Intensifying product price competition and higher raw-material procurement costs
First written in FY2016. 10 of 20 entries say "Materialised", first in FY2022. Latest entry: FY2027-H1.
Bull-Dog Sauce moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 19 of 25 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「Amid surging prices for some materials and rising electricity and other costs due to the situation in the Middle East and other factors」
The company stated that surging prices for some materials and rising electricity and other costs had emerged as actual business conditions. - FY2026RestatedAnnual report
「Soaring raw material prices caused by the situation in the Middle East and the weaker yen, as well as higher energy prices, are affecting raw material procurement.」
It reconfirms the effects of the situation in the Middle East, the weaker yen and higher energy prices on raw material procurement. - 2026-05-15WorsenedRevisions to earnings forecasts
「While the situation in the Middle East and other factors are heightening consumers’ thrift-consciousness, changing work styles and other developments are diversifying consumer needs, and consumer spending trends are expected to become increasingly complex.」
The company indicates that consumer spending trends are becoming more complex against the backdrop of the situation in the Middle East and other factors, while the business environment, including raw-material procurement, remains uncertain. - FY2025RestatedAnnual report
「Soaring raw material prices caused by the war in Ukraine and the weaker yen, as well as higher energy costs such as crude oil, are affecting the procurement of the Company’s raw materials.」
It reconfirms that soaring raw material and energy prices are affecting procurement. It also describes responses including price revisions and diversification of suppliers. - FY2025-H1MaterialisedAnnual report
「In addition to the increase in depreciation expenses associated with the establishment of the TATEBAYASHI Creation Center (the “TCC”), which had been anticipated from the outset, raw material costs increased. Although the Company also worked to reduce various expenses and took other measures, operating loss was ¥60 million.」
The increases in depreciation expenses associated with establishing the TCC and in raw material costs emerged as actual cost burdens, resulting in an operating loss of ¥60 million. - FY2024-Q3MaterialisedAnnual report
「Operating profit was ¥320 million, down 1.9% year on year, despite the effect of higher sales, due to soaring raw material prices and increased depreciation expenses associated with capital investment in the TATEBAYASHI Creation Center, among other factors.」
It states that soaring raw material prices continued and, together with increased depreciation expenses associated with capital investment and other factors, contributed to the 1.9% year-on-year decline in operating profit. - FY2024-Q2MaterialisedAnnual report
「Operating profit was ¥361 million, up 141.0% year on year, as higher sales offset the continued increase in raw material prices and fuel and other energy costs.」
It states that raw material prices and fuel and other energy costs continued to rise. Meanwhile, operating profit increased 141.0% year on year due to higher sales. - FY2024-Q1MitigatedAnnual report
「Although fuel and raw material prices continued to rise due to the prolonged situation in Ukraine, the pace of increase became more moderate.」
It states that fuel and raw material prices continued to rise, but the pace of price increases moderated. - FY2023MaterialisedAnnual report
「Profits declined due to soaring raw material prices and other factors that exceeded the effect.」
Raw material and energy prices continued to rise. Although price revisions were implemented, operating profit fell 33.9% year on year. The risk of soaring raw material prices has had an actual effect on profits. - FY2023-Q3MaterialisedAnnual report
「In terms of profit, record-high raw material and fuel prices continued to rise. In particular, higher prices for vegetables and fruits such as tomatoes, which are principal raw materials, as well as sugar and salt, had a significant effect, and operating profit fell 33.8% year on year to ¥326 million.」
It states that record-high raw material and fuel prices continued and that higher prices for principal raw materials contributed to the 33.8% year-on-year decline in operating profit. - FY2023-Q2MaterialisedAnnual report
「Soaring raw material and fuel prices continued well beyond expectations. In particular, higher prices for the principal raw materials, including vegetables and fruits and sugar, had a significant effect, and operating profit fell 53.6% year on year to ¥150 million.」
It states that soaring raw material and fuel prices continued and that higher prices for principal raw materials contributed to the 53.6% year-on-year decline in operating profit. - FY2023-Q1MaterialisedAnnual report
「In response to soaring global resource and grain prices, higher raw material costs caused by supply constraints, disruptions in supply chains and higher fuel prices against the backdrop of the situation in Ukraine, the Company implemented various measures, including improving operating efficiency, reducing costs and reviewing raw materials. However, maintaining a stable supply of products at a consistent quality for consumers became difficult through corporate efforts alone, and the Company revised the prices of some products shipped from 1 June 2022. Nevertheless, costs for raw materials, fuel and other items increased beyond the assumptions made at the time of the price revision, affecting…」
It states that increases in resource, grain, raw material and fuel prices and disruptions in supply chains actually occurred, and that cost increases exceeding expectations affected profits even after the price revisions. - FY2022MaterialisedAnnual report
「The prices of the Group’s principal raw materials, particularly vegetables and fruits, sugar and salt, have risen sharply. Packaging materials and fuel also remain costly, and further price increases are a concern.」
It states that higher raw material, packaging material and fuel costs actually occurred and that operating profit fell 9.6% year on year due to soaring raw material prices and other factors. It also adds reduced supply due to conflicts, procurement difficulties, human rights issues and environmental regulations as risks. - FY2022-Q3WorsenedAnnual report
「Changes in the environment caused by COVID-19 led to a sharp increase in demand for raw materials as economic activity recovered globally, shortages of shipping containers, poor agricultural harvests and higher crude oil prices. These factors resulted in substantial increases in the prices of the Group’s raw materials and fuel and significantly affected profits.」
It states that a sharp increase in demand for raw materials, shortages of shipping containers, poor agricultural harvests and higher crude oil prices actually resulted in substantial increases in raw material and fuel prices and affected profits. - FY2020WorsenedAnnual report
「Customer attrition due to price pressure or declining competitiveness may adversely affect the Group’s financial position and operating results.」
In addition to intensifying competition and soaring raw material prices, it explicitly identifies customer attrition due to price pressure or declining competitiveness as a risk. - FY2018RestatedAnnual report
「Competition in the seasoning industry is severe. …In addition, procurement prices for sauce ingredients, packaging materials and other items have been trending upward, and …the Group’s profits may decline if raw material procurement prices rise more than expected.」
It continues to identify the risks of declining profits due to intensifying competition, competitors’ expanding market share, and higher raw material and packaging material prices. - FY2017WorsenedAnnual report
「Competition in the seasoning industry is severe. The Group expects to face intensifying competition in the product and regional markets in which it operates. Its competitors include manufacturers and importers, some of which have greater research and development, manufacturing and sales resources than the Group and may rapidly expand their market share.」
In addition to soaring raw material prices, it identifies intensifying competition with manufacturers and importers and the risk of competitors rapidly expanding their market share as specific risks. - FY2016First statedAnnual report
「Procurement prices for sauce ingredients, packaging materials and other items have been trending upward. Although the entire Company has focused on reducing costs through greater operating efficiency and other measures, the Group’s profits may decline if raw material procurement prices rise more than expected due to restrictions on the use of existing raw materials resulting from legal revisions and other factors.」
It states that higher raw material prices continued during the fiscal year and that, although price revisions were implemented, operating profit was affected.