Fluctuations in Reserve Contributions under the Compound Feed Price Stabilization Program
First written in FY2017-Q1. 10 of 30 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2026.
Feed One moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥6,637 million ¥6,548 million」
Contributions to the Feed Price Stabilization Fund fell from ¥6,637 million in the previous fiscal year to ¥6,548 million. Although the level remains high, the annual contribution burden declined slightly. - 2026-05-08MitigatedFinancial results presentation
「Contributions to the reserve are eligible for recognition as selling, general and administrative expenses for tax purposes, and approximately ¥6.5 billion was recorded in the fiscal year ending March 2026.」
The company disclosed annual contributions of approximately ¥6.5 billion to the compound feed price stabilization system reserve for the fiscal year ending March 2026. - FY2026-H1MitigatedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥3,286 million ¥3,171 million」
Contributions to the Feed Price Stabilization Fund fell from ¥3,286 million in the same period of the previous year to ¥3,171 million, reducing the cost burden for the six-month period. - FY2025WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥5,109 million ¥6,637 million」
Contributions to the Feed Price Stabilization Fund increased from ¥5,109 million in the previous fiscal year to ¥6,637 million, contributing to higher selling, general and administrative expenses. - FY2025-H1WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥2,497 million ¥3,286 million」
Contributions to the Feed Price Stabilization Fund increased from ¥2,497 million in the same period of the previous year to ¥3,286 million, increasing the cost burden. - FY2024WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥4,387 million ¥5,109 million」
Contributions to the Feed Price Stabilization Fund increased from ¥4,387 million in the previous fiscal year to ¥5,109 million, contributing to higher selling, general and administrative expenses. - FY2024-Q3WorsenedAnnual report
「However, as raw material prices in yen terms remain uncertain due to higher ocean freight rates and the yen’s depreciation against foreign currencies, and in light of increased contributions to the Feed Price Stabilization Fund and other factors, the business environment remains challenging with no clear outlook.」
The cost environment for the feed business, including fluctuations in reserve contributions, remains challenging due to ocean freight rates, yen depreciation and increased contributions to the Feed Price Stabilization Fund. - FY2024-Q2WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥2,155 million ¥2,497 million」
Contributions to the Feed Price Stabilization Fund increased from ¥2,155 million in the same period of the previous year to ¥2,497 million, with the risk of reserve contribution fluctuations reflected in higher expenses. - FY2024-Q1MaterialisedAnnual report
「Although costs in the feed business increased due to higher prices for raw materials, including principal raw materials, soaring fuel and logistics costs, and increased contributions to the Feed Price Stabilization Fund, sales volumes and average selling prices for both livestock and aquaculture feed exceeded those of the same period of the previous year. As a result, revenue for the first three months of the fiscal year was ¥67,588 million, up 18.6% year on year, and operating profit was ¥1,691 million, compared with an operating loss of ¥1,021 million in the same period of the previous year.」
While higher contributions to the Feed Price Stabilization Fund and other factors have actually increased costs, the feed business has turned from an operating loss in the same period of the previous year to an operating profit. - FY2023WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥2,086 million ¥4,387 million」
Contributions to the Feed Price Stabilization Fund increased from ¥2,086 million in the previous fiscal year to ¥4,387 million, with the risk of reserve contribution fluctuations reflected in a substantial increase in expenses. - FY2023-Q3MaterialisedAnnual report
「Operating profit was ¥2,616 million, down 54.6% year on year, due to the substantial rise in raw material prices, including those of principal raw materials, soaring fuel and logistics costs, and increased contributions to the Feed Price Stabilization Fund.」
Higher contributions to the Feed Price Stabilization Fund and other factors are reflected in the feed business’s 54.6% year-on-year decline in operating profit. - FY2023-Q2WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥672 million ¥2,155 million」
Contributions to the Feed Price Stabilization Fund increased from ¥672 million in the same period of the previous year to ¥2,155 million, contributing to higher selling, general and administrative expenses in the feed business. - FY2023-Q1MaterialisedAnnual report
「However, operating loss was ¥1,021 million, compared with operating profit of ¥2,048 million in the same period of the previous year, due to higher prices for raw materials including corn, the principal raw material, and higher selling, general and administrative expenses, including contributions to the Feed Price Stabilization Fund.」
Higher selling, general and administrative expenses, including contributions to the Feed Price Stabilization Fund, are reflected in the feed business’s operating loss. - FY2022WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥0 million ¥2,086 million」
Contributions to the Feed Price Stabilization Fund increased from ¥0 million in the previous fiscal year to ¥2,086 million, with the risk of reserve contribution fluctuations reflected in operating results. - FY2022-Q3WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥0 million ¥672 million」
