Increase in the enterprise-size-based corporate tax rate and higher expenses due to lower interest rates
First written in FY2017-Q3. 11 of 13 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2023-Q2.
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- FY2023-Q2MaterialisedAnnual report
「As a result, total sugar shipments exceeded the level of the same period of the previous year, but profit was below that level due to a substantial increase in energy costs, higher raw material procurement costs affected by the weaker yen, and expenses related to the business integration with 伊藤忠製糖株式会社.」
Energy costs actually rose significantly, weighing on profit in the Sugar and Other Foods Business together with higher raw-material procurement costs caused by the weaker yen and costs related to the business integration. - FY2023-Q1MaterialisedAnnual report
「As a result, total sugar shipments exceeded the level of the same period of the previous year, but profit was below that level due to higher raw material procurement, energy and logistics costs and other factors.」
Higher energy and logistics costs, among others, actually occurred and became factors weighing on profit in the Sugar and Other Foods Business. - FY2020RestatedAnnual report
「On the earnings side, although logistics costs increased, profit exceeded the previous fiscal year as a result of efforts to focus on profitable sales.」
It explains that logistics costs continued to rise, but profit exceeded the previous fiscal year through profitability-focused sales. - FY2020-Q3MaterialisedAnnual report
「On the earnings side, although logistics costs increased, profit exceeded the year-earlier level as a result of efforts to focus on profitable sales.」
Although higher logistics costs actually occurred, Sugar and Other Foods Business segment profit exceeded the year-earlier level through profitability-focused sales. - FY2020-Q1MaterialisedAnnual report
「On the earnings side, higher logistics and energy costs, among other factors, became factors behind lower earnings.」
It explains that higher logistics and energy costs, among other factors, actually occurred as factors behind lower earnings in the current quarter. - FY2019-Q3MaterialisedAnnual report
「On the profit side, although energy and logistics costs increased, sales focused on profitability, together with lower depreciation resulting from a change in accounting policy and lower other expenses, contributed to higher profit.」
It explains that energy and logistics costs actually increased, but factors contributing to higher earnings, including profitability-focused sales and lower expenses, outweighed them. - FY2019-Q1MaterialisedAnnual report
「On the profit side, although energy costs increased, lower depreciation resulting from a change in accounting policy, together with sales at appropriate prices, contributed to higher profit.」
It explains that rising energy costs actually occurred in the current quarter. Meanwhile, lower depreciation and amortization expenses and sales at appropriate prices resulted in higher earnings. - FY2018MaterialisedAnnual report
「On the earnings side, factors behind lower earnings included intensified competition, particularly for household products, stemming from the volatility of overseas raw sugar prices in the previous fiscal year, high-cost inventory held when product market prices fell sharply in the first half, and higher expenses including retirement benefit expenses.」
High-cost inventory held during the decline in product market prices and higher expenses including retirement benefit expenses actually became factors behind lower earnings in the current fiscal year as well. - FY2018-Q3MaterialisedAnnual report
「On the earnings side, factors behind lower earnings included intensified competition, particularly for household products, stemming from the volatility of overseas raw sugar prices last year, high-cost inventory held when product market prices fell sharply in the first half, and higher expenses including rising energy costs and retirement benefit expenses.」
Higher expenses, including rising energy costs and retirement benefit expenses, are actually occurring as factors behind lower earnings in the cumulative third quarter. - FY2018-Q2MaterialisedAnnual report
「High-cost inventory when product market prices fell sharply, higher energy costs and increased expenses, including retirement benefit expenses, combined to reduce profit.」
Higher expenses, including rising energy costs and retirement benefit expenses, also occurred in the second quarter and became factors behind lower earnings in the Sugar and Other Foods Business. - FY2018-Q1MaterialisedAnnual report
「Segment profit was ¥528 million, down 31.0%, due in part to higher fuel costs and retirement benefit expenses.」
Higher fuel costs and retirement benefit expenses actually occurred and became factors weighing on profit in the Sugar and Other Foods Business. - FY2017RestatedAnnual report
「In the Sugar and Other Foods Business, rising energy costs, expenses related to the development and research of new products, costs associated with equipment upgrades at the Imafuku Plant to expand FSSC 22000 certification, and higher retirement benefit expenses resulting from the impact of ultra-low interest rates, among other factors, are weighing on performance in the next fiscal year.」
It reconfirms higher retirement benefit expenses resulting from ultra-low interest rates as a factor weighing on performance in the next fiscal year. - FY2017-Q3MaterialisedAnnual report
「As expenses increased due to higher external-standard taxation following tax reforms and higher retirement benefit expenses resulting from lower interest rates, revenue from the Sugar and Other Foods Business totaled ¥35,646 million, down 1.7% year on year, and segment profit was ¥2,266 million, down 3.4%.」
It explains that higher expenses associated with tax reforms and lower interest rates actually occurred as factors behind the increase in expenses during the cumulative third quarter.