Raw Material Price Volatility and Procurement Risks for Hides, Fish Skins and Other Materials

「Profit increased as costs were reduced through measures including reviewing the sources and supplying countries of raw materials and improving productivity, in addition to the stabilization of raw material prices.」

「利益面では、原料価格が安定してきたことに加え、由来原料や原料供給国の見直し、生産性の改善などによりコストダウンを図り、増益となりました。」

「Profit increased as costs were reduced through measures including reviewing raw material sources and supplying countries and improving productivity, in addition to stable raw material prices.」

「Profitability declined as the yen's depreciation and prolonged weakness drove up procurement prices, but profit for the Gelatin-related business ended at approximately the previous year's level as raw material price increases eased in the second half.」

「Although operating profit benefited from cost reductions through changes to production processes and formulations, higher costs for raw materials, materials, freight and labor, including foreign exchange effects, resulted in lower profit.」

「Although phased price revisions improved profitability, rising procurement prices following the yen's depreciation and its prolonged weakness have begun to erode profitability, so the company will continue working to reduce costs.」

「Although profit margins improved following price revisions, the situation remains uncertain due in part to persistently high raw material costs and the impact of import-related foreign exchange movements.」

「Raw material prices continued to rise, partly due to import-related foreign exchange effects, but profit margins improved and profit increased as a portion of the increase was passed on to selling prices.」

「The ability to pass on part of the cost increases for raw materials, power, freight and import exchange rates to prices led to a modest improvement in profit margins. Operating profit, ordinary profit and quarterly net profit attributable to owners of the parent increased.」

「Across all reportable segments, manufacturing costs rose due to higher procurement prices for raw materials, energy costs and transportation expenses, as well as the prolonged depreciation of the yen resulting from widening interest rate differentials with Western countries. Higher procurement prices also put pressure on profitability.」

「The company was unable to fully pass on increases in all costs, including manufacturing, procurement and selling costs, driven by higher raw material and power prices, as well as higher advertising and freight costs. Operating profit, ordinary profit and profit attributable to owners of the parent for the quarter all declined.」

「Domestic sales remained firm and export sales also performed well, particularly in North America. However, manufacturing costs rose sharply due to rapid and substantial increases in raw material and energy prices, resulting in lower profit.」

「Meanwhile, operating profit declined as higher prices for raw materials, power and other inputs increased manufacturing costs, while higher selling expenses, including advertising and freight costs, added further pressure.」

「Cattle hide, pigskin, fish skin and scales are widely used as raw materials for the products sold by the Group. Although the Group works to maintain selling prices through stable procurement, including by diversifying its suppliers, raw material prices may surge depending on supply and demand in the relevant raw material markets, and these price fluctuations may affect operating results.」

「Peptide sales recovered, mainly in health food applications, against a backdrop of growing health-consciousness in the domestic market. Overseas shipments to North America and Southeast Asia increased as a result of sales expansion measures, but profitability showed signs of slowing due in part to higher prices for imported raw materials.」

「Although sales volumes of leather for handles recovered and began to increase, the business struggled because it was unable to pass on increases in raw material, processing and foreign exchange-related costs.」

「Although the company works to maintain selling prices through stable procurement, including by diversifying its suppliers, raw material prices may surge depending on supply and demand in the relevant raw material markets, and these price fluctuations may affect operating results.」

「In the raw material trading business, prices for pigskin gelatin continued to surge due to African swine fever, and imports and sales declined substantially. In the Peptide segment, domestic sales remained firm, supported by growing inbound demand. Export sales performed well in health food and medical applications as shortages of fish-based raw materials eased.」

「Gelatin for capsule applications performed well, but imports and sales declined sharply as pigskin prices surged due to African swine fever in China. Collagen peptides performed well in Japan, particularly in health food and pharmaceutical applications, as shortages of fish-based raw materials eased.」

「Although shortages of fish-based raw materials continued, peptide products for health foods and pharmaceutical applications performed well. For fish-derived products, the company continued to work to improve profitability by implementing price revisions in stages.」

「For fish-derived products, the company is implementing price revisions in stages to improve profitability.」

「Cattle hide, pigskin, fish skin and scales are widely used as raw materials for the products sold by the Group. Although the Group works to secure stable supplies of raw materials and maintain prices by diversifying its suppliers, raw material prices may surge depending on supply and demand in the relevant raw material markets, and fluctuations in raw material prices may affect operating results. In addition, although the same raw materials may be used, the markets and industries in which the Group's products are sold are diverse, and product prices may not always reflect raw material price trends. During periods of rising raw material prices, manufacturing costs alone may increase, affecting operating results.」

「Sales of collagen peptides continued to perform well, but for fish-derived products, excess demand continued in Japan and overseas, causing fish-derived raw materials to become scarce and prices to continue rising without abating.」

「Peptide performed well in both Japan and overseas markets, supported by buoyant demand for health foods, but production costs for fish-derived products rose as a shortage of raw materials drove up prices.」

「Peptide performed well in both Japan and overseas markets, supported by buoyant demand for health foods, but manufacturing costs rose as a shortage of raw materials caused by tight supply drove up prices.」

「Meanwhile, the Manufacturing segment remained weak, affected by higher prices for raw materials such as fish and pork.」

「Although the Group is working to secure a stable supply of raw materials and maintain prices by diversifying suppliers and taking other measures, raw material prices may surge depending on supply and demand trends in the relevant raw material markets, potentially affecting operating results.」

「Sales of leather for automotive use declined, mainly in triangular trade transactions. Leather for men's shoes remained firm, but leather for women's shoes continued to struggle. Meanwhile, profit margins have improved, partly because raw material prices have begun to stabilize.」

「Meanwhile, profit margins have improved, partly because raw material prices have begun to stabilize.」

「Profit margins have improved, partly because raw material prices have begun to stabilize.」

「Although the Group is working to secure a stable supply of raw materials and maintain prices by diversifying suppliers and taking other measures, raw material prices may surge depending on supply and demand trends in the relevant raw material markets, potentially affecting operating results.」