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S&B Foods (2805) · RiskRestated

Intensifying Competition Driven by Sluggish Private Consumption and Changes in Market Structure

First written in FY2017-Q1. 22 of 31 entries say "Restated". Latest entry: 2026-10-30.

31entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2020-Q3RestatedFY2021-Q2 – FY2022-Q3RestatedFY2024-Q3 – 2026-10-302016: 220162017: 320172018: 420182019: 320192020: 420202021: 320212022: 420222023: 320232024: 220242025: 120252026: 22026
Same theme, other companies
Weak food demand driven by population decline and major retailers’ focus on low pricesA theme 13 companies write about · 13 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.

6 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「In the food industry, customer cost-consciousness continued amid uncertainty about the outlook, including concerns about further price increases caused by rising raw material prices and persistently high energy prices, leaving the operating environment challenging.」

    Rising raw material and energy prices, concerns about rising prices, and continued cost-consciousness are cited as factors behind the continued challenging operating environment.
  2. FY2024RestatedAnnual report

    「In the food industry, changes in consumer behavior and market structure continued, as customers became increasingly cost-conscious amid uncertainty about the outlook, including concerns about further price increases due to soaring raw material and energy prices, leaving the operating environment challenging.」

    Concerns about rising prices, increased cost-consciousness, and changes in consumer behavior and market structure are described as contributing to the continued challenging operating environment.
  3. FY2024-Q3RestatedAnnual report

    「In the food industry, changes in consumer behavior and market structure continued, as customers became increasingly cost-conscious amid uncertainty about the outlook, including concerns about further price increases due to soaring raw material and energy prices, leaving the operating environment challenging.」

    Soaring raw material and energy prices, concerns about rising prices, increased customer cost-consciousness, and changes in consumer behavior and market structure are cited as factors behind the continued challenging operating environment.
  4. FY2024-Q2WorsenedAnnual report

    「In the food industry, changes in consumer behavior and market structure continued, as customers became increasingly cost-conscious amid uncertainty about the outlook, including concerns about further price increases due to soaring raw material and energy prices, leaving the operating environment challenging.」

    Against a backdrop of soaring raw material and energy prices and concerns about rising prices, customers are described as becoming increasingly cost-conscious, indicating that market conditions are becoming more challenging.
  5. FY2024-Q1RestatedAnnual report

    「In the food industry, changes in consumer behavior and market structure were observed as customers became more cost-conscious amid uncertainty about the outlook, including concerns about further price increases due to soaring raw material and energy prices, leaving the operating environment challenging.」

    Soaring raw material and energy prices, concerns about rising prices, cost-consciousness, and changes in consumer behavior and market structure are cited as factors behind the continued challenging operating environment.
  6. FY2023-Q3RestatedAnnual report

    「In the food industry, changes in consumer behavior and market structure, including signs of recovery in food-service demand, continued, as did price increases caused by soaring raw material and energy prices. Customers became more cost-conscious amid uncertainty about the outlook, including concerns about further price increases, leaving the operating environment challenging.」

    Recovery in food-service demand, changes in consumer behavior and market structure, soaring raw material and energy prices, concerns about rising prices and increased cost-consciousness continue.
  7. FY2023-Q2Concerns about rising prices and increased cost-consciousnessAnnual report

    「In the food industry, changes in consumer behavior and market structure, including signs of recovery in food-service demand, were observed, along with price increases caused by soaring raw material and energy prices. Customers became more cost-conscious amid uncertainty about the outlook, including concerns about further price increases, leaving the operating environment challenging.」

    In addition to recovering food-service demand, soaring raw material and energy prices, concerns about rising prices and increased cost-consciousness were cited as factors behind the challenging operating environment.
  8. FY2023-Q1Recovery in food-service demand and cost-consciousness driven by soaring pricesAnnual report

    「In the food industry, changes in consumer behavior and market structure, including signs of recovery in food-service demand, were observed. In addition, customers became more cost-conscious amid uncertainty about the outlook due to soaring raw material and energy prices and the prolonged depreciation of the yen, leaving the operating environment challenging.」

    While food-service demand is showing signs of recovery, cost-consciousness has increased due to soaring raw material and energy prices and the prolonged depreciation of the yen, and the challenging operating environment continues.
  9. FY2022WorsenedAnnual report

