Price fluctuations in non-ferrous metals, crude oil, food and other commodities
First written in FY2016. 3 of 9 entries say "Mitigated", first in FY2017. Latest entry: 2026-04-30.
Toyota Tsusho moved to the "Worse" side of this theme in 2024, 6 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 12 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- 2026-04-30MaterialisedRevision to earnings forecasts
「Profit for the period attributable to owners of the parent was ¥43.1 billion, ¥0.3 billion, or 0.7%, below the previous consolidated fiscal year, as the increase in automotive production-related business, mainly in North America, was more than offset by factors including lower steel prices.」
The decline in steel prices was reflected in the annual results as a decrease in profit at Metal+ (Plus). - FY2026-H1MaterialisedAnnual report
「Interim profit attributable to owners of the parent was ¥21.4 billion, down ¥2.0 billion, or 8.4%, from the same interim consolidated accounting period of the previous year, due mainly to lower steel prices, despite an increase in business related to automobile production, primarily in North America.」
The decline in steel prices actually emerged as a factor reducing interim profit in Metal + (Plus) by ¥2.0 billion, or 8.4%, year on year. - FY2025RestatedAnnual report
「Commodity price fluctuation risk is largely offset by commodity derivatives, and the effect of commodity price fluctuations on financial figures is immaterial.」
The company continues to explain that commodity price fluctuation risk is addressed through back-to-back sales, matching volumes and pricing dates, and derivatives, and that the impact is immaterial. - FY2025-H1MaterialisedAnnual report
「Interim profit attributable to owners of the parent was ¥25.6 billion, down ¥7.3 billion, or 22.1%, from the same interim consolidated accounting period of the previous year, due mainly to weaker resource market conditions.」
Commodity and resource price fluctuation risk actually emerged as a factor reducing interim profit in the Circular Economy segment by ¥7.3 billion, or 22.1%, year on year through weaker resource market conditions. - FY2022MitigatedAnnual report
「Commodity price fluctuation risk is largely offset by commodity derivatives, and the effect of commodity price fluctuations on financial figures is immaterial.」
The company explains that the financial impact of commodity price fluctuations is immaterial as a result of back-to-back sales, matching volumes and pricing dates, and derivatives. - FY2019MitigatedAnnual report
「Accordingly, we set position limits for each commodity and regularly monitor compliance with those limits. Although we take measures to reduce price fluctuation risk, it cannot necessarily be avoided completely, and depending on commodity market conditions and market trends, it may affect the operating results and financial position of our group.」
In addition to the existing back-to-back sales and derivatives, the company specified commodity-specific position limits and regular monitoring. - FY2018RestatedAnnual report
「Our group mitigates commodity price fluctuation risk through back-to-back sales, matching sales and purchase volumes and pricing dates, and the use of derivative transactions such as futures, options and swaps. Commodity price fluctuation risk is largely offset by commodity derivatives.」
The company continues to address commodity price fluctuation risk through back-to-back sales, matching volumes and pricing dates, and derivatives. - FY2017MitigatedAnnual report
「Our group mitigates commodity price fluctuation risk through back-to-back sales, matching sales and purchase volumes and pricing dates, and the use of derivative transactions such as futures, options and swaps. Commodity price fluctuation risk is largely offset by commodity derivatives.」
The company explains that commodity price fluctuation risk is largely offset through back-to-back sales, matching volumes and pricing dates, and derivatives. - FY2016First statedAnnual report
「The market-traded commodities handled by our group, including non-ferrous metals, crude oil, petroleum products, rubber, food and textiles, are subject to price fluctuation risk. Although we take measures to reduce this risk, it cannot necessarily be avoided completely.」
The company hedges through commodity futures, forwards and swaps, but states that the risk cannot be avoided completely.