Revenue and profit decline due to falling steel prices
First written in FY2017-Q2. 10 of 22 entries say "Restated". Latest entry: FY2026.
Canox moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Reframed".
- FY2026Explicitly disclosed the difficulty of passing through price increases and funding risks, in addition to price volatility.Annual report
「The performance of our Group is affected in part by fluctuations in steel prices, and we monitor steel market trends on a daily basis. However, if steel prices fluctuate suddenly and significantly and passing on the price increases is difficult, our operating results could be affected. We also seek to respond rationally to risks that may arise in the distribution process, including excess inventories, stockouts and funding, by promptly analyzing information such as customers' usage volumes and suppliers' production volumes.」
The disclosure has expanded from the previous risks of declining and volatile steel prices to include the difficulty of passing on price increases during periods of sharp price fluctuations, as well as inventory, stockout and funding risks. - FY2025MitigatedAnnual report
「The significant rise in steel prices in recent years increased our Group's working capital requirements, resulting in a substantial increase in interest-bearing debt. However, steel prices have been generally stable recently, and we are working to reduce interest-bearing debt.」
The risk of sudden fluctuations in steel prices continues, but recent price levels have been generally stable and we are working to reduce interest-bearing debt. - FY2023RestatedAnnual report
「Significant increases in steel prices have continued, but market inventories remain high and the outlook for prices is uncertain.」
The disclosure continues to cover ongoing steel price increases and uncertainty over the outlook for prices due to high market inventories. - FY2023-Q3RestatedAnnual report
「In the steel industry surrounding our Company, steel prices continue to rise, affected by surging raw material prices and other factors, while market inventories remain high, making the outlook for prices uncertain.」
The disclosure continues to cover ongoing steel price increases driven by surging raw material prices and uncertainty over the outlook for prices due to high market inventories. - FY2023-Q2WorsenedAnnual report
「In the steel industry surrounding our Company, significant increases in steel prices have continued due to higher prices for imported raw materials and other costs. Whereas last fiscal year's increase was also driven by supply shortages, market inventories are currently at an extremely high level, making the outlook for prices uncertain.」
While steel price increases continue, the drivers of the increases have shifted from supply shortages to higher prices for imported raw materials and other costs. Market inventories are currently at an extremely high level, and the outlook for prices is stated to be uncertain. - FY2023-Q1RestatedAnnual report
「Against the backdrop surrounding our Group, steel market conditions continued to follow an upward trend, while domestic automobile production showed signs of recovery but continued to decline because of difficulties procuring semiconductors and other components.」
The description that steel market conditions continue to follow an upward trend has been retained. In relation to the theme that sharp fluctuations in steel prices affect performance, the disclosures continue to describe a period of rising prices. - FY2022-Q3RestatedAnnual report
「In the steel industry surrounding our Company, significant increases in steel prices have continued worldwide, driven by tightening steel supplies, surging raw material prices and export adjustments by overseas steelmakers, as domestic steelmakers continue to develop their production bases.」
Worldwide steel price increases driven by tight steel supplies, surging raw material prices and export adjustments by overseas steelmakers have continued. - FY2022-Q2ReframedAnnual report
「In the steel industry surrounding our Company, significant increases in steel prices have continued worldwide, driven by tightening steel supplies, surging raw material prices and export adjustments by overseas steelmakers, as domestic steelmakers continue to develop their production bases.」
The description changed from the previous disclosures regarding the risk of declining and volatile steel prices and the maintenance of the previous fiscal year's level to a description of a worldwide period of rising steel prices driven by tight steel supplies, surging raw material prices and export adjustments by overseas manufacturers. - FY2022-Q1ReframedAnnual report
「Against the backdrop surrounding our Group, steel market conditions followed an upward trend, while signs of a gradual recovery also began to emerge in domestic automobile production.」
The description changed from the previous fiscal year's decline in steel prices and risk of a sharp decline to a description that steel market conditions were on an upward trend in the current quarter. - FY2021RestatedAnnual report
