Changing demand for seasonal and New Year products and pressure to differentiate
First written in FY2019-Q3. 8 of 17 entries say "Worsened", first in FY2019. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「Sales increased mainly for products designed to meet specific needs, including single-serving osechi to meet demand for individual portions and ensure hygiene when serving, osechi made without the 8 specified allergenic ingredients for people with food allergies, and osechi with no added salt.」
By offering products such as single-serving portions, products made without the 8 specified allergenic ingredients and products with no added salt, the company addressed changing demand and pressure to differentiate in New Year dishes, increasing sales. - FY2026-H1WorsenedAnnual report
「In the prepared-foods category, the prolonged extremely hot weather and late summer heat led to delays in the sales season, particularly for chestnut rice, which had previously been centered on September, and sales declined.」
The shift in the sales season for seasonal products caused by the prolonged extremely hot weather and late summer heat appeared as lower revenue from prepared foods, particularly chestnut rice. - FY2025WorsenedAnnual report
「For New Year dishes, we offered products suited to various lifestyles, including osechi designed for people with allergies, health-conscious osechi and single-serving osechi. Although B2C sales through our e-commerce site grew, overall sales of New Year dishes declined due to the impact of price increases resulting from higher raw material and labor costs.」
Although the company adapted its products to diverse lifestyles and e-commerce sales grew, higher prices resulting from increased raw material and labor costs caused sales of New Year dishes to decline to 94.6% of the year-earlier period. - FY2024WorsenedAnnual report
「For New Year dishes, the company expanded its offerings amid further diversification of lifestyles during the year-end and New Year holidays, from three-tier boxed products designed to be enjoyed by groups to individual-serving boxed osechi such as “Geishun Kobako” and individual products such as chestnut paste and black beans. However, price increases resulting from higher costs led sales to decline 10.4% year on year.」
Although the company expanded its offerings of individual-serving and individual products, price increases resulting from higher costs led sales of New Year dishes to decline to 89.6% of the year-earlier period. - FY2024-Q3WorsenedAnnual report
「Meanwhile, although we sought to respond to the diversification of lifestyles during the year-end and New Year holidays, sales of New Year dishes declined due to price increases resulting from higher costs. New Year dishes 299,541 4.2 264,649 3.3 △34,891 88.4」
Although the company sought to respond to the diversification of lifestyles, price increases resulting from higher costs led sales of New Year dishes to decline to 88.4% of the year-earlier period. - FY2023MitigatedAnnual report
「For New Year dishes, as lifestyles continued to diversify during the year-end and New Year holidays, the first in 3 years without restrictions on activities, the company expanded its offerings from three-tier boxed products designed to be enjoyed by groups to individual-serving boxed osechi such as “Geishun Kobako,” as well as individual products such as chestnut paste and black beans. As a result, sales increased 0.9% year on year.」
By expanding into individual-serving boxed osechi and individual products, the company responded to changes in demand and lifestyles, and sales of New Year dishes were 100.9% of the year-earlier period. - FY2023-Q3WorsenedAnnual report
「Although sales of New Year dishes declined during the year-end and New Year holidays, the first in 3 years without restrictions on activities, individual-serving boxed osechi and regional products such as ozoni soup base remained strong as lifestyles during the holidays continued to diversify.」
Sales of New Year dishes as a whole declined during the year-end and New Year holidays without restrictions on activities, with changing demand once again reflected in results. Meanwhile, individual-serving boxed osechi and ozoni soup base remained strong. - FY2022MitigatedAnnual report
「For New Year dishes, production increased as a result of rebuilding the production system to avoid the 3 Cs. We also sold individual-serving boxed osechi such as “Geishun Kobako,” designed for people refraining from going out and returning home during the year-end and New Year holidays because of the COVID-19 pandemic. As a result, sales increased 29.6% year on year.」
Sales of New Year dishes increased 29.6% year on year after the company rebuilt its production system following the previous year's production cuts and specification changes and introduced individual-serving products. - FY2022-Q3MitigatedAnnual report
「For New Year dishes, production of boxed osechi was reduced in the previous period to avoid the 3 Cs in the manufacturing workplace, but this period we rebuilt our production system and increased sales by offering individual-serving boxed osechi and other products suited to people refraining from going out and returning home during the year-end and New Year holidays because of the COVID-19 pandemic.」
The company rebuilt its production system after reducing production the previous year and increased sales of New Year dishes by offering individual-serving products, addressing factors behind the decline in sales. - FY2021RestatedAnnual report
「For New Year dishes, production of boxed osechi was reduced and refrigerated osechi was changed to individually packaged and frozen products to avoid the 3 Cs in the manufacturing workplace. As a result, sales were 52.7% of the year-earlier period.」
Demand and the sales environment for New Year dishes remained challenging, and sales were 52.7% of the year-earlier period as reduced production and specification changes resulting from infection-prevention measures also had an impact. - FY2021-Q3WorsenedAnnual report
「For New Year dishes, as stated in the revisions to the earnings forecast announced on 29 October 2020, production of boxed osechi was reduced and specifications were changed to avoid the 3 Cs in the manufacturing workplace as an infection-prevention measure, resulting in lower sales.」
Sales of New Year dishes declined to 52.6% of the year-earlier period due to reduced production and specification changes for boxed osechi to avoid the 3 Cs in the manufacturing workplace. - FY2020RestatedAnnual report
「In the New Year’s food market, price competition intensified due to diversifying consumer lifestyles and market saturation among participating companies. The company’s sales of New Year’s foods also declined as sales through mass retailers decreased.」
The company has continued to describe how changes in lifestyles, market saturation among companies entering the New Year dishes market and price competition have led to lower sales at mass retailers. - FY2020-Q3WorsenedAnnual report
「In the New Year’s food market, price competition intensified due to diversifying consumer lifestyles and market saturation among participating companies. The company’s sales of New Year’s foods also declined as sales through mass retailers decreased.」
Market saturation and intensifying price competition among companies entering the New Year dishes market materialized as lower sales at mass retailers and lower revenue from New Year dishes. - FY2019WorsenedAnnual report
「As a result, sales of New Year dishes were 54.7% of the year-earlier period.」
For New Year dishes, sales declined to 54.7% of the year-earlier period after the company narrowed product volumes and sales channels against a backdrop of changing demand, pressure to differentiate, the use of domestic ingredients and clearer indication of production regions, labor shortages and logistics conditions. - FY2019-Q3First statedAnnual report
「Demand for osechi New Year dishes as a whole has declined, and products lacking differentiation in their contents, ingredients or serving sizes are being eliminated from the market.」
The company identifies declining overall demand for osechi New Year dishes and the elimination of products that cannot be differentiated by contents, ingredients or serving sizes as new market pressures in the food industry.