Declining sugar demand and increases in imported sweetened preparations and artificial sweeteners
First written in FY2016. 15 of 29 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「The sugar industry remains in a challenging environment, with sugar consumption trending downward due to consumers' preference for less sweetness and the increasing use of alternative sweeteners such as high-fructose corn syrup and imported sweetened preparations.」
The structural decline in sugar consumption and the increase in alternative sweeteners continue to be identified as major business-environment risks. - FY2024MitigatedAnnual report
「Beet sugar sales exceeded those of the previous fiscal year as demand from soft-drink and confectionery customers recovered and selling prices rose.」
While the structural decline in sugar demand due to a preference for less sweetness and the use of alternative sweeteners remains, beet sugar sales have exceeded those of the previous fiscal year as demand from soft-drink and confectionery customers recovered. - FY2024-Q3MitigatedAnnual report
「Sugar segment sales increased 11.4% year on year to ¥36,095 million, reflecting a recovery in demand from confectionery and food-service customers, as well as higher selling prices. However, beet sugar production incurred an operating loss of ¥509 million, compared with an operating loss of ¥520 million in the same period of the previous year, due to the markedly low sugar content of the beets used as raw material following last summer's extreme heat and persistently high energy costs.」
Demand for sugar from confectionery and food-service customers recovered, resulting in higher sales in the sugar business. Although the structural risk of declining demand remains, the impact of demand depressed by COVID-19 and other factors has been partially mitigated. - FY2024-Q2MitigatedAnnual report
「Sales volumes of beet sugar, which had declined because of the impact of COVID-19, recovered in industrial applications such as soft drinks, confectionery, and food service. Together with higher selling prices, this resulted in net sales exceeding those of the same period of the previous year.」
While the structural risk of declining demand due to a preference for less sweetness and the use of alternative sweeteners remains, sales volumes of industrial beet sugar, which had fallen due to the impact of infectious diseases, have recovered, partially mitigating the impact. - FY2024-Q1MitigatedAnnual report
「Sugar business sales increased 10.2% year on year to ¥11,755 million because sales volumes of sugar, which had declined because of the impact of COVID-19, were showing signs of recovery and selling prices rose along with higher sugar market prices. However, the Company posted an operating loss of ¥71 million, compared with operating profit of ¥289 million in the same period of the previous year, largely because of the recognition of an inventory valuation loss.」
Although the structural risk of declining demand due to consumers’ preference for less-sweet products and alternative sweeteners remains, the Company states that sugar sales volumes, which had declined because of the impact of COVID-19, are showing signs of recovery. - FY2023-Q3RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward because of consumers’ preference for less-sweet products and increases in inexpensive imported sugar-containing preparations, isomerized sugar, and high-intensity artificial sweeteners.」
The Company reaffirms the downward trend in sugar consumption caused by consumers’ preference for less-sweet products and the increase in alternative sweeteners, as well as the difficult industry environment. - FY2023-Q2MitigatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward because of consumers’ preference for less-sweet products and increases in inexpensive imported sugar-containing preparations, isomerized sugar, and high-intensity artificial sweeteners. Sales volumes of beet sugar, which had declined because of the impact of COVID-19, are beginning to recover in industrial applications such as soft drinks and food service. Together with higher selling prices, this resulted in net sales exceeding those of the same period of the previous year.」
The risk of declining demand due to consumers’ preference for less-sweet products and the increase in alternative sweeteners continues, but sales volumes of beet sugar for industrial applications are showing signs of recovery, partially mitigating the impact. - FY2023-Q1MitigatedAnnual report
「Sugar segment sales increased 22.4% year on year to ¥10,669 million as sales volumes of beet sugar, which had declined because of the impact of COVID-19, began to recover. However, segment profit decreased 21.7% year on year to ¥289 million because of higher manufacturing costs, transportation expenses, and other factors.」
Although weak sugar consumption remains an issue, sales volumes of beet sugar, which had declined because of the impact of COVID-19, are showing signs of recovery, partially mitigating the impact of declining demand. - FY2022WorsenedAnnual report
「The “Supply and Demand Outlook for Sugar and Isomerized Sugar” published by the Ministry of Agriculture, Forestry and Fisheries in March 2022 projected centrifugal sugar consumption for the one-year period from October 2021 to September 2022 at 1.72 million tonnes, a further decline of 20,000 tonnes from the same period of the previous year, when consumption had fallen by 100,000 tonnes amid the COVID-19 pandemic.」
The Company presents a specific outlook that sugar consumption will decline by a further 20,000 tonnes from the same period of the previous year, describing the worsening decline in demand. - FY2022-Q3RestatedAnnual report
「The sugar industry remains in a generally difficult environment because sugar consumption continues to trend downward and because of the impact of the spread of COVID-19.」
The Company continues to indicate a difficult business environment caused by the downward trend in sugar consumption and the impact of the spread of COVID-19. - FY2022-Q2RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption. Meanwhile, some recovery has been seen in industrial demand. - FY2022-Q1RestatedAnnual report
「Although demand for industrial sugar, including sugar for confectionery, remained depressed because of the impact of COVID-19, some recovery was seen in demand for beverages and other products. Sugar segment sales increased 1.3% year on year to ¥8,719 million, and segment profit was ¥369 million, compared with a segment loss of ¥0 million in the same period of the previous year, partly because the Company continued to reduce expenses.」
