Fluctuations in paper prices and difficulty securing supply
First written in FY2016. 10 of 20 entries say "Worsened", first in FY2020. Latest entry: FY2026.
This thread is not in a theme yet. When the same subject shows up in other companies' filings, you can compare them here.
- FY2026MaterialisedAnnual report
「Coated paper 244 244 244 244 257 257 257 257 Medium-grade paper 214 214 214 214 225 225 225 225 Lightweight coated paper 196 196 196 196 206 206 206 206」
Paper prices rose from ¥244 to ¥257 for coated paper, ¥214 to ¥225 for medium-grade paper and ¥196 to ¥206 for lightweight coated paper, indicating that continued price increases are being reflected in results. - FY2026-H1MaterialisedAnnual report
「In terms of profitability, we increased in-house production and improved plant utilisation, but soaring paper prices increased orders for groundwood paper, which has a low unit price but high printing costs, forcing us to operate inefficiently.」
The disclosure states that soaring paper prices actually resulted in increased orders for groundwood paper, which has a low unit price but high printing costs, inefficient operations and pressure on profits. - FY2025MaterialisedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 33.8% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results. However, soaring paper prices increased orders for groundwood paper, which is inexpensive but costly and inefficient to print, putting pressure on profits. Further productivity improvements and appropriate pass-through of costs remain challenges.」
While paper accounted for 33.8% of total manufacturing costs, the disclosure states that soaring paper prices actually affected operating performance by increasing orders for groundwood paper and putting pressure on profits. - FY2024WorsenedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 33.8% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results.」
Paper accounted for 33.8% of total manufacturing costs, continuing to quantify exposure to price fluctuations. Supply constraints for raw materials are also cited as a business issue. - FY2024-Q3WorsenedAnnual report
「The industry in which our printing business operates, one of our services, is also becoming increasingly challenging, with declining demand for print media as digitisation accelerates, constraints on the supply of raw materials and rising prices.」
The disclosure states that, in addition to soaring prices, supply constraints for raw materials, including paper, continue, making the operating environment for the printing business, including raw material procurement, increasingly challenging. - FY2024-Q2WorsenedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to fuel costs associated with fluctuations in foreign exchange rates and persistently high crude oil prices, soaring raw material prices and growing geopolitical risks.」
The disclosure states that soaring raw material prices continue, while the addition of fuel price increases and geopolitical risks has left the outlook uncertain. - FY2024-Q1WorsenedAnnual report
「In the printing industry, the business environment is becoming increasingly difficult due to declining demand for print media as digitization accelerates, as well as constraints on the supply of raw materials and surging prices.」
The disclosure states that, in addition to the existing risk of higher prices, constraints on the supply of raw materials have also arisen. - FY2023WorsenedAnnual report
「Paper Coated paper ㎏ 154 154 154 177 177 204 204 244 Medium-grade paper ㎏ 135 135 135 156 156 178 178 214 Lightweight coated paper ㎏ 124 124 124 143 143 164 164 196」
Paper prices rose from ¥177 for coated paper, ¥156 for medium-grade paper and ¥143 for lightweight coated paper in March 2022 to ¥244, ¥214 and ¥196, respectively, in March 2023, further substantiating the price increase risk. - FY2023-Q3MaterialisedAnnual report
「However, the impact of the global surge in raw material and fuel prices on pressure on profits reached levels far exceeding initial expectations.」
The global surge in raw material and fuel prices put pressure on profits, and the impact reached levels far exceeding initial expectations, indicating that the price increase risk had materialised in operating performance. - FY2023-Q2MaterialisedAnnual report
「However, the simultaneous global surge in raw material and fuel prices and depreciation of the yen placed greater-than-expected pressure on profits. As a result, revenue increased 10.2% year on year, while operating profit increased 3.5%.」
The simultaneous surge in raw material and fuel prices and depreciation of the yen actually affected operating performance, limiting operating profit growth relative to revenue growth. - FY2023-Q1WorsenedAnnual report
「The situation in Ukraine appears likely to continue for an extended period, and continued close monitoring is required in light of the impact on the domestic economy of soaring raw material prices and the sharp depreciation of the yen.」
The disclosure links the continuing concern over surging raw material prices with the situation in Ukraine and the yen's depreciation. - FY2022WorsenedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 29.5% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results. Coated paper 154 154 154 154 154 154 154 177 Medium-grade paper 135 135 135 135 135 135 135 156 Lightweight coated paper 124 124 124 124 124 124 124 143」
Paper accounted for 29.5% of total manufacturing costs, while the prices of coated paper, medium-grade paper and lightweight coated paper rose to ¥177, ¥156 and ¥143, respectively, in March 2022, showing the price increase risk in concrete terms. - FY2022-Q3WorsenedAnnual report
「The contraction of print-media advertising has progressed further, while concerns about surging raw material prices and higher logistics costs mean that operating conditions in the printing industry remain difficult.」
The disclosure has progressed from expressing concern over higher raw material prices to describing them as surging, indicating the price increase risk more strongly. - FY2022-Q2WorsenedAnnual report
「In addition, uncertainty about the outlook continues, including concerns over the risk of higher raw material prices.」
In addition to the previous risk of paper price fluctuations, the disclosure explicitly identifies concerns over the risk of higher raw material prices. No specific increase in prices or percentage is provided. - FY2021MitigatedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 28.3% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results.」
Paper's share of total manufacturing costs declined from 34.0% in the previous fiscal year to 28.3%, reducing the cost exposure to price fluctuation risk. Prices were flat during the period. - FY2020WorsenedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 34.0% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results.」
Paper's share of total manufacturing costs rose from 30.0% in the previous fiscal year to 34.0%, increasing the exposure to price fluctuation risk. Price trends also remained at high levels, indicating that the price fluctuation risk continues to materialise. - FY2019MaterialisedAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 30.0% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results. Coated paper 136 136 136 136 128 128 128 154 Medium-grade paper 112 112 112 112 112 112 112 135 Lightweight coated paper 101 111 111 111 103 103 103 124」
In addition to paper accounting for 30.0% of total manufacturing costs, market prices for coated paper and other products rose at the end of the fiscal year, indicating that the price fluctuation risk had materialised as actual price increases. - FY2018Specific manifestation of paper price increasesAnnual report
「Paper, our main raw material, including the cost of paper included in subcontracted processing costs, accounted for 30.0% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results.」
The disclosure states that paper accounted for 30.0% of total manufacturing costs and shows through price trends that market prices for products such as coated paper rose from the end of the previous fiscal year. - FY2017RestatedAnnual report
「Paper, including the cost of paper included in subcontracted processing costs, accounted for 30.9% of total manufacturing costs for the fiscal year, and as a commodity product, price fluctuations affected our results.」
Paper accounted for 30.9% of total manufacturing costs, quantifying the impact of market-driven price fluctuations. The policy of procuring through multiple distributors also continues. - FY2016First statedAnnual report
「We purchase paper, our main raw material, from domestic and overseas paper manufacturers through multiple paper distributors, and focus on maintaining a stable supply and optimal prices. However, if paper prices surge due to soaring crude oil prices or a disruption in the global supply-demand balance, and procurement becomes extremely difficult, our operating results and financial position may be adversely affected.」
Paper accounted for 33.1% of total manufacturing costs, quantifying the exposure to price fluctuations. Procurement through multiple distributors is cited as a response.