Concern Over Inflation
First written in FY2023-Q1. 5 of 10 entries say "Restated". Latest entry: 2026-05-15.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-05-15RestatedEarnings
「The food industry is also expected to face a continued challenging business environment as raw material costs remain high. Population decline and aging, as well as growing awareness of food safety and security, also continue to be factors.」
Recognition of a challenging business environment due to higher raw material costs and inflation remained unchanged. - FY2026-H1RestatedAnnual report
「Stagnation in consumer purchasing appetite in Japan due to prolonged higher prices」
Stagnation in consumer purchasing appetite due to prolonged higher prices continues to be described as a factor that could cause the economy to underperform. - FY2025ReframedAnnual report
「In the food industry, the consumer focus on protecting household finances has strengthened further as the business environment has become more challenging due to higher import costs, including energy costs, resulting from the weaker yen, higher logistics and labor costs caused by labor shortages, and soaring prices.」
The wording has become more specific, moving from concerns over higher prices to a further strengthening of consumers' focus on protecting household finances against the weaker yen and rising import, logistics and labor costs. - FY2025-H1RestatedAnnual report
「As consumer willingness to spend declines due to continuing price increases, interest in food safety and security becomes even stronger, while raw material prices and fuel costs are expected to remain elevated」
Declining consumer willingness to spend due to higher prices continues to be described together with soaring raw material prices and fuel costs. - FY2024-Q3RestatedAnnual report
「In the food industry, consumer purchasing behavior is gradually returning to pre-pandemic levels as the impact of COVID-19 has eased, but declining consumer willingness to spend due to continuing price increases, further interest in food safety and security, and the expected continuation of elevated raw material prices and fuel costs mean that difficult operating conditions are expected to continue.」
Declining consumer willingness to spend due to continuing price increases continues to be described together with soaring raw material prices and fuel costs. - FY2024-Q1ReframedAnnual report
「In the food industry, consumer purchasing behavior is gradually returning to pre-pandemic levels as the impact of COVID-19 has eased, but declining consumer willingness to spend due to continuing price increases, further interest in food safety and security, and the expected continuation of elevated raw material prices and fuel costs mean that difficult operating conditions are expected to continue.」
The wording has changed from stronger consumer efforts to protect their livelihoods against a worsening income environment and inflation to an explicit reference to declining consumer willingness to spend due to continuing price increases. - FY2023ReframedAnnual report
「Amid a worsening income environment due to declining corporate earnings and inflation caused by soaring prices, consumers' focus on protecting their livelihoods has strengthened further」
The wording has become more specific, moving from “concerns over higher prices” to stronger consumer efforts to protect their livelihoods against a worsening income environment and inflation. - FY2023-Q3SoftenedAnnual report
「The prolonged situation in Ukraine, high fuel and raw material prices, and the rapid depreciation of the yen, among other factors, also continue,」
The direct reference to the previous quarter's “concerns over the resulting rise in prices” has been removed, with the focus placed on the situation in Ukraine, soaring prices and the continued depreciation of the yen. - FY2023-Q2RestatedAnnual report
「Concerns over soaring energy and raw material prices due to the rapid depreciation of the yen and the prolonged Russian invasion of Ukraine, along with the resulting rise in prices」
Concerns over higher prices arising from the weaker yen, the prolonged war, and soaring energy and raw material prices continue to be described, as in the previous quarter. - FY2023-Q1First statedAnnual report
「Concerns over soaring energy and raw material prices due to the rapid depreciation of the yen and the prolonged Russian invasion of Ukraine, along with the resulting rise in prices」
Concerns over higher prices arising from the weaker yen, the prolonged war, and soaring energy and raw material prices were explicitly identified for the first time as a new macroeconomic concern.