Price Fluctuations in Pulp, Wood Chips, Recovered Paper and Other Commodities
First written in FY2016. 14 of 19 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2026.
Kpp Group Holdings moved to the "Worse" side of this theme in 2019, 2 years after the typical company in this theme (2017).
The whole theme swung hardest in 2025: 5 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Recovered paper selling prices fluctuate significantly in response to imports by the world's major recovered paper-consuming countries. If prices fall sharply over a short period, the risk may not be fully avoidable.」
The company continues to disclose commodity market fluctuation risk for recovered paper, pulp and other products, citing expansion of sales channels for recovered paper, securing suppliers, setting pulp selling prices and reducing inventories as responses. - 2026-05-14MaterialisedEarnings
「In the paper business, we expect lower demand for graphic paper and higher procurement prices in each segment region,」
Lower demand for graphic paper and higher procurement prices were explicitly identified as assumptions underlying the earnings forecast for the following fiscal year. - FY2026-H1MaterialisedAnnual report
「In the paper raw materials segment, recovered paper sales volumes and sales exceeded the previous year's levels, but profit fell below the previous year's level due to persistently high purchase prices. Market pulp sales and profit both fell below the previous year's levels due to declining market conditions.」
Commodity price fluctuation risk materialised in interim results as lower profit from persistently high recovered paper purchase prices and lower market pulp sales and profit due to declining market conditions. - FY2025MaterialisedAnnual report
「Market pulp posted a loss due to a sharp decline in market conditions and the impact of foreign exchange rates.」
Fluctuations in commodity market conditions and foreign exchange rates materialised in results for the year as market pulp posted a loss. In contrast, recovered paper posted higher sales and profit as market prices stabilised. - FY2025-H1MaterialisedAnnual report
「In the paper raw materials segment, domestic demand for paper and paperboard declined, reducing recovered paper generation and sales volumes. However, lower generation stabilised market prices, and sales and profit exceeded the previous year's levels. Market pulp posted higher profit as market conditions improved from the previous year.」
Fluctuations in market prices accompanying changes in demand for paper and paperboard and in recovered paper generation materialised in actual results through recovered paper sales volumes, sales and profit, as well as higher profit from market pulp. - FY2024MaterialisedAnnual report
「Recovered paper generation and prices remained weak as demand for paper and paperboard declined. Market pulp also posted lower profit due to higher import pulp costs caused by the weaker yen.」
Weak recovered paper prices and higher pulp import costs continue to be reflected in results as lower sales volumes, sales and profit. - FY2024-Q3MaterialisedAnnual report
「In the paper raw materials segment, domestic demand for paper and paperboard declined, resulting in lower generation of recovered paper and sales volumes below the previous year's level. Sales also fell below the previous year's level due to declining market prices. Market pulp posted lower profit due to declining market conditions.」
Declining market prices for recovered paper and market pulp continue to be reflected in results as recovered paper sales fall below the previous year's level and market pulp profit declines. - FY2024-Q2MaterialisedAnnual report
「In the paper raw materials segment, generation of recovered paper continued to decline amid weak domestic demand for paper and paperboard, causing sales volumes and sales to fall below the previous year's levels. Market pulp posted lower profit due to declining market conditions.」
Declining market prices for recovered paper and market pulp materialised in actual results as recovered paper sales fell below the previous year's level and market pulp profit declined. - FY2024-Q1MaterialisedAnnual report
「In the paper raw materials segment, nationwide generation of recovered paper declined, but sales volumes remained flat as a result of efforts to collect it in-house. Sales nevertheless fell below the previous year's level due to declining market prices.」
Commodity price fluctuation risk materialised in quarterly results as sales fell below the previous year's level due to lower market prices for recovered paper. - FY2023-Q1MaterialisedAnnual report
「In the paper raw materials segment, recovered paper sales volumes and sales substantially exceeded the previous year's levels as prices rose amid tight supply and demand caused by lower generation of household recovered paper. Pulp sales volumes and sales also substantially exceeded the previous year's levels, despite lower demand from domestic household paper manufacturers, due to increased exports to China and higher selling prices.」
Higher prices resulting from lower generation of household recovered paper and higher pulp selling prices materialised in actual results as increased sales of recovered paper and pulp. - FY2022MaterialisedAnnual report
「Because pulp is traded in global commodity markets, its selling and purchase prices fluctuate in line with market conditions. Market conditions were stable in the first half of fiscal 2021 but began to decline after the summer, then prices rose sharply from the end of the year through the present, leaving the business exposed to price fluctuation risk.」
Pulp prices fluctuated during the year, stabilising, declining and then rising sharply, with commodity price fluctuation risk continuing to manifest itself in the actual business environment. - FY2022-Q1MaterialisedAnnual report
「Pulp sales increased substantially due to a global surge in pulp prices.」
The global surge in pulp prices materialised as an actual commodity price fluctuation and was reflected in results as a substantial increase in pulp sales. - FY2021MaterialisedAnnual report
「In particular, China's restrictions on recovered paper imports, introduced over environmental concerns, caused significant fluctuations in export prices and materially affected results for the fiscal year.」
The company states that price fluctuations caused by China's restrictions on recovered paper imports materially affected results for the year, showing that commodity market fluctuation risk continues to materialise in actual performance. - FY2020-Q2MaterialisedAnnual report
「Pulp sales to the domestic household paper market performed well, but a sharp decline in the selling price, which had remained high, caused sales to fall below the previous year's level.」
The decline in pulp selling prices continues to materialise in actual results as sales falling below the previous year's level. - FY2020-Q1MaterialisedAnnual report
「Pulp sales declined as the selling price, which had remained high, fell.」
Commodity price fluctuation risk has materialised in actual results as a decline in pulp selling prices and sales. - FY2019RestatedAnnual report
「The purchase prices of paper, paperboard and other products, which are the Group's principal products, are affected by global demand for pulp, chips, recovered paper and other raw materials, as well as trends in fuel prices such as crude oil. If these prices rise sharply, they will affect product purchase prices.」
The company continues to disclose the risk of fluctuations in commodity market conditions and raw material prices, along with its policy of addressing the risk through price negotiations with customers. - FY2018RestatedAnnual report
「The purchase prices of paper, paperboard and other products, which are the Group's principal products, are affected by global demand for pulp, chips, recovered paper and other raw materials, as well as trends in fuel prices such as crude oil. If these prices rise sharply, they will affect product purchase prices.」
The company continues to disclose commodity price fluctuation risk and refers not only to raw materials but also to fuel prices such as crude oil and the extent to which cost increases are passed through to selling prices. - FY2017-Q2WorsenedAnnual report
「In Southeast Asia, sales remained sluggish as prices declined amid oversupply across many product categories.」
The company specifically states that oversupply in Southeast Asia caused prices to decline, with fluctuations in commodity prices affecting sales. - FY2016First statedAnnual report
「Prices for pulp, chips and recovered paper, which are raw materials for paper and paperboard, tend to fluctuate sharply in response to global demand trends, affecting the purchase prices of raw materials and products for our Group.」
The company states that it will continue negotiating prices with customers and seek to secure an appropriate profit margin.