Risk of fluctuations in gold, platinum and other precious-metal bullion prices
First written in FY2017. 20 of 36 entries say "Restated". Latest entry: FY2027-H1.
Kohsai moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 8 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「In the jewelry industry, the operating environment remained challenging as prices for precious metals, including gold and platinum, continued to rise and consumers showed a tendency to economize because of the impact of higher prices.」
Regarding the risk of fluctuations in bullion prices, the continued surge in prices for precious metals, including gold and platinum, is described, together with consumers’ tendency to economize, as an actual challenging business environment. - FY2026MaterialisedAnnual report
「In the jewelry industry to which we belong, raw material and energy prices have remained high, while consumers have also shown caution in their willingness to purchase. The challenging operating environment therefore continues.」
The company discloses that persistently high prices for raw materials, including bullion, and energy have continued as an actual operating-environment factor. - 2026-03-13MaterialisedEarnings
「In addition to the increase in productivity resulting from these measures, higher selling prices accompanying the surge in bullion prices and the effects of price revisions contributed to both net sales and profit exceeding the previous year’s levels despite the challenging business environment.」
The company reports that the surge in bullion prices led to higher selling prices and contributed to the effects of price revisions. - FY2026-H1MaterialisedAnnual report
「In the jewelry industry to which we belong, raw material and energy prices have remained high, and there have also been situations in which rising prices have dampened consumer willingness to purchase. Overall, the challenging operating environment continues.」
Persistently high raw material and energy prices have continued as an actual business-environment factor, and are stated alongside the need to review selling prices and manage costs. - FY2025MaterialisedAnnual report
「To achieve our management objective of “Creating a better world through jewelry making,” we have focused on developing and selling high-value-added products by leveraging our proprietary technologies, including functional products that contribute to the advancement of women in the workforce and products designed with allergies in mind, as well as on making products lighter and developing and selling products with high functionality and asset value. We have also implemented various initiatives to expand performance, including thoroughly reducing manufacturing costs, reviewing manufacturing costs, strengthening our production system, and passing on increases in manufacturing costs to selling prices.」
Based on the assumption of higher manufacturing costs resulting from surging raw material prices and other factors, the company discloses that it passed on costs to selling prices, reviewed manufacturing costs, reduced costs, and strengthened its production system. - FY2025-H1MaterialisedAnnual report
「We undertook various initiatives, including promoting the passing on to selling prices of cost increases resulting from higher prices for raw materials, energy and various consumables, thoroughly reducing manufacturing costs, improving hourly productivity, and expanding sales channels.」
Regarding the previously disclosed risk of fluctuations in bullion prices, cost increases resulting from higher prices for raw materials, energy and other items actually occurred, and measures to pass on costs to selling prices and reduce costs are disclosed. - FY2025-Q1MaterialisedAnnual report
「We undertook various initiatives, including passing on to selling prices the increase in manufacturing costs resulting from surging prices for raw materials and energy.」
The increase in manufacturing costs resulting from surging raw material and energy prices actually occurred, and passing the increase on to selling prices is disclosed as a measure taken. - FY2024MaterialisedAnnual report
「In terms of profit, we passed on costs to selling prices at appropriate levels and took other measures, including enhancing labor productivity. As a result of efforts to thoroughly reduce manufacturing costs and review and cut production costs, both operating profit and ordinary profit exceeded the previous fiscal year.」
Based on the risk of higher manufacturing costs resulting from surging bullion prices and other factors, the company discloses that it passed on costs to selling prices and reduced manufacturing costs. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2024-Q2MaterialisedAnnual report
「Under these circumstances, in order to achieve our management objective of “Creating a better world through jewelry making,” we have undertaken various initiatives to expand performance and improve profitability, including passing on to selling prices the increase in manufacturing costs caused by surging prices for gold and platinum, our principal raw materials, reducing manufacturing expenses, and establishing a production system aligned with order volumes.」
