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Morinaga Milk Industry (2264) · RiskRestated

Raw Material Purchase Price Risk from Changes to the Raw Milk Producer Subsidy Scheme

First written in FY2016. 15 of 17 entries say "Restated". Latest entry: FY2022.

17entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3RestatedFY2019-Q1 – FY20222016: 320162017: 420172018: 420182019: 220192020: 220202021: 120212022: 12022
Same theme, other companies

2 other companies' latest entry also says "Restated".

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Full recordFilings, disclosures and news, newest first
  1. FY2022RestatedAnnual report

    「If the relevant law is significantly amended or abolished in the future and the level of the subsidy changes, the Group’s operating results and financial position could be affected.」

    Continues to report the potential impact on raw-material prices of changes to or the abolition of the raw milk producer subsidy program.
  2. FY2021-Q3RestatedAnnual report

    「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that management recognizes could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  3. FY2020RestatedAnnual report

    「If the relevant law is significantly amended or abolished in the future and the level of the subsidy changes, the Group’s operating results and financial position could be affected.」

    Continues to report the potential impact of regulatory changes or abolition on raw milk raw-material prices.
  4. FY2020-Q3RestatedAnnual report

    「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  5. FY2020-Q2RestatedAnnual report

    「During the second quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  6. FY2019-Q3RestatedAnnual report

    「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  7. FY2019-Q2RestatedAnnual report

    「During the second quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  8. FY2019-Q1RestatedAnnual report

    「During the first quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  9. FY2018MitigatedAnnual report

    「Since 2018, a new production subsidy program for producers of milk for processing has been in place under the revised Act on Stabilization of Livestock Management. The latest changes to the program have had no particular impact, but if the relevant law is significantly amended or abolished in the future and the level of the subsidy changes, the Group’s raw-material purchase prices could be affected.」

    States that although regulatory changes were implemented, the latest changes had no particular impact. At the same time, the risk to raw-material purchase prices from future regulatory changes or abolition remains.
  10. FY2018-Q3RestatedAnnual report

    「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  11. FY2018-Q2RestatedAnnual report

    「During the second quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  12. FY2018-Q1RestatedAnnual report

    「During the first quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  13. FY2017RestatedAnnual report

    「If the relevant law is significantly amended or abolished in the future and the level of the subsidy changes, the Group’s raw-material purchase prices could be affected.」

    Continues to report the potential impact on raw-material purchase prices of changes to or the abolition of the raw milk producer subsidy program.
  14. FY2017-Q3RestatedAnnual report

    「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    States that there have been no material changes or newly arising risks relating to the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program.
  15. FY2017-Q2RestatedAnnual report

    「During the second quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    Treats the risk of higher raw-material purchase prices resulting from changes to the raw milk producer subsidy program as having undergone no material changes.
  16. FY2017-Q1RestatedAnnual report

    「During the first quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that could affect the group’s operating performance, financial position or other matters.」

    Treats the risk of changes to the raw milk producer subsidy program as having undergone no material changes.
  17. FY2016First statedAnnual report

    「If the relevant law is significantly amended or abolished in the future and the level of the subsidy changes, the Group’s raw-material purchase prices could be affected.」

    Reports the risk of regulatory changes affecting raw milk raw-material prices.
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Raw Material Purchase Price Risk from Changes to the Raw Milk Producer Subsidy Scheme | MORINAGA MILK INDUSTRY CO.,LTD. (2264) | Komori