    「In the food industry, at-home demand remained at a high level while food-service demand showed signs of recovery, resulting in changes in market structure. In addition, customers became more cost-conscious amid uncertainty about the outlook due to rising raw material and energy prices and the yen's depreciation in foreign exchange markets, leaving the operating environment challenging.」

    In addition to changes in market structure, with recovering food-service demand coexisting with high at-home demand, the company highlights rising raw material and energy prices, yen depreciation and increased cost-consciousness.
  10. FY2022-Q3Recovery in food-service demand; at-home demand remains highAnnual report

    「In the food industry, food-service demand showed signs of recovery following the lifting of the state of emergency last October, while at-home demand remained at a high level. Changes in consumer behavior and market structure emerged, and together with customers' cost-consciousness driven by uncertainty about the outlook, the operating environment remained challenging.」

    While food-service demand is showing signs of recovery, at-home demand remains high, and the challenging operating environment continues amid changes in consumer behavior and market structure and increased cost-consciousness.
  11. FY2022-Q2RestatedAnnual report

    「In the food industry, demand for eating out declined against the backdrop of restrictions on economic activity, including fewer opportunities to go out due to the impact of COVID-19, while demand for eating at home remained at a high level. These changes in consumption patterns and market structure, together with customers' preference for frugality resulting from concerns about the future, left the business environment difficult.」

    Declining demand for eating out and persistently high demand for eating at home, along with continuing changes in consumption patterns and market structure and customers' preference for frugality, are cited.
  12. FY2022-Q1Sluggish demand for eating out and increased demand for eating at homeAnnual report

    「In the food industry, demand for eating out declined against the backdrop of fewer opportunities to go out due to the impact of COVID-19, while demand for eating at home increased. These changes in consumption patterns and market structure, together with customers' preference for frugality resulting from concerns about the future, left the business environment difficult.」

    In addition to the continuing changes in consumption patterns and market structure and customers' preference for frugality, declining demand for eating out and increased demand for eating at home are explicitly cited.
  13. FY2021-Q3RestatedAnnual report

    「In the food industry, changes in consumption patterns and market structure have occurred, including increased demand for eating at home against the backdrop of reduced opportunities to go out due to the impact of COVID-19. Together with customers' preference for frugality resulting from concerns about the future, these factors left the business environment difficult.」

    Increased demand for eating at home due to fewer opportunities to go out, along with continued changes in consumption patterns and market structure and customers' preference for frugality, is cited.
  14. FY2021-Q2RestatedAnnual report

    「In the food industry, changes in consumption patterns and market structure have occurred, including increased demand for eating at home against the backdrop of reduced opportunities to go out due to the impact of COVID-19. Together with customers' preference for frugality resulting from concerns about the future, these factors left the business environment difficult.」

    Increased demand for eating at home due to fewer opportunities to go out, along with continued changes in consumption patterns and market structure and customers' preference for frugality, is cited.
  15. FY2021-Q1WorsenedAnnual report

    「In the food industry, changes in consumption patterns and market structure have occurred, including increased demand for eating at home due to requests to refrain from going out amid the impact of COVID-19. Together with customers' preference for frugality resulting from concerns about the future, these factors left the business environment difficult.」

    In addition to the existing preference for frugality and changes in consumption patterns and market structure, changes in consumption patterns and market structure such as increased demand for eating at home due to COVID-19 and requests to refrain from going out are cited.
  16. FY2020WorsenedAnnual report

    「Most of our Group's business is conducted in Japan, where the population continues to decline. In addition, the products customers require have become more complex due to changes in household structures and the diversification of lifestyles and preferences.」

    In addition to changes in personal consumption and market structure, the long-term decline in Japan's population and changes in household structures and lifestyles are explicitly cited as market-environment risks.
  17. FY2020-Q3RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted, while a response was required to the diversification of behavior resulting from lifestyle changes and changes in market structure, along with rising labor and logistics costs resulting from labor shortages.」

    Customers' preference for frugality, changes in consumption patterns and market structure, and rising costs resulting from labor shortages continue to be cited as factors contributing to the difficult business environment in the food industry.
  18. FY2020-Q1RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted, while a response was required to the diversification of behavior resulting from lifestyle changes and changes in market structure, along with rising labor and logistics costs resulting from labor shortages.」

