Soaring Raw Material Costs

「Higher prices for raw materials and energy, as well as logistics costs, resulting from adverse weather, natural disasters, higher crude oil prices, foreign-exchange fluctuations and changes in the international situation may lead to higher costs for the Group.」

「On the profit side, in addition to the benefit of higher revenue, the company implemented base-pay increases for all employees as a strategic investment in human capital. At the same time, steady progress in productivity improvement initiatives under the Medium-Term Management Plan 2030 produced benefits from optimizing labor costs and controlling costs, causing both operating income and ordinary income to exceed the initial plan.」

「On the profit side, in addition to the benefit of higher revenue, the company effectively controlled the impact of soaring raw material and energy costs. As a result, operating loss and ordinary loss were both reduced year on year and against plan, while net income increased substantially year on year due to the recognition of an extraordinary gain from the sale of hotel assets.」

「On the profit side, higher raw material prices and energy costs, together with industry-wide labor shortages, caused recruitment costs to substantially exceed expectations. The substantial increase in labor costs resulting from the need to employ higher-cost temporary staff also pressured profit.」

「On the profit side, in addition to the benefit of higher revenue, the company reviewed its electricity suppliers, converted to LED lighting and introduced energy-saving equipment to reduce utility costs in response to soaring energy prices, achieving some of its cost-reduction measures. Meanwhile, under its personnel-fulfillment measures, recruitment costs exceeded expectations and labor costs for part-time and temporary staff increased due to labor shortages across the restaurant and hotel industries.」

「In addition to rising prices resulting from higher energy costs and raw material prices and the impact of foreign-exchange fluctuations, concerns remain about the effect on the economy of global monetary tightening, and the outlook remains uncertain.」

「On the profit side, in addition to a certain increase in the cost burden from the policy-driven investments described above, recruitment costs and labor costs for the busy season increased due to personnel shortages during the COVID-19 pandemic. Some selling, general and administrative expenses, including utility costs, were also higher than expected due to the weaker yen and soaring energy prices.」

「The depreciation of the yen and soaring energy prices accelerated further, and some selling, general and administrative expenses, including utility costs, were higher than expected.」

「The economic outlook remains uncertain due to the impact on personal consumption of the seventh wave of COVID-19 infections, which expanded rapidly from July 2022, two typhoons that made landfall during Silver Week, the accelerating depreciation of the yen, higher raw material costs and rising prices resulting from soaring energy prices.」

「The economic outlook is becoming uncertain again due to the rapid depreciation of the yen, soaring resource and energy prices resulting from the situation involving Russia and Ukraine, and the spread of the seventh wave of COVID-19 infections.」

「Higher prices for raw materials, energy and other inputs resulting from adverse weather, natural disasters, higher crude oil prices and foreign-exchange fluctuations may lead to higher costs for the Group. Within a certain range, the Group can respond by revising menu prices and taking other measures. However, if the impact exceeds that range and the increase in costs cannot be sufficiently absorbed, the Group's financial results may be affected.」

「Higher prices for raw materials, energy and other inputs resulting from adverse weather, natural disasters, higher crude oil prices and foreign-exchange fluctuations may lead to higher costs for the Group. Within a certain range, the Group can respond by revising menu prices and taking other measures. However, if the impact exceeds that range and the increase in costs cannot be sufficiently absorbed, the Group's financial results may be affected.」

「On the profit side, in addition to the impact of lower revenue, store closure losses recognized in the second quarter, higher raw material costs, capital investment to advance the hotel business, and increased non-regular employment costs associated with securing personnel to address labor shortages put pressure on profit, resulting in lower profit.」

「On the profit side, expenses exceeded the initial forecast due to higher raw material costs resulting from adverse weather, increased labor costs arising from capital investment and additional staffing to advance the hotel business, and higher costs for new openings, including advertising expenses.」

「Profit margins declined and profit decreased from the previous fiscal year due to the impact of higher raw material costs resulting from adverse weather and other factors.」

「On the profit side, expenses exceeded the initial forecast due to higher raw material costs resulting from adverse weather, higher costs caused by the stronger euro, increased labor costs arising from capital investment and additional staffing to advance the hotel business, and higher costs for new openings, including advertising expenses. Nevertheless, profit increased from the same period of the previous year.」

「On the cost side, profit margins declined and profit decreased year on year due to higher raw material costs; proactive investments, including the opening costs of the newly opened hotel, reinvestment for renovations and rebranding at existing locations, preparations for the opening of Kodaiji Jyugyuan, the company's first venture into Kyoto and its first Japanese restaurant, and Restaurant Hiramatsu Kodaiji, a French restaurant scheduled to open in September 2017; increased staffing in preparation for the future expansion of the hotel and restaurant businesses; and extraordinary losses, including a payment for the founder's services.」

「On the cost side, profit margins declined and profit decreased year on year due to higher raw material costs, increased staffing in preparation for the future expansion of the hotel and restaurant businesses, the burden of opening costs for new locations, and the recognition of extraordinary losses, including a payment for the founder's services.」

「On the cost side, profit margins declined and profit decreased year on year due to higher raw material costs, increased staffing in preparation for the future expansion of the hotel and restaurant businesses, the burden of opening costs for new locations, and the recognition of extraordinary losses, including a payment for the founder's services.」

「In terms of expenses, profit margins declined and earnings decreased from the previous year due to surging raw material costs, efforts to strengthen both the quality and number of employees in preparation for hotels and restaurants scheduled to fully open from the second quarter onward, and the advance burden of opening costs for those new locations.」