Major price revisions for PET products and other items for the first time in 27 years

「The company has announced that it will implement price revisions for major products in September and has already begun negotiations with customers.」

「As a key initiative to improve profitability, the company implemented product price revisions in May and October and worked to maintain post-revision shipment prices.」

「In sales, we worked on profitability-focused sales activities by maintaining product prices following the series of price revisions implemented to date and implementing price revisions for certain products as planned in May. In addition, to improve profitability from next year onward, we announced price revisions for certain products shipped from 1 October and are proceeding with preparations, including negotiations with customers.」

「We proceeded with negotiations with customers to ensure the smooth implementation of price revisions for certain products shipped from 1 May 2024.」

「In sales, as the most important measure to improve profitability, we implemented product price revisions twice and worked to maintain shipping prices after the revisions.」

「The company proceeded with preparations, including negotiations with key customers, for the price revision for large PET bottle products and other items from October. It also pursued new product launches, efficient and effective marketing activities and stronger customer engagement to capture rising demand driven by the recovery in foot traffic and the extremely hot summer, aiming to grow revenue through higher sales volume and improved selling prices per case.」

「In May 2023, we implemented price revisions for canned products, large PET bottle products and other products, while focusing on ensuring the penetration and maintenance of product prices following the series of price revisions implemented since the previous year. In addition, to further improve profitability, we announced that product prices for large PET bottle products and other products would be revised again for products shipped from 1 October 2023.」

「Although the price revision had a negative impact on sales volume, the company launched new products and implemented channel-specific initiatives tailored to increasingly diverse consumer needs to capture higher demand from the recovery in foot traffic and the extremely hot summer, resulting in a 3% year-on-year increase in sales volume. Growth in the profitable vending channel and improved selling prices per case following the price revision also contributed to higher revenue.」

「Although the negative impact on sales volume immediately after the May price revision for large PET products was significant, sales volume increased 5% year on year as demand recovered with the return of foot traffic and the extremely hot summer. New product launches and channel-specific initiatives responding to increasingly diverse consumer needs also proved effective.」

「As part of its profitability-focused pricing strategy, the company implemented price revisions for large PET bottles in May.」

「Sales volume for the fiscal year, excluding alcoholic beverages, declined 2% year on year, although sales were supported by the selling price revision for large PET bottle products and the nationwide rollout of the alcoholic beverage Lemon-do.」

「Third-quarter sales volume declined 1% year on year, including a 13% decline in July, as the rebound from the previous year's disaster and supply constraints was offset by the prolonged rainy season and low temperatures in July. Third-quarter revenue was approximately in line with the same period of the previous year, supported by improved selling prices per case following the April price revision for large PET bottle products and other items.」

「The company also decided to revise product prices, the first such revision in the beverage industry and the first for the company in 27 years, and implemented price increases for large PET bottle products and other items from April.」

「The company also decided to implement a price revision, the first in 27 years, and announced a voluntary retirement program to provide employees with options based on their values.」