Rising Raw Material Prices Due to Record Poor Catches of Domestic Japanese Flying Squid

「In addition to further increases in raw material prices, primarily for squid, higher energy prices, logistics costs and personnel expenses also weighed on results, and operating profit and ordinary profit declined.」

「いか原料を中心とする原材料価格の更なる値上がり影響に加え、エネルギー価格・物流費・人件費などの増加もあり、営業利益・経常利益は減益、親会社株主に帰属する当期純利益はわずかに減益となりました。」

「However, profit declined because the company was unable to fully offset the impact of soaring raw material prices, primarily for squid.」

「In response to the further impact of higher raw-material prices and increased costs such as power and fuel expenses, the Company worked across the group to increase sales, improve the product mix, revise the prices and contents of certain products, and control costs. As a result, profit increased from the same quarter of the previous year, and progress was also ahead of the profit plan for the second quarter of the current fiscal year on a cumulative consolidated basis.」

「In terms of profit, the sharp rise in raw material and energy prices, also affected by the rapid depreciation of the yen, which briefly reached the ¥150 range, was on a scale exceeding the previous consolidated fiscal year's operating profit. Although the company pursued further cost reductions, centered on reducing the use of fuel for power at its factories, based on cost control aimed at pursuing appropriate costs through the elimination of operational waste, and implemented various measures to secure profit, including specification changes and price revisions carried out 3 times in total since March 2022, operating profit, ordinary profit and profit attributable to owners of the parent all declined substantially.」

「Although prices for some raw materials remained elevated, profit increased as a result of measures including improving the product mix, the continued effect of specification changes for certain products implemented in the previous fiscal year, and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」

「In terms of profit, although the company has been responding sequentially to the poor catch of domestic flying squid and other factors that have continued since the second half of the fiscal year ended March 2017, profit was significantly affected during the period by higher raw material and transportation costs. However, the company achieved higher profit by implementing various measures, including profit growth accompanying higher sales, specification changes for certain products, an improved product mix, and cost control aimed at pursuing appropriate costs through the elimination of operational waste.」

「Although the Company has been addressing the poor catch of Japanese flying squid and other issues that have continued since the second half of the fiscal year ended March 2017, conditions worsened further during the current fiscal year, and profit was significantly affected by higher raw-material and transportation costs. Nevertheless, profit increased as a result of measures including changing the specifications of certain products and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」

「In terms of profit, although the company has been responding sequentially to the poor catch of domestic flying squid and other factors that have continued since the second half of the fiscal year ended March 2017, conditions deteriorated further during the period and profit was significantly affected by higher raw material and transportation costs. However, the company achieved higher profit by implementing various measures, including expanding sales, changing the specifications of certain products, and controlling costs by pursuing appropriate costs through the elimination of operational waste.」

「In terms of profit, although the company had been responding progressively to poor catches of domestically sourced flying squid and other factors that had continued since the second half of the fiscal year ended March 2017, conditions deteriorated further during the current fiscal year. Transportation cost increases and higher expenses associated with aggressive capital investment to improve production capacity also weighed on results. However, measures including expanding sales of high-value-added products tailored to customer needs and value-oriented products, changing specifications for some products, and controlling costs by eliminating operational waste and pursuing necessary costs led to higher operating profit and net income attributable to owners of the parent.」

「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」

「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」

「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」

「In terms of profit, although the record poor catches of domestically sourced flying squid that had continued since the second half of the fiscal year ended March 2017 deteriorated further, profit increased as a result of measures including expanding sales, improving the product mix through increased sales of high-value-added products, changing specifications for some products, and controlling costs by eliminating operational waste and pursuing necessary costs.」

「During the cumulative third quarter of the current consolidated fiscal year, the group continued to be significantly affected by higher raw material prices resulting from poor catches of domestically sourced flying squid and other factors since the second half of the fiscal year ended March 2017.」

「The group continued to be significantly affected in the current fiscal year by higher raw material prices resulting from poor catches of domestically sourced flying squid and other factors since the second half of the fiscal year ended March 2017.」

「However, since the second half of the fiscal year ended March 2017, conditions surrounding domestically sourced flying squid, for which catches had remained at record-low levels, deteriorated further. The effects of poor plum harvests and other factors also continued, and although the company took various measures, including changing product specifications, profit declined.」

「However, in terms of profit, conditions surrounding domestically sourced flying squid, for which catches had remained at record-low levels since the second half of the previous consolidated fiscal year, deteriorated further, while poor plum harvests and other factors also weighed on results. Although the company took various measures, including changing product specifications, profit declined significantly.」

「During the cumulative third quarter of the current consolidated fiscal year, the group actively introduced new products and promoted their market penetration. It also continued focusing on products suited to preferences in each area and implementing sales promotions, resulting in higher revenue. However, since the second half of the previous fiscal year, conditions surrounding domestically sourced flying squid, for which catches have remained at record-low levels, have deteriorated further. Although the group has taken various measures, this significantly reduced profit.」

「However, since the second half of the previous fiscal year, raw material prices have risen sharply as a result of record poor catches of domestically sourced flying squid, significantly reducing profit.」

「However, since the second half of the previous fiscal year, raw material prices have risen sharply as a result of record poor catches of domestically sourced flying squid, significantly reducing profit.」

「The change in the source of flying squid and the change in specifications for squid products, implemented from March 2017, progressed beyond expectations, and increased sales enabled the company to minimize the decline in profit.」

「However, raw material prices rose sharply as a result of record poor catches of domestically sourced flying squid, significantly reducing profit.」