Demand Risks from Sluggish Consumption, Preference for Low-Priced Products and Intensifying Competition
First written in FY2016. 18 of 35 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Takizawa Ham moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「However, sales volume declined due to weaker personal consumption amid rising prices, and revenue for the fiscal year came to ¥2,656.5 million, down 5.4% year on year.」
The decline in personal consumption caused by rising prices and consumer thrift materialized in the form of lower sales volume and a 5.4% year-on-year decline in full-year sales. - FY2026-H1MaterialisedAnnual report
「In addition, consumer sentiment weakened amid rising prices, while the recovery in personal consumption slowed because of delayed wage growth, resulting in a situation in which the recovery in domestic demand is taking time.」
The weakening of consumer sentiment caused by rising prices and the slowing recovery in personal consumption were reported, with demand risk materializing in the form of lower sales volume and a 5.1% year-on-year decline in sales. - FY2025MaterialisedAnnual report
「Sales for the consolidated fiscal year were ¥28.088 billion, down 0.4% year on year, due to lower sales volume resulting from a decline in personal consumption caused by rising prices.」
The decline in personal consumption caused by rising prices and lower sales volume materialized in the form of a 0.4% year-on-year decline in full-year sales. Sales declines were also reported in ham and sausages, prepared foods for convenience stores and the food-service business, among others. - FY2025-H1MaterialisedAnnual report
「In the processed meat products segment, sales volume for ham, sausages and other products declined. As a result, segment sales were ¥5.327 billion, down 3.9% year on year.」
Demand risk from sluggish consumption, consumer thrift and intensifying sales competition materialized in the interim results in the form of lower sales volume for ham, sausages and other products and a 3.9% year-on-year decline in segment sales. - FY2024MaterialisedAnnual report
「However, revenue for the fiscal year fell to ¥2,821.1 million, down 4.2% year on year, as sales volume declined due to weaker personal consumption resulting from rising prices.」
The decline in personal consumption caused by rising prices and lower sales volume materialized in the form of a 4.2% year-on-year decline in full-year sales. - FY2024-Q3MaterialisedAnnual report
「However, revenue for the cumulative third quarter fell to ¥2,180.9 million, down 4.4% year on year, as sales volume declined amid intensifying sales competition.」
Intensifying sales competition materialized in the form of lower sales volume and a 4.4% year-on-year decline in cumulative nine-month sales. - FY2024-Q2MaterialisedAnnual report
「However, revenue for the cumulative second quarter fell to ¥1,387.7 million, down 4.6% year on year, as consumer preferences shifted toward greater frugality amid changes in lifestyles, intensifying sales competition and reducing sales volume.」
Stronger consumer thrift and intensifying sales competition materialized in the form of lower sales volume and a 4.6% year-on-year decline in cumulative sales. - FY2024-Q1RestatedAnnual report
「The challenging business environment continues, with soaring raw material prices, higher energy prices and logistics costs, and declining personal consumption due to inflation caused by successive food price increases.」
The decline in personal consumption caused by successive food price increases and rising prices continues to be identified as a demand-side risk. - FY2023-Q3RestatedAnnual report
「As a result, revenue for the first nine months of the current fiscal year was ¥22,822 million, down 0.1% year on year, as sales volume declined due to weaker consumer sentiment caused by rising prices and other factors.」
Consumer sentiment continued to deteriorate amid rising prices and other factors, while sales volume declined, with the challenging demand environment reflected in a 0.1% year-on-year decrease in cumulative nine-month sales. - FY2023-Q2WorsenedAnnual report
「Although the price revisions had a certain effect, sales volume declined as consumers became increasingly inclined to save amid a series of price increases, resulting in sales of ¥14.54 billion, down 0.3% year on year.」
As consumers became increasingly inclined to save following the price increases, demand risk materialized in the form of lower sales volume and a 0.3% year-on-year decline in sales. - FY2023-Q1WorsenedAnnual report
「The business environment is becoming increasingly challenging due to soaring raw material and energy prices and declining personal consumption caused by rapid inflation.」
The decline in personal consumption due to rapid inflation was specifically identified, while stronger consumer thrift in response to successive price increases and lower sales volumes were also reflected in actual results. - FY2022WorsenedAnnual report
「Difficult business conditions continued, as higher raw material prices resulting from the pandemic and the situation in Ukraine, global supply chain disruptions, soaring energy prices and inflation further strengthened consumers' focus on saving.」
