Risk of fluctuations in beverage demand due to changing consumer preferences
First written in FY2016. 6 of 8 entries say "Reframed", first in FY2018. Latest entry: FY2023.
Coca-Cola Bottlers Japan Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 6 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「Changes in consumer preferences driven by rising health awareness, growing concerns about sugar consumption or pricing」
The risk relating to changes in consumer preferences is organized as a change in consumer mindset encompassing concerns about health and sugar intake, as well as preference changes driven by pricing. - FY2022ReframedAnnual report
「Changes in consumer preferences; risk of changes in consumer preferences due to COVID-19, rising health awareness and growing concerns about sugar intake」
The risk relating to changes in consumer preferences is organized as including concerns about sugar intake, in addition to conventional concerns about purchasing behavior, health and the environment, with a focus on expanding low-calorie and zero-calorie beverages and a variety of package sizes in response. - FY2022-Q2ReframedAnnual report
「However, the business environment remains uncertain and challenging due to changes in consumer purchasing behavior, the continuation of a highly competitive environment, worldwide price increases for raw materials, supplies and crude oil, and the sharp acceleration of yen depreciation.」
The risk of changes in consumer preferences and demand is organized as an uncertain business environment encompassing changes in purchasing behavior and the demand environment, price increases and yen depreciation. - FY2022-Q1ReframedAnnual report
「The business environment remains uncertain and challenging due to changes in consumer purchasing behavior, the continuation of a highly competitive environment amid a delayed recovery in overall demand, and worldwide price increases for raw materials, supplies and crude oil.」
The risk of changes in consumer preferences and demand is specified as being affected not only by lifestyles and interest in health and the environment, but also by changes in purchasing behavior and the delayed recovery in overall demand. - FY2019ReframedAnnual report
「If the Group cannot respond to changes in consumer preferences associated with lifestyle changes and concerns about health, obesity and the environment, as reflected in interest in raw material ingredients, nutrients and places of origin and the growing global concern over resource recycling for containers, including the avoidance of PET-bottled products, its financial condition and operating results could be affected.」
The risk relating to changes in consumer preferences is expanded beyond concerns about health and obesity to include environmental concerns such as resource recycling for containers and the avoidance of PET bottles. - FY2018ReframedAnnual report
「If the Group cannot respond to changes in consumer preferences associated with lifestyle changes and concerns about health and obesity, as reflected in interest in raw material ingredients, nutrients and places of origin, its financial condition and operating results could be affected.」
The risk relating to changes in consumer preferences is organized as the risk of failing to respond not only to lifestyle changes but also to interest in raw material ingredients, nutrients and places of origin, and concerns about health and obesity. - FY2017RestatedAnnual report
「The business is susceptible to changes in customer (consumer) preferences. Although the Group will continue striving to provide attractive products and services in the beverage market, if it cannot adequately anticipate market changes, its operating results could be affected.」
The company reiterates the risk to operating results arising from changes in consumer preferences and the difficulty of forecasting market changes. - FY2016First statedAnnual report
「The business is susceptible to changes in customer (consumer) preferences. Although the Group will continue striving to provide attractive products and services in the beverage market, if it cannot adequately anticipate market changes, its operating results could be affected.」
The company discloses the potential impact on operating results if changes in consumer preferences cannot be anticipated, along with its response of continuing to provide attractive products and services.