Stable Sourcing Through Multiple Domestic and Overseas Sourcing Bases
First written in FY2016. 3 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2024.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「In Japan’s housing market, although the rise in timber prices has eased, construction costs remain high because prices for materials such as concrete continue to rise and labor costs are increasing.」
While the company indicated that the rise in timber prices had eased, prices for other construction materials and labor costs continued to rise; it did not state that procurement and cost issues had been fully resolved. - FY2023MitigatedAnnual report
「Although the wood shock appears to be moving toward resolution, the company will continue to focus on cost reductions and work to improve its earnings structure.」
Regarding the response to rising timber prices and procurement costs, it indicated that the wood shock is moving toward resolution while stating a policy of continuing to reduce costs. - FY2023-Q2AdvancedAnnual report
「The company took measures to improve earnings, including shortening contractual construction periods to mitigate the impact of material price increases after orders are received, changing how prices are presented to customers, revising transaction terms with regional sales companies and promoting cost reductions.」
In response to the wood shock, it implemented specific measures including shortening contractual construction periods, changing the pricing presentation method, revising transaction terms with regional sales companies and reducing costs. - FY2023-Q1AdvancedAnnual report
「Meanwhile, regarding the rise in material prices caused by the wood shock, which has pressured the company’s earnings since the previous fiscal year, the company has introduced a method of flexibly reflecting fluctuations in raw-material prices in selling prices and is working to restore profitability.」
In response to the wood shock, it introduced a specific method for flexibly reflecting fluctuations in raw-material prices in selling prices. - FY2022-Q3RaisedAnnual report
「It is also pursuing measures such as sourcing components from multiple suppliers and reducing fixed costs, with the aim of improving margins.」
Regarding the response to the wood shock, the wording has been strengthened from “to maintain margins” in the previous disclosure to “with the aim of improving margins,” while multiple sourcing of components and fixed-cost reductions continue. - FY2022-Q2RestatedAnnual report
「For a company whose core business is log homes, shortages of timber supply and rising market prices, caused by increased timber demand in Europe, the United States and China, are factors that put pressure on earnings. To maintain margins, the company is also pursuing measures such as sourcing components from multiple suppliers and reducing fixed costs.」
In response to the wood shock, it has stated a policy of expanding sourcing for components and reducing fixed costs. - FY2021AdvancedAnnual report
「As timber procurement difficulties and a sharp rise in material prices, known as the “wood shock,” have emerged, the company will take measures to strengthen its supply chain by expanding the range of applicable tree species, including through multiple purchasing sources for timber and greater standardization of components.」
It identified multiple sourcing, greater standardization of components and expansion of applicable tree species as specific measures to strengthen the supply chain. - FY2019Change in sourcing mixAnnual report
「Depending on the characteristics and supply stability of the 5 series and their building materials, BESS products use materials sourced from Finland, other Asian countries and locations throughout Japan.」
Unlike the previous explanation, Canada is no longer included; sourcing is described as being from Finland, other Asian countries and Japan. The company has separately explained the shift in its sourcing mix and the use of domestic timber in response to difficulties procuring Canadian timber. - FY2018RestatedAnnual report
「Depending on the characteristics and supply stability of the 6 series and their building materials, BESS products use materials sourced from Canada, Finland, other Asian countries and locations throughout Japan.」
It continues to secure stable supplies through multiple sourcing bases combining Canada, Finland, other Asian countries and Japan. - FY2016First statedAnnual report
「The company procures building materials from Canada, Finland and locations throughout Japan.」
It combines Canada, Finland and Japan to diversify foreign-exchange risk on imports, shorten logistics and construction periods, and ensure a stable supply of materials.