Rising Feed Grain Prices Due to Yen Depreciation
First written in FY2017-Q2. 15 of 32 entries say "Restated". Latest entry: FY2026.
Axyz moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 33 of 59 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the chicken industry, feed raw material prices, a major manufacturing cost, have been declining gradually, while other manufacturing costs, including labor costs, continue to rise.」
The combination of a gradual decline in feed ingredient prices and continued increases in other manufacturing costs, including labor costs, has persisted since the previous period. - FY2026-H1MitigatedAnnual report
「While feed raw material prices, a major manufacturing cost, have been declining gradually, other manufacturing costs, including labor costs, continue to rise, and difficult conditions are expected to persist.」
Feed ingredient prices have changed from remaining elevated in the past to declining gradually this time, partially easing the risk of higher costs related to feed ingredient prices. Meanwhile, labor costs and other expenses have continued to rise. - FY2025-H1RestatedAnnual report
「In the chicken industry, although chicken prices have been recovering, supported by rising consumer demand for at-home consumption and chicken's price advantage over other meats, feed ingredient prices, a major production cost, have remained high, while other production costs, including labor costs, have continued to increase, and challenging conditions are expected to continue.」
The assessment that feed ingredient prices have remained elevated and that increases in manufacturing costs, including labor costs, have continued has been reconfirmed. - FY2024-Q3RestatedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have remained elevated, while increases in other manufacturing costs, including labor costs, have continued.」
Feed ingredient prices have remained elevated, while increases in manufacturing costs, including labor costs, have continued. - FY2024-Q2SoftenedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have remained elevated, while increases in other manufacturing costs, including labor costs, have continued.」
The description of feed ingredient prices has changed from “rising sharply” in the previous quarter to “remaining elevated” this time. Meanwhile, increases in manufacturing costs, including labor costs, have continued. - FY2024-Q1RestatedAnnual report
「In the poultry industry, feed ingredient prices, a major manufacturing cost, have risen sharply, while increases in other manufacturing costs, including labor costs, have continued.」
The assessment that the rise in feed ingredient prices and increases in manufacturing costs, including labor costs, have continued has been reconfirmed. - FY2023WorsenedAnnual report
「Feed ingredient prices, which have a significant impact on our group, are expected to rise and remain elevated due to the recovery in global demand from the COVID-19 pandemic and expanding biofuel consumption, as well as concerns over grain supply caused by the worsening Russia-Ukraine situation and the prolonged disruption of supply chains.」
The company expects feed ingredient prices to continue rising and remain elevated due to the recovery in demand and biofuels, as well as concerns over grain supplies arising from the Russia-Ukraine situation and prolonged supply chain disruption. - FY2023-Q3RestatedAnnual report
「In the poultry industry, chicken prices have remained stable due to stronger consumer demand for at-home dining and their price advantage over other meats, but feed ingredient prices, a major manufacturing cost, have risen substantially, in addition to continued increases in other manufacturing costs,」
The assessment that the substantial rise in feed ingredient prices and increases in other manufacturing costs have continued has been reconfirmed. - FY2023-Q2RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
The assessment that the substantial rise in feed ingredient prices and increases in manufacturing costs, including labor costs, have continued has been reconfirmed from the previous quarter. - FY2023-Q1RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
The substantial rise in feed ingredient prices and increases in manufacturing costs, including labor costs, have continued, as in the previous quarters. - FY2022-Q3RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
The assessment that feed ingredient prices have risen substantially and that increases in other manufacturing costs, including labor costs, have continued has been reconfirmed. - FY2022-Q2RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
The substantial rise in feed ingredient prices and increases in manufacturing costs, including labor costs, have continued, as in the previous quarter. - FY2022-Q1RestatedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
The assessment that feed ingredient prices have risen substantially and that increases in other manufacturing costs, including labor costs, have continued has been reconfirmed. - FY2021WorsenedAnnual report
「In the poultry industry, in addition to a substantial surge in feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise.」
Feed ingredient prices have been described more strongly than in the previous quarter, changing from “rising sharply” to “rising substantially,” while increases in other manufacturing costs have also continued. - FY2021-Q3WorsenedAnnual report
「However, in addition to soaring feed ingredient prices, a major manufacturing cost, other manufacturing costs including labor costs continue to rise, and difficult conditions are expected to continue.」
The wording regarding feed ingredient prices has strengthened from the previous quarter's "upward trend" to "soaring," while difficult manufacturing cost conditions continue. - FY2021-Q2WorsenedAnnual report
