Risks from Rising Raw Material Prices and Exchange Rate Fluctuations

「In the event of a major natural disaster such as an earthquake, typhoon or flood, severe damage to production areas and disruptions to the logistics network (supply chain) could cause serious food shortages and further price increases.」

「Meanwhile, the outlook for the economy remained uncertain due to the effects of uncertainty in international affairs, U.S. trade policy and fluctuations in foreign exchange rates.」

「Meanwhile, the economic outlook remains uncertain due to concerns about a slowdown in the Chinese economy, US policy trends, rising geopolitical risks, higher energy resource and raw material prices, and financial market volatility.」

「The raw materials purchased by the Group include items whose prices may rise, due to possible increases in food ingredient prices caused by surging vegetable prices resulting from adverse weather, the government's implementation of safeguards (emergency import restrictions), conflicts in various parts of the world, and sharp changes in supply and demand, as well as the effects of foreign exchange fluctuations.」

「Meanwhile, the economic outlook remains uncertain due to developments in the tense global situation, including conditions in Russia and Ukraine, higher energy resource and raw material prices resulting from the yen's depreciation, and financial and capital market volatility.」

「The economic outlook remains uncertain due to the prolonged Russian invasion of Ukraine, higher energy resource and raw material prices resulting from the yen's depreciation, and continued price increases.」

「Meanwhile, the economic outlook remains uncertain due to risks including higher energy resource and raw material prices resulting from the prolonged Russian invasion of Ukraine and foreign exchange fluctuations, as well as volatility in financial and capital markets resulting from policy interest rate revisions worldwide.」

「Meanwhile, the difficult operating environment continues, with higher raw material prices, utility costs and labour costs, as well as stronger consumer preferences for saving as rapid inflation takes hold.」

「Meanwhile, the economic outlook remains uncertain due to higher energy resource and raw material prices resulting from worsening conditions in Ukraine and the yen's depreciation, among other factors.」

「The costs of energy resources such as crude oil and raw materials have risen sharply, and further price increases are a concern given the outlook for a weaker yen」

「The raw materials purchased by the Group include items whose prices may rise, due to possible increases in food ingredient prices caused by surging vegetable prices resulting from adverse weather, the government's implementation of safeguards (emergency import restrictions), production instability caused by the novel coronavirus, and sharp changes in supply and demand, as well as the effects of foreign exchange fluctuations.」

「As a measure, we are promoting the diversification of procurement routes to ensure the procurement of safe and reliable raw materials.」

「Persistently high raw material prices and rising labour costs driven by chronic labour shortages」

「Persistently high raw material prices and higher labour costs driven by labour shortages」

「Persistently high raw material prices and higher labour costs driven by labour shortages」

「Persistently high raw material prices, rising energy costs, and higher labour costs driven by labour shortages」

「Persistently high raw material prices, rising energy costs, and higher labour costs driven by labour shortages」

「The raw materials purchased by the Group include items whose prices may rise, due to possible increases in food ingredient prices caused by surging vegetable prices resulting from adverse weather, the government's implementation of safeguards (emergency import restrictions), and sharp changes in supply and demand, as well as the effects of foreign exchange fluctuations.」

「In the food-service industry, although signs of a recovery in consumption have emerged, the difficult operating environment continues due to persistently high raw-material prices and rising labor costs against a backdrop of labor shortages.」

「In the food-service industry, although signs of a recovery in consumption have emerged, key costs such as raw materials and labor remain elevated, including surging vegetable prices due to adverse weather, and the difficult operating environment continues.」

「The raw materials purchased by the Group include items whose prices may rise, including food ingredients that may become more expensive and items affected by foreign exchange fluctuations.」