Risk from Market Price Fluctuations in Meat, Feed, Secondary Raw Materials and Other Inputs
First written in FY2017-Q1. 21 of 31 entries say "Materialised", first in FY2019-Q1. Latest entry: 2026-08-03.
Itoham Yonekyu Holdings moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 40 of 58 companies on the "Worse" side.
15 other companies' latest entry also says "Materialised".
- FY2025WorsenedAnnual report
「Amid difficult business conditions in which raw material prices remained high and logistics costs continued to rise, sales increased due to higher unit selling prices in the Meat business and the implementation of price revisions in the Processed Foods business and other factors. However, operating profit, ordinary profit and net income attributable to owners of the parent all declined due to the lower profit in the Meat business.」
Ordinary profit in the Meat business was ¥12,215 million, down 32.4% from the previous fiscal year, as raw material prices remained high and logistics costs continued to rise. - FY2025-H1MaterialisedAnnual report
「Amid difficult business conditions in which raw material prices remain high and logistics costs continue to rise,」
Raw material prices remained high and logistics costs continued to rise during the current interim consolidated accounting period. These effects were absorbed through price revisions and other measures in the Processed Foods business, but became a factor reducing profit in the Meat business. - FY2024-Q2MaterialisedAnnual report
「Profit declined because the increase in costs due to higher raw material prices, logistics costs and other factors could not be fully offset by the effects of product price revisions.」
Market price volatility and higher costs for raw materials, logistics and other items actually resulted in lower profit in the Processed Foods business because they could not be fully absorbed through product price revisions. - FY2024-Q1MaterialisedAnnual report
「Revenue for the processed-foods business overall increased, but ordinary income declined because product price revisions did not fully offset the increase in costs resulting from higher raw material prices and utility expenses.」
Higher raw material prices and utility costs could not be fully absorbed through product price revisions and continued to appear in actual results as lower profit in the Processed Foods business. - FY2023MaterialisedAnnual report
「In this industry, difficult business conditions continued as raw material prices, utility costs, packaging costs and logistics costs remained high, compounded by the effects of the weaker yen.」
Higher costs for raw materials, utilities, packaging, logistics and the weaker yen emerged over the full year and became factors reducing profit in the Processed Foods business. - FY2023-Q3MaterialisedAnnual report
「As a result, revenue in the processed-foods business for the nine months ended in the third quarter was ¥285,963 million, up 2.3% year on year, while ordinary income was ¥8,256 million, down 31.1%, as the impact of higher raw material prices and utility expenses exceeded the effect of product price revisions.」
The longstanding market price volatility risk of higher raw material prices and utility costs actually resulted in a 31.1% decline in ordinary profit in the Processed Foods business, exceeding the effect of product price revisions. - FY2023-Q2MaterialisedAnnual report
「Profit declined due to higher procurement prices, feed prices, fuel costs and other factors.」
Higher procurement prices, feed prices and fuel costs actually resulted in lower profit in the Meat business. - FY2023-Q1MaterialisedAnnual report
「Profit declined due in part to higher procurement prices resulting from high market prices and the rapid depreciation of the yen, as well as continued congestion in ocean container transportation.」
In the Meat business, high market prices, higher procurement prices due to the weaker yen and congestion in ocean container transportation actually occurred as factors reducing profit. - FY2022WorsenedAnnual report
「Difficult business conditions continued amid higher raw material and energy prices, persistently high logistics costs and labor costs.」
Higher raw material, energy, logistics and labor costs emerged over the full year as business conditions and became factors reducing profit in the Processed Foods and domestic Meat businesses. - FY2022-Q3MaterialisedAnnual report
「As a result, revenue in the processed-foods business for the nine months ended in the third quarter was ¥234,787 million, compared with ¥239,361 million in the same quarter of the previous year. Operating income was ¥10,890 million, compared with ¥11,463 million, reflecting the impact of higher raw material and fuel prices.」
