A domestic-focused business base with no overseas sales
First written in FY2016. 13 of 17 entries say "Softened", first in FY2022-Q3. Latest entry: FY2027-H1.
Bull-Dog Sauce moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 5 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2027-H1SoftenedAnnual report
「“Exports” benefited from the continued increase in Japanese restaurants and expanding demand in Europe, with revenue increasing 2.9% year on year to ¥324 million. At the “Local Subsidiary (Shanghai),” proposals for new menu items to existing customers and approaches to new customers began to bear fruit, and revenue increased 44.4% year on year to ¥98 million.」
The company specifically disclosed growth in overseas sales and higher revenue at the Shanghai local subsidiary, further weakening the previous characterization of its business base as primarily domestic. - FY2026SoftenedAnnual report
「“Exports” benefited from stronger sales in western North America, as well as expanded sales in Europe and Asia-Oceania, and revenue increased 2.1% year on year to ¥547 million. At the “Local Subsidiary (Shanghai),” sales to Chinese companies have gradually increased in addition to sales to Japanese companies, and revenue increased 25.2% year on year to ¥150 million.」
While domestic sales continue to account for more than 90% of consolidated sales, exports and sales by the Shanghai local subsidiary continue to grow, increasing the presence of the overseas business. - 2026-05-15SoftenedRevisions to earnings forecasts
「“Exports” rose 2.1% year on year to ¥547 million, reflecting stronger sales in western North America and expanded sales in Europe, Asia, and Oceania. The Shanghai subsidiary’s sales rose gradually among Chinese companies as well as Japanese companies, increasing 25.2% year on year to ¥150 million.」
The company continues to report sales growth in exports and at its Shanghai subsidiary alongside its primarily domestic business base. - FY2026-H1SoftenedAnnual report
「“Exports” had been affected by concerns over the impact of the introduction of tariffs in the United States, but the company made progress in acquiring new customers through an active approach to local mass retailers in the western part of North America. Revenue expanded mainly in the United States and Asia, increasing 10.2% year on year to ¥271 million. At the “Local Subsidiary (Shanghai),” approaches to Chinese companies have gradually increased in addition to Japanese companies, and the company’s ability to propose products quickly has also been well received. Revenue increased 26.7% year on year to ¥68 million.」
Against the domestic-focused business platform, exports and sales by the Shanghai local subsidiary are disclosed separately, specifically demonstrating the expansion of overseas sales and the acquisition of new customers. - FY2025SoftenedAnnual report
「“Exports” benefited from the acquisition of new customers, including local mass retailers, driven by strengthened local marketing activities, mainly in the United States. Adoption also expanded in Australia and East Asia, and revenue increased 15.7% year on year to ¥536 million.」
While the structure in which domestic sales account for more than 90% is maintained, export sales increased 15.7% year on year and sales by the Shanghai local subsidiary increased 18.5%, increasing the presence of overseas sales. - FY2025-H1SoftenedAnnual report
「Despite concerns about a slowdown in the US economy and heightened tensions in the Middle East, we successfully acquired new export customers through initiatives with local trading companies, mainly in North America, and marketing activities, with sales rising 10.7% year on year to ¥246 million. Despite the continuing impact of the ALPS-treated water issue, sales of the Shanghai local subsidiary rose 12.8% year on year to ¥53 million, driven by the acquisition of new customers.」
Against the domestic-focused business platform, exports and sales by the Shanghai local subsidiary are disclosed separately, specifically demonstrating the growth in overseas sales and the acquisition of new customers. - FY2024-Q3SoftenedAnnual report
「“Exports” to the United States and Europe remained solid, increasing 34.0% year on year to ¥337 million. …“Local subsidiary (Shanghai)” increased 12.0% year on year to ¥78 million.」
Against the domestic-focused business platform, exports and sales by the Shanghai local subsidiary are disclosed separately, specifically demonstrating the growth in overseas sales. - FY2024-Q2SoftenedAnnual report
「Exports to the United States and Europe remained firm, while local marketing activities in Asia, including tastings and business meetings, progressed, and sales rose 25.8% year on year to ¥222 million. Sales of the Shanghai local subsidiary rose 12.8% year on year to ¥47 million.」
Against the domestic-focused business platform, exports and sales by the Shanghai local subsidiary are disclosed separately, specifically demonstrating the growth in overseas sales. - FY2024-Q1SoftenedAnnual report
「Exports remained firm to the United States and Europe, while marketing activities focused on Asia also progressed, and sales rose 8.6% year on year to ¥103 million. Sales of the Shanghai local subsidiary rose 2.2% year on year to ¥25 million.」
Against the previous description of the business as domestic-focused, exports and sales by the Shanghai local subsidiary are disclosed separately, specifically demonstrating the existence and growth of overseas sales. - FY2023SoftenedAnnual report
「As sales to external customers in Japan account for more than 90% of revenue on the consolidated statement of income, this information has been omitted.」
The previous description of having no external-customer sales overseas has changed to one stating that domestic sales account for more than 90%, weakening the description to a domestic-focused business platform that reflects the existence of overseas operations and exports. - FY2023-Q1SoftenedAnnual report
「Sales of foodservice products increased 16.8% year on year to ¥946 million, reflecting the acquisition of new users through product proposals for the growing prepared-food market and strong performance by products for existing users and overseas markets.」
Strong sales of products for overseas markets are described as a sales result, further weakening the previous description of the business platform as domestic-focused. - FY2022SoftenedAnnual report
「Sales of products for the ready-to-eat and takeout markets and 1.8 L tonkatsu sauce for export remained strong.」
While the related information states that there are no direct sales to external customers outside Japan, it also describes strong sales of tonkatsu sauce for export as a business result, further weakening the description of the business as domestic-focused. - FY2022-Q3SoftenedAnnual report
「Growth in exported products driven by the global recovery in economic activity contributed to higher sales.」
The previous description stated that there were no sales to external customers outside Japan, indicating a domestic-focused business. This time, however, it states that growth in exports contributed to the increase in sales. As the breakdown of overseas sales itself is not provided, the description of the business as domestic-focused has become less definitive. - FY2020RestatedAnnual report
「There is no applicable information because there are no sales to external customers outside Japan.」
It has been reconfirmed that there were no external-customer sales overseas in the current fiscal year and that the sales base remains primarily domestic. - FY2018RestatedAnnual report
「There is no applicable information because there are no sales to external customers outside Japan.」
The domestic-focused business platform, with no external-customer sales overseas, has been reconfirmed. - FY2017RestatedAnnual report
「There is no applicable information because there are no sales to external customers outside Japan.」
The domestic-focused business platform, with no external-customer sales overseas, has been reconfirmed. - FY2016First statedAnnual report
「There is no applicable information because there are no sales to external customers outside Japan.」
Although initiatives to raise awareness overseas are described, external-customer sales for the current fiscal year are solely domestic.