Market Price Fluctuations for Products and Raw Materials
First written in FY2016. 26 of 29 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-31.
Sato Sho-Ji moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the steel business, sales to the commercial vehicle and construction and industrial machinery industries, its principal customer sectors, remained firm, but the business was affected by falling material prices, among other factors,」
Falling material prices materialized in the results as a factor behind lower revenue and lower profit in the steel business. - 2026-05-14MaterialisedPresentation materials on financial results
「Steel Business: net sales down 1.2%; operating income down 8.0%. Although sales volumes remained solid, the impact of lower unit prices resulting from falling material prices led to lower sales and income.」
The results show that falling material prices affected net sales and operating income in the Steel Business. - FY2026-H1MaterialisedAnnual report
「In the steel business, sales to the commercial vehicle and construction and industrial machinery industries, its principal customer sectors, remained firm, but the business was affected by falling material prices, among other factors,」
Falling material prices materialized in the results as a factor behind lower revenue and lower profit in the steel business. In addition, falling bullion prices contributed to lower revenue in the non-ferrous metals business. - FY2025MaterialisedAnnual report
「In the non-ferrous metals business, revenue was ¥41,954 million, up 6.8% year on year, due in part to the impact of price fluctuations resulting from fluctuations in bullion prices, but」
Fluctuations in bullion prices were reflected in actual results as a factor explaining revenue in the non-ferrous metals business, while profit also declined because of sluggish parts sales amid the impact of price changes. - FY2025-H1MaterialisedAnnual report
「In the Steel Business, despite the impact of higher material prices, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained weak. As a result, revenue was ¥89,342 million, down 3.1% year on year, and operating profit was ¥1,528 million, down 15.8%.」
Higher material prices were cited as a factor explaining performance in the steel business, while higher bullion prices also contributed to higher revenue in the non-ferrous metals business. Meanwhile, despite rising prices, the steel business reported lower revenue and lower profit, while profit declined in the non-ferrous metals business due to sluggish parts sales. - FY2024-Q1MaterialisedAnnual report
「In the steel business, in addition to the impact of higher steel prices, and in the non-ferrous metals business, in addition to the impact of fluctuations in bullion prices, among other factors,」
Higher steel prices and fluctuations in bullion prices are reflected in the quarter's results as factors explaining revenue and operating profit in the steel and non-ferrous metals businesses. - FY2023MaterialisedAnnual report
「In the steel business, in addition to the impact of higher steel prices, and in the non-ferrous metals business, in addition to the impact of fluctuations in bullion prices,」
Higher steel prices and fluctuations in bullion prices continue to be reflected in actual results as factors explaining revenue and profit in the steel and non-ferrous metals businesses. - FY2023-Q3MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of fluctuations in ingot prices, sales to the commercial vehicle sector, a major customer industry, remained solid. As a result, revenue was ¥31,078 million, up 19.2% year on year, and operating profit was ¥331 million, up 14.0%.」
Fluctuations in bullion prices continue to be cited as a factor explaining business performance, and the impact of commodity market fluctuations has materialized in the results. Meanwhile, firm sales to the commercial vehicle industry resulted in higher revenue and higher profit. - FY2023-Q2MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of fluctuations in ingot prices, sales to the commercial vehicle sector, a major customer industry, remained solid. As a result, revenue was ¥19,945 million, up 21.9% year on year. However, operating profit was ¥162 million, down 7.2%, due mainly to higher procurement costs for imported products and other items.」
Fluctuations in bullion prices and increased purchasing costs for imported products and other items materialized in the results as a decline in operating profit in the non-ferrous metals business. - FY2023-Q1MaterialisedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, the Japanese economy was moving toward normalization of economic activity as the spread of COVID-19 eased, but conditions remained uncertain, with raw material prices continuing to rise and the yen depreciating sharply.」
Soaring raw material prices were an actual feature of the operating environment during the quarter. By segment, higher steel prices contributed to higher revenue and profit in the steel business, while increased purchasing costs for imported products and other items contributed to lower profit in the non-ferrous metals and Life Sales businesses. - FY2022-Q3MaterialisedAnnual report
「In the steel business, in addition to the impact of higher steel prices, and in the non-ferrous metals business, in addition to the impact of higher bullion prices,」
It is stated that fluctuations in steel prices and bullion prices materially affected revenue and profit in the steel and non-ferrous metals businesses during the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「In the steel business, in addition to the impact of higher steel prices, and in the non-ferrous metals business, in addition to the impact of higher bullion prices,」
It is stated that fluctuations in steel prices and bullion prices materially affected revenue and profit in each business during the cumulative second quarter. - FY2022-Q1RestatedAnnual report
「In the non-ferrous metals business, in addition to the impact of fluctuations in bullion prices, sales to the commercial vehicle industry, a key customer sector, remained firm, among other factors,」