「The performance of our Group is affected in part by fluctuations in steel prices, and we monitor steel market trends on a daily basis. However, a sudden and significant decline in steel prices could affect our operating results.」
The disclosure continues to cover the risk that a sudden and significant decline in steel prices could affect performance, as well as measures to monitor market trends. - FY2020RestatedAnnual report
「The performance of our Group is affected in part by fluctuations in steel prices, and we monitor steel market trends on a daily basis. However, a sudden and significant decline in steel prices could affect our operating results.」
The disclosure continues to cover the risk that a sudden and significant decline in steel prices could affect performance, as well as measures to monitor market trends. - FY2020-Q3WorsenedAnnual report
「Steel market conditions have also remained at the previous fiscal year's level, but there are concerns that they may weaken going forward.」
While steel market conditions remain at the previous fiscal year's level, new concerns about weakening conditions ahead have been explicitly stated. - FY2020-Q2RestatedAnnual report
「In the environment surrounding our group, Japan's crude steel production was 50.67 million tonnes, a decrease of 3.0% year on year, while steel market conditions continued to remain at the previous fiscal year's level.」
As in the previous quarter, it is stated that steel market conditions maintained the previous fiscal year's level rather than rising. - FY2020-Q1Steel market conditions changed from an upward trend to maintaining the previous fiscal year's level.Annual report
「Steel market conditions remained at the previous fiscal year's level.」
The description changed from the upward trend in steel market conditions through the previous quarter to a description that they were maintaining the previous fiscal year's level in the current quarter. - FY2019RestatedAnnual report
「The group's business performance is affected in part by fluctuations in steel prices, and rapid and substantial fluctuations in steel prices could affect its operating results.」
The risk of sudden and significant fluctuations in steel prices continues to be disclosed even though steel market conditions are on an upward trend. - FY2019-Q3RestatedAnnual report
「Steel market conditions remained on an upward trend.」
The description that steel market conditions remain on an upward trend has been retained. - FY2019-Q2RestatedAnnual report
「Steel market conditions also remained on an upward trend.」
The description that steel market conditions remain on an upward trend has been retained. - FY2019-Q1ReframedAnnual report
「Steel market conditions remained on an upward trend compared with the previous fiscal year.」
The description changed from the previous fiscal year's decline in steel prices and price volatility risk to a description that steel market conditions remained on an upward trend in the first quarter. - FY2018ReframedAnnual report
「The group's business performance is affected in part by fluctuations in steel prices, and rapid and substantial fluctuations in steel prices could affect its operating results.」
The description was generalized from the specific event of lower revenue caused by falling steel prices in the previous fiscal year to the risk of fluctuations in steel prices, regardless of whether prices rise or fall. - FY2017MaterialisedAnnual report
「Affected by the continued downward trend in steel prices throughout the year, the group's revenue fell below the previous fiscal year due to a decline in the average selling price, totaling ¥106.33 billion, down 2.6% year on year.」
The decline in steel prices and average selling prices was reflected in actual full-year results as lower revenue. However, profit increased due to improved profitability, changing the result from the previously described combination of lower revenue and lower profit to lower revenue and higher profit. - FY2017-Q3DroppedAnnual report
「Under these circumstances, the Group's revenue for the current third-quarter cumulative consolidated period declined 4.9% year on year to ¥78,291 million. However, after working to improve profitability, operating profit rose 0.5% to ¥1,306 million, ordinary profit rose 1.1% to ¥1,401 million, and profit attributable to owners of the parent rose 1.7% to ¥960 million.」
Although revenue has declined, the previous quarter's statement that falling steel prices were the main cause of lower revenue and lower profit cannot be confirmed in this filing. - FY2017-Q2First statedAnnual report
「For the current second-quarter cumulative consolidated period, the Group reported revenue of ¥51,231 million, down 7.1% year on year; operating profit of ¥832 million, down 3.5%; ordinary profit of ¥868 million, down 2.1%; and profit attributable to owners of the parent of ¥594 million, down 1.0%. Revenue and profit both declined, mainly due to lower steel prices.」
The company itself explains that falling steel prices were the main factor behind lower revenue and lower profit.