The company states that consumers' focus on saving intensified further against a backdrop of inflation and soaring energy prices, worsening demand conditions. - FY2022-Q2WorsenedAnnual report
「In this industry, consumer sentiment continues to weaken as the periods covered by states of emergency and priority preventive measures in multiple regions have been extended. In addition, higher raw material and other costs have driven up expenses, leaving the business environment challenging.」
Declining consumer sentiment continued as the periods covered by states of emergency and other measures were extended in multiple regions, with difficult demand conditions persisting and becoming more pronounced. - FY2022-Q1WorsenedAnnual report
「In this industry, the timing of a resolution remained unforeseeable due to extensions and intermittent implementation of states of emergency and priority preventive measures in some regions. Consumer sentiment continued to weaken, leaving the business environment challenging.」
The company states that the timing of a resolution remained unforeseeable due to extensions and intermittent implementation of states of emergency and other measures, while declining consumer sentiment continued, indicating that difficult demand conditions persist. - FY2021MaterialisedAnnual report
「In this industry, the environment surrounding the industry is expected to remain challenging due to deteriorating employment conditions and sluggish consumption resulting from restrictions on economic and social activity under states of emergency, as well as concerns about securing stable supplies of imported raw materials.」
Sluggish consumption continued due to states of emergency and other measures, resulting in a substantial decline in sales to the eating-out sector and bringing demand risk into actual results. Meanwhile, demand for eating at home and demand from mass retailers and convenience stores increased. - FY2021-Q3MaterialisedAnnual report
「In this industry, demand for eating at home increased in response to calls to refrain from going out and the promotion of teleworking, but the business environment remained uncertain due to deteriorating consumer sentiment and the prolonged spread of infection.」
Deteriorating consumer sentiment and the prolonged spread of infection continued to worsen demand conditions, as reflected in lower sales to the eating-out sector and a 27.5% year-on-year decline in revenue from the Other segment. - FY2021-Q2MaterialisedAnnual report
「In the Other segment, demand remained depressed and it was still difficult for it to return to pre-pandemic levels. Revenue from the restaurant business and other operations was ¥50 million, down 34.3% year on year.」
The decline in demand for eating out due to COVID-19 and other factors continued, and revenue from the restaurant business and other operations fell 34.3% year on year. - FY2021-Q1MaterialisedAnnual report
「In the Other segment, revenue from the restaurant business and other operations was ¥19 million, down 46.5% year on year, partly due to the declaration of a state of emergency.」
Against a backdrop of COVID-19 and the declaration of a state of emergency, sales in the restaurant business and other operations fell 46.5% year on year, bringing the demand reduction risk into actual results. - FY2020MaterialisedAnnual report
「In the processed meat products segment, price competition among companies continued to intensify, and sales of ham, sausage and other products fell below the previous year. As a result, segment revenue was ¥12,409 million, down 8.6% year on year.」
Intensifying price competition among companies resulted in lower sales of ham, sausage and other products for the full year, and revenue in the processed meat products segment fell 8.6% year on year. - FY2020-Q3MaterialisedAnnual report
「In the processed meat products segment, price competition among companies continued to intensify, and sales of ham, sausage and other products fell below the previous year. As a result, segment revenue was ¥9,563 million, down 9.6% year on year.」
Lower sales of ham, sausage and other products due to intensifying price competition among companies were reported in the cumulative results for the third quarter. - FY2020-Q2MaterialisedAnnual report
「In the processed meat products segment, sales of ham, sausage and other products fell below the previous year due to intensifying price competition among companies. As a result, segment revenue was ¥5,991 million, down 10.1% year on year.」
Lower sales of ham, sausage and other products due to intensifying price competition among companies were reported in the cumulative results for the second quarter. - FY2020-Q1WorsenedAnnual report
「In this industry, consumers maintained a strong preference for lower prices amid an economic recovery that was not felt in everyday life. Meanwhile, higher labor and logistics costs due to labor shortages continued, and competition among companies intensified further, resulting in difficult business conditions.」
