Divergence Between At-Home Consumption and Foodservice Demand
First written in FY2022-Q1. 9 of 11 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2023: 5 of 15 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The substantial recovery in volumes for restaurants, department stores and souvenir shops in tourist destinations helped the company secure solid operating results.」
The recovery in foot traffic and economic activity led to a recovery in foodservice logistics volumes, further narrowing the gap between at-home meal demand and foodservice demand. - FY2024-Q3MitigatedAnnual report
「Volumes for restaurants, department stores, station buildings and tourist destinations recovered substantially.」
The recovery in economic activity led to a substantial recovery in volumes for restaurants, department stores, station buildings and tourist destinations, further narrowing the gap between at-home meal demand and foodservice demand. - FY2024-Q2MitigatedAnnual report
「In terms of sales, logistics volumes for restaurants, department stores, station buildings and tourist destinations recovered substantially in the logistics business, the core of this business segment, as economic activity recovered.」
The recovery in economic activity led to a substantial recovery in logistics volumes for restaurants, department stores, station buildings and tourist destinations, further narrowing the gap between at-home meal demand and foodservice demand. - FY2024-Q1MitigatedAnnual report
「With the reclassification of COVID-19 as a Class 5 disease, foot traffic recovered and volumes handled for restaurants, station buildings and department stores increased.」
The recovery in foot traffic increased volumes handled for restaurants, station buildings and department stores, further narrowing the gap between at-home meal demand and foodservice demand. - FY2023MitigatedAnnual report
「Some recovery was seen as foot traffic resumed, and in addition to at-home meal demand, the company was required to respond to emerging changes in consumer preferences, including demand for convenience, ready-to-eat products and health-oriented offerings.」
The recovery in foodservice demand accompanying the resumption of foot traffic has narrowed the gap with at-home meal demand in part. However, the company continues to need to respond to changes in consumer preferences. - FY2023-Q3MitigatedAnnual report
「Following the end of restrictions on activities, volumes for restaurants, department stores and station buildings, particularly during the December holiday sales season, recovered significantly, resulting in higher sales.」
Following the end of restrictions on activities, volumes for restaurants, department stores and station buildings recovered, partly narrowing the gap between at-home meal demand and foodservice demand. However, Chinese prepared foods and noodle products declined as exceptional demand for at-home meals slowed. - FY2023-Q2MitigatedAnnual report
「In the food industry, foot traffic to department stores, restaurants and station buildings has recovered, while consumers in the retail market remain highly focused on protecting household finances amid price increases for various products. Together with the easing of exceptional demand for at-home meals, this has resulted in a challenging operating environment.」
Foot traffic to department stores, restaurants and station buildings has recovered, partly narrowing the gap between at-home meal demand and foodservice demand. However, the aftereffects of exceptional demand for at-home meals and consumers' focus on protecting household finances remain. - FY2023-Q1MitigatedAnnual report
「In the food industry, exceptional demand for at-home meals in the retail market has eased, while people have returned to office districts, department stores and restaurants. However, consumer efforts to protect household finances remain strong due to price increases on various products and measures to address COVID-19, resulting in a challenging operating environment.」
Exceptional demand for at-home meals has eased, while foot traffic to office districts, department stores and restaurants has recovered, partly narrowing the gap between at-home meal demand and foodservice demand. However, consumers remain highly focused on protecting household finances due to price increases and other factors. - FY2022-Q3MitigatedAnnual report
「In the food industry, although signs of recovery emerged in the foodservice market, including restaurants, raw material costs and various other costs are expected to rise simultaneously, and the operating environment remains challenging.」
The report states that signs of recovery have emerged in the foodservice market, partly mitigating the risk of divergence in demand. However, weakness in foodservice demand remains, as reflected in declining sales in the trading company division. - FY2022-Q2RestatedAnnual report
「In the retail market, demand for at-home meals remains firm, but the foodservice market, including restaurants, remains sluggish.」
This reconfirms the divergence in demand between firm at-home meal demand and weakness in the foodservice market. - FY2022-Q1First statedAnnual report
「In the retail market, demand for at-home meals remains firm, but the foodservice market, including restaurants, remains sluggish.」
This indicates a structural market risk in which demand in the foodservice market, including restaurants, remains weak despite firm demand for at-home meals.