Rising procurement costs for seafood and beef

「外食業界におきましても、引き続き好調なインバウンド需要を背景に外食需要は底堅く推移したものの、原材料価格、物流費、人件費及び水光熱費等の高騰により、極めて厳しい経営環境が依然として続いております。」

「As our Group relies on imported ingredients such as seafood and beef, there is a risk that procurement costs will increase due to the policies of source countries and trade agreements with other countries. For seafood, there are also risks of higher procurement costs resulting from the depletion of marine resources, higher fishing-vessel fuel prices, increased seafood consumption in source countries, poor catches, conflicts related to the situation in the Middle East and foreign-exchange movements.」

「In the food-service industry, demand has remained firm, supported by inbound demand resulting from the increase in visitors to Japan, but the operating environment remains extremely challenging due to higher prices for various costs, including raw materials such as rice, logistics, personnel and utilities.」

「During the interim consolidated accounting period, Japan's economy remained on a gradual recovery track, supported by increased foot traffic as economic activity normalised, inbound demand, and improvements in employment and income conditions. At the same time, global raw-material and energy prices have remained high due to the prolonged situation in Ukraine and the worsening situation in the Middle East, while prices have also continued to rise as a result of the weaker yen, leaving the outlook extremely uncertain. In the food-service industry, demand has remained firm, driven in part by inbound demand resulting from the weaker yen, but the operating environment remains extremely challenging due to higher personnel, raw-material, utilities and other costs.」

「Our group relies on imported ingredients such as seafood and beef. In addition to the risk of higher procurement costs resulting from the policies of importing countries and trade agreements with various countries, seafood procurement costs may increase due to depletion of marine resources, higher fishing-vessel fuel costs, greater fish consumption in importing countries, poor catches, wars and foreign exchange movements.」

「In the food-service industry, customer traffic has recovered following the easing of restrictions on activities, and personal consumption has shown a gradual recovery trend. However, the industry continues to face a challenging operating environment, with various cost increases, including labour costs, raw material prices and utility costs, expected to continue over an extended period.」

「In the food-service industry, customer traffic has recovered following the easing of restrictions, and personal consumption has shown signs of a moderate recovery. However, various cost increases, including labour costs, raw material prices and utility costs, have exceeded the range that can be addressed through corporate efforts, and are expected to continue, leaving the industry in an extremely challenging operating environment.」

「Labour costs, raw material prices and utility costs have become factors exerting a greater impact than before on profit margins, and the impact of these various cost increases is expected to continue.」

「Although our group's core yakiniku business and other businesses achieved a relatively steady recovery in sales, changes in the external environment described above are expected to result in sharply higher food ingredient prices and energy costs having a significant impact on management going forward. To secure appropriate profitability, it has become essential to actively reform the menu mix, sources of procurement and product prices.」

「The uncertain outlook continues due to globally higher raw material and energy prices resulting from the prolonged situation in Ukraine, as well as the renewed increase in infections during the seventh wave of COVID-19 and the yen's rapid depreciation.」

「Concerns over the tense global situation and the resulting surge in resource prices, including crude oil, and raw material prices, as well as the impact of the yen's sharp depreciation on personal consumption, mean that the uncertain outlook continues.」

「Although measures to combat COVID-19 and effective vaccination programmes for the novel coronavirus are progressing, the timing of containment remains uncertain. In addition, the group expects the extremely challenging situation to continue due to higher raw material prices and energy costs resulting from the situation in Ukraine and the weaker yen.」

「The extremely challenging situation continues, including concerns about a renewed spread of infections due to new variants and higher resource prices.」

「Our group relies on imported ingredients such as seafood and beef. In addition to the risk of higher procurement costs resulting from the policies of importing countries and trade agreements with various countries, seafood procurement costs may increase due to depletion of marine resources, higher fishing-vessel fuel costs, greater fish consumption in importing countries, poor catches, wars and foreign exchange movements.」

「The industry continues to face an extremely challenging operating environment due to consumers' strong preference for saving following the October consumption tax increase, rising labour costs resulting from labour shortages, higher raw material prices, and the additional impact of natural disasters such as typhoons.」

「The industry continues to face an extremely challenging operating environment due to consumers' persistently strong preference for saving, rising labour costs resulting from labour shortages, and higher raw material prices.」

「The industry continues to face an extremely challenging operating environment due to consumers' persistently strong preference for saving, rising labour costs resulting from labour shortages, and higher raw material prices.」

「The food-service industry continues to face a challenging outlook due to higher food ingredient prices, higher recruitment and other costs resulting from labour shortages, and the slowing recovery in personal consumption caused by consumers' strong preference for saving.」

「The food-service industry continues to face an extremely challenging operating environment due to rising recruitment and labour costs resulting from persistent hiring difficulties, higher raw material prices and intensifying competition across industries and business formats.」

「Our group relies on imported ingredients such as seafood and beef. In addition to the risk of higher procurement costs resulting from the policies of importing countries and trade agreements with various countries, seafood procurement costs may increase due to depletion of marine resources, higher fishing-vessel fuel costs, greater fish consumption in importing countries, poor catches, wars and foreign exchange movements.」

「In the food-service industry, the recent appreciation trend in the yen has slightly eased the persistently high level of raw material prices, but the industry continues to face issues including higher raw material prices due to adverse weather, labour shortages and rising labour costs.」

「The operating environment surrounding the food-service industry remains challenging due to labour shortages, rising labour costs, higher raw material prices and intensifying competition for customers with peers and adjacent sectors such as prepared foods.」

「For seafood, there is a risk of higher procurement costs due to depletion of marine resources, higher fishing-vessel fuel costs, greater fish consumption in importing countries, poor catches, wars and foreign exchange movements. Similarly, for beef, the company mitigates foreign exchange risk by entering into short-term foreign exchange contracts through intermediary trading companies and food manufacturers, but there is a risk of higher procurement costs if a sharp depreciation of the yen or other event occurs.」