Higher Procurement Prices Due to Foreign-Exchange Movements and Rising Overseas Costs
First written in FY2016. 12 of 22 entries say "Restated". Latest entry: FY2026.
King Jim 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 2022: 33 of 58 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address these risks, the Group has implemented measures including purchasing raw materials from multiple suppliers, coordinating with suppliers, using alternative products, and reducing costs through more efficient production, thereby working to mitigate the risks.」
The company has specified measures to address the risks of raw material price fluctuations and procurement difficulties, including purchasing from multiple suppliers, using alternative products, and improving production efficiency. - FY2025WorsenedAnnual report
「In the lifestyle products business, the gross profit margin declined due to the weaker yen and surging raw material prices, among other factors.」
The weaker yen and surging raw material prices continued to be reflected in the lifestyle products business as a decline in the gross profit margin. - FY2025-H1RestatedAnnual report
「At ㈱ぼん家具, costs continued to rise due to the weaker yen and surging raw material prices, creating a challenging environment, but sales exceeded the previous year.」
The company recognizes that costs continue to rise due to the weaker yen and surging raw material prices. - FY2024-Q2WorsenedAnnual report
「In terms of profit, the cost of sales ratio improved as a result of price revisions, but the yen's depreciation exceeded expectations, preventing a significant improvement.」
The yen's depreciation beyond expectations offset the improvement in the cost of sales ratio from price revisions, and was reflected in actual results as a factor constraining earnings improvement. - FY2024-Q1WorsenedAnnual report
「In terms of earnings, although price revisions improved the cost ratio, the improvement was limited by the yen's depreciation exceeding expectations, and higher SG&A expenses also weighed on results. The Company recorded an operating loss of ¥388.50 million, compared with an operating loss of ¥87.10 million in the same period of the previous year; an ordinary loss of ¥215.70 million, compared with ordinary profit of ¥34.94 million; and a net loss attributable to owners of the parent of ¥229.12 million, compared with a net loss attributable to owners of the parent of ¥52.88 million.」
The yen's depreciation offset the improvement in the cost of sales ratio from price revisions, and was reflected in actual results as an expansion of losses. - FY2023WorsenedAnnual report
「For the current consolidated fiscal year, the cost of sales ratio was 64.0% due to the sharp depreciation of the yen and surging raw material prices, up 0.8 percentage points from 63.2% in the previous consolidated fiscal year.」
The sharp depreciation of the yen and surging raw material prices continued to push up the cost of sales ratio, putting pressure on earnings. In addition, an inventory valuation loss of ¥258.289 million was recorded. - FY2023-Q3WorsenedAnnual report
「In addition to the sharp depreciation of the yen and soaring logistics costs, raw material prices remained at high levels, resulting in operating profit of ¥81.41 million, down 89.6% year on year.」
The weaker yen, higher logistics costs, and persistently high raw material prices continued to affect results, resulting in a substantial decline in operating profit. - FY2023-Q2WorsenedAnnual report
「However, sales declined 1.6% year on year to ¥11.96187 billion due to factors including stockouts of products such as Tepra, a reactionary decline in sales of Tette hand sanitizers, which performed well last year, and lower sales of thick files. In addition to the sharp depreciation of the yen and soaring logistics costs, persistently high raw material prices resulted in an operating loss of ¥456.62 million, compared with operating profit of ¥102.97 million in the same period of the previous year.」
The sharp depreciation of the yen and persistently high logistics costs and raw material prices were reflected in actual results as an operating loss in the stationery and office supplies business. - FY2023-Q1WorsenedAnnual report
「In terms of profit, operating loss was ¥87.1 million, compared with operating profit of ¥283.66 million in the same period of the previous year, due to the sharp depreciation of the yen, soaring logistics costs, and raw material prices remaining at high levels.」
In addition to the sharp depreciation of the yen, elevated logistics costs and persistently high raw material prices were reflected in actual results as an operating loss, with the impact of rising overseas costs increasing. - FY2022MaterialisedAnnual report
「In terms of profit, operating profit was ¥1.076 billion, down 58.3% from the previous consolidated fiscal year, due to higher cost of sales and SG&A expense ratios resulting from the sharp depreciation of the yen and surging raw material prices and logistics costs.」
The sharp depreciation of the yen, together with surging raw material prices and logistics costs, was reflected in actual results as higher cost of sales and SG&A expense ratios. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2020RestatedAnnual report
「The Group conducts some foreign-currency-denominated transactions in the import and export of products and raw materials, among other items. It also holds foreign-currency-denominated receivables and payables.」
The company continues to disclose its foreign exchange exposure arising from foreign-currency-denominated transactions, receivables, and payables. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no material changes in existing risks related to higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in existing risks related to higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2017RestatedAnnual report
「The Group conducts some foreign-currency-denominated transactions in the import and export of products and raw materials, among other items. It also holds foreign-currency-denominated receivables and payables.」
The company continues to recognize foreign exchange risk arising from foreign-currency-denominated transactions, receivables, and payables. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes in the risk of higher procurement costs due to foreign exchange movements and rising overseas costs. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in existing risks related to foreign exchange movements and rising overseas costs. - FY2016MaterialisedAnnual report
「As procurement prices for products and components rose due to rapid foreign exchange movements and higher labor and consumer prices in production countries, we implemented price revisions for a total of 579 product numbers, primarily thick files and Tepra PRO tape cartridges, effective 21 July 2015.」
The company states that higher procurement costs actually materialized and were addressed through price revisions for 579 product numbers.