Pressure on Vendor Business Profit from the Depreciation Burden of the Sagamihara No. 2 Plant
First written in FY2018-Q1. 9 of 25 entries say "Restated". Latest entry: 2026-04-17.
Prima Meat Packers moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- 2026-04-17WorsenedRevision of earnings forecasts
「At the vendor subsidiary, operating income deteriorated as a result of lower net sales.」
The company has newly disclosed deterioration in operating income at the vendor subsidiary due to lower net sales, indicating mounting pressure on earnings. - FY2026-H1Lower profit due to declining sales volume and higher manufacturing costsAnnual report
「In the vendor business for convenience stores, profit fell below the previous year-on-year period due to declining sales volume and higher manufacturing costs, including raw-material and labor costs.」
In the vendor business, lower profits resulted from declining sales volumes and higher manufacturing costs, including raw-material and labor costs, rather than from the previous depreciation burden. - FY2025Vendor business posts lower revenue and profits amid rising costsAnnual report
「In the vendor business for convenience stores, both sales and profit fell below the previous fiscal year due to sluggish sales and higher manufacturing costs, including higher raw-material and labor costs.」
Rather than the depreciation burden at the Sagamihara No. 2 Plant, weak sales and higher raw-material and labor costs weighed on profits in the current fiscal year. - FY2025-H1Slightly higher sales but lower profit due to rising costsAnnual report
「In the vendor business for convenience stores, sales slightly exceeded the previous year-on-year period due to expanded sales of products for the summer season. However, profit fell below the previous year-on-year period due to lower sales volumes for existing product categories and higher manufacturing costs, including fuel and labor.」
Rather than the previous burden from depreciation expenses, declining sales volumes in existing categories and higher manufacturing costs, including fuel and labor, weighed on profits, resulting in a slight increase in sales and lower profits. - FY2024-Q3Higher revenue and profits despite rising costsAnnual report
「Although manufacturing costs rose due to higher raw-material, fuel and labor costs in the vendor business for convenience stores, continued new product development and product launches addressing customer needs enabled both sales and profit to exceed the previous year-on-year period.」
Rather than the previous burden from depreciation expenses, new product development and launches lifted net sales and profits above the same period of the previous year despite continued increases in raw-material, fuel and labor costs. - FY2024-Q2RestatedAnnual report
「Although manufacturing costs rose due to higher raw-material, fuel and labor costs in the vendor business for convenience stores, continued development and launch of new products addressing customer needs enabled both sales and profit to exceed the previous fiscal year.」
The Company continues to achieve higher sales and profits through new product development and launches in response to customer needs and productivity initiatives, replacing the previous burden from depreciation expenses. - FY2024-Q1Return to Revenue and Profit GrowthAnnual report
「Manufacturing costs rose due to higher raw-material, fuel and labor costs in the vendor business for convenience stores. However, continued new product development addressing customer needs enabled both sales and profit to exceed the previous fiscal year.」
Despite continued increases in raw-material, fuel and labor costs, the vendor business achieved net sales and profits above the previous year through new product development. - FY2023-Q3Shift from higher revenue to lower revenue and profitsAnnual report
「Manufacturing costs rose in the vendor business for convenience stores due to sharp increases in electricity and fuel costs and higher labor costs. Although the company continued new product development addressing customer needs, both sales and profit fell below the previous year-on-year period.」
Although the Company continued developing new products, both net sales and profits fell below the same period of the previous year due to higher electricity, fuel and labor costs. - FY2023-Q1Revenue-growth drivers continue, but higher costs reduce profitsAnnual report
「Manufacturing costs rose due to higher raw-material, fuel and labor costs in the vendor business for convenience stores. Although the company developed new products addressing customer needs, profit fell below the previous year-on-year period.」
The factors changed from the depreciation burden in the past, and higher raw-material, fuel and labor costs weighed on vendor-business profits. - FY2022Higher sales but lower profit due to rising costsAnnual report
「Manufacturing costs rose due to higher raw-material, fuel and labor costs in the vendor business for convenience stores. As sales growth in the convenience-store market slowed amid declining customer traffic, the company developed new products addressing customer needs, and sales exceeded the previous fiscal year, but profit fell below it.」
The factors changed from the depreciation burden in the past, and in the fiscal year ended March 2022, higher raw-material, fuel and labor costs and fewer visitors weighed on profits. - FY2022-Q3Higher sales but lower profit due to rising costsAnnual report
「The vendor business for convenience stores faced a challenging operating environment, with customer traffic in the convenience-store market declining and some months falling below the previous year from summer onward. However, the company advanced new product development addressing customer needs, and sales exceeded the previous fiscal year. Profit nevertheless fell below the previous fiscal year due to higher raw-material and fuel costs and rising labor costs.」
Instead of the prolonged rain and other factors cited previously, surging raw-material and fuel costs and higher labor costs are cited as new factors weighing on vendor-business profits. - FY2022-Q2New factors weighing on profits emergeAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to the recovery of the convenience-store market and new product development addressing changing customer needs. However, profit fell below the previous fiscal year due to prolonged summer rainfall and higher labor costs.」
