Risk of shortfalls in the egg-price and feed-price stabilization funds
First written in FY2016. 3 of 12 entries say "Materialised", first in FY2025-H1. Latest entry: 2026-11-12.
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- 2026-11-12MaterialisedResults
「鶏卵生産コストの６割を占める飼料価格は、主原料たるトウモロコシや大豆粕のシカゴ相場が上昇したことや円安から第１四半期、第２四半期とも値上げとなったため、実質コストは前年同期を上回りました。」
飼料価格の上昇と基金等による軽減が十分でない場合のコスト負担が、実質コストの前年同期超過として表れた。 - FY2026Update to the compensation benchmark priceAnnual report
「The price was ¥240 in fiscal 2026 (April 2025 to March 2026). If the standard transaction price falls below the compensation benchmark price, 90% of the shortfall is paid.」
The compensation benchmark price for the egg-price stabilization fund was updated from ¥230 in fiscal 2025 to ¥240 in fiscal 2026. The 90% payment mechanism remains in place. - 2026-05-15MaterialisedResults
「卵価安定基金支払 216 281 卵価安定基金収入 △270 －」
卵価安定基金収入が前期の270百万円から当期は計上なしとなる一方、基金支払は281百万円に増加した。 - FY2025Update to the compensation benchmark priceAnnual report
「The price was ¥230 in fiscal 2025 (April 2025 to March 2026). If the standard transaction price falls below the compensation benchmark price, 90% of the shortfall is paid.」
The scheme has been updated to set the fiscal 2025 compensation benchmark price for the egg-price stabilization fund at ¥230 per kilogram and the payment rate at 90% of the shortfall. The risk of a fund shortfall remains. - FY2025-H1MaterialisedAnnual report
「Feed, which accounts for 60% of egg production costs, was reduced in price in the first quarter as prices for its main ingredients, corn and soybean meal, declined. In the second quarter, however, prices rose sharply because of the weaker yen, and effective costs were higher than in the same period of the previous year as compensation from the Feed Price Stabilisation Fund had ended.」
Compensation payments from the feed-price stabilization fund ceased, and actual feed costs rose year on year in combination with feed price increases caused by the weaker yen. The fund’s inability to sufficiently mitigate the burden of higher prices has emerged as an actual increase in costs. - FY2024Update to the compensation benchmark priceAnnual report
「The price was ¥222 in fiscal 2024 (April 2024 to March 2025). If the standard transaction price falls below the compensation benchmark price, 90% of the shortfall is paid.」
For the egg-price stabilization fund, the disclosure states that the fiscal 2024 compensation benchmark price is ¥222 per kilogram and that the payment rate is 90% of the shortfall. The risk of a fund shortfall remains. - FY2021Update to the compensation benchmark price and payment rateAnnual report
「The price was ¥183 per kilogram in fiscal 2020 and ¥181 in fiscal 2021 (April 2021 to March 2020). If the standard transaction price falls below the compensation benchmark price, 90% of the shortfall is paid.」
For the egg-price stabilization fund, the disclosure states that the fiscal 2021 compensation benchmark price is ¥181 per kilogram and that the payment rate is 90% of the shortfall. The risk of a fund shortfall remains. - FY2020Further changes to the compensation termsAnnual report
「The system changed from fiscal 2020. If the standard transaction price falls below the stabilization benchmark price, producers with 100,000 or more birds will also receive price compensation.」
From fiscal 2020, the system changed to provide price compensation to producers with 100,000 or more birds subject to certain conditions. The stabilization benchmark price is stated as ¥161 per kilogram. - FY2019Annual update to the compensation termsAnnual report
「The system changed from fiscal 2017. If the standard transaction price falls below the stabilization benchmark price, which was ¥163 per kilogram in fiscal 2019, producers with 100,000 or more birds will not receive price compensation. Instead, if they provide an empty-house period of 60 days or more, they will receive an incentive payment of ¥210 per bird for early culling, compared with the usual empty-house period of 30 days.」
For the egg-price stabilization fund, the disclosure states the compensation terms following the annual update, with the fiscal 2019 stabilization benchmark price set at ¥163 per kilogram. - FY2018Annual update to the compensation termsAnnual report
「The system changed from fiscal 2017. If the standard transaction price falls below the stabilization benchmark price, which was ¥163 per kilogram in fiscal 2018, producers with 100,000 or more birds will not receive price compensation. Instead, if they provide an empty-house period of 60 days or more, they will receive an incentive payment of ¥210 per bird for early culling, compared with the usual empty-house period of 30 days.」
The disclosure continues to describe the system change in the compensation terms for large producers and sets the fiscal 2018 stabilization benchmark price at ¥163 per kilogram. - FY2017Changes to compensation terms due to a system revisionAnnual report
「The system changed from fiscal 2017. If the standard transaction price falls below the stabilization benchmark price, which was ¥165 per kilogram in fiscal 2017, producers with 100,000 or more birds will not receive price compensation. Instead, if they provide an empty-house period of 60 days or more, they will receive an incentive payment of ¥210 per bird for early culling, compared with the usual empty-house period of 30 days. The Group qualifies as a producer with 100,000 or more birds.」
The egg-price stabilization fund scheme changed from fiscal 2017, and the Group, as a producer with 100,000 or more birds, is subject to compensation terms different from those previously applicable. - FY2016First statedAnnual report
「However, if depressed egg prices or elevated feed prices persist for an extended period, these fund schemes may not function adequately because of insufficient funds, potentially having a material impact on the operating results and financial position of the Group.」
The disclosure describes the risk that, even with membership in the egg-price and feed-price stabilization funds, prolonged price weakness or inflation could cause fund shortfalls and prevent the schemes from functioning adequately.