Changes to the TPP, Sugar Price Adjustment System and Other Systems
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2025.
Wellneo Sugar moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「Uncertainty in the external environment, including geopolitical risks and financial markets, has persisted, and the situation remains uncertain.」
Concerns about the external environment and intensifying competition, including those arising from economic partnership agreements, have continued alongside geopolitical risks and uncertainty in the financial markets. - FY2022RestatedAnnual report
「The business environment surrounding Japan’s sugar industry has become increasingly uncertain and challenging due to the declining population, the rise of sugar substitutes driven by preferences for less sweetness and fewer calories, intensifying competition resulting from economic partnership agreements with other countries, and the recent surge in raw material prices.」
The company has reconfirmed intensifying competition resulting from economic partnership agreements and other factors as a concern affecting the business environment for the sugar industry. - FY2019MaterialisedAnnual report
「The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (the TPP11 Agreement) took effect on 30 December 2018, and the Japan-EU Economic Partnership Agreement (EPA) took effect on 1 February 2019. Although sugar-containing prepared products, which are competing products, were incorporated into the current sugar price adjustment system, reducing the adjustment payment burden on sugar, measures that could increase import volumes, such as the establishment of low-tariff import quotas for sugar-containing prepared products, were also introduced. The situation therefore remains uncertain.」
The TPP11 Agreement and the Japan-EU EPA took effect, and the previously anticipated system changes, including the incorporation of sugar-containing prepared products into the system and the introduction of low-tariff import quotas, were implemented. - FY2018ReframedAnnual report
「In March 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, excluding the United States (the TPP11 Agreement), was signed and is awaiting the completion of each country’s domestic procedures. In Japan, the current sugar price adjustment system will be maintained, and a bill has been submitted to incorporate competing products, namely sugar-containing prepared products, into the framework after the agreement takes effect.」
The previously identified issue of changes to the TPP and related systems is mentioned again in the form of the signing of the TPP11 Agreement and the bill to incorporate sugar-containing prepared products into the system. - FY2017DroppedAnnual reportThe “Business and Other Risks” section for the current consolidated fiscal year does not explicitly mention changes to systems such as the TPP or the sugar price adjustment system.
- FY2016First statedAnnual report
「Following broad agreement in the TPP negotiations, the outlook for maintaining the sugar price adjustment system strengthened. The government has also announced plans for important institutional changes, including bringing competing sweetened prepared products into the adjustment payment system and eliminating tariffs on high-polarity raw sugar.」
The company views institutional changes as an important change in the business environment and, at the same time, as an opportunity for a recovery in sugar consumption.