Komori
Kowa (7807) · RiskMitigated

Risk of Soaring Raw Material Prices

First written in FY2018. 10 of 20 entries say "Materialised", first in FY2022-Q3. Latest entry: 2026-10-15.

20entries
9years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – FY2020RestatedFY2023-Q2 – FY2024-Q3MaterialisedFY2025-H1 – 2026-07-152018: 120182019: 120192020: 120202021: 020212022: 420222023: 220232024: 420242025: 120252026: 62026
Same theme, other companies
Profit pressure from the failure to pass on higher procurement costs in selling pricesA theme 44 companies write about · 44 as a headwind · 0 as a tailwind

Kowa moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).

The whole theme swung hardest in 2021: 18 of 27 companies on the "Worse" side.

12 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 44 companies compared. The sentences above are computed from all 44.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-15MitigatedEarnings

    「セグメント利益は円安による輸入コスト上昇の影響が継続しているものの、生産効率の改善および原価低減施策の効果がさらに進展したことから、6億94百万円(前年同期比30.5%増)となりました。」

    円安による輸入コスト上昇が継続する一方、生産効率改善・原価低減施策により製造販売事業の利益が増加している。
  2. FY2027-H1MitigatedAnnual report

    「Segment profit was ¥694 million, up 30.5% year on year, as improvements in production efficiency and the effects of cost-reduction measures made further progress, despite the continuing impact of higher import costs caused by the weaker yen.」

    Although import costs have continued to rise as a result of the weaker yen, segment profit has increased due to the effects of improved production efficiency and cost-reduction measures.
  3. 2026-07-15MaterialisedEarnings

    「Although the impact of higher import costs due to the weaker yen continued, segment profit increased 60.2% to ¥387 million, owing to higher sales centered on the core walking aid products, as well as improvements in production efficiency and efforts to reduce costs.」

    While higher import costs due to the weaker yen continued, improvements in production efficiency and cost reductions were cited as factors behind the increase in profit.
  4. FY2026MaterialisedAnnual report

    「Sales in the manufacturing and sales business for the consolidated fiscal year amounted to ¥5,730.994 million, up 0.8% year on year, as sales of the company's core walking aids and bathing-related products remained firm. Segment profit declined 4.3% year on year to ¥1,027.233 million, due to higher procurement costs resulting from the weaker yen, higher logistics costs, and temporary increases in expenses associated with the relocation of a production plant operated by an overseas subsidiary.」

    The risk of higher raw material and procurement prices has emerged as an actual factor behind the decline in segment profit, in the form of higher procurement costs resulting from the weaker yen.
  5. FY2026-H1MaterialisedAnnual report

    「Segment profit was ¥532 million, down 13.4% year on year, due to higher import costs resulting from the weaker yen and the impact of depreciation of right-of-use assets and other assets associated with the relocation of a production plant operated by a consolidated subsidiary.」

    Higher import costs resulting from the weaker yen are cited as an actual factor behind the decline in segment profit in the manufacturing and sales business.
  6. FY2025-H1MaterialisedAnnual report

    「In terms of profit, gross profit was ¥1,468 million, down 4.6% year on year, and operating profit was ¥497 million, down 12.1% year on year, due to higher procurement prices resulting from the weaker yen and higher logistics costs, including freight charges.」

    The risk of higher raw material and procurement prices has emerged as an actual factor behind the declines in gross profit and operating profit, in the form of higher procurement prices resulting from the weaker yen.
  7. FY2025-Q1RestatedAnnual report

    「Many sources of uncertainty remain, including heightened geopolitical risks such as tensions in the Middle East and price increases caused by yen depreciation and persistently high energy prices, and uncertainty continues.」

    The company continues to identify inflation caused by the weaker yen and persistently high energy prices as an uncertainty affecting the cost environment for raw materials and other items.
  8. FY2024MaterialisedAnnual report