The company states that competition among companies intensified further while consumers maintained a strong preference for lower prices, and this was reflected in actual results as lower sales of processed meat products and in the meat segment. - FY2019MaterialisedAnnual report
「As a result, revenue for the current fiscal year declined to ¥31,922 million, down 6.8% year on year, as sales fell due to sluggish sales of ham and sausage products and intensified competition in the meat division.」
While risks from consumers' preference for lower prices and sales competition continued, full-year results showed lower sales of ham and sausage products and in the meat segment. - FY2019-Q3RestatedAnnual report
「Difficult operating conditions continued, as consumers maintained a strong focus on saving amid concerns about the future, while labor shortages contributed to higher labor costs and logistics expenses.」
The company continues to describe consumers' focus on saving, difficult operating conditions and rising costs. - FY2019-Q1WorsenedAnnual report
「In this industry, price competition intensified as the market stagnated due to the declining birthrate and aging population, while higher labor and utility costs resulting from labor shortages also contributed to difficult business conditions.」
The company states that price competition intensified against a backdrop of market stagnation, and that this has actually resulted in weak sales and lower revenue for ham and sausage products and the meat segment. - FY2018RestatedAnnual report
「In this industry, sluggish consumption of processed meat products is expected due to the declining birthrate, aging population and population decline, while sales competition among companies has intensified.」
The company continues to identify sluggish demand due to the declining birthrate, aging population and population decline, along with intensifying sales competition, as ongoing business-environment risks. - FY2018-Q2RestatedAnnual report
「In this industry, the focus on saving continues and the recovery in personal consumption remains sluggish, while higher labor and logistics costs against a backdrop of labor shortages have left the business environment challenging.」
The focus on saving and the sluggish recovery in personal consumption continue. The second-quarter report states that there have been no material changes in risks related to the business or other matters. Difficult consumer conditions continue to affect the actual business environment. - FY2018-Q1WorsenedAnnual report
「In this industry, the focus on saving continues and the recovery in personal consumption remains sluggish. In addition, higher labor and logistics costs due to labor shortages have intensified competition among companies, resulting in difficult business conditions.」
As the focus on saving and the sluggish recovery in personal consumption continued, higher labor and logistics costs also contributed to more intense competition among companies. - FY2017RestatedAnnual report
「In this industry, prices for raw materials used in processed products remained relatively stable, but as consumers increasingly focused on saving and lower prices for food in general, higher logistics costs and intensifying sales competition among companies resulted in continued difficult conditions.」
The company states that the focus on saving and lower prices and the difficulties of sales competition continue. Higher logistics costs were recorded separately as a new risk. - FY2017-Q3WorsenedAnnual report
「In this industry, prices for raw materials used in processed products remained relatively stable, but a stronger focus on saving and lower prices for food in general intensified sales competition among companies, and difficult conditions continued.」
Compared with the previous quarter's wording that consumers continued to show a strong preference for lower prices, the company now states that the focus on saving and lower prices is intensifying, indicating worsening demand and competitive conditions. - FY2017-Q2RestatedAnnual report
「Consumers continue to show a strong preference for lower prices amid concerns about the economic outlook, while competition among companies is intensifying, resulting in a challenging business environment.」
The company continues to identify consumers' preference for lower prices and intensifying competition among companies as business-environment risks. - FY2017-Q1MaterialisedAnnual report
「In the processed meat products segment, sales of roast beef and prosciutto products performed well, but sales of existing sausage products were weak, resulting in a slight increase in segment revenue.」
Among the risks related to demand and sales competition, weak sales of existing sausage products are reported as an actual result for the quarter. - FY2016First statedAnnual report
「Sluggish consumption is expected due to the declining birthrate and aging population, while sales competition among companies is also expected to intensify.」
The company identifies sluggish personal consumption, preferences for lower prices and saving, the declining birthrate and aging population, and intensifying competition among companies as business-environment risks. It also explains that the business was affected by media reports concerning processed meat from the IARC.