Decline in Beet Pulp Inventory in the Feed Business and Segment Loss
First written in FY2018-Q2. 14 of 28 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2026.
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- FY2026Beet pulp production decline alongside improved Feed business profitAnnual report
「Beet pulp production decreased as a result of lower yields of sugar beets harvested in 2025, and both sales volume and revenue fell below the previous fiscal year. Feed business revenue was ¥12,744 million, down 0.9%, while earnings improved mainly due to lower prices for imported corn and other raw materials, resulting in operating profit of ¥1,363 million, up 11.7%.」
Although lower yields of sugar beets used as raw material led to lower beet pulp production and sales, feed business profit improved due to lower prices for imported corn and other raw materials. - FY2026-H1Declining carried-over inventory sales alongside a narrower lossAnnual report
「Beet pulp revenue fell below the same period of the previous year due to lower sales of carried-over inventory. Feed business revenue decreased 2.7% year on year to ¥5,088 million, but the business posted an operating loss of ¥103 million, compared with an operating loss of ¥183 million in the same period of the previous year, due to lower raw material prices and cost reductions.」
Although sales of carried-over beet pulp inventory continue to decline, the feed business's operating loss narrowed from ¥183 million to ¥103 million due to lower raw material prices and cost reductions. - FY2025MitigatedAnnual report
「Beet pulp production increased as a result of higher yields of sugar beets used as raw material, and both sales volume and revenue exceeded the previous fiscal year.」
Higher beet pulp production and sales resulting from increased yields of sugar beets used as raw material are easing the feed business's previous risk of losses caused by inventory depletion and weak sales. - FY2025-H1MitigatedAnnual report
「Feed business revenue increased 0.5% year on year to ¥5,230 million, while the inventory valuation loss declined and the business posted an operating loss of ¥183 million, compared with an operating loss of ¥676 million in the same period of the previous year.」
The feed business reduced its operating loss from ¥676 million in the same period of the previous year to ¥183 million, with the decline in the inventory valuation loss easing the impact of losses. Meanwhile, sales of carried-over beet pulp inventory continue to decline. - FY2024WorsenedAnnual report
「Feed business revenue was ¥12,673 million, up 1.1% year on year, but operating profit was ¥121 million, down 72.3%, due to the impact of raw material prices and energy costs.」
Although the feed business generated higher revenue, operating profit fell 72.3% year on year due to the impact of raw material prices and energy costs, and profit continues to be pressured by rising costs. - FY2024-Q3WorsenedAnnual report
「Feed business revenue increased 0.8% year on year to ¥9,309 million due to higher selling prices, but the business posted an operating loss of ¥84 million, compared with operating profit of ¥113 million in the same period of the previous year, due to persistently high energy costs.」
Although higher selling prices increased revenue, persistently high energy costs caused the feed business to turn from operating profit of ¥113 million in the same period of the previous year to an operating loss of ¥84 million. - FY2024-Q2WorsenedAnnual report
「Feed business revenue increased 3.7% year on year to ¥5,206 million, but the business posted an operating loss of ¥676 million, compared with an operating loss of ¥230 million in the same period of the previous year, mainly because of an inventory valuation loss on fuel inventories.」
The operating loss in the feed business widened from ¥230 million in the same period of the previous year to ¥676 million due to the inventory valuation loss on fuel inventories. - FY2024-Q1WorsenedAnnual report
「Feed business revenue increased 9.6% year on year to ¥2,646 million due to higher compound feed selling prices resulting from surging grain prices, but the business posted an operating loss of ¥502 million, compared with an operating loss of ¥130 million in the same period of the previous year, mainly because of an inventory valuation loss.」
Although higher compound feed selling prices increased revenue, the operating loss widened from ¥130 million in the same period of the previous year to ¥502 million due to the impact of the inventory valuation loss. - FY2023WorsenedAnnual report
