Structural transformation of the household frozen food business following the destruction of the Hiroshima plant
First written in FY2023. . Latest entry: FY2024-Q3.
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- FY2024-Q3Higher profit from productivity improvements, while the shortfall from the fire-related loss remains uncoveredAnnual report
「The Processed Foods Unit saw lower sales volumes as price increases strengthened consumers' cost-saving orientation, and revenue declined because it was unable to fully cover the fire-related loss at the Hiroshima Plant in the previous year. Profit increased, however, owing to improved productivity and the effects of price revisions.」
Revenue declined because the Company was unable to fully cover the shortfall from the previous year's Hiroshima Plant fire, while profit increased owing to improved productivity and the effects of price revisions. - FY2024-Q1Revenue decline from the shortfall caused by the Hiroshima Plant fire and the increasing impact of price increasesAnnual report
「The processed foods unit struggled as demand shifted from home meals to eating out compared with the trend through the previous year, while consumers' preference for saving due to price increases became pronounced. Revenue declined, including the loss of sales recorded in the previous fiscal year due to the fire at the Hiroshima plant. Profit, however, increased as price increases took effect.」
While the shortfall from the previous fiscal year's loss caused by the Hiroshima Plant fire continued to weigh on revenue in the current quarter, profit increased as price increases took effect. - FY2023First statedAnnual report
「In the household frozen food business following the loss of the Hiroshima Plant, the Company will review, transform and expand its business structure. It will also work to further improve profitability through price revisions in response to the external environment and product differentiation.」
For the household frozen food business following the fire at the Hiroshima Plant, the Company presented the review, transformation and expansion of its business structure, price revisions and product differentiation as new measures.