Reflecting Surging Energy Prices in Product Prices
First written in FY2023. 5 of 6 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-07-30.
The whole theme swung hardest in 2020: 2 of 17 companies on the "Worse" side.
69 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「In the feed industry, Chicago corn futures prices, the main raw material, continued to trend downward, supported by prospects for stable harvests. Our group reduced livestock compound feed prices for 3 consecutive quarters, in April, July and October. However, yen-denominated raw material prices continued to trend high due to elevated ocean freight rates and the yen's depreciation against foreign currencies, and prices were raised in January.」
In response to raw material, logistics and foreign exchange costs, prices are reduced in April, July and October and raised in January, indicating that the pass-through process is progressing. - FY2024-Q2AdvancedAnnual report
「In the feed business, sales volume of livestock feed increased from the same period of the previous year, while average selling prices also rose as the company proceeded with passing through higher energy costs. Although sales volume of aquatic feed declined from the same period of the previous year, average selling prices rose significantly. As a result, sales for the first 6 months of the current fiscal year were ¥132,470 million, up 6.6% year on year.」
Measures to pass through part of the higher energy costs to product prices progressed, resulting in higher average selling prices and a 6.6% year-on-year increase in feed business sales. - FY2023First statedAnnual report
「Accordingly, we will implement price revisions from shipments in July 2023 to pass through part of the higher energy costs to product prices.」
As a response to higher energy prices, the company has disclosed for the first time a specific measure to revise product prices from shipments in July 2023.