「Feed segment revenue was ¥12,536 million, up 11.4% year on year, but the significant impact of higher raw material prices and energy costs resulted in segment profit of ¥440 million, down 66.7%.」
Feed business profit fell 66.7% year on year due to higher raw material prices and energy costs, and the impact of rising costs continues. - FY2023-Q3WorsenedAnnual report
「Feed segment sales increased 16.1% year on year to ¥9,235 million due to higher selling prices, but segment profit fell 85.2% year on year to ¥113 million due to higher raw material prices and energy costs.」
Although the feed business generated higher revenue due to higher selling prices, profit fell sharply because of higher raw material prices and energy costs, and the pressure on performance from rising costs is intensifying. - FY2023-Q2WorsenedAnnual report
「Beet pulp revenue fell below the same period of the previous year due to lower sales of carried-over inventory. Feed segment revenue increased 11.9% year on year to ¥5,020 million, but the segment posted a ¥230 million loss due to the impact of higher raw material prices, compared with a segment profit of ¥171 million in the same period of the previous year.」
As sales of carried-over inventory continued to decline, higher raw material prices caused the feed segment to turn from a profit in the same period of the previous year to a ¥230 million loss. - FY2023-Q1WorsenedAnnual report
「Feed segment sales increased 9.0% year on year to ¥2,415 million as compound feed selling prices rose in response to grain market conditions. However, the segment recorded a loss of ¥130 million, compared with segment profit of ¥121 million in the same period of the previous year, due to the significant impact of surging raw material prices.」
Rather than beet pulp inventory, the sharp rise in grain and raw material prices has emerged this time as a factor driving the feed segment into a loss. - FY2022MitigatedAnnual report
「Feed segment revenue was ¥11,253 million, up 12.3% year on year, and segment profit was ¥1,321 million, up 13.6%.」
Higher compound feed and beet pulp sales resulted in higher revenue and profit for the feed business, and the previous risk of inventory depletion and losses continues to ease. - FY2022-Q3MitigatedAnnual report
「Feed segment revenue increased 12.4% year on year to ¥7,954 million, mainly due to higher compound feed sales, while segment profit increased 30.7% to ¥768 million due to higher beet pulp profit.」
Feed segment profit increased to ¥768 million, partly due to higher beet pulp profit, and the previous risk of losses resulting from inventory depletion continues to ease. - FY2022-Q2MitigatedAnnual report
「Beet pulp revenue fell below the same period of the previous year due to lower sales volume. Feed segment revenue increased 8.9% year on year to ¥4,485 million, and segment profit increased 69.7% to ¥171 million, partly due to expense reductions.」
Despite lower beet pulp sales volume, the feed segment secured a ¥171 million profit through higher compound feed sales and expense reductions, and the previous risk of losses resulting from inventory depletion continues to ease. - FY2022-Q1MitigatedAnnual report
「Feed segment revenue increased 6.6% year on year to ¥2,216 million due to higher compound feed sales volume, while segment profit increased 23.9% to ¥121 million.」
Feed segment revenue and profit exceeded the same period of the previous year due to higher compound feed sales volume, and the previous risk of inventory depletion and losses continues to ease. - FY2021-Q3MitigatedAnnual report
「Feed segment revenue increased 1.6% year on year to ¥7,074 million, driven by higher beet pulp sales, while segment profit increased 34.1% to ¥588 million owing to higher sales volume and cost reductions, among other factors.」
Feed segment profit increased 34.1% year on year due to higher beet pulp sales, increased sales volume and cost reductions, while the risk of losses resulting from inventory depletion continues to ease. - FY2021-Q2MitigatedAnnual report
「Feed segment revenue was ¥4,119 million, up 4.3% year on year, and segment profit was ¥101 million, compared with a segment loss of ¥26 million in the same period of the previous year.」
The feed segment turned from a ¥26 million loss in the same period of the previous year to a ¥101 million profit, mainly due to sales of beet pulp inventory carried over from the previous fiscal year. - FY2021-Q1MitigatedAnnual report
「Feed segment sales were ¥2,077 million, up 5.1% from the same period of the previous year due to higher sales volumes, while segment profit was ¥98 million, up 771.3%, helped by sales of carryover beet pulp inventories.」
