Fluctuations in Product and Raw Material Prices and Rental Asset Prices

「In the Construction Machinery business, conditions remained difficult. In addition to continued weak purchasing appetite resulting from elevated product prices, the business was affected by declining demand for public- and private-sector construction work and a shortage of construction machinery operators.」

「In addition to continued sluggish purchasing sentiment due to persistently high product prices, the business remained in a difficult environment owing to declining public- and private-sector construction demand and shortages of construction machinery operators.」

「In the Construction Machinery business, conditions remained difficult because of continued weak purchasing appetite resulting from elevated product prices and declining demand for public- and private-sector construction work,」

「Continued increases in crude oil and raw material prices could raise procurement costs. If these increases cannot be passed on to selling prices because of intensified competition and other factors, they could materially affect the Company's financial position, operating results and cash flows.」

「The outlook remains uncertain because of continued soaring global resource and raw material prices, the ongoing depreciation of the yen, concerns over an economic downturn resulting from the slowdown in the global economy and heightened geopolitical risks associated with conflicts continuing in various parts of the world.」

「While difficult conditions continued, product price increases caused by soaring resource prices and the resulting decline in purchasing appetite also persisted,」

「On the other hand, the outlook remains uncertain because of continued increases in raw material and fuel prices, ongoing global monetary tightening and concerns over downside risks in overseas economies, including China.」

「On the other hand, the outlook remained uncertain, with soaring global resource and raw material prices and the depreciation of the yen continuing,」

「On the other hand, uncertainty over the outlook remained, owing to soaring global raw material and resource prices, the slowdown in the Chinese economy and the prolonged impact of Russia's invasion of Ukraine.」

「In the Construction Machinery business, conditions remained unstable. The impact of extended lead times for construction machinery and industrial vehicles caused by component shortages continued, while price increases driven by soaring resource prices became more widespread,」

「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained unstable. Although economic activity was gradually normalizing while measures were taken to prevent COVID-19 infections, this was offset by rising geopolitical risks, soaring raw material and fuel prices, sharp foreign-exchange movements triggered by US rate hikes, and weaker personal consumption due to rising prices.」

「However, Japan's economy remained in an uncertain situation, owing to escalating tensions surrounding Ukraine, soaring resource prices, rising inflation, higher interest rates in Europe and the United States, and the ongoing depreciation of the yen.」

「While difficult conditions continued, including weak demand associated with the COVID-19 pandemic, delivery delays and declines in used machinery prices,」

「We also worked to negotiate selling prices in order to pass higher manufacturing costs on to customers.」

「Continued increases in crude oil and raw material prices could raise procurement costs. If these increases cannot be passed on to selling prices because of intensified competition and other factors, they could materially affect the Company's financial position and operating results.」

「Continued increases in crude oil and raw material prices could raise procurement costs. If these increases cannot be passed on to selling prices because of intensified competition and other factors, they could materially affect the Company's financial position and operating results. In the Construction Machinery business, the Company rents out mainly general civil engineering machinery. If market fluctuations in rental assets raise purchase prices, fixed costs such as depreciation expenses will increase, potentially materially affecting the Company's financial position and operating results.」

「Continued increases in crude oil and raw material prices could raise procurement costs. If these increases cannot be passed on to selling prices because of intensified competition and other factors, they could materially affect the Company's financial position and operating results. In the Construction Machinery business, the Company rents out mainly general civil engineering machinery. If market fluctuations in rental assets raise purchase prices, fixed costs such as depreciation expenses will increase, potentially materially affecting the Company's financial position and operating results.」

「However, because demand recovery was slower than expected in both the public and private sectors, revenue was ¥213 million, down 7.5% year on year, but persistent efforts to negotiate selling prices resulted in segment profit of ¥17 million, up 93.9% year on year.」

「Continued increases in crude oil and raw material prices could raise procurement costs. If these increases cannot be passed on to selling prices because of intensified competition and other factors, they could materially affect the Company's financial position and operating results.」