Product Price Revisions in Response to Soaring Raw Material and Logistics Costs

「In response to various cost increases, including higher raw material prices and transportation costs, we implemented value enhancement through price revisions and reviews of product specifications, while promoting efficiency improvements through level production at our own plants and product rationalization. As a result, the ratio to sales was 62.6%, a reduction of 0.6 percentage points from the previous fiscal year.」

「家庭用レトルト食品など14品目の価格改定を実施」

「To address rising costs, the company sought to strengthen its earnings base through productivity improvements, including consolidating unprofitable products and sales channels, and through cost reductions from greater operating efficiency, while revising prices and product specifications for some products.」

「Cost of sales as a percentage of net sales declined by 0.4 percentage points from the previous fiscal year to 63.2%, as the company increased value through price revisions and reviews of product planning in response to various cost increases, including raw material prices and transportation costs, while promoting efficiency through level production at its own factories and product-range rationalization.」

「In response to various cost increases, led by soaring raw material prices, the company revised prices and product specifications, while promoting level production at its own factories and narrowing its product range to strengthen its earnings base.」

「For steamed Chinese buns, the company improved the quality of products such as meat buns and red bean buns for mass retailers and revised their prices, strengthening product appeal and seeking to expand sales through promotional measures. For convenience stores, it improved the quality of meat buns, red bean buns, pizza buns and large pork buns, and revised the prices of some products to strengthen product appeal.」

「To address cost increases exceeding expectations, including raw material and energy prices, the company sought greater efficiency by narrowing its product range and reviewing product specifications, while revising prices as necessary.」

「The company also revised prices for key products as a measure to address soaring raw material and energy prices.」

「The company implemented price increases of approximately 5% to 9% for key products in response to soaring prices for raw materials such as meat and energy.」

「Meanwhile, in response to soaring raw material and other costs, the company revised prices for its key products from August onward.」

「The company also revised the price of its Pure Indian Curry for the first time in 4.5 years, and these initiatives increased average customer spending.」

「At the company-operated Olive House restaurants, the company revised the core menu and held fair menus, strengthening its pasta and dessert offerings. Price increases for some products raised average spend per customer and contributed to higher sales.」

「At Restaurant & Café Manna Shinjuku Nakamuraya, located on the second basement floor of the Shinjuku Nakamuraya Building, the company revised the price of its Pure Indian Curry and launched Beef Curry. Business remained strong, partly due to the impact of a television drama.」

「At the directly operated Olive House restaurants, prices were revised to alleviate margin pressure from soaring raw material and labor costs, while efforts were made to develop menus focused on product quality.」

「Against this backdrop, net sales for the fiscal year decreased by ¥1,584.463 million, or 3.9%, to ¥38,743.775 million from the same period of the previous year, due to the impact of adverse weather, the consolidation of unprofitable stores, delays in developing new sales channels, and a decline in sales volume following price revisions for core products.」

「In addition, as it became difficult to absorb the recent increases in raw material and logistics costs, prices for some products were revised from September.」