Contributions to the Feed Price Stabilization Fund increased from ¥0 million in the same period of the previous year to ¥672 million, increasing the cumulative contribution burden for the quarter. - FY2022-Q2WorsenedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥0 million ¥672 million」
Contributions to the Feed Price Stabilization Fund increased from ¥0 million in the same period of the previous year to ¥672 million, increasing the cumulative contribution burden for the quarter. - FY2021-Q2MitigatedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥1,233 million ¥0 million」
Contributions to the Feed Price Stabilization Fund fell from ¥1,233 million in the same period of the previous year to ¥0 million, reducing the cumulative contribution burden for the quarter. - FY2020MitigatedAnnual report
「Contributions to the Feed Price Stabilization Fund ¥2,986 million ¥1,699 million」
Contributions to the Feed Price Stabilization Fund fell from ¥2,986 million in the previous fiscal year to ¥1,699 million, reducing the contribution burden. - FY2020-Q3RestatedAnnual report
「As a compound feed manufacturer, the Company participates in the Compound Feed Price Stabilization Scheme. Fluctuations in the reserve contributions borne by compound feed manufacturers under the scheme could have a material impact on the Company’s operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Compound Feed Price Stabilization Scheme. - FY2020-Q2MitigatedAnnual report
「Contributions to the Feed Price Stabilization Fund 1,458 million yen 1,233 million yen」
Contributions to the Feed Price Stabilization Fund fell from ¥1,458 million in the same period of the previous year to ¥1,233 million, reducing the contribution burden. - FY2020-Q1RestatedAnnual report
「As a compound feed manufacturer, the Company participates in the Compound Feed Price Stabilization Scheme. Fluctuations in the reserve contributions borne by compound feed manufacturers under the scheme could have a material impact on the Company’s operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Compound Feed Price Stabilization Scheme. - FY2019-Q2MitigatedAnnual report
「In the feed business, sales volumes of livestock feed increased and average selling prices rose, but improvement in the earnings environment for aquaculture feed was delayed. As a result, revenue for the first six months of the fiscal year was ¥78,655 million, up 5.0% year on year. Operating profit was ¥2,988 million, up 14.0% year on year, despite higher costs due to rising raw material prices, owing in part to lower selling, general and administrative expenses resulting from a reduction in contributions to the Feed Price Stabilization Fund.」
Contributions to the Feed Price Stabilization Fund fell from ¥2,246 million in the same period of the previous year to ¥1,458 million, contributing to lower selling, general and administrative expenses and higher operating profit in the feed business. - FY2019-Q1RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization system. Changes in the contributions borne by compound feed manufacturers under this system may have a material impact on operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Feed Price Stabilization Scheme. - FY2018-Q3RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization system. Changes in the contributions borne by compound feed manufacturers under this system may have a material impact on operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Feed Price Stabilization Scheme. - FY2018-Q2RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization system. Changes in the contributions borne by compound feed manufacturers under this system may have a material impact on operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Feed Price Stabilization Scheme. - FY2018-Q1RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization system. Changes in the contributions borne by compound feed manufacturers under this system may have a material impact on operating results and financial position.」
Reiterates the risk of fluctuations in manufacturers’ reserve contributions under the Feed Price Stabilization Scheme. - FY2017RestatedAnnual report
「Depending on trends in the feed price stabilization fund contributions that our company is required to make under this system, operating results and financial position may be affected.」
The company has reiterated the risk of changes in manufacturer contributions under the compound feed price stabilization system. - FY2017-Q3RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization program. Changes in the contributions borne by feed manufacturers under this program may have a material impact on operating results and financial position.」
The company has reiterated the risk of changes in contributions borne by manufacturers under the compound feed price stabilization program. - FY2017-Q2RestatedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization program. Changes in the contributions borne by feed manufacturers under this program may have a material impact on operating results and financial position.」
The company has reiterated the risk of changes in contributions borne by manufacturers under the compound feed price stabilization program. - FY2017-Q1First statedAnnual report
「As a compound feed manufacturer, we participate in the compound feed price stabilization program. Changes in the contributions borne by feed manufacturers under this program may have a material impact on operating results and financial position.」
The company has identified changes in contributions borne by feed manufacturers under the price stabilization program as a new risk affecting operating results and financial position.