Rising demand for eating at home due to COVID-19
First written in FY2020. 8 of 14 entries say "Reframed", first in FY2022-Q1. Latest entry: FY2025.
Akikawa Foods & Farms moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 7 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2025Sales recovery emerged in the second half.Annual report
「The first half was still affected by the decline following the special delivery demand associated with the end of the COVID-19 pandemic, but sales of chicken and frozen processed foods performed well from the second half onward.」
While the decline following special delivery demand continued in the first half, sales of chicken and frozen processed foods performed well from the second half onward, and the discussion shifted from one focused solely on the decline following special demand to one that included a recovery. - FY2025-H1ReframedAnnual report
「In our direct-to-consumer business, which delivers safe, reliable food products centered on food directly to individual consumers nationwide, price increases had a positive effect, but revenue declined year on year due to the decline following the special delivery demand associated with the end of the COVID-19 pandemic.」
The business environment has shifted from the previous period of expanding demand for at-home meals and delivery to a period in which the decline following special delivery demand after the end of the COVID-19 pandemic is driving a decrease in revenue in the direct-to-consumer business. - FY2024-Q3ReframedAnnual report
「The direct sales business delivers safe, reliable food, primarily food products, directly to individual consumers nationwide. Although price increases had an effect, revenue declined year on year due to the decline from the delivery-demand surge associated with the reclassification of COVID-19, among other factors.」
Regarding the business environment following the change in the infectious disease classification, the discussion has shifted from demand growth driven by special delivery demand to a period in which the decline following that special demand is reducing revenue in the direct-to-consumer business. - FY2024-Q2ReframedAnnual report
「In our direct-to-consumer business, which delivers safe, reliable food products centered on food directly to individual consumers nationwide, price increases had a positive effect, but revenue was flat due to the decline following the special delivery demand associated with COVID-19 and other factors.」
Following the change in the infectious disease classification, the discussion has shifted from demand growth driven by special delivery demand to a period of declining demand following that special demand. - FY2024-Q1ReframedAnnual report
「Although social and economic activity has normalized since the legal classification of COVID-19 was changed to a Category 5 infectious disease in May 2023, inflation has continued due to soaring import prices for raw materials and energy and worsening labor shortages, leaving the outlook for the economy uncertain.」
The discussion has shifted from the previous period of expanding demand for at-home meals and delivery due to the pandemic to a business environment in which normalized social and economic activity following the move to Category 5 coexists with rising costs and labor shortages. - FY2023-Q1ReframedAnnual report
「While restrictions on activity due to COVID-19 were eased and economic activity moved toward normalization, uncertainty about the outlook persisted due to the prolonged situation in Ukraine and soaring raw-material prices, among other factors.」
While the business environment has shifted toward relaxed restrictions and economic normalization, the food industry is facing rising costs and increasingly cost-conscious consumers, marking a change from the previous environment centered on stay-at-home demand. - FY2022ReframedAnnual report
「Meanwhile, demand for food-delivery services remained high as lifestyle changes driven by heightened awareness of infection prevention continued. Although chicken sales in the production and wholesale business decreased year on year due to the reversal of the sharp increase in sales in spring 2020, total sales increased because sales in the direct-sales business remained strong.」
While demand for delivery services remained high, chicken sales in the production and wholesale business declined due to the reversal of the previous year's sharp increase, while strong sales in the direct-sales business supported total sales. - FY2022-Q2ReframedAnnual report
「Meanwhile, demand for food-delivery services remained high due to heightened awareness of infection prevention and requests from local governments to refrain from going out. Although sales in our direct-sales business remained strong, sales in the production and wholesale business, mainly chicken, decreased year on year due to the reversal of the sharp increase when the first state of emergency was declared in April and May last year, leaving total sales flat.」
Demand for food delivery remained high and sales in the direct-sales business were strong, but chicken sales in the production and wholesale business declined due to the reversal of the sharp increase during the previous year's state of emergency, leaving total sales flat. - FY2022-Q1ReframedAnnual report
「Meanwhile, demand for food-delivery services remained high due to heightened awareness of infection prevention and requests from local governments to refrain from going out.」
While demand for food delivery remained high, sales decreased year on year, mainly for chicken, due to the reversal of the sharp increase in sales during the state of emergency declared the previous year. - FY2021AdvancedAnnual report
「As demand for eating at home and delivery services increased due to heightened awareness of infection prevention, sales increased in both our group's production and wholesale business, whose main customers are consumer cooperatives and delivery companies, and our direct-sales business, which delivers primarily by parcel service to consumers throughout Japan.」
The continued increase in demand for eating at home and delivery services translated into higher full-year sales in both the production and wholesale business and the direct-sales business. - FY2021-Q3AdvancedAnnual report
「Meanwhile, as demand for eating at home and delivery services increased due to heightened awareness of infection prevention, sales increased in both our group's production and wholesale business, whose main customers are consumer cooperatives and delivery companies, and our direct-sales business, which delivers primarily by parcel service to consumers throughout Japan.」
The continued increase in demand for eating at home and delivery services translated into higher sales in both the production and wholesale business and the direct-sales business. - FY2021-Q2AdvancedAnnual report
「As demand for eating at home and delivery services increased due to heightened awareness of infection prevention, sales increased in both our group's production and wholesale business, whose main customers are consumer cooperatives and delivery companies, and our direct-sales business, which delivers primarily by parcel service to consumers throughout Japan.」
The increase in demand for eating at home and delivery services continues to translate into higher sales in both the production and wholesale business and the direct-sales business. - FY2021-Q1AdvancedAnnual report
「Meanwhile, demand for staying at home increased due to heightened awareness of infection prevention and requests from local governments to refrain from going out. As a result, sales increased in both our group's production and wholesale business, whose main customers are consumer cooperatives and delivery companies, and our direct-sales business, which delivers primarily by parcel service to consumers throughout Japan.」
The increase in stay-at-home demand specifically translated into higher sales in both the production and wholesale business and the direct-sales business. - FY2020First statedAnnual report
「To avoid the risk of infection, people's lifestyles have changed substantially, and the food market has also experienced various changes, including a shift from eating out to eating at home.」
The shift in the market from eating out to eating at home associated with the spread of COVID-19 is described for the first time as a structural change in the business environment. Rising demand since March 2020 is also identified as a factor behind higher sales.