Dependence on domestic sales and natural and man-made disasters
First written in FY2016. 9 of 24 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2024.
KENKO Mayonnaise moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Consumption of services such as dining out and travel recovered as COVID-19 was reclassified to Category 5.」
Restrictions on dining out and services consumption due to infectious diseases relatively diminished with the reclassification to Category 5, and demand for dining out and inbound demand recovered. - FY2023MitigatedAnnual report
「From fiscal 2023 onward, restrictions on social and economic activity caused by COVID-19 are expected to be largely eliminated, and the economy is expected to recover on domestic demand and inbound tourism.」
Restrictions on eating out and domestic demand due to infectious diseases have been largely eliminated, and the explanation has shifted to one expecting a recovery in domestic and inbound demand. - FY2023-Q2MitigatedAnnual report
「Net sales increased year on year as sales recovered, particularly in the food-service sector, following the lifting of restrictions on activity such as restaurant closures and reduced operating hours, as the number of COVID-19 cases recently declined, and as we expanded sales mainly in the fast-food sector.」
Sales recovered, particularly in the food-service sector, following the lifting of restrictions on activity and the decline in the number of infections, resulting in higher revenue year on year. The impact of the domestic demand decline risk has relatively diminished. - FY2022MitigatedAnnual report
「Although sales were affected by restaurant closures, reduced operating hours and other stricter restrictions on activity, including bans on serving alcoholic beverages, to prevent the spread of COVID-19, the impact remained limited compared with the previous consolidated fiscal year. Revenue increased year on year due to continued strong sales to fast-food customers and price revisions for mayonnaise products and other items.」
Although declining demand due to restrictions on activity remained, the impact was less pronounced than in the previous year, and full-year revenue increased due to sales to fast-food customers and price revisions. - FY2022-Q3MitigatedAnnual report
「Net sales recovered to the level of the same quarter two years earlier, before the impact of COVID-19, as sales to fast-food customers remained strong and sales, particularly in the food-service sector, recovered after October, when restrictions on activity were lifted.」
Sales in the food-service sector recovered after restrictions on activity were lifted, returning to pre-infectious-disease levels. The impact of the domestic demand decline risk has relatively diminished. - FY2022-Q2MitigatedAnnual report
「Although sales were affected by restaurant closures, reduced operating hours and other stricter restrictions on activity, including bans on serving alcoholic beverages, to prevent the spread of COVID-19, the impact was limited compared with the same quarter of the previous year. As sales recovered in the food-service sector and elsewhere, and as we expanded sales mainly to fast-food customers, revenue increased year on year.」
Although declining demand due to closures and reduced operating hours remained, the impact of infectious diseases was limited compared with the previous year, and recovery in the food-service sector and elsewhere resulted in higher revenue year on year. - FY2021MaterialisedAnnual report
「Consolidated net sales were ¥68,502 million, down ¥5,978 million, or 8.0%, from the previous consolidated fiscal year; consolidated operating profit was ¥1,976 million, down ¥923 million, or 31.9%; and consolidated ordinary profit was ¥2,050 million, down ¥952 million, or 31.7%.」
Declining demand for eating out and food for consumption away from home due to infectious diseases was reflected in lower full-year revenue and profit. - FY2021-Q3MaterialisedAnnual report
「Net sales had been recovering since the state of emergency was lifted in the Tokyo metropolitan area and Hokkaido on 25 May 2020, but the spread of infections from November, referred to as the “third wave,” caused the recovery to stagnate again recently.」
Declining demand caused by restraint on going out and social gatherings in Japan and the renewed spread of infections was reflected in a stagnation of the net sales recovery in the third quarter. - FY2021-Q2MaterialisedAnnual report
「Net sales declined year on year. As restaurants and commercial facilities that had been closed or operating reduced hours moved toward normalizing their operating hours, and as we pursued sales proposals suited to the new lifestyle, the decline narrowed compared with the first quarter of the current fiscal year, but sales remained lower than in the same quarter of the previous year.」
Declining demand caused by restaurant and commercial facility closures and reduced operating hours continued, and consolidated net sales for the first half declined 11.2% year on year. - FY2021-Q1MaterialisedAnnual report
「Sales declined substantially in the food-service sector as restaurants and commercial facilities closed or reduced operating hours to prevent the spread of COVID-19. The company worked to secure sales mainly in the ready-to-eat market, including convenience stores and mass retailers, but overall revenue declined.」
Declining demand caused by closures of restaurants and commercial facilities in Japan was reflected in actual revenue declines, with consolidated net sales down 15.1% year on year. - FY2020MaterialisedAnnual report
「However, the sharp decline in foreign visitors to Japan, restraint on travel and going out, and event cancellations reduced opportunities to purchase food for consumption away from home as well as demand in the food-service industry, while working from home also reduced such purchasing opportunities, resulting in lower net sales.」
The risks of dependence on domestic sales and declining demand materialized as lower net sales, due to the decline in foreign visitors to Japan, restraint on going out, event cancellations and fewer opportunities to purchase food for consumption away from home as a result of working from home. - FY2020-Q3MaterialisedAnnual report
「Losses from disasters: ¥2 million」
A ¥2 million loss related to natural disasters was recognized as an extraordinary loss, meaning that the natural disaster risk also materialized during the 9-month period. - FY2020-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It is stated that no new risks or material changes have arisen concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2019MaterialisedAnnual report
「Losses from disasters: ¥22 million」
A ¥22 million loss related to natural disasters was recognized as an extraordinary loss, meaning that the natural disaster risk materialized during the full fiscal year. - FY2019-Q3MaterialisedAnnual report
「Net sales increased slightly, despite declines in salads and prepared foods and the impact of natural disasters, due to the operation of Diet Cook Shiraoi Co., Ltd. and the Kanagawa plant of Kanto Diet Cook Co., Ltd.」
The impact of natural disasters was reflected in net sales for the 9-month period, and a loss from disasters of ¥15 million was also recognized in the financial statements. - FY2019-Q2MaterialisedAnnual report
「Net sales increased slightly, despite declines in salads and prepared foods and the impact of natural disasters, due to the operation of Diet Cook Shiraoi Co., Ltd. and the Kanagawa plant of Kanto Diet Cook Co., Ltd.」
The impact of natural disasters was reflected in net sales, and a loss from disasters of ¥15 million was also recognized in the quarterly consolidated income statement. Operationally, the start-up of the new plant partly offset the impact. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is stated that no new risks or material changes have arisen concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no new occurrences or material changes concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2018-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It is stated that no new risks or material changes have arisen concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2017RestatedAnnual report
「As most of our Group's products are sold in Japan, business performance may be affected by a deterioration in domestic economic conditions and a contraction in market size, weakening sales at major customers or a decline in demand resulting from changes in their product policies, and reduced production capacity caused by natural disasters such as earthquakes or man-made disasters such as fires.」
Dependence on domestic sales, declining demand, and production capacity declines caused by natural and man-made disasters continue to be identified as risks. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes concerning dependence on domestic sales, declining demand, or natural and man-made disasters. - FY2016First statedAnnual report
「As most of our Group's products are sold in Japan, business performance may be affected by a deterioration in domestic economic conditions and a contraction in market size, weakening sales at major customers or a decline in demand resulting from changes in their product policies, and reduced production capacity caused by natural disasters such as earthquakes or man-made disasters such as fires.」
Dependence on domestic customers, changes in demand at major customers and disaster-related declines in production capacity at production sites are identified as risks.