Higher Procurement Prices Due to Safeguards on Imported Pork and Beef
First written in FY2016. 18 of 19 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2025: 9 of 22 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 3. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including higher purchase prices due to safeguards on imported pork and beef. - FY2022-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2021-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2021-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2020-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2020-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2019-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2019-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2019-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2018RestatedAnnual report
「Imported pork handled by the group is subject to safeguards (emergency import restrictions). If cumulative imports from the beginning of the fiscal year through the end of each quarter exceed 119% of the average imports for the corresponding periods of the previous 3 fiscal years, a tariff-based emergency measure will raise the trigger import price for the remainder of the fiscal year. The resulting increase in purchase prices may adversely affect performance.」
The company continues to indicate safeguard risks, including the 119% threshold for imported pork, the 117% threshold for imported beef and the increase in tariffs to 50%. - FY2018-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2018-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2018-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2017RestatedAnnual report
「Imported pork handled by the group is subject to safeguards (emergency import restrictions). If cumulative imports from the beginning of the fiscal year through the end of each quarter exceed 119% of the average imports for the corresponding periods of the previous 3 fiscal years, a tariff-based emergency measure will raise the trigger import price for the remainder of the fiscal year. The resulting increase in purchase prices may adversely affect performance.」
The company continues to indicate safeguard thresholds of 119% for imported pork and 117% for imported beef, as well as the risk of higher purchase prices. - FY2017-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2017-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2017-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 4. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including safeguards on imported pork and beef. - FY2016First statedAnnual report
「If cumulative imports of pork from the beginning of the fiscal year through the end of each quarter exceed 119% of the average imports for the corresponding periods of the previous 3 fiscal years, a tariff-based emergency measure will raise the trigger import price for the remainder of the fiscal year. The resulting increase in purchase prices may adversely affect performance.」
For imported pork, the trigger threshold is 119%. For imported beef, a measure is also described under which tariffs are raised to 50% when imports exceed 117%.