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Morinaga Milk Industry (2264) · RiskMaterialised

Impact of Changes to Ice Cream Trading Arrangements on Sales

First written in FY2019-Q1. 4 of 4 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019.

4entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2019-Q1 – FY20192018: 220182019: 22019
Same theme, other companies
Decline in ice cream sales due to changes in transaction arrangementsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Morinaga Milk Industry moved to the "Worse" side of this theme in 2018.

1 other company's latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2019MaterialisedAnnual report

    「Sales of the main ice cream brands, including PARM, Pino and MOW, fell below the previous year's level, partly due to the impact of changes to trading arrangements.」

    The impact of changes to ice cream trading arrangements emerged as a factor behind the full-year decline in sales of the main brands.
  2. FY2019-Q3MaterialisedAnnual report

    「As a result, although consolidated revenue for the Group increased for yoghurt, cheese and other products, revenue from milk, milk-based beverages and other products fell below the previous year's level, in addition to the impact of changes to ice cream trading arrangements. Consolidated revenue was therefore ¥456,571 million, down 1.2% year on year.」

    The impact of changes to ice cream trading arrangements continued to emerge as a factor behind the decline in consolidated revenue for the nine months ended the third quarter.
  3. FY2019-Q2MaterialisedAnnual report

    「While revenue from yoghurt and other products increased, revenue from milk, milk-based beverages and other products fell below the previous year's level, in addition to the impact of changes to ice cream trading arrangements. As a result, consolidated revenue was ¥311,411 million, down 1.7% year on year.」

    The impact of changes to ice cream trading arrangements continued to emerge as a factor behind the decline in consolidated revenue for the six months ended the second quarter.
  4. FY2019-Q1MaterialisedAnnual report

    「While revenue from yoghurt and other products increased, revenue from milk, milk-based beverages and other products fell below the previous year's level, in addition to the impact of changes to ice cream trading arrangements. As a result, revenue was ¥150,479 million, down 2.2% year on year.」

    The disclosure states that the impact of changes to ice cream trading arrangements actually emerged as a factor behind the decline in consolidated revenue in the first quarter.
Moved together

"Risk of higher costs due to soaring raw material prices and yen depreciation" moved the same way as this thread, in the same document, in 3 of its 4 moves.

332★123
  1. ★This thread
  2. 1Risk of higher costs due to soaring raw material prices and yen depreciation3×
  3. 2Risk of Damage to Production and Logistics Facilities from Earthquakes and Other Natural Disasters3×
  4. 3Stagnant personal consumption and a challenging competitive environment in the food industry2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Morinaga Milk Industry yet.
News
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Impact of Changes to Ice Cream Trading Arrangements on Sales | MORINAGA MILK INDUSTRY CO.,LTD. (2264) | Komori