Commodity Supply/Demand and Price Fluctuation Risk
First written in FY2016. 23 of 37 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Kanematsu moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The impact on profit before tax and other comprehensive income before tax effects of a 1% decline in commodity prices was as follows. Profit before tax: loss of ¥117 million」
The impact on profit before tax of a 1% decline in commodity prices narrowed from a loss of ¥133 million in the previous fiscal year to a loss of ¥117 million. - FY2026-H1MaterialisedAnnual report
「The steel and steel pipe businesses and the energy business remained sluggish, resulting in lower revenue. Meanwhile, transactions in the mobile and ICT solutions businesses remained strong, resulting in higher profit.」
In relation to commodity supply-demand and price fluctuation risks, weak performance and lower revenue in the steel, steel pipe and energy businesses were reflected in actual performance. - FY2025WorsenedAnnual report
「The impact on profit before tax and other comprehensive income before tax effects of a 1% decline in commodity prices was as follows. Profit before tax: loss of ¥133 million」
The impact on profit before tax of a 1% decline in commodity prices widened from a loss of ¥89 million in the previous fiscal year to a loss of ¥133 million. The impact of fuel also widened from a loss of ¥50 million to a loss of ¥99 million. - FY2025-H1MaterialisedAnnual report
「Revenue increased, led by the mobile business, where sales were strong, and the aerospace business, where aircraft and defense-related transactions remained strong. While profit declined in the steel pipe business and others, which were affected by sluggish market conditions, profit increased in the mobile, plant and aerospace businesses and others.」
Sluggish commodity market conditions were reflected in actual performance as a factor contributing to lower profit in the steel pipe business and others. - FY2024-Q3MaterialisedAnnual report
「Revenue increased, led by the mobile business, where sales were recovering, and the energy business, which was affected by the weaker yen and other factors. While profit increased in the ICT solutions business, which remained firm, and the mobile business, which performed well, profit declined in the steel business, where an impairment loss was recorded on equity-method investments, and in the energy business, which was affected by lower domestic demand compared with the strong performance in the same period of the previous year.」
The decline in domestic demand contributed to lower profit in the energy business, reflecting the impact of commodity demand and price fluctuations in third-quarter performance. - FY2024-Q2MaterialisedAnnual report
「Revenue increased, led by Mobile, where sales were recovering, and Energy and Steel Tubes, which were affected by the weaker yen and other factors. Profit increased in businesses such as ICT Solutions and Steel Tubes, which performed solidly, and Aerospace, where trading in aircraft-related components performed well. By contrast, Energy, which was affected by weaker domestic demand, Livestock, which was affected by high overseas market prices and the weaker yen, and Food, where major grain prices remained weak, reported lower profit than in the strong previous-year period.」
Fluctuations in commodity market prices and demand were reflected in second-quarter performance as factors contributing to lower profit in the energy, livestock and food businesses. - FY2024-Q1MaterialisedAnnual report
「Revenue increased, led by the energy business, where energy demand remained firm, the food business, which benefited from higher market prices, and the semiconductor components and manufacturing equipment businesses, where semiconductor component sales remained strong. While profit increased in the ICT solutions business, which remained firm, and the aerospace business, where sales of aircraft-related components grew, profit declined in the livestock business, which was affected by higher overseas market prices and the weaker yen, and in the food business, where major grain market prices remained soft, compared with the strong performance in the same period of the previous year.」
While higher commodity market prices contributed to increased revenue in the food business, higher overseas market prices and soft major grain market prices contributed to lower profit in the livestock and food businesses, reflecting the impact of commodity supply-demand and price fluctuations in actual performance. - FY2023MitigatedAnnual report
「The impact on profit before tax and other comprehensive income before tax effects of a 1% decline in commodity prices was as follows. Profit before tax: loss of ¥60 million」
The impact on profit before tax of a 1% decline in commodity prices narrowed from a loss of ¥139 million in the previous fiscal year to a loss of ¥60 million. Meanwhile, the impact of price fluctuations itself was reflected in actual performance, including the decline in livestock business profit caused by the fall in livestock product market prices. - FY2023-Q3MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the food and steel pipe businesses, which benefited from higher market prices, and the energy business, where higher crude oil prices increased transaction volumes for petroleum products. Profit declined in the mobile business, which was affected by lower commission income due to sluggish unit sales, and in the livestock business, which was affected by a decline in market prices for livestock products overall from summer onward. Meanwhile, profit increased mainly in the energy and steel pipe businesses, reflecting recovering demand and higher market prices, and in the ICT solutions business, which benefited from strong customer demand for digital investment.」
