Economic Uncertainty Caused by Soaring Resource Prices and Semiconductor Shortage
First written in FY2022-Q2. 4 of 9 entries say "Worsened", first in FY2022. Latest entry: FY2024.
Pan Pacific International Holdings 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: 22 of 32 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「In the North America business, sales increased as the yen depreciated, but selling, general and administrative expenses also increased. Operating profit declined because costs resulting from inflation and selling, general and administrative expenses related to new store openings increased.」
Higher costs resulting from inflation and increased new-store opening expenses were reflected in full-year results as operating profit of ¥3,442 million in the North America business, down 52.4% year on year. Operating profit in the Asia business also fell 91.0% year on year. - FY2024-Q3MaterialisedAnnual report
「Sales in the North America business were ¥185,038 million, up 4.2% year on year, while operating profit was ¥3,535 million, down 36.9%. Operating profit declined because higher costs resulting from inflation and selling, general and administrative expenses associated with new store openings increased. Sales in the Asia business were ¥61,649 million, down 0.4% year on year, while operating profit was ¥229 million, down 87.7%. Sales and operating profit in the Asia business declined due to sluggish demand for meals prepared at home, restrained spending amid inflation, and higher selling, general and administrative expenses associated with new store openings.」
Higher costs resulting from inflation, new-store opening expenses, sluggish demand for meals prepared at home and restrained spending were reflected in actual results as a 36.9% decline in operating profit in the North America business and an 87.7% decline in the Asia business. - FY2024-Q2MaterialisedAnnual report
「In the North America business, sales increased due to the depreciation of the yen, but operating profit declined as selling, general and administrative expenses increased because of higher costs resulting from inflation and expenses related to new store openings. In the Asia business, sales and operating profit declined due to sluggish demand for meals prepared at home, restrained spending amid inflation, and higher selling, general and administrative expenses associated with new store openings.」
Higher costs resulting from inflation, restrained spending and increased new-store opening expenses were reflected in actual results as a 40.3% decline in operating profit in the North America business and an 83.8% decline in the Asia business. - FY2024-Q1MaterialisedAnnual report
「In the North America business, sales increased due to the depreciation of the yen accompanying monetary tightening, but operating profit declined as selling, general and administrative expenses increased due to higher costs resulting from inflation and other factors.」
Higher costs resulting from monetary tightening, yen depreciation and inflation were reflected in actual results as a 33.5% decline in operating profit in the North America business. - FY2023-Q3WorsenedAnnual report
「The outlook remains uncertain, and attention is required regarding downside risks to overseas economies resulting from global monetary tightening, inflation caused by surging raw material and other prices, and volatility in the financial and capital markets.」
In addition to surging resource and raw material prices, downside risks to overseas economies resulting from global monetary tightening and volatility in the financial and capital markets remain factors behind economic uncertainty. - FY2023-Q2WorsenedAnnual report
「The outlook remains uncertain due to downside risks to overseas economies resulting from global monetary tightening and inflation caused by surging raw material and other prices.」
In addition to surging resource and raw material prices, global monetary tightening and downside risks to overseas economies remain factors behind economic uncertainty. - FY2023-Q1WorsenedAnnual report
「The outlook remains uncertain due to the rapid depreciation of the yen resulting from global monetary tightening and surging resource prices.」
In addition to surging resource prices, global monetary tightening and the rapid depreciation of the yen were cited as factors behind economic uncertainty. - FY2022WorsenedAnnual report
「However, the economic outlook remains uncertain due to the impact of restrictions on economic activity following a renewed spread of infections in China, the prolonged situation in Ukraine and higher raw material prices.」
In addition to higher resource and raw material prices, renewed infections in China and the prolonged situation in Ukraine were cited as factors behind economic uncertainty. - FY2022-Q2First statedAnnual report
「The outlook remains uncertain due to surging resource prices, the global semiconductor shortage and concerns over a renewed spread of infections following the emergence of new COVID-19 variants.」
Surging resource prices and the global semiconductor shortage were explicitly identified for the first time as external environmental factors separate from COVID-19 and other factors previously cited.