Growing consumer focus on saving and selective spending
First written in FY2017-Q1. 10 of 24 entries say "Restated". Latest entry: 2026-08-04.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- 2026-08-04RestatedResults presentation
「Profit declined because domestic consumption remained sluggish and price pass-through did not progress sufficiently.」
Weak domestic consumption and difficulty passing through price increases were reconfirmed as market conditions during the quarter. - FY2026-H1RestatedAnnual report
「Meanwhile, concerns remain over the impact of U.S. trade policy and ongoing inflation on personal consumption, and the uncertain outlook continues.」
The company reconfirmed its view of the market environment that ongoing inflation is affecting personal consumption. - FY2024-Q3Sluggish consumption and a preference for saving due to inflationAnnual report
「Meanwhile, the uncertain situation continues, including the prolonged situation in Ukraine and sluggish consumption caused by ongoing inflation.」
While recognizing the normalization of economic activity following the COVID-19 pandemic, the company described sluggish consumption caused by ongoing inflation as part of the business environment. - FY2024-Q2ReframedAnnual report
「Meanwhile, as the industry as a whole continues to revise prices due to persistently high raw material prices and the weak yen, consumers are becoming increasingly focused on protecting their household budgets, and the uncertain situation continues.」
While recognizing the normalization and recovery trend in consumption activity following the reclassification of COVID-19 as a Class 5 disease, the company stated that consumers are becoming increasingly focused on protecting their household budgets against the backdrop of high raw material costs, the weak yen, and ongoing price revisions. - FY2024-Q1ReframedAnnual 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.」
The description of the consumption environment shifted from solid demand for home meals and convenience foods to a shift in demand toward eating out and a pronounced preference for saving due to price increases. - FY2023-Q3RestatedAnnual report
「The processed foods unit operated in an environment where consumer sentiment had cooled due to price increases across the food sector and consumers favored saving. Nevertheless, demand for convenience foods remained solid, and the effects of price increases and initiatives to expand sales proved effective, resulting in higher revenue.」
Although consumer sentiment continued to cool and consumers continued to favor saving due to food price increases, the market view that demand for convenience foods remained solid continues. - FY2023-Q2RestatedAnnual report
「The processed foods unit operated in an environment where consumer sentiment had cooled due to price increases across the food sector and consumers favored saving. Nevertheless, demand for convenience foods remained solid, and initiatives to expand sales proved effective, resulting in higher revenue.」
Although consumer sentiment had cooled due to price increases and consumers favored saving, the market view that demand for convenience foods remained solid continues. - FY2023-Q1Lull in demand for home meals and solid demand for convenience foodsAnnual report
「The processed foods unit operated in an environment where stay-at-home and home-meal demand had leveled off, consumer sentiment had cooled due to price increases across the food sector, and consumers showed a preference for saving. Nevertheless, demand for convenience foods remained solid」
Stay-at-home and home-meal demand had leveled off, and consumer sentiment had cooled due to price increases while consumers favored saving, but demand for convenience foods was described as solid. - FY2022Divergence between household and food-service demandAnnual report
「Sales of household products remained solid, and household consumption of seafood continued to increase, but an early recovery in food-service demand was not expected, and the uncertain situation continues.」
The market environment was described as one in which household products and household consumption remained solid, while a recovery in food-service demand was not expected. - FY2022-Q2RestatedAnnual report
「In the industries related to our Group, sales of household products, including frozen foods, and sales to the prepared-food sector remained solid, while household consumption of seafood continued to increase. However, the recovery in food-service demand remains uncertain, and the uncertain situation continues.」
The view that sales of household products and to the prepared-food sector, together with household consumption of seafood, were solid and trending higher, while the recovery in food-service demand remained uncertain, continues. - FY2022-Q1Continued solid household demand and sluggish food-service demandAnnual report
「In the industries related to our Group, sales of household products, including frozen foods, remained solid, and household consumption of seafood also continued to increase. However, an early recovery in food-service demand, which has been significantly affected by the state of emergency and other measures, is not expected, and the uncertain situation continues.」
Sales of household products and household consumption of seafood were solid and trending higher, while an early recovery in food-service demand was not expected. - FY2021-Q3Continued preference for saving and weak sales to food-service businessesAnnual report