    「In terms of profit, gross profit was ¥2,952.977 million, up 11.2% year on year, due to the weaker yen and higher raw material costs, among other factors.」

    The risk of higher raw material prices is cited, alongside the weaker yen, as an actual factor explaining gross profit.
  9. FY2024-Q3RestatedAnnual report

    「However, prices continue to rise owing to soaring raw material and energy prices and the weaker yen.」

    The company indicates that raw material and energy prices continue to rise.
  10. FY2024-Q2RestatedAnnual report

    「Global monetary tightening and continued increases in energy prices, including electricity, and raw material prices are ongoing.」

    The company indicates that energy and raw material prices continue to rise.
  11. FY2023-Q3RestatedAnnual report

    「The rapid depreciation of the yen and rising prices caused by soaring raw material and crude oil prices have prevented a strong economic recovery.」

    The company indicates that raw material and crude oil prices continue to rise.
  12. FY2023-Q2RestatedAnnual report

    「The company is taking measures to address soaring raw material prices.」

    As raw material prices continue to rise, the company is responding through cost reductions and revisions to product prices.
  13. FY2023-Q1MaterialisedAnnual report

    「The company is taking measures including cost reductions and price revisions to absorb soaring raw material prices.」

    Soaring raw material prices have emerged as an actual business-environment issue, and the company is responding through cost reductions and price revisions.
  14. FY2022MaterialisedAnnual report

    「In terms of profit, gross profit margin declined by 3.5 percentage points from the previous year owing to soaring raw material prices and other factors, while gross profit after deducting the provision for sales returns was ¥2,683.625 million, up 0.6% from the previous fiscal year.」

    The risk of soaring raw material prices has emerged in the results as a 3.5-percentage-point decline in gross profit margin.
  15. FY2022-Q3MaterialisedAnnual report

    「In terms of profit, although raw material and logistics costs rose owing to soaring crude oil prices, operating income was ¥542 million, up 67.4% year on year, as the company continued to control fixed costs.」

    The risk of soaring raw material prices has emerged in the actual results as higher raw material costs against the backdrop of soaring crude oil prices.
  16. FY2020RestatedAnnual report

    「If unexpected surges in resource prices raise raw material costs and the pass-through to selling prices is delayed, our group's operating results and financial position may be affected.」

    The company reiterates the risks of soaring raw material prices for aluminum pipes, resin, and other materials and delays in passing those increases through to selling prices.
  17. FY2019RestatedAnnual report

    「If unexpected surges in resource prices raise raw material costs and the pass-through to selling prices is delayed, our group's operating results and financial position may be affected.」

    The company continues to disclose the risks of soaring resource prices for aluminum pipes, resin, and other materials and delays in passing those increases through to selling prices.
  18. FY2018First statedAnnual report

    「The principal raw materials used in our group's products are aluminum pipes, resin, and other materials. These raw materials are exposed to the risk of fluctuations in resource prices. If unexpected surges in resource prices raise raw material costs and the pass-through to selling prices is delayed, our group's operating results and financial position may be affected.」

    The company disclosed separately for the first time the risks of fluctuations in resource prices for aluminum pipes and resin and delays in passing those increases through to selling prices.
Moved together

"Uncertainty in Emerging Asian Economies and Volatility in Financial and Capital Markets" moved the same way as this thread, in the same document, in 7 of its 20 moves.

765433★123456
  1. ★This thread
  2. 1Uncertainty in Emerging Asian Economies and Volatility in Financial and Capital Markets7×
  3. 2Losses from foreign-exchange fluctuations6×
  4. 3Risk of soaring logistics costs5×
  5. 4Risk of dilution of share value due to stock acquisition rights4×
  6. 5Brand Strategy and Development of a New Product Series3×
  7. 6Risk of Dependence on Specific Business Partners3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kowa yet. It last moved in the Earnings of 2026-10-15: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of Soaring Raw Material Prices | KOWA CO.,LTD. (7807) | Komori