Fluctuations in Gold and Platinum Prices and Foreign Exchange Rates
First written in FY2016. 18 of 25 entries say "Restated". Latest entry: 2026-08-07.
Tsutsumi Jewelry moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 8 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- 2026-08-07MaterialisedEarnings
「By the end of the first quarter, the Company had recorded an ¥482 million valuation loss on raw materials and work in process due to a sharp decline in bullion prices.」
The previously disclosed risk of fluctuations in precious metal prices has materialized in the form of a sharp decline in bullion prices and a valuation loss on raw materials and work in process. - FY2026RestatedAnnual report
「Because the gold, platinum and other precious metals and gemstones used as the main raw materials for the jewelry and accessories handled by the company are internationally traded commodities, fluctuations in their market prices and foreign exchange rates may affect the company's business performance. The duration and extent of the impact will depend on the duration and magnitude of the fluctuations. To address this risk, the company will maintain appropriate inventory levels and work to plan and develop jewelry, accessories and other products that respond to fluctuations in raw material prices.」
Continues to identify the risk of fluctuations in market prices for precious metals and gemstones and in foreign exchange rates, together with responses through appropriate inventory levels and product planning. - FY2026-H1RestatedAnnual report
「Against this economic backdrop, as raw material prices rose, we worked to provide high-quality products with strong price appeal, improve attentive services from the customer’s perspective, and create attractive stores.」
Continues to describe rising raw material prices. Although providing products with strong price appeal is cited as a response, no material change in the risk assessment concerning precious metal and gemstone prices or foreign exchange fluctuations is indicated. - FY2025-H1RestatedAnnual report
「As raw material prices continue to rise, including due to surging bullion prices, the company strives to provide high-quality products with strong price appeal, while」
The company continues to recognize higher raw material prices resulting from surging bullion prices and other factors, but no material change from the existing risks related to precious metal and gemstone prices and foreign exchange fluctuations is indicated. - FY2024RestatedAnnual report
「To address this risk, the company will maintain appropriate inventory levels and work to plan and develop jewelry, accessories and other products that respond to fluctuations in raw material prices.」
Continues to identify the risk of fluctuations in precious metal and gemstone prices and foreign exchange rates, together with responses through appropriate inventory levels and product planning. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, economic activity began to normalize in earnest and showed a gradual recovery as restrictions related to COVID-19 were eased. However, the outlook remained uncertain due to persistently high resource and raw material prices resulting from the prolonged military invasion of Ukraine, foreign exchange fluctuations caused by global monetary tightening, the yen's depreciation and rising prices.」
Continues to describe uncertainty in the external environment, including persistently high resource and raw material prices, global monetary tightening, foreign exchange fluctuations, the yen's depreciation and rising prices. - FY2024-Q2RestatedAnnual report
「However, the outlook remains uncertain due to elevated resource and energy prices resulting from the situation in Russia and Ukraine, global monetary tightening, and volatile foreign exchange rates.」
Continues to describe uncertainty in the external environment, including elevated raw material and resource prices and foreign exchange fluctuations. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, Japan's economy moved toward normalization of economic and social activity as restrictions were eased following the reclassification of COVID-19 under the Infectious Diseases Act as a Class 5 infectious disease. However, the outlook remained uncertain due to elevated resource and energy prices resulting from the prolonged Russian military invasion of Ukraine and rising prices caused by foreign exchange rate fluctuations.」
Continues to describe uncertainty in the external environment, including elevated resource and energy prices resulting from the situation in Ukraine and rising prices caused by foreign exchange fluctuations, as well as raw material prices and foreign exchange rates. - FY2023RestatedAnnual report
「Because the gold, platinum and other precious metals and gemstones used as the main raw materials for the jewelry and accessories handled by the company are internationally traded commodities, fluctuations in their market prices and foreign exchange rates may affect the company's business performance. The duration and extent of the impact will depend on the duration and magnitude of the fluctuations. To address this risk, the company will maintain appropriate inventory levels and work to plan and develop jewelry, accessories and other products that respond to fluctuations in raw material prices.」
Continues to identify the risk of fluctuations in market prices for precious metals and gemstones and in foreign exchange rates, together with responses through appropriate inventory levels and product planning. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan's economy showed signs of normalization in economic activity and personal consumption as measures to address COVID-19 took effect. However, the outlook remained uncertain due to persistent infections, higher resource and raw material prices resulting from the prolonged situation in Russia and Ukraine, and rising prices caused by the yen's rapid depreciation as interest-rate differentials with other currencies widened.」