Sales of carryover beet pulp inventories contributed to Feed segment profit of ¥98 million, up 771.3% from the same period of the previous year, easing the risk of losses stemming from lower inventories. - FY2020MitigatedAnnual report
「Feed segment sales were ¥9,714 million, up 1.9% from the previous fiscal year, and segment profit was ¥929 million, up 41.2%.」
Feed business profit improved substantially due to higher sales volumes of beet pulp and compound feed and lower manufacturing costs resulting from lower grain prices. - FY2020-Q3MitigatedAnnual report
「Feed segment sales were ¥6,960 million, up 2.7% from the same period of the previous year, due to higher sales of beet pulp and compound feed, while segment profit was ¥438 million, up 71.6% from the same period of the previous year, due to higher sales volumes and cost reductions and other measures.」
Feed segment profit increased to ¥438 million due to higher sales of beet pulp and compound feed, increased sales volumes, cost reductions and other measures. - FY2020-Q2WorsenedAnnual report
「Feed segment sales were ¥3,949 million, up 0.7% from the same period of the previous year, but the segment posted a loss of ¥26 million, compared with a segment profit of ¥21 million in the same period of the previous year, due to higher selling expenses and other factors.」
The Feed segment changed from a profit of ¥21 million in the same period of the previous year to a loss of ¥26 million due to higher selling expenses and other factors. - FY2020-Q1Lower profit due to higher selling expenses, with losses avoidedAnnual report
「Feed segment sales were broadly in line with the same period of the previous year at ¥1,977 million, but segment profit fell 61.0% from the same period of the previous year to ¥11 million due to higher selling expenses and other factors.」
The Feed segment maintained profitability, but profit fell 61.0% from the same period of the previous year to ¥11 million due to higher selling expenses and other factors. No loss due to lower beet pulp inventories was reported. - FY2019-Q3RestatedAnnual report
「Feed segment sales were ¥6,777 million, up 7.6% from the same period of the previous year, due to higher sales of compound feed and other products, while segment profit was ¥255 million, down 3.5% from the same period of the previous year due to higher selling expenses and other factors.」
The Feed segment continues to generate profit, and the loss-making situation caused by lower beet pulp inventories in the previous fiscal year has not continued. However, profit declined from the same period of the previous year due to higher selling expenses. - FY2019-Q2MitigatedAnnual report
「Feed segment sales were ¥3,921 million, up 6.8% from the same period of the previous year, and segment profit was ¥21 million, compared with a segment loss of ¥65 million in the same period of the previous year.」
The Feed segment changed from a loss of ¥65 million in the same period of the previous year to a profit of ¥21 million due to sales of carryover inventories from the previous fiscal year's higher production and increased sales of compound feed. - FY2019-Q1MitigatedAnnual report
「Feed segment sales were ¥1,957 million, up 5.2% from the same period of the previous year, due to higher sales volumes of compound feed and other factors, and segment profit was ¥28 million, compared with a segment loss of ¥10 million in the same period of the previous year.」
The Feed segment changed from a loss of ¥10 million in the same period of the previous year to a profit of ¥28 million due to higher sales volumes of compound feed. - FY2018-Q3MitigatedAnnual report
「Feed segment revenue increased 4.4% year on year to ¥6,301 million, driven by higher compound feed sales, while segment profit increased 236.2% to ¥264 million, owing to higher compound feed sales volume and lower beet pulp production costs.」
The Feed segment improved from a loss caused by lower beet pulp inventories in the previous fiscal year to a profit of ¥264 million through higher sales volumes and lower manufacturing costs. - FY2018-Q2MaterialisedAnnual report
「Beet pulp sales were substantially below those of the same period of the previous year due to lower carryover inventories resulting from the previous fiscal year's decline in production. Feed segment sales were broadly in line with the same period of the previous year at ¥3,672 million, but the segment posted a loss of ¥65 million, compared with a segment loss of ¥22 million in the same period of the previous year.」
The disclosure states that lower carryover inventories resulting from the previous fiscal year's decline in beet pulp production affected sales and revenue, causing the Feed segment loss to expand from ¥22 million to ¥65 million.