Integrating production and sales in the vertical farming business and co-creation with other companies
First written in FY2019. 5 of 19 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
Restar moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「For some vertical farms, the company identified indications of impairment because profit from operating activities remained negative. As the total undiscounted future cash flows expected under future business plans fell below the carrying amount of the asset group, the company reduced the carrying amount to its recoverable amount.」
In the vertical farming business, some farms continued to generate losses, resulting in the recognition of an impairment loss of ¥16 million. - FY2024Revenue decline despite expanded supermarket salesAnnual report
「Although sales to major foodservice supermarkets expanded in the vertical farming business, revenue declined slightly due in part to lower sales to convenience stores and the impact of the Noto Peninsula Earthquake on operations.」
Expanded supermarket sales and lower convenience-store sales, together with the operational impact of the Noto Peninsula Earthquake, occurred concurrently, resulting in revenue of ¥1,091 million, down 6.2% year on year. - FY2024-Q3AdvancedAnnual report
「The vertical farming business worked to expand sales, mainly to supermarkets, and revenue was broadly in line with the previous year. Segment profit increased due to improved profitability in the vertical farming business.」
The vertical farming business worked to expand sales to supermarkets, limiting the revenue decline to 0.3% year on year. Improved profitability contributed to higher segment profit in the environmental energy business. - FY2024-Q2AdvancedAnnual report
「The vertical farming business worked on high-value-added vegetables and sought to increase yields of existing varieties, but revenue declined slightly. Segment profit increased due to improved profitability in the vertical farming business.」
While revenue in the vertical farming business declined 3.4% year on year, efforts to develop high-value-added vegetables and increase yields of existing varieties improved profitability, contributing to higher segment profit in the environmental energy business. - FY2024-Q1WorsenedAnnual report
「Revenue in the vertical farming business declined slightly despite expanded transactions with supermarkets, as sales of mass-produced new products fell short of expectations.」
While transactions with supermarkets expanded, sales of mass-produced new products fell short of expectations, resulting in a slight revenue decline in the vertical farming business. - FY2023WorsenedAnnual report
「Although the vertical farming business saw higher shipments of some products, revenue declined slightly due to a review of customers and delays in mass production of new products.」
Although shipments of some products increased, the company recorded losses due to a review of customers, delays in mass production and soaring electricity costs, as well as an impairment loss related to the vertical farming business. - FY2023-Q3Losses despite higher shipments of new products due to a review of customers and soaring electricity costsAnnual report
「Shipments of new products increased in the vertical farming business, but revenue declined slightly as the company reviewed its customers and took other measures. Segment profit declined, partly due to losses in the vertical farming business resulting from soaring electricity costs and other factors.」
Although shipments of new products increased, revenue in the vertical farming business declined 4.0% year on year due to a review of customers, while soaring electricity costs also contributed to the loss. - FY2023-Q2Revenue decline due to delays in mass production of new productsAnnual report
「Demand from supermarkets and the foodservice sector increased in the vertical farming business, but revenue declined slightly, partly because mass production of new products was delayed.」
Although demand from supermarkets and the foodservice sector increased, delays in mass production of new products contributed to the slight revenue decline in the vertical farming business. - FY2023-Q1Revenue decline due to a review of the business modelAnnual report
「Demand from supermarkets and the foodservice sector remained steady in the vertical farming business, but revenue declined due to a review of the business model and other factors.」
While demand from supermarkets and the foodservice sector remained steady, a review of the business model was a factor behind the revenue decline in the vertical farming business. - FY2022-Q3Lower demand and the impact of a fireAnnual report
「Revenue in the vertical farming business declined due to lower shipments resulting from weaker demand from convenience stores and the impact of a fire at the Kazuno Farm in August 2021.」
In the vertical farming business, lower demand from convenience stores and reduced shipments due to the fire at the Kazuno Farm occurred concurrently, contributing to the revenue decline. - FY2022-Q2Lower shipments due to a fireAnnual report
「While the plant factory business is focused mainly on supplying major convenience store operators and meeting demand for prepared and restaurant food, shipments decreased and revenue declined slightly due to the impact of a fire at the Kazuno plant on 12 August 2021.」
While continuing to expand sales to major convenience stores and other customers in the vertical farming business, the company experienced lower shipments and a slight revenue decline due to a fire at the Kazuno Farm. - FY2022-Q1AdvancedAnnual report
「Revenue in the vertical farming business increased as demand from major convenience stores and the prepared-food and foodservice sectors remained steady. Going forward, the company will continue initiatives to expand its renewable energy-related business, while advancing the development of new products in the vertical farming business and seeking greater efficiency in logistics and production.」
Revenue in the vertical farming business increased as demand from convenience stores and the prepared-food and foodservice sectors remained steady, with future initiatives including new product development and greater efficiency in logistics and production. - FY2021WorsenedAnnual report
「Although adoption by major convenience stores gained momentum in the second quarter, demand from the foodservice and prepared-food sectors declined due to the COVID-19 pandemic, and revenue in the vertical farming business decreased from the previous consolidated fiscal year.」
Although adoption by major convenience stores gained momentum, revenue declined due to lower foodservice and prepared-food demand, and the vertical farming business also recorded an impairment loss of ¥4,580 million. - FY2021-Q3Revenue decline due to price competition and lower demandAnnual report
「Demand from convenience stores increased in the vertical farming business, but price competition intensified. In addition, demand declined, mainly in the foodservice sector.」
While demand from convenience stores increased, revenue in the vertical farming business declined year on year due to intensifying price competition and lower foodservice demand. - FY2021-Q2Slight revenue decline due to lower demand in the Tokyo metropolitan areaAnnual report
「Demand from convenience stores increased in the vertical farming business, but revenue declined slightly due in part to lower consumption in the Tokyo metropolitan area.」
While demand from convenience stores increased, the vertical farming business posted a slight revenue decline due to lower consumption in the Tokyo metropolitan area and other factors. - FY2021-Q1RestatedAnnual report
「In the vertical farming business, revenue declined slightly due in part to lower demand in the Tokyo metropolitan area, but the company expects to further improve production efficiency and expand new products jointly developed with convenience stores in the second half.」
Revenue declined slightly due to lower demand in the Tokyo metropolitan area, while improving production efficiency and expanding new products jointly developed with convenience stores were reiterated as initiatives for the second half. - FY2020-Q3AdvancedAnnual report
「In the vertical farming business, the company began operating a total of 5 farms in December 2018, establishing one of Japan’s largest supply networks, and expanded its product lineup. As a result, sales to the foodservice market, including major convenience stores and supermarkets, increased and revenue grew. The company also expects to continue shifting to differentiated products and developing new opportunities in the prepared-food market, particularly with food processing companies.」
Building on its network of 5 farms and expanded product lineup, the company is increasing sales in the foodservice market and has identified the shift to differentiated products and development of the prepared-food market as its next initiatives. - FY2020-Q1AdvancedAnnual report
「In the vertical farming business, the company established one of Japan’s largest supply networks by operating a total of 5 farms in December 2018, and obtained GLOBALG.A.P. (Good Agricultural Practice), an international agricultural standard, at all of its farms. By improving food safety, hygiene and quality, the company is expanding sales in the foodservice market, including to major convenience stores.」
The vertical farming business has made concrete progress by establishing a network of 5 farms in December 2018, obtaining GLOBALG.A.P. certification at all farms, and expanding sales in the foodservice market. - FY2019First statedAnnual report
「Vertical farming Expanding an integrated production-and-sales business New initiatives through co-creation with other companies」
The vertical farming business identifies expansion of an integrated production-and-sales business and co-creation with other companies as key issues.