Impact on Earnings from Fluctuations in Livestock-Based Raw Materials
First written in FY2018. 3 of 7 entries say "Mitigated", first in FY2019. Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 95 of 131 companies on the "Worse" side.
22 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings presentation
「The operating margin is declining due to higher beef raw material prices, but the price revision has been implemented and incorporated into the plan, so the result is expected to be within the plan.」
The company recognizes the decline in margin caused by higher beef raw material prices, but considers the impact to be within the plan following the implementation of price revisions. - FY2026MitigatedAnnual report
「Price revisions are one measure to mitigate the impact, but we have consistently maintained thorough cost controls at our plants, in sales and at headquarters, while pursuing innovation to improve production efficiency at our plants.」
It reaffirms the policy of addressing the impact of fluctuations in livestock-related raw materials on earnings through price revisions, company-wide cost controls and production efficiency improvements. - 2026-05-13WorsenedEarnings presentation
「We expect lower profit due to a decline in the operating margin caused by higher beef raw material prices.」
The company has specified the earnings impact of livestock-based raw material price fluctuations, including higher beef raw material prices and an expected decline in profit. - FY2022RestatedAnnual report
「Price revisions are one measure to mitigate the impact, but we have consistently maintained thorough cost controls at our plants, in sales and at headquarters, while pursuing innovation to improve production efficiency at our plants.」
It reaffirms the policy of addressing the impact of fluctuations in livestock-related raw materials on earnings through price revisions, company-wide cost controls and production efficiency improvements. - FY2021RestatedAnnual report
「Price revisions are one measure to mitigate the impact, but we have consistently maintained thorough cost controls at our plants, in sales and at headquarters, while pursuing innovation to improve production efficiency at our plants.」
It reaffirms the policy of addressing the impact of fluctuations in livestock-related raw materials on earnings through price revisions, company-wide cost controls and production efficiency improvements. - FY2019MitigatedAnnual report
「Price revisions are one measure to mitigate the impact, but we have consistently maintained thorough cost controls at our plants, in sales and at headquarters, while pursuing innovation to improve production efficiency at our plants.」
It explicitly identifies price revisions, company-wide cost controls and innovation to improve production efficiency as measures to address the risk of earnings being affected by fluctuations in livestock-related raw materials. - FY2018First statedAnnual report
「Amid strong demand for natural extracts, fluctuations in livestock-related raw materials are a factor affecting earnings.」
For the first time, it explicitly identifies fluctuations in livestock-related raw materials as a factor affecting earnings, as a risk relating to raw material costs.