Rising Raw Material Prices, Supply Uncertainty and Foreign Exchange Fluctuations
First written in FY2016. 12 of 31 entries say "Restated". Latest entry: 2026-08-10.
Ishii Food moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 47 of 66 companies on the "Worse" side.
27 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In terms of costs, raw material prices have continued to trend upward, including as a result of a poor onion harvest caused by extreme summer heat.」
The poor onion harvest caused by extreme heat and the upward trend in raw material prices materialized as procurement and cost conditions during the fiscal year. - FY2026-H1RestatedAnnual report
「Resource, energy and logistics costs were temporarily contained, partly because of the impact of government measures to address soaring prices. However, the underlying trend of elevated prices has continued, and the operating environment remains challenging.」
Although government measures to address soaring prices provided temporary relief, the Company is reaffirming the continued elevation of resource and energy costs, logistics costs and other expenses. - FY2025WorsenedAnnual report
「In the prepared foods business, sales declined 11.2% year on year as production of the "Takikomi Gohan no Moto Kuri Gohan Series" was reduced because chestnuts were a poor harvest due to adverse weather conditions and could not be procured as planned, in addition to the reduction in production resulting from the consolidation of production sites to improve the profitability of burdock salad.」
A poor chestnut harvest and procurement shortfalls caused by adverse weather conditions actually occurred, leading to reduced production of the chestnut rice series and lower prepared foods sales. - FY2025-H1RestatedAnnual report
「However, the continued depreciation of the yen and the real decline in wages and pensions caused by inflation resulting from higher resource and energy prices have affected personal consumption. Together with consumers' stronger preference for saving and low-priced products in the food industry, these factors have left the outlook uncertain.」
The Company continues to describe an uncertain operating environment resulting from yen depreciation, higher resource and energy prices, inflation, and consumers' preference for saving and low-priced products. - FY2024RestatedAnnual report
「In addition to continued high resource and material prices and elevated energy prices against the backdrop of the prolonged situation in Ukraine and related developments, the outlook remains uncertain amid rising prices and concerns about the economic impact of exchange-rate fluctuations.」
The Company continues to describe uncertainty in the external environment related to resource and material prices, energy, inflation and exchange rates. - FY2024-Q3WorsenedAnnual report
「In addition to continued high resource and material prices and elevated energy prices against the backdrop of the prolonged situation in Ukraine and increasing tensions in the Middle East, the outlook remains uncertain amid rising prices, exchange-rate fluctuations and concerns about the economic impact of global monetary tightening.」
In addition to the previously cited situation in Ukraine and surging resource and energy prices, the Company describes increasing uncertainty in the external environment due to heightened tensions in the Middle East and concerns about the economic impact of global monetary tightening. - FY2024-Q2MitigatedAnnual report
「Although water, utilities and fuel costs remained high, they declined because unit prices turned lower year on year and the company worked to reduce consumption.」
Although resource and energy prices have remained elevated, the burden of utilities and fuel costs declined to some extent because of lower unit prices and reduced usage. - FY2024-Q1RestatedAnnual report
「In addition to continued high resource and material prices and elevated energy prices against the backdrop of the prolonged situation in Ukraine, the outlook remains uncertain amid the impact of rising prices and exchange-rate fluctuations, as well as concerns about the economic impact of global monetary tightening.」
The Company continues to describe the challenging environment surrounding resource and material prices, energy prices, inflation and exchange-rate fluctuations, along with concerns about the economic impact of monetary tightening. - FY2023WorsenedAnnual report
「The operating environment surrounding the food industry remains uncertain, owing in part to the prolonged impact of the COVID-19 pandemic, surging resource prices resulting from the destabilization of the international situation surrounding Ukraine, and the rapid depreciation of the yen. In addition, the surge in raw material and energy prices progressed further, resulting in an extremely challenging operating environment.」
In addition to higher raw material and energy prices, uncertainty related to resource prices, the yen's rapid depreciation and the situation in Ukraine has persisted, and the Company is again describing the challenging environment. - FY2023-Q3WorsenedAnnual report
「In the food industry, surging raw material and energy prices progressed further, resulting in an extremely challenging operating environment.」
The surge in raw material and energy prices progressed further, reaffirming an extremely challenging environment in which cost-increase risks persist. - FY2023-Q2WorsenedAnnual report
「However, in addition to the surge in rapeseed oil prices that began in the previous fiscal year, prices for wheat, oil and natural gas rose amid the international situation, while the yen weakened, increasing the costs of packaging materials, breadcrumbs, logistics and energy. Manufacturing costs consequently increased beyond what the measures described above could absorb.」
Cost-increase factors expanded from rapeseed oil to wheat, oil and natural gas, packaging materials, breadcrumbs, logistics and energy, ultimately emerging as higher manufacturing costs that could not be absorbed through cost-reduction measures alone. - FY2023-Q1WorsenedAnnual report
「In addition to the surge in rapeseed oil prices that began in the previous fiscal year, prices for wheat, oil and natural gas rose amid the international situation, while the yen weakened, increasing the costs of packaging materials, breadcrumbs, logistics and energy. Unexpectedly high onion prices resulting from supply concerns caused by poor harvests and other factors compounded these pressures, increasing manufacturing costs.」
The range of cost increases and supply concerns expanded from rapeseed oil to wheat, oil and natural gas, packaging materials, breadcrumbs, logistics, energy and onions, ultimately emerging as higher manufacturing costs. - FY2022WorsenedAnnual report