    In addition to customers' preference for frugality and changes in consumption patterns and market structure, rising costs resulting from labor shortages continue to be cited as factors contributing to the difficult business environment.
  19. FY2019RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted, while a response was required to the diversification of consumption patterns resulting from lifestyle changes and changes in market structure, along with rising labor and logistics costs resulting from labor shortages.」

    In addition to customers' preference for frugality and changes in consumption patterns and market structure, rising costs resulting from labor shortages continue to be cited as factors contributing to the difficult business environment.
  20. FY2019-Q3RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted, while a response was required to the diversification of consumption patterns and changes in market structure, along with rising labor and logistics costs resulting from labor shortages.」

    In addition to customers' preference for frugality and changes in consumption patterns and market structure, rising labor and logistics costs resulting from labor shortages are cited as factors contributing to the difficult business environment.
  21. FY2019-Q2RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted and a response was required to the diversification of consumption patterns and changes in market structure.」

    Customers' strong preference for frugality, the diversification of consumption patterns, and the need to respond to changes in market structure continue to be cited as factors contributing to the difficult business environment in the food industry.
  22. FY2019-Q1RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality, driven by concerns about the future, persisted and a response was required to the diversification of consumption patterns and changes in market structure.」

    Customers' strong preference for frugality, the diversification of consumption patterns, and the need to respond to changes in market structure continue to be cited as factors contributing to the difficult business environment.
  23. FY2018RestatedAnnual report

    「In the food industry, personal consumption remained resilient but lacked strength amid customers' preference for frugality driven by concerns about the future, while the diversification of consumption patterns and changes in market structure required a response, leaving the business environment difficult.」

    The lack of strength in personal consumption due to customers' preference for frugality and changes in consumption patterns and market structure continue to be cited as factors contributing to the difficult business environment.
  24. FY2018-Q3RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality persisted and a response was required to the diversification of consumption patterns and other changes.」

    Customers' strong preference for frugality and the need to respond to the diversification of consumption patterns continue to be cited as factors contributing to the difficult business environment in the food industry.
  25. FY2018-Q2RestatedAnnual report

    「In the food industry, the business environment remained difficult as customers' strong preference for frugality persisted and a response was required to the diversification of consumption patterns and other changes.」

    Customers' strong preference for frugality and the need to respond to the diversification of consumption patterns continue to be cited as factors contributing to the difficult business environment in the food industry.
  26. FY2017RestatedAnnual report

    「In the food industry, the business environment remained difficult as personal consumption stagnated due to customers' preference for frugality, while the diversification of consumption patterns and changes in market structure required a response.」

    Sluggish personal consumption due to customers' preference for frugality and changes in consumption patterns and market structure continue to be cited as factors contributing to the difficult business environment.
  27. FY2017-Q3RestatedAnnual report

    「In the food industry, the business environment remained difficult due to sluggish personal consumption resulting from customers' preference for frugality and intensifying competition caused by changes in market structure.」

    Sluggish personal consumption resulting from customers' preference for frugality and intensifying competition caused by changes in market structure continue to be cited as factors contributing to the difficult business environment.
  28. FY2017-Q2RestatedAnnual report

    「In the food industry, the business environment remained difficult due to sluggish personal consumption resulting from customers' preference for frugality and intensifying competition caused by changes in market structure.」

    Sluggish personal consumption resulting from customers' preference for frugality and intensifying competition caused by changes in market structure continue to be cited as factors contributing to the difficult business environment.
  29. FY2017-Q1First statedAnnual report

    「In the food industry, the business environment remained difficult as competition intensified due to sluggish personal consumption and changes in market structure, requiring initiatives to address customers' awareness and needs.」

    Sluggish personal consumption and intensifying competition resulting from changes in market structure are cited as factors contributing to the difficult business environment in the food industry.
Moved together

"Uncertainty over the Outlook Due to a Slowdown in Overseas Economies and Volatility in Foreign Exchange and Equity Markets" moved the same way as this thread, in the same document, in 3 of its 31 moves.

3222★1234
  1. ★This thread
  2. 1Uncertainty over the Outlook Due to a Slowdown in Overseas Economies and Volatility in Foreign Exchange and Equity Markets3×
  3. 2Risk of Rising Raw Material Prices and Insufficient Procurement Volumes2×
  4. 3Market Price Fluctuations in Shares Held2×
  5. 4Impairment Losses Due to Lower Profitability and Land Prices2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
S&B Foods's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-10-30: "Restated".
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