Food-related business revenue and profit declined due to lower sales of processed chicken products
First written in FY2018-Q1. 4 of 12 entries say "Restated". Latest entry: FY2027-H1.
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- FY2027-H1MitigatedAnnual report
「Net sales were ¥5.892 billion, up ¥111 million, or 1.9%, mainly due to an increase in the volume handled of processed chicken products and other items.」
The food ingredients-related business reversed its previous situation of declining sales and profit, which had been mainly due to a decrease in the volume handled of processed chicken products, with sales increasing 1.9% due to higher volumes handled. At the same time, operating profit fell 49.2% due to higher purchase prices. - FY2021WorsenedAnnual report
「Net sales were ¥14,994 million, down ¥1,289 million, or 7.9%, from the previous fiscal year, mainly due to declines in transaction volume for certain processed seafood and processed chicken products. In terms of earnings, in addition to the impact of lower sales, an inventory valuation loss was recorded, resulting in an operating loss of ¥757 million, compared with an operating loss of ¥216 million in the previous fiscal year.」
Lower sales volumes of processed chicken products continued, and the operating loss in the food ingredients business worsened from ¥216 million in the previous year to ¥757 million. - FY2021-Q3WorsenedAnnual report
「Net sales were ¥11,292 million, down ¥859 million, or 7.1%, year on year, mainly due to declines in transaction volume for certain processed seafood and processed chicken products. In terms of earnings, in addition to the impact of lower sales, an inventory valuation loss was recorded, resulting in an operating loss of ¥730 million, compared with an operating loss of ¥73 million in the same period of the previous year.」
Lower sales volumes of processed chicken products continued, together with the decline in processed seafood products, and the operating loss in the food ingredients business widened from ¥73 million in the same period of the previous year to ¥730 million. - FY2021-Q2WorsenedAnnual report
「Net sales were ¥7,395 million, down ¥1,033 million, or 12.3%, year on year, mainly due to declines in transaction volume for processed seafood and processed chicken products. In terms of earnings, in addition to the impact of lower sales, an inventory valuation loss was recorded, resulting in an operating loss of ¥658 million, compared with an operating loss of ¥87 million in the same period of the previous year.」
Lower sales volumes of processed chicken products continued, together with the decline in processed seafood products, and the operating loss in the food ingredients business worsened from ¥87 million in the same period of the previous year to ¥658 million. - FY2021-Q1WorsenedAnnual report
「Net sales were ¥3,362 million, down ¥603 million, or 15.2%, year on year, mainly due to declines in transaction volume for processed seafood and processed chicken products. In terms of earnings, in addition to the impact of lower sales, an inventory valuation loss was recorded, resulting in an operating loss of ¥181 million, compared with operating profit of ¥14 million in the same period of the previous year.」
Lower sales volumes of processed chicken products continued, together with the decline in processed seafood products, and the food ingredients business moved from operating profit in the same period of the previous year to an operating loss. - FY2020RestatedAnnual report
「Due in part to lower sales volumes of processed seafood and chicken products, revenue was ¥16.283 billion, down ¥1.172 billion, or 6.7%, year on year.」
For the full fiscal year, lower sales volumes of processed chicken products were again cited, together with the decline in processed seafood products, as a factor behind the decline in revenue in the food ingredients business. - FY2020-Q3RestatedAnnual report
「Due in part to lower sales volumes of processed seafood and chicken products, revenue was ¥12.151 billion, down ¥1.419 billion, or 10.5%, year on year.」
Lower sales volumes of processed chicken products continue to be cited, together with the decline in processed seafood products, as a factor behind the decline in revenue in the food ingredients business. - FY2020-Q2RestatedAnnual report
「Due in part to lower sales volumes of processed seafood and chicken products, revenue was ¥8.428 billion, down ¥605 million, or 6.7%, year on year.」
Lower sales volumes of processed chicken products continue to be cited, together with the decline in processed seafood products, as a factor behind the decline in revenue in the food ingredients business. - FY2020-Q1RestatedAnnual report
「Net sales were ¥3,965 million, down ¥339 million, or 7.9%, year on year, and operating profit was ¥14 million, down ¥24 million, or 63.1%, mainly due to declines in transaction volume for processed seafood and processed chicken products.」
Lower sales volumes of processed chicken products were again cited as a factor behind the decline in revenue and profit in the food ingredients business. Together with the decline in processed seafood products, revenue fell 7.9% and operating profit fell 63.1%. - FY2018-Q1First statedAnnual report
「Due in part to lower sales of processed chicken products, revenue was ¥6.072 billion, down ¥208 million, or 3.3%, year on year, and operating profit was ¥101 million, down ¥20 million, or 16.6%.」
The Company has, for the first time, explicitly stated that revenue and operating profit in the food ingredients business declined year on year, with lower sales of processed chicken products among the main factors.