Intensifying Sales Competition
First written in FY2017-Q1. 6 of 12 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2020.
Ishii Food moved to the "Worse" side of this theme in 2017.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「National-brand meatball products performed steadily, but sales of low-priced private-label products declined.」
Sales of low-priced private-label products continued to decline, with the impact of price competition continuing to be reported. - FY2020-Q3WorsenedAnnual report
「Sales continued to decline, particularly for private-label products such as meatballs and hamburgers, resulting in difficult conditions.」
The impact of competition from low-priced private-label products has appeared in continued sales declines. - FY2020-Q2WorsenedAnnual report
「In processed meat products, sales of national-brand products in the core meatball and hamburger categories sold through the mass-retail channel were about the same as in the previous year, but sales of low-priced private-label products declined substantially due to price competition.」
Sales of low-priced private-label products continued to decline due to price competition, with the impact of sales competition reflected in actual results. - FY2020-Q1WorsenedAnnual report
「Meanwhile, sales of standard products continued to decline, particularly for private-label products, resulting in difficult conditions.」
The impact of competition from low-priced private-label products has continued to appear in declining sales of standard products. - FY2019WorsenedAnnual report
「In the hamburger category, sales of "1.5x Chicken Hamburgers" and "Chicken Hamburgers" declined due to price competition, particularly at major supermarket chains.」
Price competition has materialized in declining sales of core hamburger products, and the impact of sales competition has continued to intensify. - FY2019-Q3WorsenedAnnual report
「Sales of the meatball category remained broadly at the previous year's level, but sales in the hamburger category declined amid intense price competition.」
The intensity of price competition has continued to materialize in declining sales in the hamburger category. - FY2019-Q2WorsenedAnnual report
「In processed meat products, sales of low-priced private-label products in the core meatball category declined by approximately 1%, while the national-brand products maintained sales at about the previous year's level through in-store activities centered on proposals for recipe variations. In the hamburger category, sales of "1.5x Chicken Hamburgers" and "Chicken Hamburgers" declined substantially, mainly at major supermarket chains, due to price competition.」
In addition to lower sales of low-priced private-label products, sales of core hamburger products declined substantially due to price competition. - FY2018MaterialisedAnnual report
「For private-label products, the Company emphasized that they are prepared using simple ingredients, and sales chains and the number of stores carrying them increased. However, affected by price competition, sales were about the same as in the previous year.」
For low-priced private-label products, sales and price competition continued to constrain sales growth over the full fiscal year. - FY2018-Q3RestatedAnnual report
「In processed meat products, low-priced private-label products declined somewhat, although」
The Company continues to report that low-priced private-label products are declining under the impact of price competition. - FY2018-Q2MaterialisedAnnual report
「Among the core meatball products, sales of low-priced private-label products declined due to the impact of price competition.」
Sales competition has materialized in the form of declining sales of low-priced private-label products. - FY2017RestatedAnnual report
「However, low-priced private-label products struggled to grow, as price competition caused sales fluctuations and customers tended to shift their purchases to national-brand products, with some stores recording lower sales.」
Competition from low-priced private-label products and the shift in purchases toward national brands continue to be identified as issues in the sales environment. - FY2017-Q1First statedAnnual 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.」
For the first time, the Company explicitly identified intensifying sales competition, alongside persistently high raw-material costs, as a difficult business environment during the quarter.