「The operating environment surrounding the food industry became increasingly challenging. While the prolonged impact of the COVID-19 pandemic continued to make the outlook uncertain, changes in customers' food-related lifestyles and consumption patterns were accompanied by sharp increases in the prices of raw materials such as rapeseed oil and fuel costs toward the second half of the fiscal year. There are also concerns about the impact of further increases in resource prices resulting from the destabilization of the international situation surrounding Ukraine.」
In addition to higher raw material prices and fuel costs, concerns about further increases in resource prices resulting from the situation in Ukraine have broadened the range of cost-increase risks. - FY2022-Q3RestatedAnnual report
「In addition, the surge in prices for raw materials such as rapeseed oil, along with increases in fuel and packaging material costs resulting from higher crude oil prices, has left the operating environment challenging.」
In addition to higher prices for raw materials such as rapeseed oil, the Company is reaffirming the challenging environment in which fuel and packaging material costs, driven by higher crude oil prices, continue to rise. - FY2022-Q2WorsenedAnnual report
「In addition, the surge in prices for raw materials such as rapeseed oil, along with increases in utilities, fuel and packaging material costs resulting from higher crude oil prices, has left the operating environment challenging.」
In addition to higher raw material prices, increases in utilities, fuel and packaging material costs stemming from crude oil prices have emerged, broadening the range of cost-increase factors. - FY2022-Q1MaterialisedAnnual report
「The company is facing challenging operating conditions that require a response to sharp increases in the prices of raw materials, including rapeseed oil.」
The surge in raw material prices, including rapeseed oil, has materialized as a business condition in the first quarter. - FY2021RestatedAnnual report
「The volume of these raw materials that can be procured may be affected by market changes caused by external factors such as quality deterioration due to unfavorable weather, radioactive contamination, pesticide contamination, water pollution and avian influenza. Imported raw materials may also be affected by currency fluctuations. Accordingly, we have taken measures including using multiple suppliers for the raw materials we use, but higher raw material prices may affect the Group's operating results and financial position.」
The company continues to disclose risks related to the quality, supply volume and prices of raw materials, including weather, contamination, disease and currency fluctuations, as well as its response of using multiple suppliers. - FY2020-Q2MaterialisedAnnual report
「Natural disasters, including typhoons, also had a major impact on agricultural products and daily life.」
The company explains that natural disasters such as typhoons had a major impact on agricultural products, and that external risks affecting raw material supplies have actually materialized. - FY2019MaterialisedAnnual report
「The Group's products use carefully selected raw materials with clear traceability. The volume of these raw materials that can be procured may be affected by market changes caused by external factors such as quality deterioration due to unfavorable weather, radioactive contamination, pesticide contamination, water pollution and avian influenza. Imported raw materials may also be affected by currency fluctuations.」
The company continues to disclose risks related to the quality, supply volume and prices of raw materials, including weather, contamination, disease and currency fluctuations. During the fiscal year, natural disasters and other events also affected procurement and production. - FY2019-Q2MaterialisedAnnual report
「Some regions suffered typhoon damage affecting the harvest of chestnuts, one of our main raw materials, but we took steps including strengthening procurement from other regions.」
Typhoon damage actually reduced the harvest of chestnuts, a major raw material. The company also describes its response of strengthening procurement from other regions. - FY2018RestatedAnnual report
「The volume of these raw materials that can be procured may be affected by market changes caused by external factors such as quality deterioration due to unfavorable weather, radioactive contamination, pesticide contamination, water pollution and avian influenza. Imported raw materials may also be affected by currency fluctuations.」
The company continues to disclose risks related to the quality, supply volume and prices of raw materials, including weather, contamination, disease and currency fluctuations. - FY2018-Q2MaterialisedAnnual report
「Burdock, the main ingredient in the company's core product, burdock salad, was of poor quality due to a poor harvest, and its price rose sharply. As a result, sales declined because the company curtailed promotional activities.」
Adverse weather and poor harvests caused deterioration in the quality of key raw materials and sharp price increases, leading to reduced promotional activities and lower sales. - FY2017RestatedAnnual report
「The Group procures its major raw materials, packaging materials and other items from companies outside the Group. Consequently, if these suppliers are unable to supply the raw materials required by the Group as scheduled due to disasters or other causes, production delays, lost sales opportunities and other issues may arise, potentially affecting the Group's operating results and financial position.」
In addition to raw material price inflation and currency fluctuations, the company explicitly identifies the risk that disasters or other events affecting suppliers could interrupt supplies of raw materials and packaging materials. - FY2017-Q3RestatedAnnual report
「In particular, burdock, one of the company's main raw materials, faced shortages due to unfavorable weather, but we worked to procure high-quality agricultural products.」
The company explains that shortages of burdock, one of its main raw materials, have continued due to unfavorable weather. - FY2017-Q2MaterialisedAnnual report
「In particular, onions and burdock, the company's main raw materials, faced shortages due to unfavorable weather, but we worked to procure high-quality agricultural products.」
The company explains that shortages of onions and burdock, its main raw materials, actually occurred due to unfavorable weather. - FY2017-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the environment surrounding the company remained challenging due to persistently high raw material prices and intensifying competition in sales.」
The company explains that raw material prices have remained persistently high. - FY2016MaterialisedAnnual report
「The weak yen and persistently high raw material costs caused by unfavorable weather affected cost burdens.」
Higher and persistently elevated raw material prices actually resulted in an increase in cost of sales during the period. The company also describes diversifying its supplier base.