QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: The Company is not significantly exposed to the impact of interest rate changes or foreign currency fluctuations.
+Added: The Company is not significantly exposed to the direct impact of interest rate changes or foreign currency fluctuations.
+Added: Nevertheless, one of the Company’s major competitors is located in Japan.
+Added: The relative strength of the US dollar versus the Japanese yen can have a negative impact on the Company’s ability to raise prices when necessary to offset increasing costs.
The Company has not used derivative financial instruments.
−Removed: Although CPS has not been directly impacted by the war in Ukraine or by the war between Israel and Gaza, potential supply chain disruptions and its impact on energy costs are areas where we could be impacted in the future.
+Added: Although CPS has not been directly impacted by the war in Ukraine, potential supply chain disruptions and its impact on energy costs are areas where we could be impacted in the future.
Inflation is an area where we have seen some impact on our business.
−Removed: We have seen price increases in commodity raw materials, as well as increases in other costs of doing business.
+Added: We have seen significant price increases in commodity raw materials, such as aluminum, as well as increases in other costs of doing business.
As we receive new orders we have been able to pass on most of these costs to our customers.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.