Higher raw material and fuel prices actually resulted in lower operating profit in the Processed Foods business, which decreased by ¥573 million year on year. - FY2022-Q2MaterialisedAnnual report
「Profit declined due to higher purchase prices for imported meat and domestic beef, increased ocean freight costs and other factors.」
Higher purchase prices for imported meat and domestic beef and increased ocean freight costs actually resulted in lower profit in the domestic Meat business. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, procurement costs were affected by market price fluctuations, but profit increased because inventory was optimized, profitability management was strengthened and margins improved.」
While market price fluctuations actually affected procurement costs, the disclosure states that margins improved through inventory optimization and strengthened profitability management. - FY2021-Q2MitigatedAnnual report
「Operating income increased by ¥2,144 million from the same quarter of the previous year to ¥5,823 million, up 58.3%, due to growth in sales of household products and efforts to reduce costs.」
While the risk of cost fluctuations affecting earnings continues, the disclosure states that the Processed Foods business worked to reduce costs and that operating profit exceeded the previous year. - FY2021-Q1MaterialisedAnnual report
「Beef sales declined due to lower operating rates at overseas procurement sources amid the spread of infectious diseases, as well as weakening demand from the food-service industry, including yakiniku restaurants, for both domestic and imported beef. However, profit exceeded the previous year because procurement costs for domestic beef declined.」
Lower operating rates at overseas procurement sources and weaker food-service demand associated with the spread of infectious diseases actually resulted in lower beef sales. At the same time, the disclosure states that profit exceeded the previous year due to lower procurement costs for domestic beef. - FY2020MaterialisedAnnual report
「The Processed Foods business posted lower profit due to higher logistics costs and the impact of a fire, while the Meat business struggled in terms of profit due to falling selling prices for domestic pork and higher procurement costs for imported chicken, although」
The decline in selling prices for domestic pork and the increase in procurement costs for imported chicken actually affected profit in the Meat business. - FY2020-Q3MaterialisedAnnual report
「As a result, sales in the Processed Foods business for the first 3 quarters of the current consolidated fiscal year increased by ¥4,149 million from the same period of the previous year to ¥232,605 million, up 1.8% year on year, but operating profit decreased by ¥354 million due to higher logistics costs, the impact of a fire and other factors to ¥7,860 million, down 4.3% year on year.」
In addition to higher logistics costs, the impact of a fire actually resulted in lower operating profit in the Processed Foods business, with the decrease quantified as ¥354 million, or 4.3% year on year. - FY2020-Q2MaterialisedAnnual report
「Operating profit was affected by higher logistics costs and other factors, but increased by ¥32 million from the same quarter of the previous year to ¥3,678 million, up 0.9% year on year, due to increased sales volume and other factors.」
While higher logistics costs continued to affect operating profit in the Processed Foods business, operating profit increased 0.9% year on year due to increased sales volume and other factors. - FY2020-Q1MaterialisedAnnual report
「As a result, sales in the Processed Foods business for the first quarter of the current consolidated fiscal year increased by ¥1,750 million from the same quarter of the previous year to ¥70,663 million, up 2.5% year on year, while operating profit decreased by ¥247 million due to higher logistics costs and other factors to ¥1,889 million, down 11.6% year on year.」
Higher logistics costs and other factors actually occurred as causes of the ¥247 million, or 11.6% year-on-year, decrease in operating profit in the Processed Foods business. - FY2019MaterialisedAnnual report
「As a result, sales in the Processed Foods business for the consolidated fiscal year increased by ¥4,436 million from the previous fiscal year to ¥291,939 million, up 1.5% year on year, while operating profit decreased by ¥2,849 million because the increases in production and logistics costs could not be fully passed on to selling prices, to ¥7,914 million, down 26.5% year on year.」
The increase in production and logistics costs and the inability to fully pass them on to selling prices actually occurred over the full year as factors reducing operating profit in the Processed Foods business by ¥2,849 million, or 26.5% year on year. - FY2019-Q3MaterialisedAnnual report
