Domestic timber shortages and price inflation
First written in FY2022-Q1. 6 of 10 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2018: 7 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Although the surge in lumber prices has passed its peak, prices remain far above pre-shock levels, while unit costs for electricity, fuel, logistics, auxiliary materials and other items have risen substantially, continuing to put pressure on corporate earnings.」
Although lumber prices have passed their peak, they remain high, and electricity, fuel, logistics and auxiliary material costs continue to rise. - FY2024-Q2RestatedAnnual report
「Although the surge in lumber prices has passed its peak, prices remain far above pre-shock levels, while unit costs for electricity, fuel, logistics, auxiliary materials and other items have risen substantially, continuing to put pressure on corporate earnings.」
Although the surge in lumber prices has passed its peak, prices remain high, and electricity, fuel, logistics and auxiliary material costs continue to rise. - FY2024-Q1MitigatedAnnual report
「Although the surge in lumber prices caused by the lumber shock has passed its peak, prices remain far above pre-shock levels. In addition, electricity, fuel, logistics and auxiliary material costs have risen substantially, and conditions continue to put pressure on corporate earnings.」
Although the surge in lumber prices has passed its peak, prices have not returned to pre-shock levels, while electricity, fuel, logistics and auxiliary material costs continue to rise. Some of the risks have eased, but procurement and cost pressures remain. - FY2023-Q3MaterialisedAnnual report
「Meanwhile, although lumber prices continued to rise due to the lumber shock, many wood-based materials surged to nearly twice the previous year's prices, and conditions continued to put pressure on corporate earnings.」
The disclosure states that prices for lumber and wood-based materials in Japan continued to surge, with some materials reaching nearly twice the previous year's prices. The rise in raw material costs, combined with delays in revising sales prices, led to weaker profitability and an operating loss. - FY2023-Q2RestatedAnnual report
「Meanwhile, the business environment remained difficult as raw material prices rose due to the lumber shock, other resource prices increased, and procurement costs continued to rise as the yen depreciated.」
The disclosure continues to describe the ongoing increase in procurement costs due to the lumber shock, higher resource prices and yen depreciation. - FY2023-Q1RestatedAnnual report
「Meanwhile, the business environment remained difficult as raw material prices rose due to the lumber shock, other resource prices increased, and procurement costs continued to rise as the yen depreciated.」
Procurement costs continue to rise due to the lumber shock, higher resource prices and yen depreciation, and the disclosure continues to describe supply and price risks for raw materials, including lumber in Japan. - FY2022WorsenedAnnual report
「In addition, concerns have arisen that imports of Russian lumber will fall substantially as the situation in Ukraine deteriorates. If the resulting surge in domestic lumber prices and decline in new housing starts persist, they could affect the Group's operating results and financial position.」
In addition to the continued surge in domestic lumber prices caused by the lumber shock, the Company added concerns about declining imports of Russian lumber as the situation in Ukraine deteriorates and about the effects continuing for an extended period. - FY2022-Q3RestatedAnnual report
「Meanwhile, shortages and price increases for lumber in Japan, driven by increased overseas demand for lumber and the container shortage, have continued to raise concerns about the outlook due to the impact of the so-called lumber shock.」
Shortages and price increases for lumber in Japan, driven by increased overseas demand for lumber and the container shortage, have continued. - FY2022-Q2RestatedAnnual report
「Meanwhile, against a backdrop of growing US housing demand, increased demand for lumber in China and a global container shortage, shortages and price increases for lumber in Japan became apparent, and conditions continued to raise concerns about the outlook.」
Shortages and price increases for lumber in Japan, driven by increased overseas housing and lumber demand and the container shortage, have continued. The disclosure also describes the impact on profits in the housing materials and wood-based panels businesses. - FY2022-Q1First statedAnnual report
「Meanwhile, against a backdrop of growing US housing demand, increased demand for lumber resulting from China's economic recovery and a global container shortage, shortages and price increases for lumber in Japan became apparent, and conditions remained a concern for the outlook.」
The Company identified shortages and price increases for lumber in Japan as new risks against a backdrop of increased overseas demand and the container shortage. It stated that higher lumber prices affected profits in the housing materials business, while higher adhesive prices affected profits in the wood-based panels business.