Price increases for some products in response to higher raw-material prices and other costs
First written in FY2023-Q3. 3 of 8 entries say "Softened", first in FY2024-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 2 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2025Implemented further price increases for some productsAnnual report
「Average spending per customer has been trending higher year on year, partly because of price increases for some in-house-manufactured products implemented in September and October 2024.」
The company states that, following the price-reduction trend that began in December 2023, it again raised prices for some in-house-manufactured products in September and October 2024. - FY2025-H1SoftenedAnnual report
「Compared with the same period of the previous year, before the product price reductions implemented from December 2023, average spending per customer is also recovering toward the same level, partly because customers are purchasing more items.」
The company explained that it has shifted from its previous policy of price increases to pricing management based on the reductions implemented from December 2023, and that average spending per customer is recovering toward the pre-reduction level. - FY2024SoftenedAnnual report
「In response to the growing number of customer comments regarding product price increases, we reduced the prices of 149 best-selling 久世福商品 and サンクゼール products and 240 MeKEL products between December 2023 and February 2024.」
The company is shifting from a policy of price increases driven by higher raw material prices and other factors toward a large-scale price reduction initiative in response to customer reactions. - FY2024-Q3SoftenedAnnual report
「To mitigate the increased burden on customers caused by the recent rise in food prices, the company reduced the selling prices of 48 best-selling products from “久世福商店” and “サンクゼール” on 7 December 2023.」
While we continued to raise prices in response to raw material prices, we reduced the prices of 48 products this time to ease the burden on customers. - FY2024-Q2AdvancedAnnual report
「We raised selling prices in September 2022, the second quarter of the previous consolidated fiscal year, and continued to raise them thereafter in line with raw material price trends, resulting in an increase of 8.5% year on year.」
Continued price increases in response to raw material prices resulted in an 8.5% year-on-year increase in average spending per customer at existing stores. - FY2024-Q1RestatedAnnual report
「We raised selling prices in September 2022, the second quarter of the previous consolidated fiscal year, and continued to raise them thereafter in line with raw material price trends, resulting in」
The company explained that it has continued to raise prices in response to raw material price trends. - FY2023Increased frequency and scope of price increasesAnnual report
「We were forced to raise product prices 3 times, in September and December 2022 and March 2023, and some products had to be repriced multiple times.」
In addition to the previous price increases in September and December, prices were also raised in March 2023, resulting in multiple price increases for some products. - FY2023-Q3First statedAnnual report
「We were forced to raise the prices of some products in September and December.」
We revised the prices of some products in September and December 2022 against a backdrop of higher resource and raw material prices and the weaker yen.