「As a result, sales in the Processed Foods business for the first 3 quarters of the current consolidated fiscal year increased by ¥3,778 million from the same period of the previous year to ¥228,455 million, up 1.7% year on year, while operating profit decreased by ¥2,799 million because the increases in production and logistics costs could not be fully passed on to selling prices, to ¥8,215 million, down 25.4% year on year.」
The increase in production and logistics costs and the inability to fully pass them on to selling prices continued to actually result in lower operating profit in the Processed Foods business. The decrease of ¥2,799 million, or 25.4% year on year, was disclosed. - FY2019-Q2MaterialisedAnnual report
「Because the increases in production and logistics costs could not be fully passed on to selling prices, operating profit decreased by ¥2,254 million from the same quarter of the previous year to ¥3,645 million, down 38.2% year on year.」
The increase in production and logistics costs and the inability to fully pass them on to selling prices continued to actually result in lower operating profit in the Processed Foods business. - FY2019-Q1MaterialisedAnnual report
「Because the increases in production and logistics costs could not be fully passed on to selling prices, operating profit decreased by ¥828 million from the same quarter of the previous year to ¥2,136 million, down 27.9% year on year.」
The increase in production and logistics costs and the inability to fully pass them on to selling prices actually resulted in lower operating profit in the Processed Foods business, indicating that the longstanding cost volatility risk affected operating performance. - FY2018RestatedAnnual report
「Surging prices for crude oil, grains and dairy products, together with higher labor costs due to labor shortages, may increase the costs of secondary raw materials, packaging materials, electricity and logistics used in products, affecting earnings.」
Market price volatility risk for livestock products, feed, secondary raw materials, packaging materials, electricity, logistics costs and labor costs continues to be disclosed. - FY2018-Q3RestatedAnnual report
「In this industry, consumer preference for low prices for food and other everyday necessities remains strong as raw material prices and logistics costs rise, and difficult business conditions continue.」
Difficult business conditions, including higher raw material prices and logistics costs, continue to be disclosed. - FY2017WorsenedAnnual report
「In addition, surging prices for crude oil, grains and dairy products, together with higher labor costs due to labor shortages, may increase the costs of secondary raw materials, packaging materials, electricity and logistics used in products, affecting operating performance.」
In addition to the existing market price volatility of livestock products, feed and secondary raw materials, labor shortages and higher labor costs are explicitly identified as new cost factors. The disclosure also describes responses including diversifying procurement sources, maintaining appropriate inventory levels and consolidating logistics. - FY2017-Q3WorsenedAnnual report
「In addition, safeguards on imported pork and beef could restrict procurement volumes and increase procurement prices. There is also a risk that selling prices could decline due to supply-demand imbalances and changes in consumer needs.」
In addition to the existing market price volatility of livestock products, feed and secondary raw materials, the disclosure explicitly identifies the possibility of procurement restrictions and price increases caused by safeguards, as well as declines in selling prices. - FY2017-Q2RestatedAnnual report
「Changes in livestock product market prices and feed prices may affect the earnings of the Meat business, which produces and sells meat, and the Processed Foods business, which uses meat as an ingredient. In addition, surging prices for crude oil, grains and dairy products may increase the costs of secondary raw materials, packaging materials, electricity and logistics used in products, adversely affecting operating performance.」
Market price volatility risk for livestock products, feed, secondary raw materials, packaging materials, electricity and logistics costs continues to be disclosed. - FY2017-Q1First statedAnnual report
「Changes in livestock product market prices and feed prices may affect the earnings of the Meat business, which produces and sells meat, and the Processed Foods business, which uses meat as an ingredient.」
Price fluctuations in livestock products, feed, crude oil, grains, dairy products, packaging materials, electricity and logistics are identified as risks to earnings.