Instead of the depreciation and other expenses that previously weighed on profits, the Company cites prolonged rain and higher labor costs as factors weighing on vendor-business profits in the current fiscal year. - FY2021-Q3RestatedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous year-on-year period due to expanded sales of new products and expansion into additional areas. Profit also exceeded the previous year-on-year period, helped by improved productivity and stable raw-material prices.」
The Company continues to achieve higher sales and profits through new products, expanded geographic coverage, productivity improvements and stable raw-material prices, rather than through the depreciation and other expenses that previously weighed on profits. - FY2021-Q2RestatedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to the expansion of new products and operating areas. Profit also exceeded the previous fiscal year, helped by improved productivity and stable raw-material prices.」
The Company continues to report higher sales and profits driven by new products, expanded geographic coverage, productivity improvements and stable raw-material prices, rather than by the depreciation and other expenses that previously weighed on profits. - FY2021-Q1RestatedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to the expansion of new products and operating areas. Profit also exceeded the previous fiscal year, helped by improved productivity and stable raw-material prices.」
The Company continues to report higher sales and profits driven by new products, expanded geographic coverage, productivity improvements and stable raw-material prices, rather than by the depreciation and other expenses that previously weighed on profits. - FY2020-Q3RestatedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to new product development and expansion into additional areas through extended-shelf-life products. Profit also exceeded the previous fiscal year, helped by improved productivity and stable access to raw materials.」
In the vendor business, sales and profits continued to exceed the previous fiscal year through new products, extended-shelf-life products, expanded geographic coverage and productivity improvements. - FY2020-Q2AdvancedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to new product development and expansion into additional areas. Profit also exceeded the previous fiscal year, helped by higher productivity and stable access to raw materials.」
In the vendor business, new products and expanded geographic coverage, together with improved productivity and stable raw-material supplies, contributed to improved profits, which exceeded the previous fiscal year. - FY2020-Q1AdvancedAnnual report
「In the vendor business for convenience stores, sales exceeded the previous fiscal year due to the expansion of new products and operating areas. Profit also exceeded the previous fiscal year, helped by improved productivity and stable raw-material prices.」
In the vendor business, new products and expanded geographic coverage, together with productivity improvements and stable raw-material supplies, contributed to improved profits, which exceeded the previous fiscal year. - FY2019-Q3RestatedAnnual report
「In the vendor business for convenience stores, sales expanded significantly against a backdrop of increased customer sales and an expanded number of stores supplied, while profits likewise exceeded the previous fiscal year.」
In the vendor business for convenience stores, sales and profits continued to exceed the previous fiscal year against a backdrop of increased customer sales and an expanded number of stores supplied. - FY2019-Q2RestatedAnnual report
「In the vendor business for convenience stores, sales expanded significantly against a backdrop of increased customer sales and an expanded number of stores supplied, while profits likewise exceeded the previous fiscal year.」
Unlike previous filings, there is no mention of depreciation and other expenses weighing on profits; sales and profits continued to exceed the previous fiscal year against a backdrop of increased customer sales and an expanded number of stores supplied. - FY2019-Q1Vendor-business profits recoverAnnual report
「In the vendor business for convenience stores, sales expanded significantly against a backdrop of increased sales by customers, while stable raw-material prices resulted in profits exceeding the previous fiscal year.」
Unlike previous filings, there is no mention of profit pressure from depreciation and other expenses at the Sagamihara No. 2 Plant; instead, the Company explains that profits exceeded the previous fiscal year against a backdrop of stable raw-material prices. - FY2018RestatedAnnual report
「In the vendor business for convenience stores, results fell significantly below the previous fiscal year due to higher depreciation and other expenses, soaring vegetable prices and increased manufacturing labor costs caused by labor shortages.」
The Company confirmed for the full fiscal year that depreciation and other expenses at the Sagamihara No. 2 Plant and elsewhere, soaring vegetable prices and higher manufacturing labor costs due to labor shortages weighed on vendor-business profits. - FY2018-Q3Expansion of factors pressuring profitAnnual report
「In the vendor business for convenience stores, sales expanded on the back of increased store openings by customers. However, profit fell well below the previous fiscal year due to the heavy burden of depreciation and other expenses at the Sagamihara No. 2 Plant, as well as higher vegetable prices and manufacturing labor costs resulting from labor shortages.」
In addition to the profit burden from depreciation and other expenses at the Sagamihara No. 2 Plant, higher manufacturing labor costs due to soaring vegetable prices and labor shortages have expanded the factors weighing on vendor-business profits. - FY2018-Q2RestatedAnnual report
「In the vendor business serving convenience stores, sales expanded against a backdrop of increased store openings by customers. However, profit fell below the previous fiscal year because of the substantial burden of depreciation and other expenses related to the Sagamihara No. 2 Plant.」
Although sales in the vendor business for convenience stores continued to expand, depreciation and other expenses at the Sagamihara No. 2 Plant continued to weigh on profits. - FY2018-Q1First statedAnnual report
「In the vendor business serving convenience stores, sales expanded against a backdrop of increased store openings by customers. However, profit fell below the previous fiscal year because of the substantial burden of depreciation and other expenses related to the Sagamihara No. 2 Plant.」
This records for the first time as a standalone theme the fact that, after the Sagamihara No. 2 Plant began operations, depreciation and other expenses weighed on profits in the vendor business.