Downward Pressure on Operating Profit from Surging Raw Material Prices in the Americas
First written in FY2019. 5 of 7 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 122 of 167 companies on the "Worse" side.
- FY2021RestatedAnnual report
「The segment loss was ¥82 million, compared with a segment loss of ¥79 million in the same period of the previous fiscal year, due to lower sales, higher procurement costs for imported products resulting from the weaker pound, site consolidation costs and other factors.」
Higher procurement costs for imported products due to the weaker pound continue to appear in the actual results as a factor contributing to the European segment's loss. - FY2021-Q2RestatedAnnual report
「The segment loss was ¥78 million, compared with a segment loss of ¥15 million in the same period of the previous fiscal year, due to lower sales, higher procurement costs for imported products resulting from the weaker pound, site consolidation costs and other factors.」
Higher procurement costs for imported products resulting from the weaker pound continue to be reported as a factor contributing to the European segment's loss. - FY2021-Q1RestatedAnnual report
「Segment loss was ¥23 million, compared with segment profit of ¥0 million in the same period of the previous year, due to lower sales, higher procurement costs for imported products resulting from sterling depreciation, and costs associated with site consolidation.」
Higher procurement costs for imported products resulting from the weaker pound in Europe continue to appear in the actual results as a factor reducing operating profit. - FY2020-Q3RestatedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
Higher raw material costs in the Americas, including increased steel tariffs, continue to appear in the actual results as a factor reducing operating profit. - FY2020-Q2RestatedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
Higher raw material costs in the Americas, including increased steel tariffs, continue to appear in the actual results as a factor reducing operating profit. - FY2020-Q1WorsenedAnnual report
「Consolidated operating profit also fell below the same period of the previous year, affected by lower sales in each region, higher raw material costs including increased steel tariffs in the Americas, and higher procurement costs resulting from local currency depreciation in China and the UK.」
The decline in operating profit due to soaring raw material prices in the Americas, which was reported in the previous fiscal year, continued. This time, it materialised as higher raw material costs, including increased steel tariffs, and its impact on operating profit again appeared in the actual results. - FY2019First statedAnnual report
「Consolidated operating profit was below the previous fiscal year, affected by soaring raw material prices overseas, particularly in the Americas.」
Soaring raw material prices in the Americas appear in the actual results explanation as a factor that reduced consolidated operating profit for the fiscal year.