Gradual decline in domestic sugar demand due to the declining birthrate, population aging and population decline
First written in FY2016. 4 of 8 entries say "Worsened", first in FY2019. Latest entry: FY2025.
Mitsui DM Sugar moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 10 of 30 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Domestic sugar consumption is trending gradually downward due to population decline and the diversification of demand for sweet foods.」
The gradual decline in domestic sugar demand against a backdrop of population decline and the diversification of demand for sweet foods continues to be described. - FY2024RestatedAnnual report
「Domestic sugar consumption is trending gradually downward due to population decline and the diversification of demand for sweet foods.」
The gradual decline in domestic sugar consumption due to population decline and the diversification of demand for sweet foods continues to be described. - FY2023-Q3WorsenedAnnual report
「Domestic refined sugar sales for household use remain sluggish as repeated food price increases have dampened consumers’ willingness to purchase, while sales to restaurants and souvenir businesses are recovering, partly due to government measures to stimulate tourism demand.」
Domestic sugar demand was described as recovering for restaurants and souvenir businesses, while household demand remains sluggish because food price increases have dampened consumers’ willingness to purchase. - FY2022-Q2WorsenedAnnual report
「The long-term gradual decline in domestic sugar consumption has accelerated further amid the COVID-19 pandemic, while progress on the TPP and economic partnership agreements with numerous countries has exposed the business to increasingly intense international competition, making conditions more difficult.」
The company stated that the long-term decline in domestic sugar demand has accelerated during the COVID-19 pandemic and reiterated the intensification of international competition. - FY2021WorsenedAnnual report
「Domestic sugar consumption has also been trending downward due to population decline and the diversification of demand for sweet foods, with the decline widening year by year.」
Risk recognition regarding domestic sugar demand has intensified, shifting from the previous outlook for a decline to a description that the decline is widening year by year. - FY2019WorsenedAnnual report
「Sugar operations account for nearly 80% of our group’s sales, leaving our business structure susceptible to changes in the environment surrounding those operations and to agricultural and trade policies. Sugar consumption is also expected to decline gradually due to the declining birthrate, ageing population, anticipated population decline and increased imports of sweetened prepared products.」
In addition to reliance on sugar business sales and the gradual decline in domestic sugar consumption, rising imports of sugar-containing prepared products were identified as a factor behind declining demand. - FY2017RestatedAnnual report
「Sugar operations account for more than 80% of our group’s sales. We recognize that our business environment is affected by the gradual decline in domestic sugar demand resulting from the declining birthrate, ageing population and anticipated population decline, as well as developments in agricultural policy, the outcome of the TPP and developments in new EPAs.」
The company has reconfirmed its dependence on sugar operations for sales and the trend of gradually declining domestic demand. - FY2016First statedAnnual report
「Sugar operations, which are highly affected by agricultural policy, account for more than 80% of our group’s sales, and domestic sugar demand is expected to decline gradually due to the declining birthrate, ageing population and anticipated population decline.」
The company’s structure, in which sugar operations account for more than 80% of sales, and the outlook for a gradual decline in domestic demand are presented.