Risks to Livestock Market Conditions and Raw Material Procurement from the Spread of COVID-19
First written in FY2020. 5 of 15 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
54 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「During the fiscal year, the Japanese economy showed signs of recovery, supported by an expansion in inbound demand following the easing of activity restrictions related to COVID-19.」
The company states that the impact of COVID-19 on economic activity and the market environment has eased in part as activity restrictions were relaxed and inbound demand expanded. - FY2024-Q3MitigatedAnnual report
「As activity restrictions related to COVID-19 were eased, socioeconomic activity gradually returned to normal and the economy continued on a moderate recovery trend.」
The company states that the impact on the market environment has eased in part as socioeconomic activity normalized following the easing of activity restrictions related to COVID-19. - FY2024-Q2MitigatedAnnual report
「During the six-month period ended [the second quarter of the current fiscal year], the Japanese economy was gradually recovering as activity restrictions related to COVID-19 were eased and inbound demand recovered, although」
The company states that the impact of the spread of COVID-19 on economic activity and the market environment has eased in part as activity restrictions were relaxed and inbound demand recovered. - FY2024-Q1MitigatedAnnual report
「Economic activity is gradually returning to normal as activity restrictions are eased following the classification of COVID-19 as a Category 5 disease and for other reasons.」
The company states that activity restrictions have been eased following the reclassification of COVID-19 as a Category 5 disease and for other reasons, and that economic activity is gradually returning to normal. - FY2023MitigatedAnnual report
「Beef prices have remained broadly flat as demand has begun to recover following an easing of the impact of the COVID-19 pandemic.」
Regarding beef market conditions, the company states that the impact of the COVID-19 pandemic has eased and demand is recovering. - FY2023-Q3Coexistence of eased activity restrictions and the year-end resurgence of infectionsAnnual report
「During the third quarter of the current consolidated fiscal year, economic activity in Japan gradually recovered as restrictions on activity related to COVID-19 were eased. However, the outlook has become even more uncertain due to the spread of infections toward year-end, in addition to sharp fluctuations in foreign exchange rates and the prolonged situation in Ukraine.」
While the easing of COVID-19-related activity restrictions and the recovery of economic activity are evident, infections spread toward year-end and uncertainty about the outlook continued. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the second quarter of the current fiscal year], although the seventh wave of COVID-19 arrived in Japan, economic recovery was expected as activity restrictions were eased.」
While the seventh wave of COVID-19 continued, the company also describes expectations for economic recovery resulting from the easing of activity restrictions and continues to recognize the risk of an impact on the market environment. - FY2022Reinclusion of the impact on suppliersAnnual report
「There is a risk that changes in market needs and fluctuations in livestock product prices caused by the spread of COVID-19 will affect the company's sales channels and suppliers.」
In addition to the impact of COVID-19 on market needs and livestock product prices, the company again explicitly describes the impact on suppliers, which had received less separate mention in the previous fiscal year. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the second quarter of the current fiscal year], the Japanese economy remained in a difficult situation, as repeated declarations of a state of emergency accompanying the spread of COVID-19 caused stagnation in corporate activity and personal consumption.」
Stagnation in corporate activity and personal consumption caused by the spread of COVID-19 continues, and the company continues to describe its impact on the market environment. - FY2022-Q1RestatedAnnual report
「During the three months ended the first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks, including the impact of the spread of COVID-19 on market needs and livestock product prices. - FY2021Reduced disclosure of the impact on raw material procurementAnnual report
「There is a risk that changes in market needs and fluctuations in livestock product prices caused by the spread of COVID-19 will affect the company's customers and sales channels.」
The company continues to describe the impact of COVID-19 on market needs and livestock product prices, but no longer makes a separate reference to the impact on raw material procurement from the spread of the disease in countries producing imported raw materials, which was included in the previous fiscal year. - FY2021-Q3RestatedAnnual report
「In livestock product markets, egg prices had been declining due to lower demand but rose following an outbreak of avian influenza. Chicken prices remained firm due to lower import volumes and the impact of avian influenza. Although pork imports declined, prices remained low because domestic production increased. Beef prices had fallen due to COVID-19 but are recovering as household demand increased.」
The impact of COVID-19 on demand for and prices of livestock products continues, with the direction of the impact differing among eggs, chicken, pork and beef. - FY2021-Q2RestatedAnnual report
「In livestock product markets, egg prices remained soft due to lower demand resulting from COVID-19 and extreme heat. Chicken prices remained firm as increased household demand due to COVID-19 and lower production caused by extreme heat supported prices. Despite lower demand due to extreme heat and COVID-19, pork prices remained above the previous year's level because production declined, as with chicken. Beef prices remained soft as consumption declined due to COVID-19.」
Changes in household demand, reduced consumption and fluctuations in production volumes caused by COVID-19 continue to have an actual impact on market conditions for eggs, chicken, pork and beef. - FY2021-Q1MaterialisedAnnual report
「In livestock product markets, egg prices initially rose due to increased household demand resulting from COVID-19, but then declined as demand fell with rising temperatures. Chicken prices remained firm on similar increased demand. Pork prices also rose due to increased demand and lower production. Beef prices remained well below the previous year's level because COVID-19 reduced demand.」
The impact on livestock product markets, including increases and decreases in household demand associated with COVID-19 and declines in beef prices due to lower demand, has emerged in actual market conditions. The impact on procurement of imported raw materials continues to be treated as a possibility. - FY2020First statedAnnual report
「There is a risk that the spread of COVID-19 will change market needs and cause livestock product prices to fluctuate, affecting the company's customers and sales channels. In addition, the spread of the disease in countries producing the raw materials the company imports could affect raw material procurement and, in turn, the operating results of the group.」
The company describes, for the first time as a separate major risk, fluctuations in market needs and livestock product prices associated with the spread of COVID-19, as well as the impact on raw material procurement from the spread of the disease in countries producing imported raw materials. The spread of the disease itself is described as having already occurred, while its impact on business performance is presented as a possibility.