Impact of Policy Changes, Including TPP, EPAs and FTAs, on the Sugar Business
First written in FY2016. 18 of 21 entries say "Restated". Latest entry: FY2026-H1.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「National agricultural policy, the international environment surrounding the sugar industry, and risks specific to the sugar business, including the production conditions for beet raw material, may materially affect the operating results of the Group.」
The Company continues to refer to the existing risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business, stating that there have been no material changes. - FY2024-Q2RestatedAnnual report
「National agricultural policy and the international environment surrounding the sugar industry」
The Company continues to refer to the risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business as a factor that could materially affect operating results. - FY2023-Q1RestatedAnnual report
「As described in the “Issues to Be Addressed” and “Business and Other Risks” sections of the securities report for the previous fiscal year, factors that could materially affect the Group’s operating results include the following: the sugar business accounts for approximately 70% of the Group’s net sales, and most of its other businesses also consist of businesses ancillary to or related to the sugar business. Consequently, risks specific to the sugar business, including national agricultural policy, international conditions surrounding the sugar industry, and the production conditions for sugar beet raw materials, could materially affect the Group’s operating results.」
The Company continues to refer to the risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business, as an item disclosed in the previous fiscal year. - FY2022RestatedAnnual report
「In addition, developments in international economic agreements such as the TPP (Trans-Pacific Partnership) are highly likely to be reflected significantly in agricultural policy, creating a risk that they may affect the performance of the sugar business.」
The Company continues to disclose the risk that developments in international economic agreements such as the TPP may affect the sugar business through agricultural policy. - FY2022-Q3RestatedAnnual report
「National agricultural policy, the international environment surrounding the sugar industry, and risks specific to the sugar business, including the production conditions for beet raw material, may materially affect the operating results of the Group.」
The Company continues to refer to the risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business, as an item disclosed in the previous fiscal year. - FY2022-Q2RestatedAnnual report
「The sugar business accounts for approximately 70% of the Group’s net sales, and most of its other businesses also consist of businesses ancillary to or related to the sugar business. As a result, risks specific to the sugar business, including national agricultural policy, international conditions surrounding the sugar industry, and the production conditions for sugar beet raw materials, could materially affect the Group’s operating results.」
The Company continues to refer to the risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business, as an item disclosed in the previous fiscal year. - FY2022-Q1RestatedAnnual report
「As described in the “Issues to Be Addressed” and “Business and Other Risks” sections of the securities report for the previous fiscal year, factors that could materially affect the Group’s operating results include the following: the sugar business accounts for approximately 70% of the Group’s net sales, and most of its other businesses also consist of businesses ancillary to or related to the sugar business. Consequently, risks specific to the sugar business, including national agricultural policy, international conditions surrounding the sugar industry, and the production conditions for sugar beet raw materials, could materially affect the Group’s operating results.」
The Company continues to refer to the risk that national agricultural policy and the international environment surrounding the sugar industry may affect the sugar business, as an item disclosed in the previous fiscal year. - FY2020ReframedAnnual report
「Regarding the international environment surrounding the sugar industry, TPP11 entered into force on 30 December 2018, the Japan-EU EPA on 1 February 2019, and the Japan-U.S. Trade Agreement on 1 January 2020. The Company will continue to monitor the impact of these agreements entering into force.」
The focus has shifted from concerns about the outcome of previous agreement negotiations to monitoring the impact following the entry into force of TPP11, the Japan-EU EPA and the Japan-U.S. Trade Agreement. - FY2020-Q3RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by fluctuations in international sugar prices and the outcome of various border measures, including those under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that fluctuations in international sugar prices and border measures under the WTO, EPAs and FTAs may affect the beet sugar business, as well as the need to strengthen its financial position and business foundation. - FY2020-Q2RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by fluctuations in international sugar prices and the outcome of various border measures, including those under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that fluctuations in international sugar prices and border measures under the WTO, EPAs and FTAs may affect the beet sugar business. - FY2020-Q1RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by fluctuations in international sugar prices and the outcome of various border measures, including those under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that fluctuations in international sugar prices and border measures under the WTO, EPAs and FTAs may affect the beet sugar business. - FY2019-Q3RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2019-Q1RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2018-Q3RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2018-Q2RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2018-Q1RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2017WorsenedAnnual report
「The TPP (Trans-Pacific Partnership), which was agreed in principle on 5 October the year before last and formally signed on 4 February last year, lost its prospects for entering into force after the United States, one of the participating countries, announced its withdrawal. President Trump was seeking bilateral economic partnership agreements, so related developments must continue to be monitored.」
Following the United States' announcement of its withdrawal from the TPP, the TPP lost its prospects for entering into force, giving concrete form to the policy-change risk associated with monitoring developments in bilateral agreements. - FY2017-Q3RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2017-Q2RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2017-Q1RestatedAnnual report
「The beet sugar business is heavily affected not only by weather but also by international policy changes, including agricultural negotiations under the WTO (World Trade Organization), EPAs (Economic Partnership Agreements) and FTAs (Free Trade Agreements), as well as the outcome of negotiations over participation in the TPP (Trans-Pacific Partnership). In light of the severe business environment expected ahead, the Company must strengthen its financial position and expand its business foundation.」
The Company reiterates its recognition that international policy changes involving the WTO, EPAs and FTAs, and the TPP may affect the beet sugar business. - FY2016First statedAnnual report
「In addition, developments relating to the TPP (Trans-Pacific Partnership), the EPA (Economic Partnership Agreement), the FTA (Free Trade Agreement) and other agreements are highly likely to be reflected significantly in agricultural policy, and may affect the performance of the sugar business.」
This indicates the need to monitor international policy changes, including the sugar price adjustment system and import quotas for sweetened preparations.