Rising Labor and Logistics Costs Amid Labor Shortages

「During the cumulative first quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the cumulative third quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes to the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the company and its consolidated subsidiaries, collectively referred to as the group, among the matters concerning the business and accounting situations described in this quarterly securities report, or to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the cumulative third quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes to the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the company and its consolidated subsidiaries, collectively referred to as the group, among the matters concerning the business and accounting situations described in this quarterly securities report, or to the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「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 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 the food industry, trends in raw material prices and labor costs resulting from labor shortages may affect business performance, while customer needs are expected to diversify further due to changes in lifestyles and greater efforts to ensure safety and reliability are expected to be required.」

「The challenging business environment continued, including rising labor and logistics costs against a backdrop of labor shortages.」