Fluctuations in aquatic and livestock product prices, and collection of receivables from customers and guarantee obligations
First written in FY2016. 9 of 24 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2026.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Claims in bankruptcy and rehabilitation proceedings, etc. 1,154 1,180」
Claims in bankruptcy and rehabilitation proceedings, etc., increased from ¥1,154 million in the previous fiscal year to ¥1,180 million. The balance related to the risk of collecting trade receivables is increasing. - FY2025-H1MaterialisedAnnual report
「Sales of aquatic products declined as market conditions remained weak. As a result, net sales increased 7.7% year on year to ¥13.637 billion. Segment profit (operating profit) decreased 8.6% year on year to ¥762 million due to lower margins resulting from weak aquatic product prices.」
Weak aquatic product prices actually resulted in lower sales and margins, and segment profit in the feed business decreased 8.6% year on year. - FY2024WorsenedAnnual report
「Claims in bankruptcy and rehabilitation proceedings, etc. 1,197,404 1,219,194」
Claims in bankruptcy and rehabilitation proceedings, etc., increased from ¥1,197.404 million at the end of the previous fiscal year to ¥1,219.194 million, increasing the balance related to collection risk. - FY2024-Q3RestatedAnnual report
「Azukiya Suisan Co., Ltd. ¥100 million」
Guarantees of liabilities for companies other than consolidated companies amounted to ¥100 million, unchanged from the end of the previous consolidated fiscal year. - FY2023RestatedAnnual report
「In response to these collection risks, our group maintains adequate credit controls and records a certain allowance for doubtful accounts against trade receivables. However, if bad debts substantially exceeding the allowance for doubtful accounts arise, or the risk of such bad debts emerges, this could materially affect performance.」
The disclosure continues to describe credit risks facing aquatic and livestock producers due to market conditions, natural disasters and disease, and the responses through credit controls and allowances for doubtful accounts. - FY2022RestatedAnnual report
「In response to these collection risks, our group maintains adequate credit controls and records a certain allowance for doubtful accounts against trade receivables. However, if bad debts substantially exceeding the allowance for doubtful accounts arise, or the risk of such bad debts emerges, this could materially affect performance.」
The disclosure continues to describe credit risks facing aquatic and livestock producers due to market conditions, disasters and disease, and the responses through credit controls and allowances for doubtful accounts. - FY2021MitigatedAnnual report
「The ¥206 million decrease in fixed assets from the end of the previous fiscal year was mainly due to a ¥729 million decrease in claims in bankruptcy and rehabilitation proceedings, etc., despite a ¥608 million increase in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., decreased by ¥729 million from the end of the previous fiscal year, and exposure related to receivables collection contracted. - FY2021-Q3MitigatedAnnual report
「The ¥1.062 billion decrease in fixed assets from the end of the previous consolidated fiscal year was mainly due to decreases of ¥717 million in property, plant and equipment and ¥658 million in claims in bankruptcy and rehabilitation proceedings, etc., included in other investments and other assets, despite a ¥265 million increase in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., which had increased through the end of the previous consolidated fiscal year, decreased by ¥658 million, and exposure related to receivables collection contracted. - FY2021-Q2MitigatedAnnual report
「The ¥963 million decrease in fixed assets from the end of the previous consolidated fiscal year was mainly due to decreases of ¥717 million in property, plant and equipment and ¥732 million in claims in bankruptcy and rehabilitation proceedings, etc., included in other investments and other assets, despite a ¥451 million increase in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., which had increased through the end of the previous consolidated fiscal year, decreased by ¥732 million, and exposure related to receivables collection contracted during the quarter. - FY2021-Q1MitigatedAnnual report
「The ¥134 million decrease in fixed assets from the end of the previous consolidated fiscal year was mainly due to a ¥650 million decrease in claims in bankruptcy and rehabilitation proceedings, etc., included in other investments and other assets, despite increases of ¥211 million in property, plant and equipment and ¥218 million in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., which had continued to increase through the previous fiscal year, decreased by ¥650 million, and exposure related to receivables collection contracted during the quarter. - FY2020-Q3WorsenedAnnual report
「The ¥3.404 billion increase in current assets was mainly due to increases of ¥3.144 billion in notes and accounts receivable and ¥412 million in merchandise and finished goods from the end of the previous consolidated fiscal year. The ¥75 million increase in fixed assets was mainly due to a ¥650 million increase in claims in bankruptcy and rehabilitation proceedings, etc., included in other investments and other assets, and a ¥234 million increase in other property, plant and equipment, net, despite an ¥872 million decrease in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., increased by ¥650 million from the end of the previous consolidated fiscal year, and exposure related to receivables collection continued to increase. - FY2020-Q2WorsenedAnnual report
「The ¥104 million increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to increases of ¥764 million in claims in bankruptcy and rehabilitation proceedings, etc., and ¥257 million in property, plant and equipment, despite a ¥946 million decrease in investment securities.」
Claims in bankruptcy and rehabilitation proceedings, etc., increased by ¥764 million from the end of the previous consolidated fiscal year, and exposure related to receivables collection continued to increase. - FY2019MitigatedAnnual report
