Impact of Weak Private Consumption and Surging Raw Material Prices
First written in FY2016-Q3. 15 of 30 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-08-14.
Yokorei moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 8 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「The food industry remains challenging, owing to soaring raw material prices and increasingly cautious consumer spending in response to price increases.」
The company’s previous risk assessment, citing soaring raw material prices and consumers’ increasingly cautious spending, remains unchanged. - FY2025-H1RestatedAnnual report
「In addition to surging raw material prices and rising labor and logistics costs, consumers’ growing preference for economy in response to price increases」
Rising raw material prices, labor costs and logistics costs, together with consumers’ preference for economy amid price increases, continue to be identified as factors contributing to the challenging environment surrounding the food-related business. - FY2024-Q2ReframedAnnual report
「The economic environment remains uncertain, with concerns over downside risks including higher prices caused by surging import prices resulting from the weaker yen, the end of the zero-interest-rate policy and volatility in financial markets.」
In addition to the previously cited price increases, preference for economy and higher costs in the food industry, surging import prices caused by the weaker yen and monetary policy and market volatility were identified as downside factors for the economic environment. - FY2023RestatedAnnual report
「In the food-related industries in which our group operates, the operating environment remains challenging due to surging energy prices and logistics costs, as well as consumers’ growing preference for economy amid a succession of price increases.」
Surging energy prices and logistics costs, together with consumers’ preference for economy amid price increases, continue to make the environment for the food-related industries challenging. - FY2023-Q3RestatedAnnual report
「In the food industry in which our company operates, the operating environment remains challenging, as rising prices have heightened consumers’ desire to protect their household finances and preference for economy, making an improvement in consumer sentiment unlikely.」
Rising prices have continued to heighten consumers’ desire to protect their household finances and preference for economy, while an improvement in consumer sentiment remains unlikely. - FY2023-Q2RestatedAnnual report
「In the food industry in which our company operates, the operating environment remains challenging, as an improvement in consumer sentiment is unlikely in the near term due to a succession of price increases.」
The difficulty of improving consumer sentiment amid a succession of price increases, together with the challenging environment in the food industry, continues. - FY2023-Q1WorsenedAnnual report
「In the food industry in which our company operates, repeated price increases created challenging conditions that weakened consumers’ spending sentiment.」
In the food industry, repeated price increases were shown to be weakening consumers’ spending sentiment, and the demand environment remains challenging. - FY2022WorsenedAnnual report
「In the food-related industries in which our group operates, the operating environment remains challenging due to surging energy prices and logistics costs, as well as consumers’ growing preference for economy amid a series of price increases.」
Surging energy prices and logistics costs, together with consumers’ growing preference for economy amid a series of price increases, were explicitly identified as factors contributing to the challenging environment in the food-related industries. - FY2022-Q3WorsenedAnnual report
「In the food industry in which our company operates, the surge in prices for raw materials such as flour and fats and oils, compounded by the effects of the weaker yen, has created a challenging operating environment.」
The surge in prices for raw materials such as flour and fats and oils, compounded by the weaker yen, has further worsened the cost environment in the food industry. The surge in raw material prices and the weaker yen were described as actual changes in the operating environment. - FY2022-Q2WorsenedAnnual report
「In the food industry in which our company operates, restaurants were significantly affected, particularly by the prolonged application of priority preventive measures, while higher prices for raw materials such as flour and fats and oils, as well as higher energy prices, have created a challenging operating environment.」
As the impact of the pandemic on restaurants has persisted, higher prices for raw materials such as flour and fats and oils, together with higher energy prices, were explicitly identified as new burdens in the food industry. - FY2022-Q1WorsenedAnnual report
「In the food industry in which our company operates, food prices have risen and logistics disruptions caused by a shortage of shipping containers continue. The food service industry also remains in a challenging situation, affected by shortened business hours and voluntary restraint on alcohol sales in response to requests from local authorities.」
The challenging environment in the food industry has become more pronounced with rising food prices and logistics disruptions, while the food service industry continues to be affected by shortened business hours and voluntary restraint on alcohol sales. - FY2021WorsenedAnnual report
「The food-related industries in which our group operates were significantly affected by the COVID-19 pandemic. While demand for prepared meals and delivery increased, restaurants continued to shorten their business hours, suspend operations and stop serving alcoholic beverages as the areas covered by the emergency declaration and priority preventive measures expanded and the applicable periods were extended, leaving no clear prospect of recovery.」
Although demand for prepared meals and delivery increased in the food-related industries, the demand environment remained challenging due to restaurants shortening their business hours, suspending operations and other factors. - FY2021-Q3WorsenedAnnual report
「In the food industry in which our company operates, extremely challenging conditions continue due to the extension and reissuance of the emergency declaration.」
The demand environment in the food industry remains extremely challenging due to the extension and reissuance of the emergency declaration. - FY2021-Q2WorsenedAnnual report
「In the food industry in which our company operates, the emergency declaration was reissued in January 2021, and extremely challenging conditions continue.」
