Profit Pressure on the Machine Tools Business from Rising Raw Material and Transportation Costs
First written in FY2023-Q2. 5 of 6 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2024.
Citizen Watch moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「For the machine tools business as a whole, net sales decreased to ¥81.6 billion, down 5.3% year on year. Operating income decreased to ¥9.0 billion, down 26.0% year on year, due to increases in raw material prices, transportation costs and other expenses.」
Margin pressure from higher raw material prices and transportation costs continued for the full fiscal year, and operating income in the machine tools business declined 26.0% year on year. - FY2024-Q3WorsenedAnnual report
「Operating income decreased to ¥7.5 billion, down 10.9% year on year, partly due to the impact of higher component prices.」
Margin pressure on the machine tools business from higher component prices and other factors continued, and operating income was ¥7.5 billion, down 10.9% year on year. - FY2024-Q2WorsenedAnnual report
「Operating income decreased to ¥5.2 billion, down 5.5% year on year, due in part to the impact of higher component prices.」
Margin pressure on the machine tools business from higher component prices and other factors continued, and operating income declined 5.5% year on year. - FY2023WorsenedAnnual report
「Operating income decreased to ¥12.2 billion, down 3.1% year on year, due to increases in raw material prices, transportation costs and other expenses.」
Margin pressure on the machine tools business from higher raw material prices and transportation costs continued, and operating income was ¥12.2 billion, down 3.1% year on year. - FY2023-Q3WorsenedAnnual report
「Operating income decreased to ¥8.4 billion, down 10.3% year on year, due to increases in raw material prices, transportation costs and other expenses.」
Margin pressure on the machine tools business from higher raw material prices, transportation costs and other expenses continued, and operating income declined 10.3% year on year. - FY2023-Q2First statedAnnual report
「Operating income decreased to ¥5.5 billion, down 6.1% year on year, due to increases in raw material prices, transportation costs and other expenses.」
Higher raw material prices and transportation costs materialized as lower operating income in the machine tools business.