Rising Utility Costs Due to Soaring Resource Prices
First written in FY2022-Q2. 4 of 6 entries say "Restated". Latest entry: FY2024-Q1.
Top Culture 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: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues due to factors including the prolonged Russia-Ukraine situation, monetary tightening in response to global inflation, the continuing trend toward yen depreciation, and persistently high raw material and energy prices.」
The company continues to cite cost pressures, including persistently high raw material and energy prices, as well as uncertainty in the financial and foreign exchange environments. - FY2023-Q3RestatedAnnual report
「Utility costs remained elevated during the cumulative consolidated period under review, while prices for various supplies continued to rise, and the impact of higher expenses associated with store operations remains ongoing.」
Elevated utility costs and rising supply prices continued, with an ongoing impact on store operating costs. - FY2023-Q2RestatedAnnual report
「Utility costs remained elevated during the first half, while prices for various supplies continued to rise, and the impact of higher expenses associated with store operations remains ongoing.」
The impact of elevated utility costs remains, and prices for supplies continue to rise. - FY2023-Q1WorsenedAnnual report
「However, the surge in electricity and other utility costs, which exceeded expectations, had a significant impact.」
The company states that the rise in utility costs associated with soaring resource prices, including electricity charges that exceeded expectations, had a significant impact on profit, indicating a more severe impact than previously reported. - FY2022-Q3RestatedAnnual report
「Meanwhile, soaring prices for various resources also drove up utility costs, resulting in operating income of ¥109 million (¥476 million in the same quarter of the previous year) and ordinary income of ¥95 million (¥403 million).」
The impact of soaring resource prices continued to materialize as higher utility costs and is cited as a factor behind the decreases in operating income and ordinary income. - FY2022-Q2MaterialisedAnnual report
「Meanwhile, soaring prices for various resources also drove up utility costs, resulting in operating income of ¥55 million (¥204 million in the same quarter of the previous year), ordinary income of ¥53 million (¥203 million), and quarterly net income attributable to owners of the parent of ¥19 million (¥157 million).」
The rise in various resource prices materialized as higher utility costs and is cited as a factor explaining the current quarter’s profit performance.