Continues to describe uncertainty in the external environment, including elevated resource and raw material prices and the yen's rapid depreciation. No material change in the risk assessment from the previous quarter is indicated. - FY2023-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to a rapid increase in infections caused by new variants, the prolonged situation in Ukraine, surging resource and raw material prices, and the yen's rapid depreciation.」
Continues to describe uncertainty in the external environment, including elevated resource and raw material prices and the yen's rapid depreciation. No material change in the risk assessment from the previous quarter is indicated. - FY2023-Q1WorsenedAnnual report
「During the cumulative first-quarter period, Japan's economy showed gradual signs of normalization in economic and social activity as restrictions were eased with the progress of vaccination programs, despite the prolonged impact of COVID-19. However, the outlook remained uncertain amid globally elevated raw material prices resulting from the situation in Russia and Ukraine and sharp fluctuations in foreign exchange rates.」
Specifically describes surging raw material prices and sharp foreign exchange rate fluctuations as factors contributing to deterioration in the external environment related to the previously identified risks of precious metal and gemstone price fluctuations and foreign exchange fluctuations. - FY2022RestatedAnnual report
「Because the gold, platinum and other precious metals and gemstones used as the main raw materials for the jewelry and accessories handled by the company are internationally traded commodities, fluctuations in their market prices and foreign exchange rates may affect the company's business performance. The duration and extent of the impact will depend on the duration and magnitude of the fluctuations. To address this risk, the company will maintain appropriate inventory levels and work to plan and develop jewelry, accessories and other products that respond to fluctuations in raw material prices.」
Reconfirms the risk of fluctuations in market prices for precious metals and gemstones and in foreign exchange rates, and describes responses through appropriate inventory levels and product planning and development. - FY2021RestatedAnnual report
「Because the gold, platinum and other precious metals and gemstones used as the main raw materials for the jewelry and accessories handled by the company are internationally traded commodities, fluctuations in their market prices and foreign exchange rates may affect the company's business performance.」
Reconfirms the risk of fluctuations in market prices for precious metals and gemstones and in foreign exchange rates, and describes responses through appropriate inventory levels and product development. - FY2021-Q3MaterialisedAnnual report
「Operating profit was ¥385 million, down 46.6% year on year, ordinary profit was ¥425 million, down 44.7%, and net profit for the quarter was ¥280 million, down 61.8%, due mainly to the costs incurred during the period of voluntary business closures and higher cost ratios resulting from increased raw material prices caused by surging bullion prices.」
States that higher raw material prices caused by surging bullion prices actually affected profit through an increased cost ratio. - FY2020WorsenedAnnual report
「As a result, prices of precious metals and gemstones used as raw materials are expected to fluctuate significantly.」
The company expects significant fluctuations in raw material prices, adding gemstones to the gold and platinum previously covered, against a backdrop including the spread of infectious diseases. It also describes maintaining appropriate inventory levels and developing products that respond to price fluctuations. - FY2019RestatedAnnual report
「Because the purchase prices of gold, platinum and other materials, which are the principal raw materials used in the company's products, are determined in international commodity markets, the company's performance may be affected by fluctuations in market prices and exchange rates.」
Reiterates the risk that international market prices for gold, platinum and other commodities, as well as foreign exchange rate fluctuations, may affect business performance. - FY2018RestatedAnnual report
「Because the purchase prices of gold, platinum and other materials, which are the principal raw materials used in the company's products, are determined in international commodity markets, the company's performance may be affected by fluctuations in market prices and exchange rates.」
Reiterates the risk that international market prices for gold, platinum and other commodities, as well as foreign exchange rate fluctuations, may affect business performance. - FY2017RestatedAnnual report
「Because the purchase prices of gold, platinum and other materials, which are the principal raw materials used in the company's products, are determined in international commodity markets, the company's performance may be affected by fluctuations in market prices and exchange rates.」
Reiterates the risk that market prices for gold, platinum and other commodities, as well as foreign exchange rate fluctuations, may affect business performance. - FY2017-Q2MaterialisedAnnual report
「Foreign exchange loss: 6」
Records a foreign exchange loss of ¥6 million in the cumulative second-quarter period, indicating that foreign exchange fluctuations continue to have an actual impact on profit and loss. - FY2017-Q1MaterialisedAnnual report
「Foreign exchange loss: ¥5 million」
Records a foreign exchange loss of ¥5 million in the first quarter, documenting that foreign exchange fluctuations actually affected profit and loss. - FY2016First statedAnnual report
「Because the purchase prices of gold, platinum and other materials, which are the principal raw materials used in the company's products, are determined in international commodity markets, the company's performance may be affected by fluctuations in market prices and exchange rates.」
Indicates that international market prices for key raw materials and foreign exchange rate fluctuations may affect business performance.