Customer Requests for Price Reductions and Declining Selling Prices amid Lower Input Prices
First written in FY2018-Q3. 5 of 12 entries say "Mitigated", first in FY2019. Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「In the sesame oil business, household sales volumes declined year on year, mainly because the recovery in dining out reduced demand for eating at home, and because of the impact of product selling price adjustments implemented in March 2023 for some medium-size products and in October. Commercial-use sales to the food-service industry remained strong as foot traffic recovered, but sales volumes also declined year on year due to the impact of product selling price adjustments implemented in October 2023, among other factors.」
In sesame oil, the company proceeded with selling price adjustments for household and commercial-use products, resulting in sales volumes falling below the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「In the food sesame business, the company adjusted product selling prices in October of the previous year and, at subsidiary Katagi Foods, again in April 2023. These adjustments have been a factor in the overall decline in sales volumes.」
In food sesame products, the company proceeded with price pass-through by implementing another price adjustment at Katagi Foods in April 2023, following the adjustment in October of the previous year. - FY2023-Q3AdvancedAnnual report
「In the food sesame business, the company has been implementing product selling price adjustments since October.」
The price adjustments for food sesame products indicated in the previous quarter moved to the implementation stage in October. - FY2023-Q2AdvancedAnnual report
「In the sesame oil business, the company adjusted product selling prices for export products from April, commercial-use products from May, and household products from June. … In the food sesame business, the company has been implementing selling price adjustments since October, the second half of the fiscal year.」
The company adjusted prices for export, commercial-use, and household sesame oil products and moved to the stage of beginning price adjustments for food sesame products from October. - FY2023-Q1Price adjustments by oil type, food sesame decision deferredAnnual report
「In the sesame oil business, the company adjusted product selling prices for export products from April, commercial-use products from May, and household products from June. … In the food sesame business, no selling price adjustments were made during the cumulative first quarter. The company expects to decide whether to implement them after assessing future cost and demand trends.」
To address rising raw material and energy costs, the company adjusted prices for export, commercial-use, and household sesame oil products, in that order. In contrast, it deferred price adjustments for food sesame products and indicated that it would make a decision based on future cost and demand trends. - FY2020MitigatedAnnual report
「In the sesame oil business, the company raised prices for commercial-use products from February of the previous fiscal year and for export products from October of the current fiscal year.」
In response to rising raw material prices, the company raised prices for export products, following commercial-use products, and proceeded with adjustments to bring selling prices in line with raw material costs. - FY2020-Q3MitigatedAnnual report
「In the sesame oil business, the company raised prices for commercial-use products from February of the previous fiscal year and for export products from October of the current fiscal year.」
To address rising raw material prices, the company raised prices for export products from October, following commercial-use products, and proceeded with adjustments to bring selling prices in line with raw material costs. - FY2020-Q2MitigatedAnnual report
「Under these circumstances, the Group conducted promotional activities featuring a product lineup focused on customer needs and diverse applications, while also concentrating on correcting sales prices to levels commensurate with raw material prices as the sesame raw material market surged.」
In response to soaring sesame raw material market prices, the company focused on adjusting selling prices to reflect raw material costs and continued addressing price pass-through. - FY2020-Q1MitigatedAnnual report
「Under these circumstances, the Group conducted promotional activities featuring a product lineup focused on customer needs and diverse applications, while also concentrating on correcting sales prices to levels commensurate with raw material prices as the sesame raw material market surged.」
In response to soaring raw material market prices, the company focused on adjusting selling prices to reflect raw material costs. - FY2019MitigatedAnnual report
「As raw material prices began rising, the company adjusted prices for commercial-use products in February.」
Amid the risk of rising raw material prices, the company adjusted prices for commercial-use products and proceeded with measures to sell at appropriate prices. - FY2019-Q3ReframedAnnual report
「Meanwhile, current raw material price trends are in an uptrend, making sales at appropriate prices an issue.」
The focus has shifted from the risk of customer requests for price reductions and falling selling prices during periods of declining raw material prices to the challenge of selling at appropriate prices during periods of rising raw material prices. - FY2018-Q3MaterialisedAnnual report
「Selling prices have been trending lower, partly because purchase prices for sesame raw materials have remained relatively low and stable compared with recent years, leading to an increase in requests from customers for price reductions.」
The company states that, as sesame raw material prices remained low and stable, requests from customers for price reductions increased and selling prices began trending lower.