Impact on product supply due to the intensification of the situation in the Middle East.
TOSO COMPANY,LIMITED Corporate Sales Department
Due to the recent escalation of tensions in the Middle East, there has been a rise in raw material prices and energy costs due to soaring crude oil prices, along with disruptions in the supply chain of crude oil and petroleum products. Consequently, there are some challenges emerging in the procurement of raw materials that our company sources, leading to an uncertain outlook regarding future procurement volumes and price trends. Our company will make every effort to maintain stable supply through measures such as securing inventory and reviewing production plans. However, depending on future circumstances, we may be forced to impose shipping restrictions, delays in delivery, or price revisions for our products. We will continue to monitor the situation closely and do our utmost to ensure stable supply, but if it becomes necessary to implement the aforementioned measures, we will inform you as early as possible. We kindly ask our customers for their understanding and cooperation regarding these circumstances.
