Profit pressured by the restructuring of the Seishin Plant and rising logistics costs
First written in FY2019-Q2. 16 of 29 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-09-11.
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- FY2026WorsenedAnnual report
「Although the company worked to optimize staffing levels at its factories and pursued design changes and price revisions for some products, the cost of sales, affected by surging raw material prices, particularly cocoa, amounted to 51.7% of revenue, up 2.5 percentage points from the previous consolidated fiscal year.」
In addition to costs associated with plant restructuring, higher prices for raw materials such as cocoa and continued increases in personnel and logistics costs caused operating income to decline 38.6% year on year. - 2026-03-13WorsenedRevision of earnings forecasts
「In terms of earnings, raw material prices, including cocoa, have surged, and the cost-of-sales ratio has continued to rise. Warehouse and logistics costs have also increased.」
In addition to raw material prices, higher warehouse and logistics costs continue to be cited as factors putting pressure on future profit. - FY2025WorsenedAnnual report
「Due to the rise in the cost of sales ratio resulting from higher raw material prices, higher personnel expenses from wage increases, and higher warehouse and logistics costs, operating income was ¥727 million, down 12.8% year on year, ordinary income was ¥748 million, down 12.6%, and interim net income attributable to owners of the parent was ¥486 million, down 9.8%. In addition, the company cited a sharp increase in raw material prices, particularly cocoa, higher personnel expenses due to wage increases, higher transportation costs, and expenses associated with the relocation of the Funabashi Logistics Center.」
As in the interim period, higher raw material prices, wages, and warehouse and logistics costs pressured profits. For the full year, operating income declined 16.8% year on year, with the impact of higher costs continuing. - FY2025-H1WorsenedAnnual report
「Due to the impact of higher raw material prices, higher personnel expenses resulting from wage increases, and higher warehouse, logistics and other costs, operating income was ¥727 million, down 12.8% year on year, ordinary income was ¥748 million, down 12.6%, and interim net income attributable to owners of the parent was ¥486 million, down 9.8%.」
Higher raw material prices, wages, and warehouse and logistics costs pressured profits, causing operating income and other profit measures to decline year on year. - FY2025-Q1RestatedAnnual report
「Although the company was affected by higher raw material prices, it sought to generate profits through higher revenue, the effect of price revisions for some products, and optimized staffing at stores and plants.」
While higher raw material prices pressured profits, the company continued to report that it secured profits through higher revenue, price revisions and optimized staffing. - FY2024RestatedAnnual report
「Although higher raw material prices caused the cost of sales ratio to rise, the effect of higher revenue and optimized staffing at stores and plants enabled the company to generate profits, resulting in operating income of ¥2,474 million, up 2.1% year on year.」
The company stated that, although the cost ratio continued to rise due to higher raw material prices, it secured operating income through higher revenue and optimized staffing at stores and plants. - FY2024-Q3RestatedAnnual report
「In terms of earnings, although the cost-of-sales ratio increased due to the impact of soaring raw material prices, the company pursued earnings growth through the effect of higher revenue and optimization of staffing structures at stores and factories. Operating profit was ¥480 million, up 11.8% year on year.」
Although the cost of sales ratio continued to rise due to higher raw material prices, the company sought to generate profits through higher revenue and optimized staffing at stores and plants. - FY2024-Q2WorsenedAnnual report
「Regarding profit and loss, although higher raw material and energy prices caused the cost of sales ratio to rise, the company worked to generate profits through the effect of higher revenue and optimized store staffing, resulting in operating income of ¥834 million, up 4.7% year on year.」
The cost of sales ratio rose due to higher raw material and energy prices, and the pressure on profits continued. Operating income increased 4.7% year on year due to higher revenue and optimized staffing. - FY2024-Q1WorsenedAnnual report
「The cost of sales ratio rose due to higher raw material and energy prices, resulting in operating income of ¥660 million, up 3.2% year on year.」
The company sought to generate profits by optimizing productivity and staffing, while higher raw material and energy prices raised the cost of sales ratio and pressured profits. - FY2023MitigatedAnnual report
「Regarding profit and loss, in addition to the effect of higher revenue, higher productivity through an efficient production structure and optimization of store staffing contributed to results. Although the cost of sales has been gradually rising due to a sharp increase in raw material prices, the impact remains limited, resulting in operating income of ¥2,423 million, ordinary income of ¥2,615 million and net income attributable to owners of the parent of ¥1,703 million.」
Although the increase in costs due to higher raw material prices continued, the company said the impact remained limited through an efficient production structure and optimized store staffing, securing operating income of ¥2,423 million and other profits. - FY2023-Q3MitigatedAnnual report
