Cost burden from rising raw material costs
First written in FY2019-Q1. 8 of 21 entries say "Worsened", first in FY2022-Q1. Latest entry: FY2026-H1.
Kura Sushi moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 41 of 48 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The overall food-service industry also continues to face difficult conditions, including rising raw-material prices and labor costs.」
States that cost pressures from higher raw material prices have continued alongside rising labor costs. - FY2025-H1WorsenedAnnual report
「The food service industry as a whole also continues to face challenging conditions, including rising raw material prices, particularly for rice, and higher labor costs.」
States that higher raw material costs reflect continued price increases in specific items, including rice. - FY2024-Q2RestatedAnnual report
「The food service industry also continues to face a challenging environment, including higher procurement prices, labor costs and utility costs.」
Cost pressures from higher procurement prices, labor costs and utilities costs continue to contribute to the challenging operating environment. - FY2024-Q1RestatedAnnual report
「In the food service industry, although the challenging environment continues, owing to elevated procurement prices, including those for imported food ingredients, resulting from the sustained depreciation of the yen, rising labor costs due to labor shortages, and higher utility costs, business conditions have generally begun to improve, supported by increased sales resulting from greater foot traffic.」
Higher procurement prices for imported food ingredients, labor costs and utilities costs continue to be cited as factors contributing to the challenging operating environment. - FY2023RestatedAnnual report
「The challenging operating environment continues, partly due to higher costs for raw materials, logistics, labor and utilities.」
Cost pressures, including higher raw material prices, logistics, labor and utilities costs, continue. - FY2023-Q3RestatedAnnual report
「The challenging operating environment continues, partly due to higher costs for raw materials, logistics, labor and utilities.」
Higher costs, including increases in raw material prices, logistics, labor and utilities, continue to contribute to the challenging operating environment. - FY2023-Q2WorsenedAnnual report
「Meanwhile, raw material and energy prices rose substantially due to yen depreciation, while labor costs also increased and various other costs, including materials and utilities, rose. To address these increases, in October 2022 the Company implemented price revisions, including changes to the product mix, such as changing products priced at ¥110 per plate, including tax, to ¥115, and some products priced at ¥220 per plate, including tax, to ¥165.」
Reconfirms that higher costs for raw materials, energy, labor, materials and utilities have continued, requiring a response through price revisions. - FY2023-Q1WorsenedAnnual report
「Raw material and energy prices rose substantially due to yen depreciation, while labor costs also increased and various other costs, including materials and transportation, rose. To address these increases, in October 2022 the Company changed products priced at ¥110 per plate, including tax, to ¥115, and some products priced at ¥220, including tax, to ¥165, among other measures.」
Higher raw material and energy prices, labor costs, materials costs and transportation costs have continued to weigh on costs, requiring a response through price revisions. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, Japan's economy remained challenging, as in the previous fiscal year, despite the end in March 2022 of the priority preventive measures related to the spread of COVID-19 and progress in vaccinations as an infection-control measure, amid the spread of infections caused by a new variant, the Omicron variant. In addition, rising energy and raw material prices resulting from the prolonged Russian invasion of Ukraine were compounded by a rapid depreciation of the yen, and the outlook remained uncertain.」
The drivers of higher raw material costs have materialized as a combination of higher energy and raw material prices associated with geopolitical risks and a rapid depreciation of the yen. - FY2022-Q3WorsenedAnnual report
「However, as labor costs rose with the normalization of economic activity, higher food and energy prices, together with the depreciation of the yen, resulted in a continuing challenging operating environment.」
Cost pressures have broadened from previously soaring resource prices and inflation caused by supply chain disruptions to a situation in which yen depreciation has been added to rising food and energy prices. - FY2022-Q2WorsenedAnnual report
「The restaurant industry continued to face a challenging operating environment, including shortened operating hours, soaring resource prices due to heightened geopolitical risks, and higher prices resulting from supply chain disruptions.」
Concerns regarding higher raw material and commodity prices have materialized as soaring resource prices associated with geopolitical risks and higher prices caused by supply chain disruptions. - FY2022-Q1WorsenedAnnual report
「During the first three months of the fiscal year from 1 November 2021 to 31 January 2022, Japan's economy remained uncertain as economic activity continued to stagnate amid the spread of COVID-19, while energy prices surged.」
In connection with the previous concerns regarding higher raw material and commodity prices, the filing explicitly mentions a sharp rise in energy prices. - FY2021Reintroduced higher commodity pricesAnnual report
「In addition, the outlook remains uncertain, with crude oil and commodity prices rising.」
Higher commodity prices, which were not identified as an independent factor in the previous full-year report, are again cited as a source of uncertainty in the operating environment. - FY2020DroppedAnnual reportThis full-year report does not identify increases in raw material costs or prices as an independent operating-environment factor.
- FY2020-Q3RestatedAnnual report
「In the restaurant industry, although signs of recovery, such as the normalization of operating hours, have emerged since the lifting of the state of emergency, concerns over the spread of infections remain and the outlook continues to be uncertain.」
Although this is not a new mention of rising raw material costs itself, the challenging environment and uncertain outlook for the restaurant industry continue. - FY2020-Q1Reinstated DisclosureAnnual report
「In the food service industry, the challenging environment continues due to ongoing cost increases, including labor and raw material costs, and intensifying competition to attract customers across business formats, including prepared-food businesses.」
Although the previous full-year report did not identify rising raw material costs as an independent factor, this filing again mentions higher costs for labor, raw materials and other items. - FY2019DroppedAnnual reportThis filing does not identify increases in raw material costs or prices as an independent business-environment factor.
- FY2019-Q3RestatedAnnual report
「In the food service industry, the challenging environment continues, owing to elevated raw material prices, rising labor costs due to tight labor supply and demand, and growth in the prepared-food market.」
States that persistently elevated raw material prices remain a cost factor contributing to the challenging environment in the restaurant industry. - FY2019-Q1First statedAnnual report
「In the food service industry, the challenging environment continues due to ongoing cost increases, including labor and raw material costs, and intensifying competition to attract customers across business formats, including prepared-food businesses.」
Explicitly identifies rising costs for raw materials and other items as a new factor contributing to the challenging operating environment in the restaurant industry.