Losses due to the burden of capital investment in the food business and deteriorating market conditions
First written in FY2021-Q3. 10 of 18 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「Sluggish sales in the food business and in China, together with prolonged increases in costs resulting from soaring raw material and fuel prices, have continued to cause difficulties in both sales and profitability.」
Weak sales in the Food business continued, resulting in revenue of ¥110 million and a segment loss of ¥96 million. In response, the company ended manufacturing and processing and is proceeding with its withdrawal from the business. - FY2026-H1WorsenedAnnual report
「Sluggish sales in the food business and in China, together with prolonged increases in costs resulting from soaring raw material and fuel prices, have continued to cause difficulties in both sales and profitability.」
Weak sales in the Food business continued, resulting in an 18.1% decline in revenue and a segment loss of ¥39 million. The company determined that securing stable earnings would be difficult and decided to withdraw from the business as a subsequent event. - FY2025MitigatedAnnual report
「The Food segment reported revenue of ¥135 million, up 26.0% year on year, and a segment loss of ¥76 million, compared with a segment loss of ¥80 million in the same period of the previous year.」
The Food segment reported higher revenue, and the segment loss narrowed from ¥80 million to ¥76 million. However, the Food business remains loss-making. - FY2025-H1MitigatedAnnual report
「The Food segment reported revenue of ¥70 million, up 30.0% year on year, and a segment loss of ¥27 million, compared with a segment loss of ¥36 million in the same period of the previous year.」
The Food segment reported a 30.0% increase in revenue, and the segment loss narrowed from ¥36 million in the same period of the previous year to ¥27 million. However, the Food business remains loss-making. - FY2024-Q3WorsenedAnnual report
「The Food segment reported revenue of ¥84 million, down 25.3% year on year, and a segment loss of ¥55 million, compared with a segment loss of ¥42 million in the same quarter of the previous year.」
The Food segment reported a 25.3% decline in revenue, and the segment loss widened from ¥42 million in the same period of the previous year to ¥55 million. The Food business remains loss-making, and its losses are worsening. - FY2024-Q2WorsenedAnnual report
「The Food segment reported revenue of ¥54 million, down 28.9% year on year, and a segment loss of ¥36 million, compared with a segment loss of ¥30 million in the same quarter of the previous year.」
The Food segment reported a 28.9% decline in revenue, and the segment loss widened from ¥30 million in the same period of the previous year to ¥36 million. - FY2024-Q1WorsenedAnnual report
「The Food segment reported revenue of ¥25 million, down 23.9% year on year, and a segment loss of ¥15 million, unchanged from the same quarter of the previous year.」
The Food segment reported a 23.9% decline in revenue and recorded a segment loss of ¥15 million, unchanged from the same period of the previous year. Revenue is declining while losses continue. - FY2023WorsenedAnnual report
「The Food segment reported revenue of ¥138 million, down 12.9% year on year, and a segment loss of ¥69 million, compared with a segment loss of ¥54 million in the same period of the previous year.」
The Food segment reported a 12.9% decline in revenue, and the segment loss widened from ¥54 million in the previous year to ¥69 million. - FY2023-Q3WorsenedAnnual report
「In the Food segment, sales were ¥112 million, down 8.7% year on year, and the segment posted a loss of ¥42 million, compared with a segment loss of ¥37 million in the same quarter of the previous year.」
The Food segment reported an 8.7% decline in revenue, and the segment loss widened from ¥37 million in the same period of the previous year to ¥42 million. The Food business remains loss-making. - FY2023-Q2WorsenedAnnual report
「In the Food segment, sales were ¥76 million, down 6.6% year on year, and the segment posted a loss of ¥30 million, compared with a segment loss of ¥28 million in the same quarter of the previous year.」
The Food segment reported a 6.6% decline in revenue, and the segment loss widened from ¥28 million in the same period of the previous year to ¥30 million. - FY2023-Q1MitigatedAnnual report
「The Food segment reported revenue of ¥32 million, down 7.4% year on year, and a segment loss of ¥15 million, compared with a segment loss of ¥16 million in the same quarter of the previous year.」
The Food segment continues to report a loss, but the segment loss narrowed slightly from ¥16 million in the same period of the previous year to ¥15 million. - FY2022-Q3MitigatedAnnual report
「Although resources were concentrated on the food business in its second year of commercialization, market conditions continued to weaken due to the spread of COVID-19 and other factors. The Food segment reported revenue of ¥123 million, down 24.6% year on year, and a segment loss of ¥37 million, compared with a segment loss of ¥151 million in the same quarter of the previous year.」
Market conditions in the Food segment continued to weaken, resulting in a 24.6% decline in revenue, but the segment loss narrowed from ¥151 million in the same period of the previous year to ¥37 million. The loss-making position and deteriorating market conditions continue. - FY2022-Q2RestatedAnnual report
「Although resources were concentrated on the food business in its second year of commercialization, market conditions continued to weaken due to the spread of COVID-19 and other factors. The Food segment reported revenue of ¥81 million, down 2.3% year on year, and a segment loss of ¥28 million, compared with a segment loss of ¥109 million in the same quarter of the previous year.」
Market conditions continued to weaken in the second year of commercialization of the food business, and the Food segment recorded a segment loss of ¥28 million. The loss narrowed from ¥109 million in the same period of the previous year. - FY2022-Q1MaterialisedAnnual report
「In the Food segment, resources were concentrated on the edible business in its second year of commercialization, but sales were ¥35 million, up 35.9% year on year, and the segment posted a loss of ¥16 million, compared with a segment loss of ¥60 million in the same quarter of the previous year, as sluggish market conditions caused by the spread of COVID-19 continued.」
In the second year of commercialization of the food business, market conditions continued to weaken due to COVID-19, and the Food segment recorded a segment loss of ¥16 million. The loss narrowed from the same period of the previous year. - FY2021MaterialisedAnnual report
「In the Food segment, sales were ¥220 million, up 17.0% year on year, and the segment posted a loss of ¥197 million, compared with a segment loss of ¥155 million in the same period of the previous year, due in part to depreciation expenses on capital investments and sluggish market conditions caused by the spread of COVID-19, as the edible business entered its first year of commercialization.」
In the first year of commercialization of the food business, the depreciation burden from capital investment and deteriorating market conditions caused by COVID-19 became actual factors behind losses, and a full-year segment loss of ¥197 million was recorded. - FY2021-Q3First statedAnnual report
「In the Food segment, sales were ¥163 million, up 13.3% year on year, and the segment posted a loss of ¥151 million, compared with a segment loss of ¥59 million in the same quarter of the previous year, due in part to depreciation expenses on capital investments and sluggish market conditions caused by the spread of COVID-19, as the edible business entered its first year of commercialization.」
The depreciation burden from capital investment in the first year of commercialization of the food business, together with the cooling of market conditions caused by COVID-19, has emerged as an actual factor behind losses in the Food segment.