The demand environment in the food industry was described as remaining challenging following the reissuance of the emergency declaration in January 2021. - FY2021-Q1WorsenedAnnual report
「In the food industry in which our company operates, the impact of COVID-19 has been particularly significant on the food service industry, and conditions remain challenging due to factors including the suspension of the GO TO campaign program.」
The weakness of personal consumption and food demand continued to be reflected in the challenging conditions affecting the food service industry as a result of the pandemic and the suspension of the GO TO campaign. - FY2020-Q3WorsenedAnnual report
「The emergency declaration issued in April forced restaurants in the food service industry to suspend operations or shorten their business hours. Even after the declaration was lifted in June, recovery remained slow, and conditions continued to be extremely uncertain.」
The weakness of personal consumption and food demand became more concrete in the form of restaurants suspending operations or shortening business hours, followed by a slow recovery even after the declaration was lifted. - FY2020-Q2WorsenedAnnual report
「In the food sales industry in which our company operates, conditions remain challenging, including weak consumer sentiment following the October consumption tax increase, higher labor and logistics costs resulting from labor shortages, and sluggish cargo movements caused by the spread of COVID-19.」
In addition to weak consumer sentiment following the consumption tax increase and higher labor and logistics costs, the slowdown in cargo movements caused by the spread of COVID-19 was explicitly identified. - FY2020-Q1WorsenedAnnual report
「As efforts to pass higher raw material and labor costs on to selling prices continue, consumer sentiment has weakened following the consumption tax increase implemented in October 2019, and the operating environment remains challenging.」
In addition to rising raw material and labor costs, the weakening of consumer sentiment following the consumption tax increase was explicitly identified, broadening the factors contributing to the challenging environment for the food sales business. - FY2019WorsenedAnnual report
「In the food-related industries in which our group operates, procurement costs and labor and logistics costs have risen, while the consumption tax was increased in October 2019, and personal consumption trends remain difficult to predict.」
In addition to the previously cited increases in raw material, labor and logistics costs, the consumption tax increase and uncertainty surrounding personal consumption were explicitly identified, broadening the factors contributing to the challenging environment in the food-related industries. - FY2019-Q1ReframedAnnual report
「In the food-related industries in which our group operates, the business environment remains challenging, with households’ preference for economy continuing to be deeply rooted, alongside rising labor costs and surging raw material costs.」
The challenging conditions in the food-related industries were explicitly attributed not only to households’ preference for economy but also to rising labor costs and surging raw material costs. - FY2018ReframedAnnual report
「In the food-related industries in which our group operates, companies remain cautious about raising prices in response to households’ growing preference for economy, and the business environment remains challenging.」
The challenging conditions in the food-related industries are presented in terms of concerns over personal consumption and consumers’ preference for economy, as well as companies’ cautious stance on price increases. - FY2018-Q3ReframedAnnual report
「In the food-related industries in which our group operates, the business environment remains challenging amid a severe labor market caused by labor shortages, compounded by households’ continued preference for economy.」
While personal consumption is recovering across the economy, concerns on the demand side of the food-related industries are reflected in households’ preference for economy. - FY2018-Q2WorsenedAnnual report
「The difficult business environment has continued, partly because households have become more inclined to economize.」
The previous concern over personal consumption and consumers’ preference for low prices was described as a growing tendency among households to economize. - FY2018-Q1WorsenedAnnual report
「In the food-related industry in which the Group operates, profitability improved as manufacturers and retailers raised prices, but the difficult business environment continued due to soaring raw material costs and higher logistics costs.」
While profitability improved as a result of price increases, soaring raw material costs were explicitly identified, highlighting the cost pressures facing the food-related industry. - FY2017MitigatedAnnual report
「Personal consumption, which had lagged behind, finally began to show greater resilience.」
The full-year report also expressed the view that personal consumption was becoming more resilient despite its previous weakness. - FY2017-Q3MitigatedAnnual report
「Personal consumption, which had lagged behind, finally began to show greater resilience.」
The previous concern over weak personal consumption was eased for the time being as consumption was said to be showing greater resilience. - FY2017-Q2RestatedAnnual report
「However, personal consumption remained weak」
The weakness of personal consumption continued to be identified as a concern for the economic environment. - FY2017-Q1ReframedAnnual report
「In the food-related industry in which the Group operates, price increases by manufacturers and retailers had largely run their course, but the difficult business environment continued due to the yen's depreciation and higher logistics costs.」
The difficult environment in the food-related industry is attributed to the completion of the main round of price increases, the yen's depreciation and higher logistics costs. - FY2016RestatedAnnual report
「In the food-related industry, profitability improved as higher raw material prices were increasingly passed through to prices and the yen appreciated. However, consumer sentiment increasingly favored low prices, and the business environment remained difficult.」
The description states that the pass-through of soaring raw material prices to prices progressed, while consumers continued to favor lower prices. - FY2016-Q3MaterialisedAnnual report
「Although price revisions associated with soaring raw material prices had largely run their course and profitability improved, personal consumption remained weak.」
While price revisions in response to soaring raw material prices had largely run their course, the weakness of personal consumption continued.