Declining Capital Investment in Protected Horticulture Facilities and Higher Costs Due to Soaring Material Prices
First written in FY2017. 8 of 17 entries say "Materialised", first in FY2023-Q1. Latest entry: 2026-11-11.
Nepon moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 14 of 22 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026-H1MaterialisedAnnual report
「Gross profit decreased by ¥29 million year on year due to higher costs for imported products resulting from yen depreciation, although」
The risks of higher material and import costs actually affected earnings through higher imported product costs resulting from the yen's depreciation, becoming a factor behind the decline in gross profit. - FY2025MaterialisedAnnual report
「The Group's core thermal equipment business saw continued weakness in agricultural producers' willingness to invest due to deteriorating profitability caused by higher agricultural material prices and other factors. Sales of warm-air heaters for protected horticulture facilities and orders for protected horticulture heating construction both declined, leaving sales below forecast.」
Deteriorating profitability and weaker investment sentiment among agricultural producers due to higher material prices were reflected in full-year results through declines in thermal equipment sales and orders for protected horticulture heating construction, and sales falling short of forecast. - FY2025-H1MaterialisedAnnual report
「The Group's core thermal equipment business saw sales of agricultural thermal equipment and orders for agricultural facility construction remain sluggish, owing in part to a lack of enthusiasm for investment among agricultural producers, resulting in lower sales than in the same period of the previous year.」
The risk of declining capital investment in protected horticulture facilities actually emerged as weak investment sentiment among agricultural producers and sluggish sales of agricultural thermal equipment and orders for agricultural facility construction, resulting in thermal equipment business sales falling 13.3% year on year. - FY2024MaterialisedAnnual report
「In terms of earnings, the increase in cost of sales resulting from higher purchase prices for imported products due to the yen's depreciation, among other factors,」
The risks of higher material and import costs were reflected in full-year earnings through higher purchase prices for imported products due to the yen's depreciation and an increase in cost of sales. - FY2024-Q3MaterialisedAnnual report
「Gross profit increased by only ¥6 million year on year due to higher purchase prices for imported raw materials resulting from yen depreciation,」
The risk of higher material and raw material prices actually became a factor limiting gross profit growth through higher purchase prices for imported raw materials resulting from the yen's depreciation. - FY2024-Q2MaterialisedAnnual report
「Gross profit increased by only ¥81 million year on year due to higher costs for imported products resulting from the yen's depreciation,」
Higher imported product costs due to the yen's depreciation are cited as an actual factor limiting the increase in gross profit, with the risks of higher material and import costs reflected in earnings. - FY2024-Q1RestatedAnnual report
「In terms of earnings, operating loss was ¥218 million, compared with an operating loss of ¥203 million in the same period of the previous year, due to the impact of higher material and other prices, as well as increased investment to improve internal systems.」
Higher material and other prices continue to be cited as a factor affecting earnings. This time, increased investment to improve internal systems was also added as a factor behind higher expenses. - FY2023MaterialisedAnnual report
「Although higher steel and other material prices had an impact, the increase in sales resulted in operating profit of ¥388 million, up 52.5% year on year.」
Higher steel and other material prices actually emerged as a factor affecting earnings for the year. Operating profit increased 52.5% year on year due to higher sales. - FY2023-Q3RestatedAnnual report
「Although higher steel and other material prices had an impact, the increase in sales resulted in operating profit of ¥217 million, up 40.7% year on year.」
Regarding the existing risk of rising material prices, higher steel and other material prices continue to be cited as a factor affecting earnings in the quarter. Meanwhile, operating profit increased 40.7% year on year due to higher sales. - FY2023-Q2WorsenedAnnual report
「In addition to changes in the energy supply structure resulting from Russia's continuing invasion of Ukraine, negative effects on economic activity have continued, including surging material prices caused by supply and demand impacts primarily attributable to supply constraints for semiconductors, steel and other materials.」
Supply constraints for semiconductors, steel and other materials and elevated material prices have continued, with higher steel and other material prices actually affecting earnings by increasing expenses in the quarter. - FY2023-Q1MaterialisedAnnual report
「Although expenses increased due to the impact of higher steel and other material prices and increased spending on promoting the IoT business,」
Regarding the existing risk of rising material prices, the disclosure states that higher steel and other material prices actually affected earnings by increasing expenses in the first quarter. - FY2022-Q3WorsenedAnnual report
「Although higher steel and other material prices had an impact, the increase in sales resulted in operating profit of ¥154 million, up 0.2% year on year.」
Regarding the existing risk of rising material prices, the disclosure states that higher steel and other material prices actually affected earnings. Operating profit increased 0.2% year on year due to higher sales. - FY2021ReframedAnnual report
「In addition, the outlook remains challenging, as capital investment in protected horticulture has been curtailed amid economic uncertainty caused by the spread of COVID-19.」
The risk assessment now includes economic uncertainty and curtailed capital investment due to the spread of the infection, in addition to the existing risks of declining capital investment in protected horticulture facilities and higher costs resulting from rising material prices. - FY2018RestatedAnnual report
「Although the operating environment surrounding the Group appears to have bottomed out, we expect difficult conditions to continue due to declining capital investment in the controlled-environment horticulture industry and rising costs resulting from higher material prices.」
The company continues to identify declining capital investment in the controlled-environment horticulture industry and rising costs due to higher material prices as factors contributing to a difficult operating environment. - FY2017First statedAnnual report
「Although the operating environment surrounding the Group appears to have bottomed out, we expect difficult conditions to continue due to declining capital investment in the controlled-environment horticulture industry and rising costs resulting from higher material prices.」
The company disclosed declining capital investment in the controlled-environment horticulture industry and rising costs due to higher material prices as factors expected to keep conditions difficult going forward.