While increases in commodity market prices and crude oil prices contributed to higher revenue in several businesses, the decline in livestock product market prices contributed to lower profit in the livestock business, reflecting the impact of commodity supply-demand and price fluctuations in actual performance. - FY2023-Q2MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the food and livestock businesses, which benefited from higher market prices, and the energy business, where higher crude oil prices increased transaction volumes for petroleum products.」
The increases in commodity market prices and crude oil prices were reflected in actual performance in the second quarter as increased revenue in the food and livestock businesses and higher petroleum product transaction volumes in the energy business. - FY2023-Q1MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the livestock and food businesses, which benefited from higher market prices, and the energy business, where higher crude oil prices increased transaction volumes for petroleum products.」
The increases in commodity market prices and crude oil prices were reflected in actual performance as increased revenue in the livestock and food businesses and higher petroleum product transaction volumes in the energy business. - FY2022WorsenedAnnual report
「The impact on profit before tax and other comprehensive income before tax effects of a 1% decline in commodity prices was as follows. Profit before tax: loss of ¥139 million」
The impact on profit before tax of a 1% decline in commodity prices widened from a loss of ¥50 million in the previous fiscal year to a loss of ¥139 million. - FY2022-Q3MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the livestock and food businesses, which benefited from higher market prices, and the energy business, where higher crude oil prices increased transaction volumes for crude oil and petroleum products.」
Fluctuations in commodity market prices and crude oil prices were reflected in actual performance as increased revenue in the livestock and food businesses and higher transaction volumes in the energy business. - FY2022-Q2MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the livestock and food businesses, which benefited from higher market prices, and the energy business, where higher crude oil prices increased transaction volumes for crude oil and petroleum products.」
Fluctuations in commodity market prices and crude oil prices were reflected in actual performance as increased revenue in the livestock and food businesses and higher transaction volumes in the energy business. - FY2022-Q1MaterialisedAnnual report
「Revenue increased in nearly all businesses, led by the livestock and food businesses, which benefited from higher market prices, the mobile business, where customer visits to shops were recovering, and the energy business, where higher crude oil prices increased transaction volumes for crude oil and petroleum products.」
Fluctuations in commodity prices and supply-demand were reflected in actual performance as increased revenue in the livestock and food businesses due to higher market prices and increased transaction volumes in the energy business due to higher crude oil prices. - FY2021-Q3MaterialisedAnnual report
「While revenue increased in the livestock business, which captured at-home dining demand amid the spread of COVID-19 that continued from the first quarter, revenue declined in the mobile business, where customer visits fell due to people refraining from going out and shorter operating hours following the declaration of a state of emergency, and in the energy business, which was affected by sluggish crude oil prices.」
In relation to commodity demand and price fluctuation risks, lower revenue in the energy business due to sluggish crude oil prices and changes in demand amid the COVID-19 pandemic were reflected in actual performance. - FY2021-Q2MaterialisedAnnual report
「While revenue increased in the agricultural oils and fats trading and livestock businesses and others, reflecting stronger stay-at-home demand resulting from the spread of COVID-19 that continued from the first quarter, revenue declined in the feed trading business, which was affected by falling market prices for fishmeal and other by-products, and in the energy business, which was affected by weaker demand due to people refraining from going out following the declaration of a state of emergency.」
Regarding commodity supply-demand and price fluctuation risks, lower market prices for by-products resulted in lower revenue in feed trading, while falling market prices in the livestock business and lower oil prices led to fewer inquiries for the oil country tubular goods business, all of which were reflected in actual performance. - FY2021-Q1MaterialisedAnnual report
「While revenue increased in the agricultural oils and fats trading and livestock businesses and others, reflecting stronger stay-at-home demand resulting from the spread of COVID-19, revenue declined in the feed trading business, which was affected by falling market prices, and in the energy business, which was affected by weaker demand due to people refraining from going out following the declaration of a state of emergency.」