「In the industries related to our Group, sales of household products remained solid, but consumers' preference for saving strengthened amid deteriorating corporate performance and employment conditions. Sales to the food-service industry also remained weak, while domestic handling of seafood, particularly fresh and farmed fish, remained sluggish. Accordingly, the uncertain situation continues.」
While sales of household products remained solid, consumers' preference for saving strengthened against the backdrop of deteriorating corporate performance and employment conditions, and sales to food-service businesses and handling of fresh and farmed fish remained weak. - FY2021-Q2Expansion of household products due to stay-at-home demand and weak sales to food-service businessesAnnual report
「In the industries related to our Group, sales of household products remained solid, but inbound demand disappeared and sales to the food-service industry continued to be weak. Domestic handling of seafood also remained weak, particularly for premium products, and the uncertain situation continues.」
While sales of household products remained solid, the market environment was described as characterized by the disappearance of inbound demand, weak food-service sales, and weak handling of premium seafood. - FY2020-Q3Changes in consumer sentiment due to the consumption tax increase and natural disastersAnnual report
「Changes in consumer sentiment associated with the impact of the consumption tax increase and natural disasters such as major typhoons are a concern as risk factors.」
Changes in consumer sentiment associated with the consumption tax increase and natural disasters such as major typhoons are described as risks in the consumption environment. - FY2020-Q2Continued business impact of sluggish consumptionAnnual report
「The fish receiving unit posted lower revenue as the volume handled across all fresh fish categories declined. Profit margins also fell, resulting in lower profit, due to lower market prices and sluggish consumption.」
Lower market prices and sluggish consumption continue to be reflected in the fish receiving unit's results through lower handling volume, lower profit margins, and lower profit. - FY2020-Q1Business impact of sluggish consumptionAnnual report
「The fish receiving unit posted lower revenue as the volume handled across all fresh fish categories declined. Profit margins also fell, resulting in lower profit, due to lower market prices and sluggish consumption.」
Lower market prices and sluggish consumption have been reflected in the fish receiving unit's results through lower profit margins and lower profit. - FY2019-Q1SoftenedAnnual report
「Although consumer sentiment has shown signs of recovery, the industries related to our Group continue to face an uncertain situation due to worsening labor shortages and rising raw material prices, among other factors.」
Consumer sentiment was described as showing signs of recovery, with no explicit reference to the previous trend toward stronger saving and selective spending. - FY2018SoftenedAnnual report
「Personal consumption has also shown signs of recovery,」
Although no explicit reference was made to the previous trend toward stronger saving and selective spending, personal consumption was described as showing signs of recovery. - FY2018-Q2RestatedAnnual report
「The uncertain situation continues, as consumers' preference for saving amid concerns about the future remains in place.」
This indicates a market view that consumers' preference for saving, driven by concerns about the future, is continuing. - FY2018-Q1RestatedAnnual report
「Personal consumption lacks strength, with consumers continuing to favor saving amid concerns about the future,」
This indicates a market view that consumers' preference for saving, driven by concerns about the future, is continuing. - FY2017RestatedAnnual report
「Although personal consumption has shown signs of recovery, the tendency toward selective spending focused on improving quality of life has strengthened in addition to consumers' preference for saving.」
While recognizing the recovery in personal consumption, the stronger preference for saving and selective spending continues to be described as part of the market environment. - FY2017-Q3RestatedAnnual report
「In personal consumption, in addition to consumers' preference for saving, the tendency toward selective spending focused on improving quality of life has strengthened.」
Consumers' stronger preference for saving and selective spending continue to be recognized as features of the personal-consumption market environment. - FY2017-Q2RestatedAnnual report
「In personal consumption, in addition to consumers' preference for saving, the tendency toward selective spending focused on improving quality of life has strengthened.」
Consumers' stronger preference for saving and selective spending continue to be recognized as features of the personal-consumption market environment. - FY2017-Q1First statedAnnual report
「Although personal consumption has been broadly flat, consumers' preference for saving in response to higher food and daily-goods prices has strengthened, as has the tendency toward selective spending focused on improving quality of life.」
This reflects the market view that, against the backdrop of higher food and daily-goods prices, consumers' preference for saving and selective spending focused on quality of life has strengthened.