「The ¥272 million increase in fixed assets from the end of the previous fiscal year was mainly due to increases of ¥211 million in construction in progress and ¥148 million in investment securities, and a ¥147 million decrease in the allowance for doubtful accounts, despite a ¥224 million decrease in claims in bankruptcy and rehabilitation proceedings, etc.」
Claims in bankruptcy and rehabilitation proceedings, etc., decreased by ¥224 million from the end of the previous fiscal year, and the allowance for doubtful accounts also decreased by ¥147 million. As a result, exposure related to receivables collection, which had expanded through the previous fiscal year, contracted for the full year. - FY2019-Q3WorsenedAnnual report
「The ¥584 million increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to a ¥545 million increase in claims in bankruptcy and rehabilitation proceedings, etc.」
Claims in bankruptcy and rehabilitation proceedings, etc., increased by ¥545 million from the end of the previous consolidated fiscal year, and exposure related to receivables collection continued to increase. - FY2019-Q2WorsenedAnnual report
「The ¥1.478 billion decrease in fixed assets from the end of the previous consolidated fiscal year was mainly due to increases of ¥704 million in investment securities and ¥636 million in claims in bankruptcy and rehabilitation proceedings, etc.」
Claims in bankruptcy and rehabilitation proceedings, etc., related to receivables collection risk increased by ¥636 million from the end of the previous consolidated fiscal year. - FY2019-Q1WorsenedAnnual report
「The ¥1.314 billion increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to increases of ¥736 million in investment securities and ¥646 million in claims in bankruptcy and rehabilitation proceedings, etc.」
Claims in bankruptcy and rehabilitation proceedings, etc., related to receivables collection risk increased by ¥646 million from the end of the previous consolidated fiscal year. - FY2018-Q3WorsenedAnnual report
「Net sales for the cumulative third quarter decreased 3.7% year on year to ¥34.686 billion, despite increased sales of fish-paste products and functional foods, mainly due to lower sales volumes of aquaculture feed. Operating profit decreased 9.9% year on year to ¥1.218 billion, mainly due to lower sales and higher procurement costs resulting from pork prices remaining high. The ¥647 million increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to a ¥579 million increase in claims in bankruptcy and rehabilitation proceedings, etc.」
Higher pork prices increased procurement costs and became a factor behind the decline in operating profit, while claims in bankruptcy and rehabilitation proceedings, etc., also increased by ¥579 million from the end of the previous consolidated fiscal year. Deterioration in exposure to commodity price fluctuations and receivables collection has continued. - FY2018-Q2WorsenedAnnual report
「Operating profit decreased 5.2% year on year to ¥544 million, mainly due to lower sales and higher procurement costs resulting from pork prices remaining high. The ¥631 million increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to a ¥690 million increase in claims in bankruptcy and rehabilitation proceedings, etc.」
Higher pork prices led to increased procurement costs, while claims in bankruptcy and rehabilitation proceedings, etc., also increased by ¥690 million from the end of the previous consolidated fiscal year. The disclosure indicates increased exposure to commodity prices and receivables collection. - FY2018-Q1Increase in claims in bankruptcy and rehabilitation proceedings, etc.Annual report
「The ¥246 million increase in fixed assets from the end of the previous consolidated fiscal year was mainly due to a ¥198 million decrease in investment securities, offset by a ¥429 million increase in claims in bankruptcy and rehabilitation proceedings, etc.」
The disclosure states that claims in bankruptcy and rehabilitation proceedings, etc., increased by ¥429 million from the end of the previous consolidated fiscal year, as an item related to receivables collection risk. - FY2017MaterialisedAnnual report
「Sales of meat declined due to lower sales volumes of chicken and lower selling prices for pork.」
Pork selling prices declined again during the current fiscal year and became a factor behind the decrease in sales in the livestock food business. - FY2017-Q3MaterialisedAnnual report
「The Livestock Food Business posted lower revenue due to a decrease in chicken sales volume, a decline in the unit price of pork, and a decrease in sales volume of OEM (original equipment manufacturing) products such as boiled ham and bacon.」
Declining pork selling prices continued to occur and became a factor behind the decrease in sales in the livestock food business. - FY2017-Q2MaterialisedAnnual report
「Sales of meat declined due to lower sales volumes of chicken and lower selling prices for pork.」
Declining pork selling prices continued to occur and became a factor behind the decrease in meat sales. - FY2017-Q1MaterialisedAnnual report
「Net sales for the cumulative first quarter decreased 2.6% year on year to ¥10.689 billion, mainly due to lower sales volumes of aquaculture feed and lower selling prices for pork.」
A decline in pork selling prices occurred and became a factor behind the decrease in quarterly net sales. - FY2016First statedAnnual report
「Our group handles substantial volumes of processed aquatic and livestock products, pork and beef, among other products, and fluctuations in aquatic and livestock product prices may affect its performance. In addition, many purchasers of compound feed in the feed business are producers of aquatic and livestock products. If market prices for their products decline substantially, deterioration in the financial condition of these customers could cause problems in collecting receivables or result in demands for the performance of guarantee obligations.」
The disclosure indicates that declines in commodity prices may lead to deterioration in customers’ financial condition, problems collecting receivables and performance of guarantee obligations.