Risk of Tariff Reductions on Dairy Products under the WTO, TPP, FTAs and EPAs
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If tariff levels on dairy products are reduced, this could affect our Group’s sales of dairy products. On the other hand, benefits such as lower raw material procurement costs could also arise.」
It continues to cite both the impact on sales and the possibility of lower raw material procurement costs in connection with tariff reductions under FTAs, EPAs and other agreements. - FY2023RestatedAnnual report
「If tariff levels on dairy products are reduced, this could affect our Group’s sales of dairy products. On the other hand, benefits such as lower raw material procurement costs would also arise.」
It cites both the impact of lower dairy tariffs on sales and the possibility of lower raw material procurement costs. - FY2021RestatedAnnual report
「If tariff levels on dairy products are reduced through WTO agricultural negotiations, FTAs, EPAs or other negotiations, or through the conclusion and entry into force of such agreements, this could affect the sales and raw material procurement of our Group.」
It continues to recognize the impact of lower dairy tariffs on sales and raw material procurement and is also considering ways to capitalize on the benefits of imported dairy products. - FY2019RestatedAnnual report
「If tariff levels on dairy products are reduced through WTO agricultural negotiations, FTAs, EPAs or other negotiations, or through the conclusion and entry into force of such agreements, this could affect the sales and raw material procurement of our Group.」
It continues to state that lower dairy tariffs resulting from trade negotiations and the entry into force of agreements could affect sales and raw material procurement. - FY2017RestatedAnnual report
「If tariff levels on dairy products are reduced through WTO agricultural negotiations, TPP, FTAs, EPAs or other negotiations, or through the conclusion and entry into force of such agreements, this could affect the sales and raw material procurement of our Group.」
It continues to state that lower dairy tariffs resulting from trade negotiations and the entry into force of agreements could affect sales and raw material procurement. - FY2016First statedAnnual report
「If tariff levels on dairy products are reduced through WTO agricultural negotiations, TPP, FTAs or EPAs, or through the conclusion and entry into force of such agreements, this could affect the sales and raw material procurement of our Group.」
It identifies changes in tariff levels resulting from international trade negotiations and the entry into force of agreements as risks to sales and raw material procurement.