Earnings pressure from costs related to the business integration with 伊藤忠製糖
First written in FY2023-Q2. 2 of 4 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2024.
Wellneo Sugar moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Profit increased substantially due to favorable raw material procurement and the recognition of one-off costs associated with the management integration in the previous fiscal year.」
The one-off costs associated with the management integration incurred in the previous fiscal year no longer weighed on the year-on-year comparison, while favorable raw material procurement and other factors led to a substantial increase in profit. - FY2024-Q3MitigatedAnnual report
「Profit increased substantially due to favorable raw material procurement and the recognition of one-off costs associated with the management integration in the previous fiscal year.」
The one-off costs associated with the management integration were recorded in the previous fiscal year and affected the comparison, while profit increased substantially in the cumulative third quarter due to favorable raw material procurement and other factors. - FY2023MaterialisedAnnual report
「On the other hand, profit was below the level of the previous fiscal year due to higher raw material procurement and energy costs resulting from the surge in overseas raw sugar prices, as well as the recognition of expenses related to the business integration.」
Costs associated with the management integration were also recorded in the annual results and, together with higher raw material and energy costs, contributed to the decline in profit. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, due to higher energy and raw material procurement costs and the recognition of costs associated with the management integration with 伊藤忠製糖株式会社, among other factors, operating profit was ¥724 million, down 43.9%, profit before tax was ¥790 million, down 42.5%, and profit for the quarter attributable to owners of the parent was ¥435 million, down 53.1%.」
The company reports that costs associated with the management integration with 伊藤忠製糖 were actually incurred and, together with higher energy and raw material procurement costs, contributed to declines in operating profit, profit before tax and profit for the quarter attributable to owners of the parent.