High Raw-Material Prices and Volatile Feed Prices
First written in FY2017-Q1. 16 of 30 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-11-13.
Akikawa Foods & Farms moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 129 of 167 companies on the "Worse" side.
54 other companies' latest entry also says "Worsened".
- FY2026RestatedAnnual report
「Feed ingredient prices fluctuate significantly depending on crop conditions, ocean freight rates, exchange-rate movements, global demand trends, and speculative fund flows.」
The company continues to disclose fluctuations in feed prices and the risks of higher costs and passing them on to product prices if high prices persist as business and other risks. - FY2025-H1Shift to price reductions from October amid persistently high feed pricesAnnual report
「Profit declined due to factors including persistently high feed prices resulting from the weaker yen, higher procurement costs, and lower compensation income from the feed price stabilization fund. More recently, in addition to the positive factor that feed prices turned lower from October, the company has been energetically pursuing various initiatives, including stronger sales in both wholesale and direct sales, the penetration of price increases, and productivity improvements at each plant.」
The company states that persistently high feed prices resulting from the weaker yen and higher procurement costs became factors behind the decline in profit, while feed prices turned lower from October. - FY2024-Q2MaterialisedAnnual report
「In terms of profit, despite cost increases such as higher feed prices and labor costs, profit increased due to higher sales, the effects of price increases, and improved productivity at chicken packing centers and frozen food plants, among other factors.」
Higher feed prices continue to increase costs together with rising labor costs, but profit increased due to higher sales, price increases, and improved productivity. - FY2024-Q1MaterialisedAnnual report
「In terms of profit, despite cost increases such as higher feed prices and labor costs, profit increased due to higher sales, the effects of price increases, and improved productivity at chicken packing centers and frozen food plants, among other factors.」
Higher feed prices, together with rising labor costs, are actually occurring as factors increasing costs. Meanwhile, ¥34 million in compensation income from the feed price stabilization fund was also recorded as non-operating income. - FY2023-Q3RestatedAnnual report
「In terms of profit, there were factors increasing profit, including higher net sales and the effects of phased product price increases, but profit declined because these effects were insufficient to absorb the higher costs resulting from soaring prices for raw materials, including feed, and energy.」
Soaring prices for raw materials, including feed, and energy continue to increase costs, and the resulting costs cannot be fully absorbed by the effects of product price increases, resulting in lower profit. - FY2023-Q2MaterialisedAnnual report
「In terms of profit, there were factors increasing profit, including higher net sales and the effects of phased product price increases, but profit declined because these effects were insufficient to absorb the higher costs resulting from soaring prices for raw materials, including feed, and energy.」
Soaring prices for raw materials, including feed, and energy actually became factors increasing costs, and the resulting costs could not be fully absorbed by the profit contribution from product price increases, resulting in lower profit. - FY2023-Q1MaterialisedAnnual report
「The food industry faces a challenging business environment as consumers increasingly shift toward frugality amid rising costs for raw materials, packaging materials, energy, and other items.」
In addition to soaring raw material prices, including feed, higher costs for packaging materials and energy are explicitly identified as actual business-environment factors. ¥19 million in compensation income from the feed price stabilization fund was also recorded. - FY2022MaterialisedAnnual report
「In terms of profit, profit declined due to higher feed prices, aggressive investment in member recruitment expenses in the direct-sales business, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed prices actually became a factor behind the full-year decline in profit. Compensation income from the feed price stabilization fund amounted to ¥117 million. - FY2022-Q3MaterialisedAnnual report
「In terms of profit, profit declined due to higher feed prices, aggressive investment in member recruitment expenses in the direct-sales business, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed prices are actually emerging as a factor behind the decline in profit for the cumulative third quarter. In addition, ¥87 million in compensation income from the stabilization fund established to prepare for spikes in feed prices was recorded as non-operating income. - FY2022-Q2MaterialisedAnnual report
「In terms of profit, profit declined due to aggressive investment in member recruitment expenses in the direct-sales business, higher feed prices, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed prices are actually emerging as a factor behind the decline in profit for the cumulative second quarter. In addition, ¥44 million in compensation income from the stabilization fund established to prepare for spikes in feed prices was recorded as non-operating income. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, profit declined due to aggressive investment in member recruitment expenses in the direct-sales business and higher feed prices, in addition to factors reducing net sales.」