The impact of fluctuations in bullion prices continues to be cited. Meanwhile, the non-ferrous metals business recovered to operating profit on the strength of sales to the commercial vehicle industry. - FY2021MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of lower ingot prices, sales to the commercial vehicle sector, a major customer industry, were weak. As a result, revenue was ¥24,903 million, down 14.3% year on year, and operating profit was ¥123 million, down 57.1%.」
Fluctuations in commodity market prices resulting from falling bullion prices materialized in the results as lower revenue and lower profit in the non-ferrous metals business. - FY2021-Q3MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of lower ingot prices, sales to the commercial vehicle sector, a major customer industry, were weak. As a result, revenue was ¥17,111 million, down 22.1% year on year, and operating profit was ¥29 million, down 85.5%.」
The risk of price fluctuations resulting from falling bullion prices materialized in the results as lower revenue and a substantial decline in operating profit in the non-ferrous metals business. - FY2021-Q2MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of lower ingot prices, sales to the commercial vehicle sector, a major customer industry, were weak. As a result, revenue was ¥10,122 million, down 32.8% year on year, and operating profit was ¥2 million, down 98.4%.」
The impact of falling bullion prices materialized in the results as lower revenue and lower profit in the non-ferrous metals business. - FY2021-Q1MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of fluctuations in ingot prices, sales to the commercial vehicle sector, a major customer industry, were weak. As a result, revenue was ¥4,911 million, down 37.0% year on year, and the business recorded an operating loss of ¥18 million, compared with operating profit of ¥58 million in the same period of the previous year.」
Fluctuations in bullion prices, together with sluggish sales to the commercial vehicle industry, materialized in the results as a 37.0% decline in revenue and an operating loss in the non-ferrous metals business. - FY2020MaterialisedAnnual report
「In the Non-Ferrous Metals Business, the commercial vehicle sector remained solid. However, due mainly to the impact of price changes resulting from fluctuations in ingot prices, revenue was ¥29,070 million, down 14.8% year on year, and operating profit was ¥287 million, down 11.8%.」
The impact of fluctuations in bullion prices materialized in the full-year results as lower revenue and lower profit in the non-ferrous metals business. - FY2020-Q3MaterialisedAnnual report
「In the Non-Ferrous Metals Business, the commercial vehicle sector remained solid. However, due mainly to the impact of price changes resulting from fluctuations in ingot prices, revenue was ¥21,970 million, down 14.4% year on year, and operating profit was ¥202 million, down 12.1%.」
The impact of bullion price fluctuations was reflected in actual results as lower sales and profit in the first 3 quarters of the nonferrous metals business. - FY2020-Q2MaterialisedAnnual report
「In the Non-Ferrous Metals Business, the commercial vehicle sector remained solid. However, due mainly to the impact of price changes resulting from fluctuations in ingot prices, revenue was ¥15,070 million, down 11.4% year on year, and operating profit was ¥154 million, down 8.3%.」
The impact of bullion price fluctuations was reflected in actual results as lower sales and profit in the nonferrous metals business. - FY2020-Q1MaterialisedAnnual report
「In the Non-Ferrous Metals Business, in addition to the impact of fluctuations in ingot prices, transactions with some users shifted to local procurement. As a result, revenue was ¥7,794 million, down 10.7% year on year, and operating profit was ¥58 million, down 35.7%.」
Fluctuations in bullion prices were reflected in actual results as a factor behind lower sales and profit. - FY2019MaterialisedAnnual report
「However, the initial plan did not anticipate the impact of material prices, and excluding that price impact, performance has not reached the target level. Accordingly, there are no changes to the performance targets at this time.」
The report states that material prices contributed to sales and operating income and also affected the assessment of progress toward the performance targets. - FY2019-Q1MaterialisedAnnual report
「Due to delays in passing higher purchase prices through to selling prices, depreciation and temporary expenses associated with the relocation of the Kanagawa Branch, and other factors, operating income was ¥625 million, down 9.8% year on year.」
The delay in passing higher purchase prices through to selling prices was reflected in a 9.8% decline in steel business operating income, indicating that the impact of product and raw material price fluctuation risks continued. - FY2018MaterialisedAnnual report
「However, the initial plan did not anticipate the impact of material prices, and excluding that price impact, performance has not reached the target level. Accordingly, there are no changes to the performance targets at this time.」
The report states that fluctuations in material prices actually affected sales and operating income and also affected the assessment of progress toward the targets. - FY2017RestatedAnnual report
「We generally address these risks through a hedging system based on discussions with users and manufacturers, while also taking measures such as cost reductions. However, the impact of price fluctuations cannot be overlooked.」
The report again cites the risks of price fluctuations due to commodity market conditions, procurement difficulties and excess inventories, along with responses through discussions with users and manufacturers and information analysis. - FY2017-Q1MaterialisedAnnual report
「In the nonferrous metals business, due to declining selling prices in the commercial vehicle industry, a key customer industry, among other factors, sales were ¥6.96 billion, down 13.7% year on year, and operating income was ¥49 million, down 25.6%.」
The decline in selling prices was reflected in actual results as lower sales and operating income in the nonferrous metals business. - FY2016First statedAnnual report
「Prices of the main products and raw materials used in our group's steel, nonferrous metals and electronic materials businesses fluctuate according to domestic and overseas commodity market conditions.」
In addition to price fluctuations, the report also mentions the risks of procurement difficulties and excess inventories.