Offsetting the decline in commercial demand by expanding sales to mass retailers
First written in FY2021-Q1. 5 of 9 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2023: 5 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Company continued to focus on expanding sales of value-added eggs and revising egg selling prices to address higher feed, raw material and logistics costs.」
The company continues to expand sales of value-added eggs in response to higher costs and fluctuations in commercial demand. - FY2022Slight decline in sales weightAnnual report
「Egg sales volume decreased 0.5% year on year, while the average M-size egg price rose 30.6% year on year in Hokkaido and 26.3% in Tokyo.」
Amid weak demand from commercial users, sales volume declined 0.5% year on year. By contrast, egg prices in Hokkaido and Tokyo rose 30.6% and 26.3%, respectively. - FY2022-Q3Flat sales volumeAnnual report
「To offset the decline in commercial-use sales, the Company focused on selling household eggs and value-added eggs. As a result, egg sales volume during the period to date was approximately the same as in the corresponding period of the previous year.」
The company focused on household and value-added eggs to address the decline in commercial-use sales, but sales volume was broadly unchanged year on year rather than increasing. - FY2022-Q2AdvancedAnnual report
「Amid the impact of COVID-19 and declining demand for commercial-use eggs for food service and processing, we focused on expanding sales of household eggs and value-added eggs and developing the Tohoku, Tokyo metropolitan area and export markets. As a result, egg sales volume increased slightly year on year during the cumulative period.」
In response to declining commercial-use demand, the company expanded sales of household and value-added eggs, sales in Tohoku and the Tokyo metropolitan area, and development of export markets, resulting in a slight year-on-year increase in egg sales volume. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, our group offset the decline in demand for commercial-use eggs in Hokkaido by expanding sales to Tohoku and the Tokyo metropolitan area, and began exporting eggs to Hong Kong as a new market. As a result of these initiatives, sales weight increased 2.6% year on year.」
The company offset the decline in commercial-use demand by expanding sales in Tohoku and the Tokyo metropolitan area and exporting to Hong Kong, increasing sales weight by 2.6% year on year. - FY2021AdvancedAnnual report
「In this challenging business environment, the Group strengthened sales in the Tohoku region. As a result, although revenue fell below the same period of the previous year, sales volume exceeded the previous year’s level.」
Amid declining commercial-use and processed-food demand, the company strengthened sales in the Tohoku region and raised the sales mix of value-added eggs, increasing egg sales weight by 0.7% year on year. Despite egg market prices falling 4.6% in Hokkaido and 6.6% in Tokyo, the company limited the decline in revenue to 2.6%. - FY2021-Q3AdvancedAnnual report
「Against these adverse business conditions, the company focused on selling eggs for household use and value-added eggs. As a result, chicken egg sales volume increased 0.6% from the same quarter of the previous year. For the cumulative third-quarter consolidated period, revenue was ¥9,753,069 thousand, down 3.5%; operating profit was ¥71,906 thousand, down 7.9%; ordinary profit was ¥129,765 thousand, up 3.0%; and net income attributable to owners of the parent was ¥11,902 thousand, down 90.8%.」
Amid declining commercial-use and processed-food demand, the company focused on household eggs and value-added eggs, increasing egg sales volume by 0.6% year on year. Sales volume has moved from a slight year-on-year decline in the previous quarter to an increase. - FY2021-Q2AdvancedAnnual report
「The Company was also affected by COVID-19, and as demand for commercial use, including restaurants and processed-food applications, declined significantly, it focused on expanding sales of household eggs and value-added eggs. As a result, egg sales volume during the period to date declined slightly year on year, while net sales increased slightly.」
Continuing from the first quarter, the company offset declining commercial-use demand by expanding sales of household eggs and value-added eggs. Although egg sales volume declined slightly year on year, revenue increased slightly. - FY2021-Q1First statedAnnual report
「We worked to offset the substantial decline in demand for commercial-use eggs from hotels, restaurants and other customers by expanding sales to mass retailers, while focusing on expanding sales of differentiated eggs that are less affected by market prices. As a result, although the volume of commercial-use sales declined by approximately 30% year on year, sales to mass retailers increased by 6.5% year on year, enabling total sales volume, measured by sales weight, to remain broadly at the previous year’s level, down 2% year on year.」
The company has for the first time specifically described its response to declining commercial-use demand from hotels, restaurants and other customers due to infectious diseases by expanding sales to mass retailers and differentiated eggs to maintain sales weight at around the previous year’s level.