Komori
Seihyo (2872) · RiskMaterialised

Risks to Sales Opportunities and Prices from Changes in the Distribution Structure and Competition

First written in FY2017. 11 of 22 entries say "Restated". Latest entry: 2026-10-14.

22entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2019-Q3MaterialisedFY2022 – FY2023-Q1MaterialisedFY2024 – 2026-10-142017: 120172018: 320182019: 420192020: 220202021: 320212022: 320222023: 120232024: 120242025: 120252026: 32026
Same theme, other companies
Declining Market Advantage Due to Shifts in Purchasing Channels and Intensifying CompetitionA theme 10 companies write about · 10 as a headwind · 0 as a tailwind

Seihyo moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).

2 other companies' latest entry also says "Materialised".

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. 2026-10-14MaterialisedEarnings presentation materials

    「While affected by the shift by some customers to direct transactions with manufacturers amid changes in the distribution structure, foodservice products for hotels and restaurants performed well as tourism demand in Sado recovered.」

    The shift to direct transactions with manufacturers continues to change the distribution structure, while the recovery in tourism demand in Sado supported the purchasing and resale business.
  2. FY2026MaterialisedAnnual report

    「Revenue in the purchasing and sales segment was ¥676 million, up 0.6% year on year. Although it was affected by the shift by some customers to direct transactions with manufacturers as the distribution structure changed, foodservice products for hotels and restaurants performed well as tourism demand in Sado recovered.」

    Although the impact of changes in the distribution structure resulting from the shift to direct transactions with manufacturers continued, revenue in the purchasing and sales segment rose 0.6% year on year as tourism demand in Sado recovered.
  3. 2026-04-10MaterialisedEarnings presentation materials

    「This was affected by the shift by some customers to direct transactions with manufacturers amid recent changes in the distribution structure.」

    The shift to direct transactions with manufacturers affected sales in the purchasing and resale business, while foodservice products performed well as tourism demand in Sado recovered.
  4. FY2025MaterialisedAnnual report

    「Revenue in the purchasing and sales segment for the fiscal year was ¥672 million, down 1.3% year on year. This was despite strong sales of foodservice products for hotels and restaurants as tourism demand recovered, because some customers changed their sourcing routes to direct transactions with manufacturers and other arrangements.」

    Continued changes in customers’ sourcing routes resulted in revenue of ¥672 million in the purchasing and sales segment, down 1.3% year on year.
  5. FY2024MaterialisedAnnual report

    「Revenue in the purchasing and sales segment for the fiscal year was ¥681 million, down 2.9% year on year. This was despite strong sales of foodservice products for hotels and restaurants as tourism demand recovered, because some customers changed their sourcing routes to direct transactions with manufacturers and other arrangements.」

    Continued changes in customers’ sourcing routes resulted in a 2.9% year-on-year decline in revenue in the purchasing and sales segment.
  6. FY2024-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  7. FY2023-Q1MaterialisedAnnual report

    「In the core ice cream segment, new customer development for private-label products and expanded sales to existing customers remained solid, but OEM orders declined from the previous year and the adoption of the accounting standard for revenue recognition resulted in revenue of ¥900 million.」

    The company states that OEM orders declined year on year in the first quarter, reflecting the customer-specific and other factors affecting OEM supply.
  8. FY2022MaterialisedAnnual report

    「Net sales in the purchasing and resale segment for the fiscal year were ¥815 million, down 7.6% year on year. The main factors were the decline in outings following the declaration of a state of emergency, changes in behavior resulting from the adoption of a new lifestyle, and customers such as mass-market food retailers changing their procurement routes to direct transactions with manufacturers and other arrangements.」

    Continued changes in customers’ sourcing routes and changes in their behavior led to a 7.6% year-on-year decline in revenue in the purchasing and sales segment.
  9. FY2022-Q3RestatedAnnual report

    「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  10. FY2022-Q1RestatedAnnual report

    「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  11. FY2021MaterialisedAnnual report

    「Net sales in the purchasing and resale segment for the fiscal year were ¥882 million, down 16.2% year on year. The main factors were the decline in outings following the declaration of a state of emergency, changes in behavior resulting from the adoption of a new lifestyle, and customers such as mass-market food retailers changing their procurement routes to direct transactions with manufacturers and other arrangements.」

    Continued changes in customers’ procurement routes, combined with reduced outings and changes in behavior, resulted in a 16.2% year-on-year decline in net sales in the purchasing and resale segment.
  12. FY2021-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  13. FY2020MaterialisedAnnual report

    「Net sales in the purchasing and resale segment for the fiscal year were ¥1,052 million, down 4.3% year on year. The main reason for the decline was that, although purchasing and resale of ice cream during the summer remained flat, customers such as mass-market food retailers changed their procurement routes for frozen foods to direct transactions with manufacturers and other arrangements.」

    Changes in customers’ procurement routes continued, resulting in a 4.3% year-on-year decline in net sales in the purchasing and resale segment.
  14. FY2020-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company continues to state that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  15. FY2020-Q2RestatedAnnual report

    「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company continues to state that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  16. FY2020-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company continues to state that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  17. FY2019MaterialisedAnnual report

    「Net sales in the purchasing and resale segment for the fiscal year were ¥1,100 million, down 5.7% year on year. The main reason for the decline was that, although purchasing and resale of ice cream during the summer performed well, customers such as mass-market food retailers changed their procurement routes for frozen foods to direct transactions with manufacturers and other arrangements.」

    Changes in customers’ procurement routes actually occurred, resulting in lower purchasing and resale of frozen foods and a 5.7% year-on-year decline in net sales in the purchasing and resale segment.
  18. FY2019-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  19. FY2019-Q2RestatedAnnual report

    「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  20. FY2019-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  21. FY2018-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk of lost sales opportunities and pricing pressure due to changes in distribution structures and competition.
  22. FY2017First statedAnnual report

    「However, changes in the business conditions or sales policies of companies in these industries or of certain specific companies could result in lost sales opportunities or affect selling prices.」

    The company identifies as risks the loss of sales opportunities and price effects resulting from changes in the business conditions and sales policies of wholesalers, retailers and specific companies.
Moved together

"Enhancing Corporate Value and Achieving Sustainable Growth Through Medium-Term Management Plans" moved the same way as this thread, in the same document, in 5 of its 22 moves.

555443★123456
  1. ★This thread
  2. 1Enhancing Corporate Value and Achieving Sustainable Growth Through Medium-Term Management Plans5×
  3. 2Operating Profit, Ordinary Profit and Quarterly Net Profit Turn Profitable5×
  4. 3Transforming the company into one capable of securing profits on a continuous basis5×
  5. 4Cash Generated from Operating Activities and Increase in Cash and Cash Equivalents4×
  6. 5Increase in Transportation Expenses and Storage Fees During Peak Season4×
  7. 6Escalating Raw Material Prices and Worsening Labor Shortages3×

★ 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
No upcoming earnings preview for Seihyo yet. It last moved in the Earnings presentation materials of 2026-10-14: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risks to Sales Opportunities and Prices from Changes in the Distribution Structure and Competition | SEIHYO CO.,LTD. (2872) | Komori