Failure to Meet Plans and Profit Pressure in the Vietnam Business Due to Material Shortages and Potato Quality Issues
First written in FY2019-Q2. 3 of 6 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2023.
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- FY2023MaterialisedAnnual report
「“Damages and compensation” refers to penalty expenses arising from insufficient product supply by an overseas subsidiary.」
A penalty expense of ¥59 million arising from insufficient product supply by an overseas subsidiary was recorded as an extraordinary loss. - FY2022-Q4MitigatedAnnual report
「As a result, product shortages caused by factors including labour shortages are also being resolved, and domestic sales in Vietnam are steadily expanding.」
It explains that product shortages caused by labour shortages and other factors in Vietnam during the previous fiscal year are being resolved and that domestic sales have expanded. - FY2022-Q2MaterialisedAnnual report
「On the manufacturing side, major product shortages arose from early autumn, owing to significant delays in installing equipment to increase production, material shortages caused by suppliers suspending production, and a substantial decline in the number of employees able to report to work due to various regulations, making it difficult to build sales.」
In Vietnam, material shortages caused by suppliers suspending production, delays in equipment installation and labour shortages arose, resulting in major product shortages and difficulties in building sales. - FY2019MitigatedAnnual report
「In Vietnam, we launched 2 additional products under “KARAMUCHO,” our core brand, and launched “KoiMUCHO,” targeting younger consumers. In addition to launching new products, sales increased as we expanded our sales area, and we invested in equipment to increase production and obtained ISO22000 certification with a view to future exports.」
In Vietnam, after issues related to raw materials and materials had eased by the previous quarter, the company proceeded with sales expansion, new products, capital investment and ISO22000 certification. Meanwhile, challenges related to operating efficiency and cost reductions remain. - FY2019-Q3MitigatedAnnual report
「In the Vietnam business, issues with raw materials through the second quarter were progressively resolved, and capital investment was made to accommodate higher sales. On the product side, 2 products were added to the core “KARAMUCHO” brand, and “KoiMUCHO,” targeting younger customers, was launched and well received. However, operating efficiency and costs remain challenging and are putting pressure on profit.」
In the Vietnam business, issues related to raw materials through the second quarter were progressively resolved, and product additions and capital investment progressed, mitigating the issues arising from material shortages and potato quality. Meanwhile, challenges related to operating efficiency and costs remain. - FY2019-Q2MaterialisedAnnual report
「Meanwhile, in the Vietnam business, although the sales area was expanded as planned, sales fell short of plan due in part to material shortages caused by suppliers, while issues with the quality of some potatoes resulted in costs exceeding expectations and put pressure on profit.」
In the Vietnam business, material shortages caused by suppliers and quality issues with some potatoes arose, resulting in a sales shortfall and pressure on profit from higher costs.