In relation to commodity supply-demand and price fluctuation risks, falling market prices in feed trading and lower oil prices were reflected in actual performance as lower revenue and weakness in the businesses. - FY2020-Q3MaterialisedAnnual report
「While revenue declined in the semiconductor components and manufacturing equipment businesses, electronic equipment and electronic materials businesses, and others, due to the impact of U.S.-China trade friction and stagnant domestic demand in China, revenue increased in the food business, reflecting growth in forage transaction volumes and higher market prices resulting from U.S.-China trade friction and other factors.」
Changes in the demand and supply-demand environment resulting from U.S.-China trade friction and stagnant domestic demand in China were reflected in actual performance as lower revenue in the semiconductor components and manufacturing equipment businesses and the electronic equipment and electronic materials businesses. Meanwhile, higher market prices contributed to increased revenue in the food business. - FY2020-Q2MaterialisedAnnual report
「While revenue declined in the semiconductor components and manufacturing equipment businesses, electronic equipment and electronic materials businesses, and others, due to the impact of U.S.-China trade friction and stagnant domestic demand in China, revenue increased in the food business, reflecting growth in forage transaction volumes and higher market prices resulting from U.S.-China trade friction and other factors.」
Changes in the demand and supply-demand environment resulting from U.S.-China trade friction and stagnant domestic demand in China were reflected in actual performance as lower revenue in the semiconductor components and manufacturing equipment businesses and others. - FY2020-Q1MaterialisedAnnual report
「Revenue declined in the semiconductor components and manufacturing equipment businesses and others, due to the impact of U.S.-China trade friction and stagnant domestic demand in China.」
In relation to commodity supply-demand and demand fluctuation risks, U.S.-China trade friction and stagnant domestic demand in China were reflected in actual performance as lower revenue in the semiconductor components and manufacturing equipment businesses. - FY2019WorsenedAnnual report
「For the commodity-related derivatives held by the consolidated group at the end of the consolidated fiscal year, the impacts on profit before tax and other comprehensive income before tax effects of a 1% decline in commodity prices were as follows. Profit before tax: loss of ¥74 million」
The impact on profit before tax of a 1% decline in commodity prices widened from a loss of ¥67 million in the previous fiscal year to a loss of ¥74 million. The disclosure also states that the energy business struggled against a backdrop of a temporary decline in crude oil prices. - FY2019-Q3MaterialisedAnnual report
「The energy business was forced to struggle against a backdrop of falling crude oil prices, while oil country tubular goods business in North America and transactions related to plants, machine tools and industrial machinery performed well.」
In relation to commodity price fluctuation risks, the decline in crude oil prices was reflected in actual performance as weakness in the energy business. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2018MitigatedAnnual report
「The Company seeks to reduce the risks arising from commodity price fluctuations by selling against purchases, matching transaction volumes and timing, and using commodity-related derivatives.」
The impact on profit before tax of a 1% decline in commodity prices was ¥67 million, down from ¥88 million in the previous fiscal year. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2017WorsenedAnnual report
「For the commodity-related derivatives held by the consolidated group at the end of the consolidated fiscal year, the impact on profit before tax of a 1% decline in commodity prices was a loss of ¥88 million.」
The impact on profit before tax of a 1% decline in commodity prices widened from a loss of ¥58 million in the previous fiscal year to a loss of ¥88 million. - FY2017-Q3MaterialisedAnnual report
「Meanwhile, the semiconductor components business struggled. As a result, revenue in the Electronics and Devices segment increased by ¥11,962 million year on year to ¥181,292 million, while profit from operating activities increased by ¥2,396 million to ¥9,112 million.」
The weakness in the semiconductor components business was reflected in third-quarter business performance. - FY2017-Q2MaterialisedAnnual report
「Meanwhile, the semiconductor manufacturing equipment business struggled due to the stagnation of the Chinese economy and slowing smartphone demand, among other factors.」
The stagnation of the Chinese economy and slowing smartphone demand related to existing demand decline and commodity supply-demand risks have emerged as weakness in the semiconductor manufacturing equipment business. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new occurrences or material changes have been identified regarding commodity supply-demand and price fluctuation risks. - FY2016First statedAnnual report
「Unexpected losses may arise as a result of sharp fluctuations in commodity prices, a decline in demand or other factors.」
The company covers grains and petroleum products, as well as electronic components and ICT-related products, and mitigates risk through matched sales, matching volumes and timing, and commodity derivatives. A 1% decline in commodity prices would affect pretax profit by ¥58 million.