Risks of higher seafood and rice prices, reduced supply, and food safety
First written in FY2016. 20 of 32 entries say "Restated". Latest entry: FY2027-H1.
Choushimaru moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 23 of 32 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Meanwhile, uncertainty about the outlook remains, including persistently high resource prices and concerns about their impact on supply amid heightened tensions in the Middle East, continued higher interest rates and yen depreciation, and weakening consumer sentiment due to prolonged inflation.」
We continue to note uncertainty in the external environment, including resource prices and supply conditions, interest rates and foreign exchange, and weaker consumer sentiment due to inflation. - 2026-09-17RestatedRevision of earnings forecasts
「Following a review of the impact of higher raw-material prices and other factors, we will revise the full-year earnings forecast for the fiscal year ending February 2027.」
The impact of higher raw-material prices and other factors continues to be considered a reason for revising the full-year earnings forecast. - FY2026RestatedAnnual report
「For key items, particularly tuna, substantial fluctuations in market prices are considered possible depending on global conditions, foreign exchange rates and catch volumes.」
It continues to describe price fluctuation, shortage and safety risks for key ingredients caused by global conditions, foreign exchange rates and catch volumes, as well as responses through long-term contracts and diversified procurement channels. - 2026-04-13RestatedEarnings
「In the food-service industry, price revisions in response to inflation became widespread, and the industry as a whole remained firm. At the same time, the operating environment remains challenging, with continued increases in raw material and energy prices, labor shortages, rising personnel expenses, and declines in real wages due to higher prices.」
The company continues to cite risks from higher raw material and energy prices and from supply and labor costs. - FY2026-H1RestatedAnnual report
「Soaring raw material and energy prices, labor shortages and higher labor costs」
It continues to describe cost and supply-side risks resulting from soaring raw material and energy prices, labor shortages and higher labor costs. - FY2025RestatedAnnual report
「For key items, particularly tuna, substantial fluctuations in market prices are considered possible depending on global conditions, foreign exchange rates and catch volumes.」
It continues to describe price fluctuations for key ingredients caused by global conditions, foreign exchange rates and catch volumes, as well as responses through long-term contracts and diversified procurement channels. - FY2025-H1RestatedAnnual report
「Soaring raw material and energy prices, labor shortages and higher labor costs」
It continues to describe cost increases, including soaring raw material and energy prices, as important business environment factors. - FY2024WorsenedAnnual report
「For key items, particularly tuna, substantial fluctuations in market prices are considered possible depending on global conditions, foreign exchange rates and catch volumes.」
Regarding ingredient price and supply risks, it explicitly identifies global conditions and foreign exchange rates, in addition to catch volumes and rising prices, as factors causing fluctuations. - FY2024-Q2RestatedAnnual report
「The impact of soaring raw material and resource costs resulting from the yen's depreciation, persistently high energy prices and chronic labor shortages became apparent, and uncertain conditions continued.」
It states that cost and supply-side risks, including raw material and resource costs, energy prices and labor shortages, continue to be apparent. - FY2024-Q1RestatedAnnual report
「Price revisions have continued across the industry against a backdrop of rising raw material, energy and logistics costs since the previous year.」
It reconfirms that raw material, energy and logistics costs continue to rise and that price revisions continue across the industry. - FY2023WorsenedAnnual report
「Cost of sales was ¥8,176 million, up ¥1,109 million from the previous fiscal year, or up 15.7% year on year, and the cost-of-sales ratio was 42.3%, up 0.8 percentage points from 41.5% in the previous fiscal year. This resulted from soaring prices for imported ingredients and higher prices for supplementary ingredients such as cooking oil and commercial-grade flour.」
It states that higher prices for imported and supplementary ingredients actually pushed the cost-of-sales ratio up by 0.8 percentage points and contributed to the increase in cost of sales. - FY2023-Q3WorsenedAnnual report
「In terms of profit, while raw material and logistics costs, utility costs, repair and consumables expenses associated with proactive large-scale renovations and planned repairs to aging equipment, advertising and sales promotion expenses associated with ordinary business activities, and outsourcing expenses related to DX initiatives all increased」
In addition to the existing increases in raw material and logistics costs, the range of expense items rising has expanded to include utility costs, repair and consumables expenses, advertising and sales promotion expenses, and DX-related outsourcing expenses. - FY2023-Q2WorsenedAnnual report
「As various costs rose, including those for imported ingredients, supplementary ingredients, packaging materials and logistics」
In addition to higher ingredient prices, it expands the range of cost items described as rising to include packaging materials and logistics costs. - FY2023-Q1WorsenedAnnual report
「In terms of profit, operating profit was ¥12 million, down 46.3% year on year, due to higher raw material and logistics costs, soaring utility costs, and increases in repair and consumables expenses associated with proactive large-scale renovations and planned repairs to aging equipment.」
In addition to raw material and logistics costs, it specifically identifies higher utility, repair and consumables expenses as factors behind the decline in operating profit. - FY2022MaterialisedAnnual report
