Risks associated with fluctuations in product and raw material prices, exchange rates, and conditions in sourcing countries
First written in FY2016. 15 of 32 entries say "Materialised", first in FY2019-Q1. Latest entry: 2026-11-10.
Shimojima moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 41 of 74 companies on the "Worse" side.
14 other companies' latest entry also says "Worsened".
- FY2026-H1MitigatedAnnual report
「Raw material prices also remained stable, resulting in higher gross profit.」
Raw material prices, which had depressed profit through the previous fiscal year, remained stable during the interim period, contributing to higher gross profit. - FY2025MaterialisedAnnual report
「In terms of profit, although sales remained solid, gross margins declined as the weaker yen and elevated raw material prices persisted throughout the year, and gross profit remained sluggish.」
The weaker yen and elevated raw material prices affected full-year results through lower gross margins and sluggish growth in gross profit. - FY2025-H1MaterialisedAnnual report
「In terms of profit, the gross margin declined due to the weaker yen and higher raw material prices, among other factors, resulting in lower gross profit. In addition, higher selling, general and administrative expenses, including personnel expenses, contributed to year-on-year declines in operating profit, ordinary profit and interim net income attributable to owners of the parent.」
The weaker yen and higher raw material prices affected interim results through lower gross margins and lower gross profit. - FY2024MaterialisedAnnual report
「However, the economic outlook remains uncertain due to inflation caused by surging raw material and energy prices, heightened geopolitical risks, and wider fluctuations in interest rates and foreign exchange rates.」
Raw material and energy prices, geopolitical risks, and fluctuations in interest rates and foreign exchange rates continue as actual sources of uncertainty in the operating environment. - FY2024-Q3MaterialisedAnnual report
「During the first 9 months of the fiscal year, economic activity gradually recovered as the government eased restrictions on activities related to COVID-19. However, the economic outlook remains uncertain due to inflation caused by surging raw material and energy prices, heightened geopolitical risks, and wider fluctuations in interest rates and foreign exchange rates.」
Surging raw material and energy prices, geopolitical risks, and wider fluctuations in interest rates and foreign exchange rates continue to be described as actual sources of uncertainty in the operating environment. - FY2024-Q2MaterialisedAnnual report
「However, the impact on the future economy remains uncertain because energy and raw material prices are fluctuating worldwide and wider interest rate fluctuations are causing foreign exchange rates to move in one direction.」
Unstable energy and raw material prices and foreign exchange fluctuations resulting from interest rate movements continue to be sources of uncertainty for the economic outlook. - FY2024-Q1MaterialisedAnnual report
「However, in addition to heightened geopolitical risks, numerous uncertainties exist worldwide, including persistently high energy and raw material prices and wider fluctuations in foreign exchange rates and interest rates, leaving the economic outlook uncertain.」
Persistently high raw material and energy prices and wider fluctuations in foreign exchange rates and interest rates continue, together with geopolitical risks, as actual sources of uncertainty in the operating environment. - FY2023-Q3MaterialisedAnnual report
「In addition to heightened geopolitical risks, numerous uncertainties exist worldwide, including persistently high energy and raw material prices and wider fluctuations in foreign exchange rates and interest rates, leaving the outlook uncertain.」
In addition to persistently high raw material prices, energy prices and wider fluctuations in foreign exchange rates and interest rates continue to emerge as specific sources of uncertainty in the operating environment. - FY2023-Q2MaterialisedAnnual report
「The review of selling prices in response to higher costs resulting from persistently high raw material prices and substantial yen depreciation also contributed to the increase in sales.」
It states that persistently high raw material prices and substantial yen depreciation actually affected results through higher costs, making a review of selling prices necessary. - FY2023-Q1MaterialisedAnnual report
「In terms of profit, the gross margin declined due to higher costs, but gross profit increased year on year as a result of sales growth. In addition, selling, general and administrative expenses, including logistics costs, increased, resulting in an operating loss, although the loss improved year on year.」
Higher costs actually affected business results through a lower gross margin, while increased logistics and other costs led to higher selling, general and administrative expenses. - FY2022MaterialisedAnnual report
「In terms of profit, the gross margin declined and gross profit decreased due to the impact of elevated raw material prices and the rapid depreciation of the yen.」
Elevated raw material prices and yen depreciation actually materialized in the form of a lower gross margin and reduced gross profit. - FY2022-Q3MaterialisedAnnual report
「In terms of profit, the gross margin declined and gross profit decreased as the impact of elevated raw material prices and yen depreciation continued.」
Elevated raw material prices and yen depreciation actually affected business results by reducing the gross margin and gross profit. - FY2022-Q2MaterialisedAnnual report
「In terms of profit, gross profit declined because the gross margin fell due to lower sales and higher raw material prices, among other factors.」
For the raw material price risk for which countermeasures were described in the previous fiscal year, higher raw material prices actually resulted in a lower gross margin and reduced gross profit. - FY2021MitigatedAnnual report
「We are working to reduce these risks through the use of forward foreign exchange contracts and options, among other measures.」
As measures to address foreign exchange risk, it explicitly identifies the use of forward foreign exchange contracts and options in addition to the diversification of procurement sources used previously. - FY2020MitigatedAnnual report
「We are diversifying these risks by developing new materials, including biomass-based materials, and diversifying our sources of procurement.」
It explicitly identifies the development of new materials and the diversification of procurement sources as measures to address raw material price and procurement-country risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2020-Q2MitigatedAnnual report
「In terms of profit, the gross margin on major products increased during the first 6 months of the fiscal year due to the impact of lower raw material prices.」
It states that lower raw material prices, which had weighed on profit through the previous fiscal year, led to higher gross margins on major products. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2019-Q3MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level because the significant impact of higher raw material prices during the first half reduced gross profit and logistics costs, which accounted for most of the increase in selling, general and administrative expenses, increased.」
Higher raw material prices actually weighed on profit by reducing gross profit. - FY2019-Q2MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level because higher raw material prices reduced gross profit and logistics costs, which accounted for most of the increase in selling, general and administrative expenses, increased.」
Higher raw material prices actually reduced gross profit, while higher logistics costs increased selling, general and administrative expenses, weighing on profit. - FY2019-Q1MaterialisedAnnual report
「In terms of profit, results were substantially below the previous year’s level due to higher raw material prices and increased logistics costs included in selling, general and administrative expenses, among other factors.」
It states that higher raw material prices actually weighed on profit. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2017RestatedAnnual report
「Purchase prices may be affected by market conditions for synthetic resins and base paper. Although we are diversifying our manufacturing countries, country risk exists, including political conditions in those countries. In addition, a sharp change in the balance of foreign exchange fluctuations among currencies could affect our Group’s business results and financial condition.」
It continues to disclose raw material market conditions, political conditions in procurement countries, and foreign exchange fluctuations as procurement-related risks. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks of fluctuations in product and raw material prices, foreign exchange rates, and procurement countries. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the procurement, price, and foreign exchange risks described in the previous fiscal year. - FY2016First statedAnnual report
「Among the products and raw materials procured by our Group, the purchase prices of some items, including plastic and paper bags, may be affected by market conditions for synthetic resins and base paper. Although we are diversifying our manufacturing countries, country risk exists, including political conditions in those countries. In addition, a sharp change in the balance of foreign exchange fluctuations among currencies could affect our Group’s business results and financial condition.」
It discloses raw material market conditions, political conditions in procurement countries, and foreign exchange fluctuations as integrated procurement-related risks.