Declining profitability due to soaring resource and raw material prices, yen depreciation, logistics disruptions and labor shortages
First written in FY2023-Q3. 8 of 14 entries say "Worsened", first in FY2023. Latest entry: 2026-08-04.
St.Cousair moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
49 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In particular, if the supply of naphtha, a raw material for petrochemical products, becomes constrained or its price rises sharply as geopolitical risks increase in the Middle East, higher raw material costs for packaging materials and other items and procurement delays could affect the Group's manufacturing and supply systems.」
In addition to the existing raw material price and foreign exchange risks, the company specifically identifies the impact on packaging materials of constrained naphtha supplies and higher naphtha prices resulting from conditions in the Middle East. - FY2026-H1RestatedAnnual report
「In the food manufacturing and food retail industries, food prices continue to rise against a backdrop of the weaker yen and higher raw material prices, and concerns over a slowdown in consumption caused by the growing financial burden on consumers mean that the outlook remains uncertain.」
The company continues to describe, without material changes, the uncertain earnings environment caused by the weaker yen, higher raw material prices and rising food prices. - FY2025WorsenedAnnual report
「Gross profit margin was 34.8%, down 2.0 percentage points from the previous fiscal year. This was mainly due to higher raw material prices and the impact of foreign exchange movements.」
Gross profit margin declined from 36.8% to 34.8% due to higher raw material prices and foreign exchange impacts, while operating income fell 35.2% from the previous fiscal year. - FY2025-H1WorsenedAnnual report
「In the food manufacturing and food retail industries, food prices continue to rise against a backdrop of the weaker yen and higher raw material prices, and concerns over a slowdown in consumption caused by the growing financial burden on consumers mean that the outlook remains uncertain.」
The earnings environment remains uncertain due to the weaker yen, higher raw material prices and rising food prices. Operating income for the interim period fell 68.5% year on year, while ordinary income fell 74.2%. - FY2024WorsenedAnnual report
「Gross profit margin was 36.8%, down 2.5 percentage points from the previous fiscal year.」
Gross profit margin declined due to price reductions, changes in channel mix and higher wholesale promotional expenses, among other factors, while operating income fell 19.4% from the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Operating income was ¥1,087,997 thousand, down 7.7% year on year, as the increase in net sales was offset by the decline in gross profit margin and other factors.」
Despite higher net sales, the decline in gross profit margin resulted in a 7.7% year-on-year decrease in operating income, showing the impact of pressure on profitability from higher costs and other factors. - FY2024-Q2RestatedAnnual report
「In the food manufacturing and food retail industries, food prices continue to rise against a backdrop of the weaker yen and higher raw material prices, while concerns over a slowdown in consumption caused by the growing financial burden on consumers mean that the outlook remains uncertain.」
The company continues to describe an uncertain earnings environment due to the weaker yen, higher raw material prices and ongoing food price increases. - FY2024-Q1RestatedAnnual report
「In the food manufacturing and food retail industries, food prices continue to rise against a backdrop of the weaker yen and higher raw material prices, while concerns over a slowdown in consumption caused by the growing financial burden on consumers mean that the outlook remains uncertain.」
The company continues to describe an uncertain earnings environment due to the weaker yen, higher raw material prices and ongoing food price increases. - FY2023WorsenedAnnual report
「Gross profit margin was 39.3%, down 1.5 percentage points from the previous fiscal year.」
Higher raw material and product procurement prices and the weaker yen, among other factors, actually reduced margins, quantifying the pressure on profitability associated with price increases. - FY2023-Q3First statedAnnual report
「In the food manufacturing and food retail industries, profitability across the sector continues to be pressured by higher procurement prices for raw materials and products resulting from higher resource prices and the weaker yen, disruptions in the supply chain related to imports and exports, and higher labor costs caused by labor shortages.」
The company identifies multiple cost-inflation and supply-constraint factors as risks that are actually reducing profitability.