as losses on inventory sales and inventory valuation losses when market conditions decline」
The company identifies credit risk and financing costs during market upswings, and losses on inventory sales and inventory valuation losses during market downturns, as major management risks. Its performance analysis stated that falling steel product market conditions reduced revenue.