Higher manufacturing costs due to labor shortages, rising labor costs and higher crude oil prices

「In addition, the difficult environment continues, including wage increases accompanying inflation and logistics cost issues.」

「The environment surrounding the food industry is expected to remain one in which the number of food items subject to price increases stays high, due not only to soaring raw material costs but also to higher labor and logistics costs.」

「Due to the effects of inflation, including higher food prices resulting from soaring raw material prices, higher labor costs and increased logistics costs caused by the 2024 logistics problem,」

「The environment surrounding the food industry remains one of continued price increases due to soaring raw material costs and higher labor costs.」

「Meanwhile, raw material prices and energy costs remain high, while the yen has depreciated further and labor costs have also increased, resulting in continued increases in manufacturing costs.」

「Meanwhile, raw material prices and energy costs remain high, while the yen has depreciated further and labor costs have also increased, resulting in continued increases in manufacturing costs.」

「Manufacturing costs continue to rise as raw-material prices and energy costs remain elevated, the yen resumes its depreciation and labor costs increase.」

「The company’s vendor business for convenience stores also saw manufacturing costs rise due to sharp increases in electricity and fuel costs, as well as higher labor costs.」

「Meanwhile, yen depreciation and higher crude oil prices have caused raw-material and energy costs to surge, substantially increasing companies’ manufacturing costs,」

「Prices of major raw materials and auxiliary materials such as flour, cooking oil and packaging materials have also surged in this industry. In addition to higher crude oil prices and yen depreciation, logistics and labor costs have risen, significantly affecting manufacturing costs.」

「In this industry, crude oil price increases, yen depreciation and higher demand in countries that moved quickly toward living with COVID-19 have driven up the prices of major raw materials for ham, sausages and processed foods, as well as auxiliary materials such as flour and packaging materials. Fuel, transportation and labor costs have also risen, significantly affecting manufacturing costs.」

「The market environment faces uncertainty on both the price and supply sides, including higher manufacturing costs due to surging crude oil prices.」

「The market environment in this industry faces uncertainty on both the price and supply sides, due to surging overseas meat prices, unresolved disease problems and supply concerns caused by logistics delays in countries importing processed-food materials, as well as surging grain prices affecting feed costs.」

「Looking at companies, higher labor and logistics costs resulting from labor shortages continue to weigh on corporate performance,」

「However, higher labor and logistics costs resulting from labor shortages are weighing on corporate performance,」

「However, higher raw-material and labor costs resulting from labor shortages, as well as higher logistics costs, are weighing on corporate performance, and despite a recovery in personal consumption, the situation of an economic recovery that consumers do not feel continues.」

「The company expects the challenging situation to continue, including higher manufacturing costs resulting from surging raw-material and energy prices and labor costs due to labor shortages, as well as intensifying price competition.」

「Although some products have been repriced due to raw-material shortages and higher labor and logistics costs, the difficulty of passing costs on to prices without adding value continues.」

「Although Japan’s economy during the second quarter of the current fiscal year continued to recover moderately, business sentiment has recently deteriorated due to the inability to pass higher raw-material and labor costs resulting from labor shortages on to selling prices, as well as the impact of weaker consumption caused by natural disasters across the country.」

「Although Japan’s economy during the first quarter of the current fiscal year continued to recover moderately, business sentiment has recently deteriorated, particularly in manufacturing, because companies cannot pass higher raw-material and labor costs resulting from labor shortages on to selling prices.」

「With uncertainty remaining over consumer trends, the company expects the challenging business environment to continue, including higher manufacturing costs, such as labor costs resulting from labor shortages and surging raw-material and energy prices, as well as intensifying price competition.」

「However, consumers have little sense that the economy is recovering, and as sluggish personal consumption continues, the challenging situation persists because companies cannot pass higher labor, materials and other costs resulting from labor shortages on to selling prices.」

「However, consumers have little sense that the economy is recovering, and as sluggish personal consumption continues, the challenging situation persists because companies cannot pass higher labor and other costs resulting from labor shortages on to selling prices.」

「Although business sentiment has improved, consumers remain firmly inclined to economize, and the challenging situation continues, as higher labor and other costs resulting from labor shortages cannot be passed on to selling prices.」

「With uncertainty remaining over consumer trends, the company expects the challenging business environment to continue, including higher manufacturing costs, particularly energy prices and labor costs, and intensifying price competition.」