Higher feed prices have actually occurred and are contributing to the decline in profit, together with lower net sales and increased member recruitment expenses. - FY2021RestatedAnnual report
「Feed ingredient prices fluctuate significantly depending on crop conditions, ocean freight rates, exchange-rate movements, global demand trends, and speculative fund flows. However, if high feed prices persist for an extended period, higher feed costs cannot be avoided and will need to be passed on to product prices.」
The company continues to disclose the factors driving fluctuations in feed ingredient prices and the risks of higher costs and price pass-through if high prices persist. - FY2021-Q2RestatedAnnual report
「In terms of profit, profit increased substantially due to higher net sales, improved productivity at frozen food plants and primary chicken processing facilities, and lower feed prices, among other factors.」
Lower feed prices continue to be cited as a factor improving profit. - FY2021-Q1MitigatedAnnual report
「In terms of profit, profit increased substantially due to higher net sales, improved productivity at chicken packing centers and frozen food plants, and lower feed prices, among other factors.」
Lower feed prices are cited as a major factor behind the substantial increase in profit, together with improved plant productivity and higher net sales. - FY2020MitigatedAnnual report
「The ordinary profit margin declined by 0.2 percentage points from the previous consolidated fiscal year to 2.1%, mainly due to a decrease in compensation income resulting from lower feed prices, which is included in non-operating income.」
Feed prices declined, easing the risk of price increases from the previous fiscal year, while lower compensation income is weighing on ordinary profit. - FY2019MaterialisedAnnual report
「In terms of profit, despite higher feed prices and increased manufacturing costs resulting from labor shortages at chicken packing centers, among other factors, profit increased due to higher net sales and improved chicken production performance at production subsidiaries, among other factors.」
Higher feed prices are actually emerging as a factor weighing on full-year profit. - FY2019-Q3MaterialisedAnnual report
「In terms of profit, despite the increase in net sales described above, profit declined due to higher feed prices, increased manufacturing costs resulting from labor shortages at chicken packing centers, and higher selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed prices have continued and are an actual factor behind the decline in profit. - FY2019-Q2MaterialisedAnnual report
「Although net sales increased as described above, profit declined owing to higher feed prices, lower production performance for broiler chickens, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed prices actually occurred and are identified, together with lower production performance for broiler chickens and higher indirect-department expenses, as factors behind the decline in profit. - FY2019-Q1MaterialisedAnnual report
「Although net sales increased as described above, profit declined owing to higher raw-material prices, particularly feed, increased logistics costs, and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher raw-material prices, particularly feed, actually occurred and are identified, together with logistics costs and other factors, as contributing to the decline in profit. - FY2018-Q2RestatedAnnual report
「Profit declined owing to higher feed-ingredient prices and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed-ingredient prices continued and are explicitly identified as a factor behind the decline in profit. - FY2018-Q1MaterialisedAnnual report
「Profit declined owing to higher feed-ingredient prices and increased selling, general and administrative expenses in indirect departments, among other factors.」
Higher feed-ingredient prices actually occurred and are identified as a factor behind the decline in profit. - FY2017RestatedAnnual report
「However, if high feed prices persist, higher feed costs will be unavoidable and will need to be passed on to product prices.」
While lower feed-ingredient prices contributed to higher profit during the fiscal year, the disclosure explicitly identifies the risk of higher costs if high prices persist and the need to pass them on to product prices. - FY2017-Q3MitigatedAnnual report
「Although selling, general and administrative expenses increased, profit increased owing to improved productivity at frozen-food plants and lower feed-ingredient prices.」
Feed-ingredient prices are described as having declined rather than remained high, contributing to higher profit. - FY2017-Q2RestatedAnnual report
「In the food industry, the business environment remains challenging, including persistently high raw-material prices. However, as the population ages and health awareness rises, consumers' interest in food safety and security has increased year after year.」
Persistently high raw-material prices continue to be described as a challenging external environment. - FY2017-Q1First statedAnnual report
「Although the business environment remains challenging, including persistently high raw-material prices,」
Persistently high raw-material prices are identified as a burden arising from the external environment. The disclosure states that feed prices declined during the quarter, but rose during the July–September period.