The increase in manufacturing costs caused by surging gold and platinum prices actually occurred, and passing the increase on to selling prices and reducing manufacturing expenses are disclosed as measures to improve profitability. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2023MaterialisedAnnual report
「In terms of profit, while the cost of production increased because of sharp increases in the prices of bullion and diamonds, which are raw materials, and manufacturing expenses generally, including electricity, the increase in the cost of production was not passed on to selling prices in a timely manner during the fiscal year. As a result, operating profit was below the previous fiscal year.」
Regarding the previously disclosed risk of fluctuations in bullion prices, higher prices for bullion, diamonds and electricity actually pushed up the cost of production and resulted in lower operating profit through the delay in passing the increase on to selling prices. - FY2023-Q3MaterialisedAnnual report
「In terms of profit, while the cost of sales increased because of surging prices for bullion, which is a raw material, and manufacturing expenses generally, including electricity, the increase in the cost of sales has still not been adequately passed on to selling prices. As a result, operating profit declined to ¥11 million, down 83.9% year on year, ordinary profit declined to ¥44 million, down 40.3%, and quarterly net income declined to ¥19 million, down 61.9%.」
Regarding the risk of fluctuations in bullion prices, surging prices for manufacturing expenses generally, including electricity, in addition to higher bullion prices, actually pushed up the cost of sales and became a factor behind the decline in profit through the delay in passing the increase on to selling prices. - FY2023-Q2MaterialisedAnnual report
「In terms of profit, while the cost of sales increased because of the surge in the price of bullion, which is a raw material, the increase in the cost of sales has still not been adequately passed on to selling prices. As a result, operating profit declined to ¥22 million, down 72.0% year on year, ordinary profit, including a foreign exchange gain from the weaker yen, declined to ¥50 million, down 40.5%, and quarterly net income declined to ¥39 million, down 31.7%.」
Regarding the risk of fluctuations in bullion prices, the increase in the cost of sales caused by surging bullion prices and the continued delay in passing the increase on to selling prices became factors behind the decline in operating profit and other measures. - FY2023-Q1MaterialisedAnnual report
「In terms of profit, while the cost of sales increased because of the surge in the price of bullion, which is a raw material, the increase in the cost of sales was not adequately passed on to selling prices. As a result, operating profit declined to ¥12 million, down 79.5% year on year, ordinary profit declined to ¥23 million, down 61.8%, and quarterly net income declined to ¥16 million, down 58.7%.」
Regarding the previously disclosed risk of fluctuations in bullion prices, the increase in the cost of sales caused by surging bullion prices and the delay in passing the increase on to selling prices are disclosed as actual factors behind the decline in profit. - FY2022RestatedAnnual report
「We are working to ensure stable procurement of bullion, including gold and platinum, which are our principal raw materials. However, sharp fluctuations in bullion prices may affect our gross profit margin and other factors.」
The risk that fluctuations in bullion prices, including gold and platinum, may affect the gross profit margin and other metrics continues to be disclosed. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2019RestatedAnnual report
「We are working to ensure stable procurement of bullion, including gold and platinum, which are our principal raw materials. However, sharp fluctuations in bullion prices may affect our gross profit margin and other factors.」
The risk that fluctuations in bullion prices, including gold and platinum, may affect the gross profit margin and other metrics continues to be disclosed. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2018RestatedAnnual report
「We are working to ensure stable procurement of bullion, including gold and platinum, which are our principal raw materials. However, sharp fluctuations in bullion prices may affect our gross profit margin and other factors.」
The risk that fluctuations in bullion prices, including gold and platinum, may affect the gross profit margin and other metrics continues to be disclosed. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The current quarterly report concludes that there were no new developments or material changes regarding the risk of fluctuations in bullion prices, including gold and platinum. - FY2017First statedAnnual report
「We are working to ensure stable procurement of bullion, including gold and platinum, which are our principal raw materials. However, sharp fluctuations in bullion prices may affect our gross profit margin and other factors.」
The possibility that fluctuations in the prices of gold, platinum and other principal raw materials may affect the gross profit margin and other metrics is disclosed.