「Regarding profit and loss, in addition to the effect of higher revenue, higher productivity through an efficient production structure and optimization of store staffing contributed to results. Although the cost of sales has been gradually rising due to a sharp increase in raw material prices, the impact remains limited, resulting in operating income of ¥430 million, ordinary income of ¥624 million and quarterly net income attributable to owners of the parent of ¥337 million.」
The company stated that, although rising raw material prices have increased costs, the impact remains limited due to an efficient production structure and optimized staffing. - FY2023-Q1MitigatedAnnual report
「Regarding profit and loss, although raw material costs increased, improvements in the cost of sales ratio through higher productivity and reductions in store personnel expenses following a review of staffing levels resulted in operating income of ¥640 million, ordinary income of ¥765 million and quarterly net income attributable to owners of the parent of ¥487 million.」
The company stated that, despite the impact of higher raw material costs, it secured profits by improving the cost ratio and store personnel expenses through higher productivity and a review of staffing levels. - FY2022MitigatedAnnual report
「Regarding profit and loss, in addition to the effect of higher revenue, the establishment of a planned and efficient production structure, optimization of store staffing, cost reductions and the maintenance of appropriate inventories in line with sales conditions resulted in operating income of ¥2,012 million, up 167.9% year on year, and ordinary income of ¥2,126 million, up 146.7%.」
The company stated that management of production, staffing, expenses and inventories substantially improved operating and ordinary income from the previous period's levels, easing the pressure on profits from costs and fixed expenses. - FY2022-Q3MitigatedAnnual report
「In addition to the benefit of higher revenue, the establishment of a planned and efficient production system, optimization of store staffing, cost reductions and the maintenance of appropriate inventory levels in line with sales resulted in an operating loss of ¥38 million, compared with an operating loss of ¥777 million in the same period of the previous year, and ordinary income of ¥61 million, compared with an ordinary loss of ¥661 million.」
The company stated that management of production, staffing, expenses and inventories reduced the operating loss and turned the ordinary loss in the same period of the previous year into ordinary income, easing the pressure on profits from costs and fixed expenses. - FY2022-Q2MitigatedAnnual report
「Regarding profit and loss, in addition to the effect of higher revenue, the establishment of a planned and efficient production structure, optimization of store staffing, cost reductions and the maintenance of appropriate inventories in line with sales conditions resulted in operating income of ¥548 million, compared with a loss of ¥134 million in the same period of the previous year, and ordinary income of ¥605 million, compared with a loss of ¥25 million.」
The company stated that management of production, staffing, expenses and inventories turned operating and ordinary losses in the same period of the previous year into profits. - FY2022-Q1MitigatedAnnual report
「Regarding profit and loss, in addition to the effect of higher revenue, improvements in the cost of sales ratio through production controls aligned with sales conditions and reductions in store personnel expenses following a review of staffing levels resulted in operating income of ¥611 million, up 186.5% year on year, and ordinary income of ¥630 million, up 171.8%.」
The company stated that production controls and a review of staffing levels improved the cost of sales ratio and reduced store personnel expenses, resulting in higher operating and ordinary income year on year. - FY2021RestatedAnnual report
「The company also expects an increase in the cost of sales ratio accompanying the decline in sales, higher personnel and logistics costs due to labor shortages, and higher depreciation expenses associated with the restructuring and enhancement of facilities at plants and elsewhere.」
The company continues to expect higher cost ratios accompanying lower sales, personnel and logistics costs, and depreciation expenses associated with facility restructuring and enhancement investments to pressure profits. - FY2021-Q3WorsenedAnnual report
「Regarding profit and loss, although the company worked to restrain personnel expenses and reduce costs, the decline in sales exceeded those efforts, and the deterioration in the cost of sales ratio resulting from lower production led to an operating loss of ¥777 million, compared with income of ¥40 million in the same period of the previous year, and an ordinary loss of ¥661 million, compared with income of ¥75 million.」
In addition to the previous increases in plant restructuring and logistics costs, deterioration in the cost of sales ratio resulting from lower production and the burden of fixed expenses pressured profits, causing the company to post an operating loss and an ordinary loss. - FY2021-Q2WorsenedAnnual report