「Cost of sales was ¥7,067 million, down ¥150 million from the previous fiscal year, or down 2.1% year on year, and the cost-of-sales ratio was 41.5%, up 0.9 percentage points from 40.6% in the previous fiscal year. This resulted from soaring prices for imported ingredients and higher prices for supplementary ingredients such as cooking oil and commercial-grade flour.」
It states that higher prices for imported and supplementary ingredients actually contributed to the increase in the cost-of-sales ratio. - FY2022-Q3WorsenedAnnual report
「As various costs rose, including those for imported ingredients and supplementary ingredients such as cooking oil and commercial-grade flour」
Regarding the existing risk of rising ingredient prices, it adds specific items experiencing price increases, including imported ingredients, cooking oil and commercial-grade flour. - FY2020RestatedAnnual report
「In particular, tuna catches have been trending downward worldwide, and continued increases in market prices are considered possible.」
It continues to describe the risks of declining tuna catches and rising prices, and risks related to seafood supply and safety, as well as responses through long-term contracts and diversified procurement channels. - FY2020-Q3RestatedAnnual report
「In the dining-out industry as well, the upward trend in food ingredient prices」
It continues to describe the upward trend in food ingredient prices as a business environment risk. - FY2020-Q2RestatedAnnual report
「In the dining-out industry as well, the upward trend in food ingredient prices」
It continues to describe the upward trend in food ingredient prices as a business environment risk. - FY2020-Q1RestatedAnnual report
「In the dining-out industry as well, in addition to consumers' preference for saving, the upward trend in food ingredient prices」
It continues to describe the upward trend in food ingredient prices as a business environment risk. - FY2019RestatedAnnual report
「With respect to tuna procurement, the Company intends to reduce the risk of higher purchase prices and shortages by entering into long-term fixed-price contracts and diversifying its procurement channels, among other measures. However, there is no guarantee that these measures will necessarily produce the expected results.」
It continues to describe fluctuations in the prices of seafood, rice and other items, declining supply, the risks of declining tuna catches and rising prices, and the measures taken in response. - FY2019-Q3RestatedAnnual report
「In the dining-out industry, in addition to consumers' preference for saving, the upward trend in food ingredient prices」
It continues to describe the upward trend in food ingredient prices as a business environment risk. - FY2019-Q2RestatedAnnual report
「In the dining-out industry, in addition to consumers' preference for saving, the upward trend in food ingredient prices」
It continues to describe the upward trend in food ingredient prices as a business environment risk. - FY2019-Q1RestatedAnnual report
「In the dining-out industry, in addition to consumers' preference for saving, the upward trend in food ingredient prices」
The upward trend in food ingredient prices continues to be described as a business environment risk. - FY2018WorsenedAnnual report
「In recent years, outbreaks of anisakiasis and other food poisoning believed to be associated with the effects of global warming have been trending upward. Although the Company has implemented more rigorous quality controls than before, any problem concerning the safety of food ingredients it handles, particularly seafood, could affect its business results.」
In addition to the existing risks related to ingredient prices and supply, it newly specifies the increasing incidence of anisakiasis and other food poisoning and the food safety risks associated with seafood. - FY2018-Q3RestatedAnnual report
「The upward trend in purchase prices continues unabated amid a broad-based sense of shortages of food ingredients.」
It states that shortages of food ingredients and the upward trend in purchase prices have continued. - FY2018-Q2WorsenedAnnual report
「The upward trend in purchase prices continues unabated amid a broad-based sense of shortages of food ingredients.」
It explicitly identifies continuing shortages of food ingredients and the upward trend in purchase prices as factors that could affect business results. - FY2018-Q1RestatedAnnual report
「In the dining-out industry, the upward trend in purchase prices has continued unabated amid a broad-based sense of shortages of food ingredients, while securing personnel amid tight labor supply and demand has become a serious challenge, and the operating environment has remained difficult.」
It states that shortages of food ingredients and the upward trend in purchase prices have continued. - FY2017WorsenedAnnual report
「In particular, tuna catches have been trending downward worldwide, and continued increases in market prices are considered possible. With respect to tuna procurement, the Company intends to reduce the risk of higher purchase prices and shortages by entering into long-term fixed-price contracts and diversifying its procurement channels, among other measures. However, there is no guarantee that these measures will necessarily produce the expected results.」
In addition to the existing risks related to ingredient prices and supply, it specifically describes the possibility of declining tuna catches worldwide and rising prices. - FY2017-Q3RestatedAnnual report
「The upward trend in purchase prices continues unabated amid a broad-based sense of shortages of food ingredients.」
It continues to describe shortages of food ingredients and the upward trend in purchase prices, as in the previous quarter. - FY2017-Q2WorsenedAnnual report
「The upward trend in purchase prices continues unabated amid a broad-based sense of shortages of food ingredients.」
It states that shortages of food ingredients and the upward trend in purchase prices have continued. - FY2016First statedAnnual report
「If market price fluctuations cause changes in the Company's purchase prices for ingredients such as seafood and rice, or if the substantial decline in market distribution volumes results in shortages of standard items, this could affect the Company's business results.」
Regarding tuna in particular, it anticipates declining catches and rising market prices and refers to long-term fixed-price contracts and diversification of procurement channels.