Price Volatility of Petrochemical Products and Grain-Derived Raw Materials
First written in FY2016. 8 of 20 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-04.
Nagase & moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 7 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- 2026-08-04MaterialisedEarnings presentation
「ナフサ価格のピークは４月となり下落傾向にあったものの、足元は再び上昇傾向。」
石油化学製品等の価格変動が、ナフサ価格の再上昇として実際の事業環境に現れている。 - FY2026RestatedAnnual report
「The risk that profitability will deteriorate due to higher procurement costs resulting from fluctuations in the market prices of products handled, the inability to pass these costs on to selling prices, and declines in selling prices」
The risk of commodity price fluctuations was recast as deteriorating profitability resulting from the inability to pass on prices and fluctuations in the supply and demand of petrochemical products. Direct shipments, take-or-pay arrangements and optimization of inventory levels are described as countermeasures. - FY2025Higher sales due to rising market pricesAnnual report
「Demand for coating materials was flat for both automotive and construction applications, but sales increased due to higher market prices.」
Regarding fluctuations in commodity prices, rising market prices for coating materials emerged as a factor behind higher sales during the current fiscal year. Price fluctuation risk itself continues. - FY2025-H1Higher sales and improved profitability due to rising market pricesAnnual report
「Sales of coating materials were flat for both automotive and construction applications, but increased due to higher market prices.」
Regarding market price fluctuation risk, during the current interim consolidated accounting period, sales of coating materials increased as a result of higher market prices. - FY2024-Q1MaterialisedAnnual report
「The Prinova Group's profitability declined and sales fell due to lower market prices for food ingredients.」
Lower market prices for food ingredients emerged as lower profitability and sales at the Prinova Group. The risk of market price fluctuations affecting earnings continues to materialize. - FY2023Continuing contribution from higher market prices and their adverse effectAnnual report
「Resin sales to the OA and gaming equipment industries and other markets benefited from the weaker yen, but profitability declined due in part to the backlash from the previous fiscal year's margin expansion driven by higher market prices.」
The backlash from the previous fiscal year's margin expansion driven by higher market prices emerged as lower full-year profitability in the Processed Materials segment. - FY2023-Q3RestatedAnnual report
「Although resin sales to the office-automation and gaming-equipment industries and other applications benefited from the weaker yen and increased earnings, profitability declined owing in part to the adverse effect of the increase in profit margins caused by higher market prices in the same period of the previous year.」
The adverse effect of the increase in profit margins caused by higher market prices in the same period of the previous year continued to be cited as lower profitability in Processed Materials during the first nine months of the current fiscal year. - FY2023-Q2MaterialisedAnnual report
「Although resin sales to the office-automation and gaming-equipment industries and other applications benefited from the weaker yen and increased earnings, profitability declined owing in part to the adverse effect of the increase in profit margins caused by higher market prices in the same period of the previous year.」
The adverse effect of the increase in profit margins caused by higher market prices in the same period of the previous year actually emerged as lower profitability in the Processed Materials segment during the first six months of the current fiscal year as well. - FY2023-Q1MaterialisedAnnual report
「Although resin sales to the office-automation and gaming-equipment industries and other applications benefited from the weaker yen, profitability declined owing in part to the adverse effect of the increase in profit margins caused by higher market prices in the same period of the previous year.」
While higher market prices led to higher profit margins in the same period of the previous year, the resulting adverse effect actually emerged as lower profitability in Processed Materials. - FY2022Contribution from higher market prices and normalizationAnnual report
「Performance grew substantially from the beginning of the first quarter through the first half as profitability improved, mainly owing to a sharp rise in market prices in the resin business. From the third quarter onward, profitability in the resin business normalized」
While the sharp rise in market prices contributed to improved profitability in the first half, it states that profitability in the resin business normalized from the third quarter onward. The impact of price fluctuations is evident in both directions. - FY2022-Q2Higher market prices contribute to profitability alongside concerns about weakening conditionsAnnual report
「There is still uncertainty over the outlook owing to the risk that currently elevated raw-material market prices may weaken, among other factors.” “Profitability improved further as market prices rose.”」
While higher raw-material market prices contributed to improved profitability in the Processed Materials and Mobility businesses, concerns remain that elevated market prices may weaken, with the impact of price fluctuations described on both sides. - FY2022-Q1Higher market prices contribute to improved profitabilityAnnual report
「Sales of synthetic resins for the office-automation and gaming-equipment industries and other applications increased owing to stronger demand in Japan and overseas, particularly China, while profitability also improved as market prices rose.」
In the current report, higher market prices have appeared as a factor improving the profitability of synthetic resins amid fluctuations in raw-material and product market conditions. It does not state that the price-fluctuation risk itself has disappeared. - FY2021RestatedAnnual report
「Petrochemical products have their own market conditions by product, based on factors including raw-material market conditions and supply-demand balances, and fluctuations in these conditions may affect sales and earnings from the relevant transactions.」
It reconfirms the risk that fluctuations in the prices of petrochemical products and grain-derived raw materials may affect sales and earnings. - FY2019Higher naphtha prices as a factor driving higher full-year salesAnnual report
「Sales of paint and urethane raw materials in the Functional Chemicals Business increased owing to solid automobile production in Japan and overseas and higher naphtha prices.」
Regarding the risk of naphtha price fluctuations, higher prices during the current fiscal year appeared as a factor driving higher sales of paint and urethane raw materials. - FY2019-Q2Higher naphtha prices as a factor driving higher salesAnnual report
「Sales in the Functional Chemicals Business increased because sales of paint and urethane raw materials rose owing to solid automobile production in Japan and overseas and higher naphtha prices, and because sales of a US distributor acquired in the second quarter of the previous fiscal year were reflected for the full period in the first half of the current fiscal year.」
Naphtha price fluctuations, which had previously appeared as a factor behind lower sales, were cited this quarter as a factor driving higher sales of paint and urethane raw materials because prices increased. It does not state that the price-fluctuation risk itself has disappeared. - FY2017MaterialisedAnnual report
「Sales of paint and urethane raw materials and other products in the Functional Chemicals Business declined mainly in Japan and Greater China owing to lower naphtha prices, resulting in a slight decline in sales for the business overall.」
The decline in naphtha prices continued throughout the fiscal year to appear as lower sales of paint and urethane raw materials and other products, mainly in Japan and Greater China. - FY2017-Q3MaterialisedAnnual report
「Although sales volumes of automotive paint raw materials increased in ASEAN, sales in the Functional Chemicals Business declined mainly in Japan owing to the impact of lower naphtha prices, resulting in lower sales for the business overall.」
The decline in naphtha prices continues to appear as lower sales, mainly in Japan, in the Functional Chemicals Business. - FY2017-Q2MaterialisedAnnual report
「Although sales of paint and urethane raw materials increased in ASEAN and Mexico, sales in the Functional Chemicals Business declined mainly in Japan owing to the decline in naphtha prices and sluggish domestic automobile production, resulting in lower sales for the business overall.」
The decline in naphtha prices continues to appear as lower domestic sales. - FY2017-Q1MaterialisedAnnual report
「Sales declined across the business overall because sales in Greater China and ASEAN decreased owing to the impact of lower unit selling prices linked to naphtha prices.」
The decline in unit selling prices linked to naphtha prices has appeared as lower sales in Greater China and ASEAN. - FY2016First statedAnnual report
「Petrochemical products have their own market conditions by product, based on factors including raw-material market conditions and supply-demand balances, and fluctuations in these conditions may affect sales and earnings from the relevant transactions.」
It cites the impact on earnings as a risk if increases in raw-material prices cannot be passed through to selling prices.