Intensifying Sales Competition and Consumers’ Preference for Low Prices
First written in FY2016. 12 of 22 entries say "Restated". Latest entry: FY2024-Q3.
Toyo Suisan moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 12 of 21 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment premised on intense sales competition. - FY2023-Q3RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to respond to a business environment premised on intense sales competition through cost reductions and proactive sales activities. - FY2023-Q2RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to respond to a business environment premised on intense sales competition through cost reductions and proactive sales activities. - FY2022RestatedAnnual report
「In addition, across the food industry, unit prices remain volatile and sales competition is becoming increasingly intense.」
The company continues to identify fluctuations in product unit prices and intensifying sales competition as business-environment risks. - FY2022-Q3RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment characterized by intense sales competition and to respond through cost reductions and proactive sales activities. - FY2022-Q2RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment characterized by intense sales competition and to respond through cost reductions and proactive sales activities. - FY2022-Q1RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment characterized by intense sales competition and to respond through cost reductions and proactive sales activities. - FY2021RestatedAnnual report
「Across the food industry, unit prices remain volatile and sales competition is becoming increasingly intense.」
The company continues to identify fluctuations in product unit prices and intensifying sales competition as business-environment risks. - FY2021-Q3RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment characterized by intense sales competition and to respond through cost reductions and proactive sales activities. - FY2021-Q2RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to recognize a business environment characterized by intense sales competition and to respond through cost reductions and proactive sales activities. - FY2020-Q3WorsenedAnnual report
「The marine food business made efforts to sell at appropriate prices to convenience stores and mass retailers amid the effects of market fluctuations in core products such as salmon, trout, and roe, as well as higher prices for nearshore fish in Japan and overseas due to poor catches. However, sales volume declined amid intensifying competition. As a result, net sales were ¥22,966 million, down 0.7% year on year, and the business posted a segment loss of ¥209 million, compared with segment profit of ¥251 million in the same quarter of the previous year.」
Lower sales volume due to intensifying competition continued, resulting in a 0.7% year-on-year decline in revenue and a segment loss of ¥209 million in the marine food business. - FY2020-Q2MaterialisedAnnual report
「The marine food business made efforts to sell at appropriate prices to convenience stores and mass retailers amid the effects of market fluctuations in core products such as salmon, trout, and roe, as well as higher prices for nearshore fish in Japan and overseas due to poor catches. However, sales volume declined amid intensifying competition. As a result, net sales were ¥14,927 million, down 2.8% year on year, and the business posted a segment loss of ¥31 million, compared with segment profit of ¥159 million in the same quarter of the previous year.」
Intensifying competition continued to manifest itself in lower sales volume in the marine food business. Net sales fell 2.8% year on year, and the business posted a segment loss of ¥31 million. - FY2020-Q1MaterialisedAnnual report
「The marine food business made efforts to sell at appropriate prices to convenience stores and mass retailers amid the effects of market fluctuations in core products such as salmon, trout, and roe, as well as higher prices for nearshore fish in Japan and overseas due to poor catches. However, sales volume declined amid intensifying competition. As a result, net sales were ¥7,396 million, down 6.0% year on year, and segment profit was ¥20 million, down 78.8% year on year.」
Intensifying sales competition continued to manifest itself in lower sales volume in the marine food business. Net sales fell 6.0% year on year, and segment profit fell 78.8%. - FY2019MaterialisedAnnual report
「The marine food business made efforts to sell at appropriate prices amid continued increases in market prices for core products such as salmon and trout and higher prices for nearshore fish in Japan and overseas due to poor catches. However, sales volume declined amid intensifying competition. As a result, net sales were ¥29,998 million, down 6.3% year on year.」
Intensifying competition was reflected in the results as lower sales volume, and net sales in the marine food business fell 6.3% year on year. - FY2019-Q3RestatedAnnual report
「Against this backdrop, under the corporate slogan “Smiles for All. Everything for smiles.”, our Group has regarded “contributing to society through food” and “providing customers with safe, reliable food products and services” as its responsibilities and has pursued these objectives. To respond to intense sales competition, we have also promoted further cost reductions and proactive sales activities.」
The company continues to respond to a business environment characterized by ongoing intense sales competition through cost reductions and proactive sales activities. - FY2018-Q2WorsenedAnnual report
「As conditions surrounding the marine food business became increasingly challenging due to lower catches and intensifying competition in the domestic market, the company strengthened sales efforts to each business partner and implemented an appropriate procurement policy. Sales remained strong, particularly for roe and salmon and trout products with strong product appeal, resulting in higher revenue.」
The company stated that conditions surrounding the marine food business were becoming increasingly challenging due to lower catches and intensifying competition in the domestic market. Meanwhile, revenue increased as a result of stronger sales efforts and its procurement policy. - FY2018-Q1WorsenedAnnual report
「As conditions surrounding the marine food business became increasingly challenging due to lower catches and intensifying competition in the domestic market, the salmon and trout business strengthened sales efforts targeting convenience stores and mass retailers, resulting in higher revenue.」
The company stated that conditions surrounding the marine food business were becoming increasingly challenging due to lower catches and intensifying competition in the domestic market. Meanwhile, the business generated higher revenue through stronger sales efforts. - FY2017MaterialisedAnnual report
「In the marine food business, net sales were ¥31,413 million, down 5.0% year on year, due to the impact of lower catches and intensifying competition in the domestic market, including sales to convenience stores.」
Intensifying competition was reflected in the full-year results as lower revenue in the marine food business. The company also reported lower revenue from frozen foods due to intensifying sales competition. - FY2017-Q3WorsenedAnnual report
「Among chilled and frozen foods, sales increased for core products such as shumai and wontons, while sales of frozen foods declined as competition intensified. As a result, net sales were ¥51,379 million, down 0.6% year on year.」
The company explicitly identified intensifying sales competition in frozen foods within the low-temperature foods business, and this was reflected in the results as a decline in revenue. - FY2017-Q2RestatedAnnual report
「In the marine food business, sales to convenience stores declined due to intensifying competition, while the company prioritized sales focused on profitability. As a result, net sales were ¥15,539 million, down 7.1% year on year.」
Intensifying sales competition continued to manifest itself in lower sales to convenience stores, and net sales in the marine food business fell 7.1% year on year. - FY2017-Q1MaterialisedAnnual report
「In the marine food business, sales to convenience stores declined due to intensifying competition, while the company prioritized sales focused on profitability. As a result, net sales were ¥7,884 million, down 5.9% year on year.」
Intensifying sales competition actually manifested itself in lower sales to convenience stores, and net sales in the marine food business fell 5.9% year on year. - FY2016First statedAnnual report
「Across the food industry, unit prices remain volatile and sales competition is becoming increasingly intense.」
The company indicates that fluctuations in product unit prices, sales competition, sluggish income growth, and weak consumer sentiment could affect its financial results.