Price Volatility for Cheese and Flour
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 95 of 131 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Cheese, the main ingredient in pizza, is sourced primarily through imports, and its price may fluctuate significantly due to heightened geopolitical risk, global supply-demand gaps and climate change, including droughts in overseas production areas. The price of flour, which accounts for a significant proportion of the raw materials used in our products, is also affected by international market conditions, including these factors.」
Continues to identify geopolitical risk, supply-demand gaps, climate change and market conditions as factors affecting fluctuations in cheese and flour prices. - FY2023RestatedAnnual report
「Cheese, the main ingredient in pizza, is sourced primarily through imports, and its price may fluctuate significantly due to heightened geopolitical risk, global supply-demand gaps and climate change, including droughts in overseas production areas. The price of flour, which accounts for a significant proportion of the raw materials used in our products, is also affected by international market conditions, including these factors.」
Continues to identify geopolitical risk, supply-demand gaps, climate change and market conditions as risks affecting fluctuations in cheese and flour prices. - FY2023-Q2RestatedAnnual report
「In the food and food service industries, under market conditions where consumers remain strongly value-conscious, profits continue to be squeezed by higher labor and logistics costs, while raw material prices are rising and the yen is depreciating further.」
Continues to describe persistently high raw material prices as part of the risk of fluctuations in raw material prices, including cheese and flour. - FY2023-Q1RestatedAnnual report
「Uncertainty about the outlook is increasing due to higher prices for a wide range of raw materials, supplies and crude oil, as well as the yen's rapid depreciation.」
Continues to describe the situation of persistently high raw material prices. No specific new factors have been added to the risk of raw material price fluctuations, including cheese and flour. - FY2022WorsenedAnnual report
「Cheese, the main ingredient in pizza, is sourced primarily through imports, and its price may fluctuate significantly due to heightened geopolitical risk, global supply-demand gaps and climate change, including droughts in overseas production areas. The price of flour, which accounts for a significant proportion of the raw materials used in our products, is also affected by international market conditions, including these factors. We seek to stabilize costs by collecting and analyzing market information and carefully considering the diversification of suppliers and the methods and timing of purchase contracts. However, price trends may have a significant impact on our financial results.」
Newly identifies geopolitical risk as a factor in raw material price fluctuations and states that cheese and flour prices may have a significant impact on financial results. Measures involving market analysis, supplier diversification and consideration of contract methods and timing remain in place. - FY2021MitigatedAnnual report
「We seek to stabilize costs by collecting and analyzing market information and carefully considering the diversification of suppliers and the methods and timing of purchase contracts. However, price trends may have a significant impact on our financial results.」
While continuing to recognize the risk of fluctuations in cheese and flour prices, specifies measures including market analysis, supplier diversification and consideration of contract methods and timing. - FY2020MitigatedAnnual report
「This was mainly due to stable raw material prices, stronger sales of high-value-added products in the food business, lower manufacturing costs resulting from improved production efficiency and other factors.」
States that raw material prices remained stable and that pressure on earnings from raw material price fluctuations did not emerge as a factor behind the decline in gross profit for the fiscal year. - FY2019RestatedAnnual report
「Natural cheese, the main ingredient in pizza, is sourced primarily through imports, and its price may fluctuate significantly due to climate change, including global supply-demand gaps and droughts in overseas production areas. In addition, the price of flour, which accounts for a significant proportion of the raw materials used in our products, has been linked to market prices since 2007 and is now affected by international market conditions.」
Continues to disclose the risk of fluctuations in raw material prices caused by international supply and demand for cheese and flour, climate change and market conditions. - FY2018MaterialisedAnnual report
「Gross profit for the fiscal year was ¥6,684 million, down 3.9% year on year. The gross profit margin was 39.6%, down 2.8 percentage points from the previous fiscal year. This was mainly due to higher costs resulting from increases in the cost of raw materials, energy and other items in the food business.」
States that higher costs resulting from increases in the cost of raw materials and other items led to lower gross profit and a 2.8-percentage-point decline in the gross profit margin. - FY2017RestatedAnnual report
「Natural cheese, the main ingredient in pizza, is sourced primarily through imports, and its price may fluctuate significantly due to climate change, including global supply-demand gaps and droughts in overseas production areas. In addition, the price of flour, which accounts for a significant proportion of the raw materials used in our products, has been linked to market prices since 2007 and is now affected by international market conditions.」
Continues to disclose the risk of price fluctuations caused by international supply and demand for cheese and flour, climate change and market conditions. - FY2016First statedAnnual report
「Prices may fluctuate sharply due to global supply-demand imbalances and climate change, including droughts in overseas production areas.」
For imported natural cheese and wheat flour whose prices are linked to market prices, the Company identifies price volatility arising from international supply and demand and climate change as a risk.