Surge in Electric Wire and Cable Procurement Prices Due to Sharp Rise in Copper Prices
First written in FY2022-Q1. 1 of 5 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2024-Q3.
Nankai Plywood moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 13 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「In this segment, in response to the declining trend in new construction of projects contributing to the electrical materials industry in regional areas, we strengthened sales efforts by developing new customers and expanding small-lot sales. However, the business environment became extremely challenging as sales activities were constrained by shortages of wire supplied by wire manufacturers, in addition to persistently high procurement prices for electrical materials.」
In addition to persistently high procurement prices for wire and electrical materials, supply shortages from wire manufacturers became an apparent constraint on sales activities, and segment profit fell 57.9% year on year. - FY2023-Q3MitigatedAnnual report
「In the wire and cable industry, prices for a range of materials, including copper, iron, nylon and rubber, remain high, while shortages of semiconductors and electronic components have continued despite showing some recovery compared with an earlier period, raising concerns over future sales declines and pressure on earnings.」
While prices for materials including copper, steel, nylon and rubber continue to rise, the company explained that shortages of semiconductors and electronic components are recovering compared with an earlier period. - FY2023-Q1RestatedAnnual report
「In the wire and cable industry, prices for a range of materials, including copper, iron, nylon and rubber, have risen sharply, while shortages of semiconductors and electronic components have become more severe, raising concerns over future sales declines and pressure on earnings.」
The company continues to indicate that soaring prices for wire-related materials, including copper, have spread to steel, nylon and rubber, among others, and that shortages of semiconductors and electronic components persist. - FY2022-Q3WorsenedAnnual report
「In the wire and cable industry, prices for a range of materials, including copper, iron, nylon and rubber, have risen sharply, while shortages of semiconductors and electronic components have become more severe, raising concerns over future sales declines and pressure on earnings.」
The risk expanded from higher procurement prices due to the previous surge in copper prices to soaring prices for multiple materials, including steel, nylon and rubber, and shortages of semiconductors and electronic components. - FY2022-Q1First statedAnnual report
「In the wire industry, procurement prices for wire and cable have risen sharply due to the surge in copper prices, raising concerns about pressure on earnings going forward.」
The company newly disclosed the risk that sharply higher procurement prices for wire and cable due to the surge in copper prices in the wire industry could pressure future earnings.