Although the decline in industrial sugar demand continues, the Company reports some recovery in demand for beverages and other products, indicating partial recovery while maintaining the risk of declining demand. - FY2021-Q3WorsenedAnnual report
「Sugar consumption has declined because of consumers’ preference for less-sweet products, increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners, and reduced consumption caused by COVID-19, leaving the sugar industry in a difficult environment.」
In addition to consumers’ preference for less-sweet products and the increase in alternative sweeteners, the Company explicitly identifies reduced consumption caused by COVID-19 as a factor behind declining demand. - FY2021-Q2MaterialisedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
As the downward trend in sugar consumption and the increase in alternative sweeteners continue, the impact of declining sugar demand was substantial during the cumulative quarter, emerging as declines in sales volumes and net sales. - FY2021-Q1MaterialisedAnnual report
「Sugar segment sales decreased 15.2% year on year to ¥8,605 million because demand for industrial sugar for confectionery and beverages declined as people refrained from going out amid the spread of COVID-19, resulting in lower sales volumes. The segment posted a loss of ¥0 million, compared with segment profit of ¥372 million in the same period of the previous year.」
The previously identified risk of declining sugar demand materialized as industrial demand and sales volumes declined because people refrained from going out amid the COVID-19 pandemic, and the sugar segment swung to a loss. - FY2020WorsenedAnnual report
「Domestic sugar consumption is trending downward because of consumers’ preference for less-sweet products and increases in inexpensive sugar-containing preparations, isomerized sugar, and high-intensity artificial sweeteners. In the “Supply and Demand Outlook for Sugar and Isomerized Sugar” published by the Ministry of Agriculture, Forestry and Fisheries in March 2020, centrifugal sugar consumption for the one-year period from October 2019 to September 2020 was projected at 1.84 million tonnes, a decrease of 40,000 tonnes from the consumption projected for the same period of the previous year.」
In addition to consumers’ preference for less-sweet products and the increase in alternative sweeteners, the Company presents a specific outlook that domestic centrifugal sugar consumption will decline by 40,000 tonnes from the estimate for the same period of the previous year, further clarifying the risk of declining demand. - FY2020-Q3RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption as its business environment. - FY2020-Q2WorsenedAnnual report
「The sugar industry remains in a difficult environment, as domestic sugar consumption is trending downward because of consumers’ preference for less-sweet products and increases in inexpensive sugar-containing preparations, isomerized sugar, and high-intensity artificial sweeteners.」
In addition to imported sugar-containing preparations and artificial sweeteners, isomerized sugar is newly identified as a substitute, broadening the range of competitive factors affecting sugar demand. - FY2020-Q1RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption. - FY2019-Q3RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption. - FY2019-Q1WorsenedAnnual report
「The sugar industry remains in a difficult environment. In addition to the downward trend in sugar consumption, domestic sugar selling prices are trending downward because of weak overseas sugar market conditions.」
In addition to the previously cited decline in sugar consumption, the Company identifies weak overseas market conditions and falling domestic selling prices, providing greater detail on the difficult business environment. - FY2018-Q3RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption as its business environment. - FY2018-Q2RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption as its business environment. - FY2018-Q1RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward amid Japan’s declining birthrate and aging population, consumers’ preference for less-sweet products, and increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe the decline in sugar demand caused by Japan’s declining birthrate and aging population, consumers’ preference for less-sweet products, and increases in imported sugar-containing preparations and artificial sweeteners as its business environment. - FY2017RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward amid Japan’s declining birthrate and aging population, consumers’ preference for less-sweet products, and increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe the decline in sugar demand caused by Japan’s declining birthrate and aging population, consumers’ preference for less-sweet products, and increases in imported sugar-containing preparations and artificial sweeteners as its business environment. - FY2017-Q3RestatedAnnual report
「The sugar industry remains in a difficult environment, affected by inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners against a backdrop of consumers’ preference for less-sweet products.」
The Company continues to describe the difficult environment in the sugar industry caused by consumers’ preference for less-sweet products and the impact of imported sugar-containing preparations and artificial sweeteners. - FY2017-Q2RestatedAnnual report
「The sugar industry remains in a difficult environment, affected by inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners against a backdrop of consumers’ preference for less-sweet products.」
The Company continues to describe the difficult environment in the sugar industry caused by consumers’ preference for less-sweet products and the impact of imported sugar-containing preparations and artificial sweeteners. - FY2017-Q1RestatedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
The Company continues to describe consumers’ preference for less-sweet products, increases in imported sugar-containing preparations and artificial sweeteners, and the downward trend in sugar consumption as its business environment. - FY2016First statedAnnual report
「The sugar industry remains in a difficult environment, as sugar consumption is trending downward against a backdrop of consumers’ preference for less-sweet products, partly because of increases in inexpensive imported sugar-containing preparations and high-intensity artificial sweeteners.」
Weak demand surrounding the core business and competition from substitutes remain ongoing management challenges.