Fluctuations in Raw Material Prices, Logistics Costs and Product Trends
First written in FY2016. 9 of 21 entries say "Materialised", first in FY2018-Q2. Latest entry: 2026-08-12.
The whole theme swung hardest in 2022: 121 of 167 companies on the "Worse" side.
- FY2025WorsenedAnnual report
「The business environment remained challenging, owing to higher raw material prices, personnel expenses and logistics costs, as well as increased financial expenses resulting from higher market interest rates.」
In addition to higher raw material prices and logistics costs, increased personnel expenses and higher financial expenses resulting from rising market interest rates were identified as cost-related risks. - FY2025-H1WorsenedAnnual report
「In addition, the business environment remains challenging, with continued increases in personnel expenses, logistics costs and energy costs.」
In addition to the ongoing increases in raw material prices and logistics costs, higher personnel expenses, logistics costs and energy costs are identified as factors continuing to pressure the operating environment. - FY2024MitigatedAnnual report
「The sharp depreciation of the yen and rising raw material prices caused significant concern over higher costs for in-house planned products manufactured overseas under contract, but timely selling-price increases kept the gross margin at 26.3%, unchanged from the previous fiscal year.」
Although the weaker yen and higher raw material prices have driven up costs, price increases kept the impact on the gross margin in line with the same period of the previous year. - FY2024-Q2MaterialisedAnnual report
「The gross margin fell 0.4 percentage points year on year to 26.3% as the yen weakened significantly, raising the cost of sales for own-brand products manufactured overseas.」
The weaker yen raised the cost of overseas-produced own-brand products, resulting in a 0.4-percentage-point decline in the gross margin. - FY2024-Q1MitigatedAnnual report
「Although the weaker yen increased the cost of sales, the shift toward high-value-added products and our high-turnover business model, in which we rapidly commercialize products from proposals through planning, design, production and logistics, contributed to price revisions, enabling us to maintain the gross margin at 27.0%, unchanged year on year.」
Although yen depreciation increased the cost of sales, its impact on the gross margin was held broadly in line with the previous year through the shift to higher-value-added products and price revisions. - FY2023MaterialisedAnnual report
「The gross margin declined 1.5 percentage points from the previous fiscal year to 26.3% due to the higher share of low-margin OEM products, which carry no return risk, and higher cost of sales as the yen weakened significantly toward the second half of the fiscal year.」
The higher sales mix of low-margin OEM products and the rise in cost of sales resulting from yen depreciation appeared in FY2023 results as factors behind the decline in the gross margin. - FY2023-Q3RestatedAnnual report
「The business environment remained challenging due to the impact on raw material prices of higher energy prices related to the situation involving Russia and Ukraine, the trend toward yen depreciation, and higher personnel expenses caused by labor shortages.」
Higher raw material prices resulting from rising energy prices, yen depreciation and higher personnel expenses caused by labor shortages continue to be identified as cost-environment risks. - FY2023-Q2WorsenedAnnual report
「The business environment remained challenging due to higher raw material prices accompanying energy price increases related to the situation involving Russia and Ukraine, and higher personnel expenses caused by labor shortages.」
In addition to the existing risk of fluctuations in raw material and logistics costs, higher raw material prices resulting from rising energy prices and higher personnel expenses due to labor shortages were explicitly identified. - FY2023-Q1WorsenedAnnual report
「The business environment had become one in which conditions could have a significant impact on corporate management, as new concerns—including the protracted situation involving Ukraine and Russia, a sharp yen depreciation, and inflation caused by soaring raw material prices and utility costs—had combined to weigh on consumer activity.」
In addition to the previously identified fluctuations in raw material and logistics costs, soaring utility costs and inflation, as well as a sharp yen depreciation, were cited alongside higher raw material prices. - FY2022WorsenedAnnual report
「The business environment remained uncertain, as a global semiconductor shortage, soaring resource prices following Russia's invasion of Ukraine, and a sharp yen depreciation driven in part by the widening interest-rate differential between Japan and the United States occurred simultaneously.」
In connection with the previously identified risk of fluctuations in raw material and logistics costs, soaring resource prices and the sharp yen depreciation were explicitly identified as external-environment factors. - FY2022-Q2WorsenedAnnual report
「At the same time, the outlook for corporate performance remains uncertain as higher resource prices and yen depreciation continue simultaneously.」
Against the backdrop of external costs such as raw material and crude oil prices and logistics costs, higher resource prices were newly identified. The yen also weakened at the same time, heightening uncertainty over corporate performance. - FY2019-Q3MaterialisedAnnual report
「SG&A expenses amounted to ¥3,463.902 million, down 5.9% year on year. This reflected increases in advertising, R&D and logistics expenses, efforts to control personnel and other expenses, and the completion of goodwill amortization.」
Higher logistics expenses were cited as an actual factor increasing selling, general and administrative expenses, and the impact of fluctuations in logistics costs continues to appear in performance. - FY2019-Q2MaterialisedAnnual report
「Although advertising, sales promotion, research and development, and logistics expenses increased, selling, general and administrative expenses remained at ¥2,353.159 million, down 2.8% year on year, due to lower personnel expenses and the completion of goodwill amortization.」
Logistics expenses increased from ¥379.631 million in the year-earlier period to ¥402.816 million, with the impact of cost fluctuations appearing in actual results. - FY2019-Q1MaterialisedAnnual report
「Higher advertising, R&D and logistics expenses increased SG&A expenses, resulting in operating profit of ¥96,813 thousand, down 14.6% year on year.」
Higher logistics expenses appeared in actual results as a factor increasing selling, general and administrative expenses, confirming the continued impact of fluctuations in logistics costs. - FY2018MaterialisedAnnual report
「The gross margin declined 0.9 percentage points from the previous consolidated fiscal year due to the higher growth of OEM products with low margins among in-house-developed products, efforts to improve product quality amid intensifying competition, and higher product costs resulting from soaring manufacturing costs.」
Higher manufacturing costs have emerged as an actual factor behind the decline in the gross margin, along with the growth of low-margin OEM products. - FY2018-Q3MaterialisedAnnual report
「The gross margin declined due in part to higher product costs resulting from soaring manufacturing costs.」
Higher manufacturing costs continue to appear in performance explanations as an actual factor behind the rise in product costs and the decline in the gross margin. - FY2018-Q2MaterialisedAnnual report
「On the cost side, the gross margin declined because, in addition to strong growth in lower-margin products among those planned in-house, competition intensified, product quality was improved, and costs rose due to higher manufacturing expenses.」
Higher manufacturing costs have emerged in actual performance explanations as a factor behind the rise in product costs and the decline in the gross margin, making the risk of fluctuations in raw material, logistics and other costs more concrete. - FY2017RestatedAnnual report
「The company is developing overseas production bases and renovating and streamlining its logistics structure to avoid the impact of price fluctuations in raw materials, crude oil and other inputs on procurement prices and logistics costs. However, sharp price increases could affect the group's performance.」
The company continues to identify fluctuations in raw material and crude oil prices, logistics costs and product trends as business-environment risks. - FY2016First statedAnnual report
「The company is developing overseas production bases and renovating and streamlining its logistics structure to avoid the impact of price fluctuations in raw materials, crude oil and other inputs on procurement prices and logistics costs. However, sharp price increases could affect the group's performance. In addition, trends in products such as cosmetics and toiletries, fashion accessories, character merchandise and contact lens-related products handled by the group may change rapidly due to shifts in consumer preferences and various other factors.」
The company identifies sharp changes in raw material and crude oil prices, logistics costs, consumer preferences and product trends as business-environment risks.