「In terms of earnings, operating loss was ¥134 million, compared with operating income of ¥744 million in the year-earlier period, ordinary loss was ¥25 million, compared with ordinary income of ¥776 million, and net loss for the quarter was ¥195 million, compared with net income of ¥488 million, due to a sharp decline in sales, a higher cost-of-sales ratio resulting from lower production volume, and the relatively heavier burden of fixed costs as sales declined.」
Higher cost ratios resulting from declines in sales and production, together with the burden of fixed expenses, pressured profits, causing operating income and other profit measures to turn into losses from the levels recorded in the same period of the previous year. - FY2020WorsenedAnnual report
「Regarding profit and loss, increases in depreciation expenses associated with the restructuring of the baked-goods line at the Seishin Plant, logistics-related expenses such as transportation and logistics processing costs amid labor shortages, and personnel expenses to secure employees and improve employee compensation contributed to operating income of ¥1,674 million, down 23.5% year on year, ordinary income of ¥1,708 million, down 23.1%, and net income of ¥1,095 million, down 21.7%.」
The company stated that plant restructuring and increases in logistics and personnel costs continued to pressure profits for the full year, with each profit measure declining by more than 20% year on year. - FY2020-Q3WorsenedAnnual report
「In terms of earnings, operating income was ¥40 million, down 92.3% year on year, ordinary income was ¥75 million, down 86.6%, and the company recorded a net loss of ¥26 million for the quarter, compared with net income of ¥317 million in the year-earlier period, due to lower sales and higher expenses, including increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory and store openings and renovations, higher labour costs amid labour shortages, and higher freight costs following increases in transport charges.」
In addition to depreciation expenses associated with the plant restructuring, increases in store investment, personnel expenses and transportation costs pressured profits, causing operating income and ordinary income to decline sharply and resulting in a quarterly net loss. - FY2020-Q2WorsenedAnnual report
「In terms of earnings, operating income was ¥744 million, down 30.6% year on year, ordinary income was ¥776 million, down 29.9%, and net income for the quarter was ¥488 million, down 32.5%, due to higher expenses, including increased depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory and store openings and renovations, higher labour costs due to labour shortages, and higher freight costs following increases in transport charges.」
In addition to depreciation expense associated with the plant reconstruction, increases in store openings and renovations, personnel expenses and freight costs pressured profit, and the year-on-year declines in each profit measure widened from the second quarter of the previous fiscal year. - FY2020-Q1RestatedAnnual report
「Due to increased depreciation expense associated with the reconstruction of the baked-confectionery line at the Seishin Plant and continued increases in logistics-related expenses such as freight and packing costs, operating profit was ¥853 million, down 15.8% year on year; ordinary profit was ¥868 million, down 15.6%; and net profit for the quarter was ¥580 million, down 15.8%.」
The increase in depreciation expense associated with the plant reconstruction and the rise in logistics-related expenses have continued to contribute to year-on-year declines in each profit measure. - FY2019WorsenedAnnual report
「In terms of profit and loss, depreciation expense increased in connection with the reconstruction of the baked-confectionery line at the Seishin Plant, logistics-related expenses such as freight and logistics processing costs increased against a backdrop of labor shortages, and personnel expenses increased to secure personnel and improve employee compensation. As a result, operating profit was ¥2,189 million, down 9.0% year on year; ordinary profit was ¥2,220 million, down 10.2%; and net profit was ¥1,399 million, down 15.5%.」
In addition to depreciation expense associated with the plant reconstruction, higher logistics and personnel costs against a backdrop of labor shortages continued to pressure profit, and year-on-year declines in each profit measure were reported for the full fiscal year. - FY2019-Q3WorsenedAnnual report
「In terms of earnings, operating income was ¥525 million, down 28.7% year on year, ordinary income was ¥565 million, down 29.9%, and net income for the quarter was ¥317 million, down 38.0%, due to lower sales, higher depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory, and higher expenses, including logistics-related costs.」
Depreciation expense associated with the plant reconstruction and logistics-related expenses and other costs continued to rise, and the year-on-year declines in operating profit and other measures widened from the previous quarter. - FY2019-Q2First statedAnnual report
「In terms of earnings, operating income was ¥1,073 million, down 14.1% year on year, ordinary income was ¥1,107 million, down 15.7%, and net income for the quarter was ¥723 million, down 18.9%, due to lower sales, higher depreciation associated with the reconstruction of the baked-goods line at the Seishin Factory, and higher expenses, including logistics costs.」
The increase in depreciation expense associated with the plant reconstruction and the rise in logistics and other expenses have been identified as actual factors behind the decline in profit for the first time as risk factors. The rates of decline in operating profit, ordinary profit and net profit for the quarter are also shown.