Komori
Sanritsu (9366) · RiskMitigatedLatest Earnings presentation materials (2026-06-05): "Worsened"

Price fluctuations in timber, corrugated cardboard, steel and diesel fuel

First written in FY2016. 15 of 25 entries say "Restated". Latest entry: 2026-06-05.

25entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2022-Q3MitigatedFY2025-H1 – FY2026-H12016: 120162017: 320172018: 320182019: 320192020: 220202021: 220212022: 420222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
Composite risk from competition, price fluctuations, accidents and other factors in the logistics businessA theme 33 companies write about · 39 as a headwind · 0 as a tailwind

Sanritsu moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).

The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.

3 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 33 companies compared. The sentences above are computed from all 33.
Full recordFilings, disclosures and news, newest first
  1. 2026-06-05WorsenedEarnings presentation materials

    「Decline in gross margin due to price increases」

    Rising energy prices, transportation costs and material prices were described as risks that could reduce the gross margin.
  2. FY2026-H1MitigatedAnnual report

    「Segment profit increased as the company advanced the pass-through to customers of higher transportation costs.」

    The company advanced the pass-through to customers of higher transportation costs, and segment profit in the transportation business increased 40.9% year on year.
  3. FY2025-H1MitigatedAnnual report

    「Sales and segment profit both increased as handling of medical equipment, which had declined sharply in the previous year, recovered, handling of small precision equipment remained strong, and the company advanced the pass-through to customers of higher subcontracting costs.」

    In the transportation business, the company advanced the pass-through to customers of higher subcontracting costs, and sales and profit increased alongside the recovery in handling of medical and small precision equipment.
  4. FY2024WorsenedAnnual report

    「Operating profit declined because, although the company negotiated with customers to pass on the increase in subcontracting costs in the transportation business, it was unable to offset the increase sufficiently, and, in addition, selling, general and administrative expenses increased as the company actively secured personnel to strengthen its business platform.」

    Although the company negotiated to pass on the increase in subcontracting and other costs, it was unable to offset it sufficiently. The increase in selling, general and administrative expenses associated with securing personnel also contributed to the decline in operating profit.
  5. FY2024-Q2WorsenedAnnual report

    「Operating profit declined because, although the company continued negotiating with customers to pass on the increase in material and other costs and worked to reduce costs by reviewing the materials used, it was unable to offset the increase sufficiently, and, in addition, selling, general and administrative expenses increased as the company actively secured personnel to strengthen its business platform.」

    Material and other costs continued to rise. Even after negotiating to pass costs on to customers and reviewing the materials used, the increase could not be offset sufficiently and became a factor in the decline in operating profit.
  6. FY2024-Q1RestatedAnnual report

    「Regarding the increase in material and other costs, the company continued negotiating with customers to pass on the higher costs and worked to reduce costs by reviewing the materials used, but was unable to offset the increase sufficiently.」

    The increase in material and other costs continued. Even after negotiating to pass costs on to customers and reviewing the materials used, the increase could not be offset sufficiently and became a factor in the decline in operating profit.
  7. FY2023-Q3WorsenedAnnual report

    「Operating profit declined because, although the company worked to offset the increase in material costs resulting from higher raw material prices through price pass-through to customers and cost reductions from reviewing the materials used, it was unable to offset the increase sufficiently, and, in addition, selling, general and administrative expenses increased as the company actively secured personnel to strengthen its business platform.」

    Although the company passed higher raw material costs on to customers and reviewed the materials used, it was unable to offset the increase sufficiently, making it a factor in the decline in operating profit.
  8. FY2023-Q2WorsenedAnnual report

    「Although the company worked to offset the increase in material costs resulting from higher raw material prices through price pass-through to customers and cost reductions from reviewing the materials used, it was unable to offset the full increase in raw material prices.」

    In response to higher raw material prices, the company passed costs on to customers and reduced costs by reviewing the materials used, but was unable to offset the increase, making it a factor in the decline in segment profit for the packaging business and company-wide operating profit.
  9. FY2023-Q1MaterialisedAnnual report

    「Although the company worked to offset the increase in material costs resulting from higher raw material prices through price pass-through to customers and cost reductions from reviewing the materials used, it was unable to offset the full increase in raw material prices.」

    Higher raw material prices led to an actual increase in material costs. Even after passing costs on to customers and reviewing the materials used, the increase could not be offset and became a factor in the decline in operating profit.
  10. FY2022MaterialisedAnnual report

    「Operating profit increased despite the impact of higher material and fuel costs, owing to higher sales and a review of staffing arrangements at each operating site as a measure to reduce cost of sales.」

    The company stated that higher material and fuel costs had an actual impact on profit in relation to the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  11. FY2022-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  12. FY2022-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  13. FY2021-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  14. FY2021-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  15. FY2021-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  16. FY2020-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  17. FY2020-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  18. FY2019-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  19. FY2019-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  20. FY2019-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  21. FY2018-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  22. FY2018-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  23. FY2018-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company disclosed that there had been no material changes in the risk of price fluctuations in timber, corrugated cardboard, steel, diesel fuel and other materials.
  24. FY2017RestatedAnnual report

    「Fluctuations in the prices of raw materials such as timber, corrugated cardboard and steel, which make up the cost of the packaging business, and diesel fuel and other costs that make up the cost of the transportation business, are affected by fluctuations in crude oil prices and exchange rates and may result in higher cost of sales.」

    The risk of higher costs due to fluctuations in timber, corrugated cardboard, steel, diesel fuel, crude oil prices and exchange rates remains.
  25. FY2016First statedAnnual report

    「Fluctuations in the prices of raw materials such as timber, corrugated cardboard and steel, which make up the cost of the packaging business, and diesel fuel and other costs that make up the cost of the transportation business, are affected by fluctuations in crude oil prices and exchange rates and may result in higher cost of sales.」

    Although the company is working to procure at lower prices and reduce costs, it identifies fluctuations in raw materials, fuel, crude oil prices and foreign exchange rates as risks.
Moved together

"Consolidated operating profit of ¥950 million and operating margin of 5.8% targeted for the fiscal year ending March 2020" moved the same way as this thread, in the same document, in 5 of its 25 moves.

544332★123456
  1. ★This thread
  2. 1Consolidated operating profit of ¥950 million and operating margin of 5.8% targeted for the fiscal year ending March 20205×
  3. 2Domestic and overseas economic trends and fluctuations in customer export demand4×
  4. 3Liquidity Risk Relating to Funding4×
  5. 4Political, Economic, Legal and Regulatory, and Foreign Exchange Risks at Overseas Locations3×
  6. 5Damage to Logistics Facilities and Service Interruptions Caused by Natural Disasters3×
  7. 6Capital Investment Focused on Growth Segments and Customer Service2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Sanritsu yet. It last moved in the Earnings presentation materials of 2026-06-05: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Price fluctuations in timber, corrugated cardboard, steel and diesel fuel | SANRITSU CORPORATION (9366) | Komori