「However, in addition to the upward trend in feed ingredient prices, a major manufacturing cost, manufacturing costs including labor costs continue to soar, and difficult conditions are expected to continue.」
Feed ingredient prices are now described as trending upward rather than merely remaining high, while manufacturing costs including labor costs continue to soar, indicating intensifying cost pressures. - FY2021-Q1MitigatedAnnual report
「In addition, revenue and operating profit increased from the previous fiscal year due to lower raw material and fuel costs.」
For raw materials and fuel, which had been described as remaining high or soaring through the previous fiscal year, lower costs are cited as a factor behind higher revenue and operating profit in the food business. - FY2020-Q3RestatedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
Persistently high feed ingredient prices continue to be cited alongside soaring labor costs as factors behind higher production costs, and the outlook for continued difficult conditions is reiterated. - FY2020-Q2WorsenedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
The Company states that feed ingredient prices remain high and labor costs are soaring, and indicates that difficult conditions are expected to continue. - FY2020-Q1WorsenedAnnual report
「In addition, difficult conditions are expected to continue due to the impact of persistently high feed ingredient prices, a major manufacturing cost, and soaring labor costs and other factors.」
In addition to persistently high feed ingredient prices, the impact of soaring labor costs and the outlook for continued difficult conditions are identified. - FY2019ReframedAnnual report
「Our settlement methods for import transactions involving feed ingredients are subject to foreign exchange risk. Because the settlement period is relatively short, there have been no cases of a significant deterioration in settlement terms to date. However, an unexpected event caused by a substantial and unforeseen foreign exchange movement could affect our business performance.」
In addition to the description of feed ingredient prices remaining high or soaring, foreign exchange risk associated with import settlements is explicitly identified. - FY2019-Q3RestatedAnnual report
「In addition, raw material and fuel prices remain high, and difficult conditions are expected to continue.」
The outlook that raw material and fuel prices, including feed ingredients, will remain high and that difficult conditions will continue remains unchanged. - FY2019-Q2WorsenedAnnual report
「In addition, raw material and fuel prices have soared, and difficult conditions continue.」
In addition to the previous reference to soaring feed ingredient prices, the scope of cost pressures has widened to include soaring raw material and fuel prices generally, and the industry environment is described as difficult. - FY2019-Q1RestatedAnnual report
「In addition, to address higher production costs caused by soaring feed ingredient prices, a major manufacturing cost, and rising labor costs and other expenses,」
Soaring feed ingredient prices continue to be cited as a factor behind higher production costs. - FY2018WorsenedAnnual report
「However, during the second half of the fiscal year, the Company was affected by weak chicken prices resulting from increased domestic inventories of chicken, as well as soaring prices for feed ingredients, a major manufacturing cost.」
Following the rise and sustained high levels of grain prices for animal feed, soaring feed ingredient prices are now cited as an actual factor behind higher manufacturing costs. - FY2018-Q3WorsenedAnnual report
「In addition, to address higher production costs caused by soaring feed prices, a major manufacturing cost, and rising labor costs and other expenses,」
Following the upward trend and high levels of grain prices for animal feed, the situation is now described more strongly as soaring feed prices, a major manufacturing cost, indicating greater cost pressures. - FY2018-Q2ReframedAnnual report
「In the poultry industry, demand for chicken remains stable, supported by consumers' health-consciousness and preference for domestically produced products, among other factors. However, feed prices, a major manufacturing cost, have continued to trend upward due to rising grain prices for animal feed and other factors.」
Following the previous quarter's description of grain prices for animal feed remaining high, this quarter the increase is described as an upward trend in feed prices caused by rising grain prices for animal feed and other factors. - FY2018-Q1ReframedAnnual report
「To address higher production costs caused by elevated grain prices for animal feed, a major manufacturing cost, and rising labor costs,」
The description of grain prices for animal feed has changed from an upward trend caused by the yen's depreciation to prices remaining high. Rising labor costs are also cited as a factor behind higher production costs. - FY2017-Q3RestatedAnnual report
「Grain prices for animal feed, a major cost, have continued to trend upward due to the yen's depreciation and other factors in the foreign exchange market.」
The upward trend in grain prices for animal feed against the backdrop of the yen's depreciation and other factors continues. - FY2017-Q2First statedAnnual report
「Grain prices for animal feed have continued to trend upward due to the rapid depreciation of the yen and other factors in the foreign exchange market.」
For the first time, the Company identifies the risk to raw material costs arising from the upward trend in grain prices for animal feed due to the yen's depreciation.