Amid soaring raw material prices and the depreciation of the yen, more than half of small and medium-sized enterprises in Tokyo have not been able to pass on half of the increased costs to the prices of goods and services, according to survey results.
This survey was conducted last month by the Tokyo Chamber of Commerce and Industry, targeting more than 2,700 small and medium-sized enterprises in Tokyo, and received responses from more than 1,000 companies.
When asked whether they have passed on the increased costs due to soaring raw material prices and the ongoing depreciation of the yen to the prices of goods and services over the past year,
▽Companies that answered "We have not been able to do so at all." 22.9%
▽ 29.7% answered that less than
half could be passed on, highlighting the reality that more than half of the total increased costs could not be passed on.
In addition, when we asked the companies that have not sufficiently passed on the reasons for multiple answers,
33.8% said that "demand is declining,"
followed by
31.3
% that "competitors have not raised sales prices."
For example, 30.6% said that “consumers' desire to save money and low prices continues or strengthens.”
Regarding the results of the survey, the person in charge said, "Even companies that have been able to pass on costs have said, 'Costs have not stopped rising and must be repeated in the future.' We will continue to monitor developments," he said.