Decline in Domestic Sugar Demand

「Sales volumes of industrial-use products declined year on year. While demand for breadmaking and other applications showed signs of recovery, volumes for beverages and confectionery declined due to inflation and other factors. Sales volumes of household products also declined year on year, despite strong shipments of rock sugar and the Company’s proprietary Kibi Sugar, due to fewer opportunities for home cooking and other factors.」

「Domestic sugar consumption has remained broadly resilient overall, as increased demand for souvenir confectionery, food service and other products driven by expanding inbound travel has continued to offset declining demand caused by fewer opportunities for home cooking and other factors.」

「Domestic sugar consumption was affected by fewer opportunities for home cooking, but shipments for souvenir confectionery and food service improved as inbound demand expanded.」

「Against this backdrop, regarding its core sugar business, souvenir confectionery and food service recovered as inbound demand improved, and shipments of frozen desserts and other products were strong due to record heat. However, the business was affected by weak consumption resulting from continued food price increases and fewer opportunities for home cooking. Total sugar shipments increased substantially from the previous year because the Itochu Sugar Group was newly included, although commercial shipments increased while household shipments declined.」

「Although food service and inbound demand recovered and shipments of frozen desserts and other products remained strong due to record heat, total shipments of both commercial and household products declined because consumption weakened as food prices continued to rise.」

「Against this backdrop, regarding its core sugar business, food service recovered following the reclassification of COVID-19 as a Class 5 disease, and shipments of bakery products and frozen desserts remained strong. However, overall shipments declined in both commercial and household products due to weak consumption caused by various price increases.」

「Against this backdrop, regarding its core sugar business, commercial products increased as sales of confectionery and bakery products and other items recovered with the establishment of a new lifestyle, and souvenir confectionery and food service recovered with increased movement of people due to nationwide travel support measures and other initiatives. Household products struggled, but shipments of proprietary Kibi Sugar remained strong.」

「Against this backdrop, regarding its core sugar business, commercial products increased as souvenir confectionery and food service recovered with increased movement of people following the easing of activity restrictions, and shipments of beverages and frozen desserts remained strong due to favorable weather. Household products struggled as stay-at-home demand declined, but the company's proprietary Kibi Sugar performed well. As a result, total sugar shipments exceeded the previous year.」

「Against this backdrop, regarding its core sugar business, commercial products increased as souvenir confectionery and food service recovered with increased movement of people following the easing of activity restrictions, and shipments of beverages and frozen desserts remained strong due to favorable weather. Household products declined as stay-at-home demand decreased, and rock sugar declined due to a poor crop of Japanese plums, although shipments of the company's proprietary Kibi Sugar remained strong. As a result, total sugar shipments exceeded the previous year, but profit fell below the previous year due to increases in raw-material procurement, energy and logistics costs.」

「Against this backdrop, regarding its core sugar business, commercial products increased as sales of confectionery and bakery products and other items recovered due to the establishment of a new lifestyle and the lifting of the state of emergency, while some recovery was also seen in souvenir confectionery and food service. Some household products increased as shipments of the company's proprietary Kibi Sugar and rock sugar for plum wine remained strong. As a result, total sugar shipments exceeded the previous fiscal year.」

「Although demand for souvenir confectionery and food service remained weak due to fewer inbound visitors and restrictions on business travel and tourism, commercial products increased as sales of confectionery and bakery products and other items recovered on the back of the shift toward a settled new lifestyle and stay-at-home demand. As a result, total sugar shipments exceeded the previous year.」

「Although demand for souvenir confectionery and other products has remained weak due to fewer inbound visitors and restrictions on business travel and tourism, some commercial products increased as sales of confectionery and bakery products recovered on the back of the shift toward a settled new lifestyle and stay-at-home demand. As a result, total sugar shipments exceeded the previous year.」

「In the refined-sugar business, domestic sugar consumption is expected to continue its gradual decline, and the environment is expected to remain difficult, with a further decline in consumption unavoidable, particularly as the impact of COVID-19 is expected to continue in fiscal 2021.」

「Against this backdrop, regarding its core sugar business, shipments fell substantially below the previous year due to the COVID-19 pandemic. Commercial products declined substantially as demand for souvenir confectionery and food service fell sharply due to fewer inbound visitors and restrictions on business travel and tourism, despite some support from the Go To campaign. Meanwhile, the company's proprietary Kibi Sugar performed well.」

「Regarding its core sugar business, shipments fell substantially below the previous year due to the COVID-19 pandemic. Commercial products declined substantially as demand for souvenir confectionery and food service fell sharply due to fewer inbound visitors and restrictions on business travel and tourism. Although opportunities for home cooking increased, shipments of household products declined because stockpiling had run its course and major retailers refrained from special-sale promotions.」

「Against this backdrop, regarding its core sugar business, Kibi Sugar performed well, but household products declined as a result of the COVID-19 pandemic, despite increased opportunities for home cooking, because the surge in stockpiling had run its course and major retailers refrained from special-sale promotions. Commercial products declined substantially as demand for souvenir confectionery and food service fell sharply due to fewer inbound visitors and restrictions on business travel and tourism. As a result, total sugar shipments fell well below the previous year.」

「The refined-sugar industry is subject to the Act on Price Adjustment of Sugar and Starch and other legislation, and is affected by government agricultural policy and international economic agreements. Domestic refined-sugar consumption is also trending downward.」

「Against this backdrop, regarding its core sugar business, Kibi Sugar, the company's proprietary product, performed well, but household products declined as reduced home cooking continued.」

「Regarding its core sugar business, Kibi Sugar, the company's proprietary product, performed well, but household products declined as reduced home cooking continued. Commercial products also declined as consumption of beverages, frozen desserts and other products fell due to cool weather during the rainy season and prolonged rain in summer, causing total sugar shipments to fall below the previous year.」

「Household products also continued to be affected by reduced home cooking, and total sugar shipments fell below the previous year.」

「Regarding its core sugar business, Frost Sugar, the company's proprietary granular product that dissolves easily in water, and rock sugar for plum wine performed well. However, declines in household products due to reduced home cooking and the impact of a succession of natural disasters caused total shipments to fall below the previous year.」

「Regarding its core sugar business, Frost Sugar, the company's proprietary granular product that dissolves easily in water, and rock sugar for plum wine performed well. However, declines in household products due to reduced home cooking and the impact of a succession of natural disasters caused total shipments to fall below the previous year.」

「In the core sugar and other food businesses, domestic sugar consumption began declining again in sugar year 2016, from October 2016 through September 2017, and difficult conditions are expected to continue as the population declines.」

「Regarding its core sugar business, shipments of household products declined, but overall shipments were roughly level with the previous year as beverage-related products and the company's proprietary products, Kibi Sugar and Frost Sugar, performed well.」

「Regarding its core sugar business, shipments of household products declined as household consumption continued to trend down, but overall shipments were roughly level with the previous year due to increased demand for beverages and strong shipments of the company's proprietary products, Kibi Sugar and Frost Sugar.」

「Although the decline in domestic sugar demand has been temporarily halted, the outlook is difficult, as demand is not expected to expand while the population continues to decline.」

「Although sugar demand has continued to decline recently,」