Risk of Fluctuations in Mushroom Selling Prices and Demand

「In particular, mushroom prices moved relatively firmly as the Company advanced initiatives including new customer development and regional strategies set out in its new medium-term management plan.」

「During the consolidated fiscal year, generally more vegetables than usual were in short supply because of low rainfall, cold weather and other factors, and vegetable prices remained high. As a result, mushroom prices also moved firmly.」

「In terms of sales, the rainy season was short this year and temperatures remained above normal. In addition, the effects of extreme heat and typhoons left many vegetables generally in short supply, keeping vegetable prices high. As a result, mushroom prices moved firmly and conditions remained stable.」

「During the consolidated fiscal year, relatively warm weather continued compared with the previous year. However, many vegetables were in short supply because of high temperatures and drought in autumn, the peak season for mushroom demand, and vegetable prices remained high. Production adjustments for mushrooms also contributed to mushroom prices remaining above the previous year's levels.」

「In terms of sales, many vegetables were in short supply because of the effects of high temperatures and drought this autumn, and vegetable prices remained high. Continued production adjustments during the third quarter to improve the supply-demand balance for mushrooms resulted in mushroom prices remaining above the previous year's levels.」

「In terms of sales, production adjustments implemented from the beginning of the fiscal year improved the supply-demand balance for mushrooms, while vegetable prices also remained relatively high. As a result, mushroom prices moved firmly and conditions remained stable.」

「In terms of sales, production adjustments implemented from the beginning of the fiscal year improved the supply-demand balance for mushrooms, and prices remained relatively firm, resulting in stable conditions.」

「During the consolidated fiscal year, generally favourable weather supported the growth of fruiting vegetables, and vegetable prices remained low. As a result, among other factors, mushroom prices also remained weak.」

「From early November, favourable weather and rising temperatures supported the growth of fruiting vegetables, causing vegetable prices to remain low, and mushroom prices also remained lower than in the previous year.」

「As in the first quarter, low vegetable prices caused mushroom prices to remain lower than in the previous year.」

「In terms of sales, as in the previous year, ample vegetable supplies kept vegetable prices generally low, so mushroom prices also remained lower than in the previous year.」

「(3) Climate Change Risk Most vegetables sold in Japan are grown outdoors, and crop yields are affected by weather and other factors. As mushroom prices are affected to some extent by vegetable market conditions, climate fluctuations may affect the financial position and operating results of the Group.」

「Even after entering autumn, the peak season for mushroom demand, warm days continued, vegetable prices struggled to rise, and mushroom prices remained weak.」

「In the first half of the second-quarter cumulative consolidated period, continued favourable weather and ample vegetable supplies kept vegetable prices generally low, causing mushroom prices to remain soft. In the latter half, heavy rain beginning in early August caused vegetable prices to surge, and mushroom prices stabilised. However, severe late-summer heat in September caused mushroom demand to stagnate, and mushroom prices remained weak.」

「In terms of sales, continued favourable weather led to ample vegetable supplies and generally low vegetable prices, so mushroom prices also remained lower than in the previous year.」

「From September onward, severe late-summer heat continued, and from October onward weather remained stable and vegetable shipments were plentiful, causing vegetable markets to remain weak. Coupled with consumers' frugality amid concerns about the economic outlook, this caused mushroom prices to remain weak.」

「In terms of sales, mushroom prices remained above the previous fiscal year's levels during the first half of the third-quarter cumulative consolidated period because demand for at-home consumption and other demand related to the impact of COVID-19 kept vegetable markets firm. From September onward, however, days of severe late-summer heat continued, and from October onward weather remained stable without damage from typhoons or other events, resulting in ample vegetable shipments and weak vegetable markets. Coupled with consumers' frugality amid concerns about the economic outlook, this caused mushroom prices to remain weak.」

「In the latter half, vegetable markets also stabilised as a prolonged period of hot late-summer weather continued, while concerns about the economic outlook encouraged consumers to economise, and mushroom prices remained weak.」

