Risk of Rising Raw Material Prices
First written in FY2016. 7 of 17 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-10-02.
Zojirushi moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 26 of 52 companies on the "Worse" side.
20 other companies' latest entry also says "Materialised".
- FY2024RestatedAnnual report
「Higher raw-material and component prices could affect our group's operating results and financial position. To mitigate this risk, we are working to address it by reviewing the selling prices of finished products and taking other measures.」
The risk of higher raw-material and component prices and the response of reviewing finished-product prices were reiterated. - FY2024-Q1WorsenedAnnual report
「Although net sales increased as the company pursued price pass-through for higher import costs caused by yen depreciation, operating income was ¥3,525 million, up 0.0% year on year, due to an increase in selling, general and administrative expenses.」
Raw-material and import costs continued to rise, and although we pursued price pass-through, operating profit increased only 0.0% year on year. The impact of higher costs has continued. - FY2023MitigatedAnnual report
「To mitigate this risk, we are working to address it by reviewing the selling prices of finished products and taking other measures.」
In response to the risk of higher raw-material and component prices, selling prices for finished products were reviewed, and price pass-through resulted in operating profit exceeding the previous year's level. - FY2023-Q2WorsenedAnnual report
「Regarding profit, the company pursued price pass-through for higher raw material prices and increased import costs resulting from the weaker yen, but higher selling, general and administrative expenses resulted in operating profit of ¥4,476 million, down 7.6% year on year.」
Higher raw-material prices and increased import costs due to the weaker yen continued, and although we pursued price pass-through, operating profit declined 7.6% year on year. - FY2022MaterialisedAnnual report
「As a result, consolidated operating profit was ¥4,664 million, with a profit margin of 5.7%, falling short of the targets of ¥6,000 million and a 7.5% profit margin due to the weaker yen, surging raw-material prices and other factors.」
Surging raw-material prices, together with the weaker yen, materialized as a lower operating profit margin and failure to meet the profit target. - FY2022-Q3MaterialisedAnnual report
「Regarding profit, the substantial impact of higher cost of sales caused operating profit to fall below the previous year's result to ¥4,575 million, compared with ¥5,148 million in the same quarter of the previous year.」
Higher costs resulting from increased prices for raw materials, resources and other inputs affected profit through higher cost of sales and materialized as operating profit falling below the previous year. - FY2022-Q2WorsenedAnnual report
「Global conditions are expected to remain highly uncertain, with the risk of China's zero-COVID policy also materializing, in addition to growing inflationary pressure and constraints on the procurement of raw materials and components.」
Regarding the risk of higher raw-material prices, growing inflationary pressure and constraints on the procurement of raw materials and components were identified at the same time. - FY2022-Q1WorsenedAnnual report
「The global economy showed increasing signs of slowing due to the spread of the Omicron variant of the novel coronavirus and higher costs resulting from elevated raw-material prices, supply constraints and other factors.」
The risk of higher raw-material prices continues to materialize as higher costs caused by elevated raw-material prices. - FY2021WorsenedAnnual report
「Meanwhile, as the economy recovered, concerns arose over global inflation driven by supply shortages and supply-chain disruptions resulting from increased demand, as well as higher raw-material costs.」
In addition to the previously identified risk of higher raw-material prices, supply-chain disruptions caused by increased demand and concerns over global inflation were identified. - FY2019-Q3MaterialisedAnnual report
「In addition, operating profit declined to ¥4,103 million, down 21.1% year on year, partly because margins declined due to higher costs for products manufactured overseas and other factors.」
The risk associated with higher raw-material and other costs materialized as higher costs for products manufactured overseas, lower margins and a 21.1% year-on-year decline in operating profit. - FY2019-Q2WorsenedAnnual report
「In addition, operating profit declined to ¥4,086 million, down 22.3% year on year, partly because margins declined due to higher raw-material and transportation costs.」
In addition to higher raw-material costs, higher transportation costs were cited as a factor behind lower margins, with the impact of rising costs appearing in the actual decline in profit. - FY2019-Q1MaterialisedAnnual report
「Partly due to the deterioration in margins resulting from higher raw-material costs and other factors」
The risk of higher raw-material prices continued to materialize as deteriorating margins and a 25.6% year-on-year decline in operating profit. - FY2018MaterialisedAnnual report
「A deterioration in gross profit margin resulting from lower margins on electrical products, including rice cookers, due to higher raw-material costs and other factors」
The risk of higher raw-material prices materialized as lower margins and a deterioration in gross profit margin. - FY2017RestatedAnnual report
「Prices for stainless steel, resins, copper and other major raw materials used in our group's products are significantly affected by international market conditions. Higher raw-material prices resulting from rising crude oil prices and other factors could affect our group's operating results and financial position.」
The risk that prices for raw materials such as stainless steel, resins and copper may be affected by international market conditions and crude oil prices was reiterated. - FY2016First statedAnnual report
「Prices for stainless steel, resins, copper and other major raw materials used in our group's products are significantly affected by international market conditions. Higher raw-material prices resulting from rising crude oil prices and other factors could affect our group's operating results and financial position.」
The risk that prices for raw materials such as stainless steel, resins and copper may be affected by international market conditions and crude oil prices is explicitly identified for the first time.