「Vegetable supplies remained tight because of low temperatures in early spring, and mushroom prices remained above the previous fiscal year's levels.」

「In the first half of the fiscal year, mushroom prices remained above the previous fiscal year's levels because vegetable markets remained firm. In the latter half, however, mushroom prices remained soft because vegetable markets weakened and the warm winter failed to stimulate demand for hot-pot meals.」

「In terms of sales, although certain typhoons had an impact, warm days continued during the third quarter, vegetables were generally shipped smoothly, and vegetable markets remained soft. As a result, mushroom prices remained below the previous fiscal year's levels.」

「In terms of sales, mushroom prices remained above the previous fiscal year's levels during the first half of the second-quarter cumulative consolidated period because vegetable markets remained firm. In the latter half, however, continued high temperatures weakened demand for root vegetables and mushrooms, and mushroom unit prices remained soft.」

「In terms of sales, mushroom prices remained above the previous fiscal year's levels because vegetable markets remained firm. In particular, strong maitake prices drove sales above plan.」

「Mushroom prices remained firm during the first half of the fiscal year due in part to sharply higher vegetable prices, but mushroom unit prices weakened in the second half as vegetable market conditions deteriorated.」

「In the core domestic mushroom business, mushroom prices remained weak because of the warm winter and sluggish vegetable market prices.」

「In the core domestic mushroom business, mushroom prices remained firm because weather and disasters caused vegetable market prices to rise sharply.」

「Mushroom prices remained low and stable, reflecting the low and stable level of vegetable market prices.」

「During the first half of the fiscal year, mushroom prices remained weak due in part to sluggish vegetable market conditions. During the second half, however, vegetable shortages caused by unsettled weather and typhoons, together with increased hot-pot demand due to cold spells in January and February, kept mushroom prices firm.」

「Although the sales environment remained challenging, including due to the delayed recovery in personal consumption, vegetable growth was delayed in December and shipment volumes declined following the impact of typhoons in October. As vegetable market prices remained high, mushroom prices also remained firm.」

「However, mushroom prices remained extremely weak due to higher raw material costs, rising labor costs, resulting from the change from semi-regular employees to regionally restricted employees, and sluggish vegetable market conditions.」

「Because of seasonal factors arising from the characteristics of mushrooms, the mushroom industry has traditionally tended to experience sluggish unit prices and sales volumes during the off-season from spring through summer, before prices begin to rise as autumn and winter bring the peak demand season. However, during the peak demand season from autumn through winter, price fluctuations arising from changes in climate, such as warmer winters, and the market becoming somewhat oversupplied due to the stable supply of mushrooms could cause consumption to stagnate despite being in the demand season, leading to lower sales volumes and sluggish unit prices and potentially affecting the performance of this business.」

「Because of seasonal factors arising from the characteristics of mushrooms, the mushroom industry has traditionally tended to experience sluggish unit prices and sales volumes during the off-season from spring through summer, before prices begin to rise as autumn and winter bring the peak demand season.」

「Price fluctuations and other factors arising from changes in climate, such as warmer winters, and the market becoming somewhat oversupplied due to the stable supply of mushrooms could cause consumption to stagnate despite being in the demand season, leading to lower sales volumes and sluggish unit prices and potentially affecting the performance of this business.」

「The sales environment remained challenging, including due to the delayed recovery in personal consumption, and mushroom prices remained under pressure.」

「Price fluctuations and other factors arising from changes in climate, such as warmer winters, and the market becoming somewhat oversupplied due to the stable supply of mushrooms could cause consumption to stagnate despite being in the demand season, leading to lower sales volumes and sluggish unit prices and potentially affecting the performance of this business.」

「Price fluctuations and other factors arising from changes in climate, such as warmer winters, and the market becoming somewhat oversupplied due to the stable supply of mushrooms could cause consumption to stagnate despite being in the demand season, leading to lower sales volumes and sluggish unit prices and potentially affecting the performance of this business.」