Procurement risks related to ingredient safety, weather and disasters
First written in FY2016. 21 of 26 entries say "Restated". Latest entry: 2026-08-14.
Ap Holdings moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 28 of 39 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- 2026-08-14RestatedResults
「As the food industry as a whole faces the challenge of unstable procurement prices, our group works to stabilize its business and secure competitive advantages by procuring key ingredients from group companies and reliable contracted farmers.」
The company again identifies unstable procurement prices as a challenge and reaffirms stable sourcing from contracted farmers and other suppliers as a response. - FY2026WorsenedAnnual report
「Although persistently high feed prices resulting from the weaker yen and energy prices pushed up production costs, the company continued stable operations through the integration and efficiency improvements of its processing facilities in Miyazaki and timely cost pass-through enabled by its proprietary direct producer-to-consumer model.」
Persistently high feed prices and higher production costs resulting from the weaker yen and energy prices were identified as actual business factors. The company uses processing facility integration and cost pass-through as countermeasures. - 2026-05-15RestatedResults
「The continued depreciation of the yen and persistently high feed prices caused by energy prices pushed up production costs, although」
The company continues to cite the depreciation of the yen, energy prices and persistently high feed prices as drivers of higher production costs. - FY2024-Q2WorsenedAnnual report
「The group produces local chicken in Miyazaki, Kagoshima and Hokkaido. However, the depreciation of the yen and soaring energy prices have driven up feed prices and the production cost of local chicken. Nevertheless, the group's proprietary direct producer-to-consumer model, which eliminates intermediate distribution, enables it to reflect sharp increases in raw material prices in selling prices in a timely manner and maintain stable business operations even under these conditions.」
The company actually reported higher feed prices and local chicken production costs against a backdrop of the weaker yen and higher energy prices. It explained that passing these increases on to selling prices through its direct producer-to-consumer model is a countermeasure. - FY2024-Q1RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, stable procurement from group companies and contract farmers is a competitive strength. - FY2023-Q2RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
While identifying unstable procurement prices as a procurement-related challenge, the company continues to present stable procurement from group companies and contract farmers as a countermeasure and competitive strength. - FY2023-Q1WorsenedAnnual report
「Amid concerns over a prolonged situation in Ukraine and restrictions on economic activity in China, it is necessary to pay close attention to downside risks from higher raw material prices and supply constraints, as well as volatility in financial and capital markets.」
Higher raw material prices and supply constraints were explicitly identified as new procurement-related concerns. At the same time, the company explains that stable procurement of key ingredients from group companies and contract farmers is a competitive strength. - FY2022-Q3RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, procurement from group companies and stable contract farmers is a stabilizing factor. - FY2022-Q2RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, procurement from group companies and stable contract farmers is a stabilizing factor. - FY2022-Q1RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, procurement from group companies and stable contract farmers supports business stability. - FY2021RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, stable procurement from group companies and contract farmers is a competitive strength. - FY2021-Q3RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, procurement from group companies and stable contract farmers is a stabilizing factor. - FY2021-Q2RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, stable procurement of key ingredients from group companies and contract farmers is a competitive strength. - FY2021-Q1RestatedAnnual report
「Across the food industry, volatile procurement prices have become a business challenge. For the group, however, the ability to procure key ingredients from group companies and stable contracted farmers contributes to business stability and is a competitive strength.」
The company continues to explain that, while unstable procurement prices are a challenge, stable procurement from group companies and contract farmers is a competitive strength. - FY2020-Q3RestatedAnnual report
「Accordingly, while unstable procurement prices due to adverse weather such as typhoons have become a business challenge across the food industry, the group's procurement of key ingredients from group companies and stable contract farmers contributes to business stability and is a competitive strength.」
While identifying unstable procurement prices resulting from adverse weather such as typhoons as a challenge, the company reaffirms stable procurement from group companies and contract farmers as a factor supporting business stability. - FY2020-Q1RestatedAnnual report
「Accordingly, while unstable procurement prices have become a business challenge across the food industry, the group's procurement of key ingredients from group companies and stable contract farmers contributes to business stability and is a competitive strength.」
While identifying unstable procurement prices as a challenge, the company reaffirms stable procurement from group companies and contract farmers as a factor supporting business stability. - FY2019RestatedAnnual report
「In addition to Miyazaki Jitokko chicken, the group uses other ingredients that characterize its business model, including other local chicken varieties, fresh fish and offal. If concerns arise regarding the safety of these ingredients, restricting the group's production or procurement of ingredients, or if supply and demand become tight due to external factors such as adverse weather, disasters or viral outbreaks, resulting in higher procurement costs or other difficulties in securing ingredients, this could affect the group's operating results and financial position.」
The company continues to identify the risks of safety, production and procurement restrictions, weather, disasters and disease, and higher procurement costs across multiple ingredients. - FY2019-Q3RestatedAnnual report
「Across the food industry, volatile procurement prices, partly due to adverse weather, have become a business challenge. For the group, however, the ability to procure key ingredients steadily from group companies, contracted farmers and other sources is a competitive strength.」
While identifying unstable procurement prices resulting from adverse weather as a challenge, the company reaffirms stable procurement from group companies and contract farmers as a competitive strength. - FY2019-Q2RestatedAnnual report
「Accordingly, while unstable procurement prices have become a business challenge across the food industry due to the weaker yen and adverse weather, the group considers stable procurement of key ingredients from group companies and contract farmers to be a competitive strength.」
While identifying unstable procurement prices resulting from the weaker yen and adverse weather as a challenge, the company reaffirms stable procurement from group companies and contract farmers as a competitive strength. - FY2018RestatedAnnual report
「In addition to Miyazaki Jitokko chicken, the group uses other ingredients that characterize its business model, including other local chicken varieties, fresh fish and offal. If concerns arise regarding the safety of these ingredients, restricting the group's production or procurement of ingredients, or if supply and demand become tight due to external factors such as adverse weather, disasters or viral outbreaks, resulting in higher procurement costs or other difficulties in securing ingredients, this could affect the group's operating results and financial position.」
The company continues to identify the risks of safety, production and procurement restrictions, weather, disasters and disease, and higher procurement costs across multiple ingredients. - FY2018-Q3RestatedAnnual report
「Accordingly, while unstable procurement prices caused by the weaker yen and adverse weather have become a business challenge across the food industry, the group's procurement of key ingredients from group companies and stable contract farmers contributes to business stability and is a competitive strength.」
The company reiterates that unstable procurement prices resulting from the weaker yen and adverse weather are a challenge, while procurement from group companies and contract farmers is a stabilizing factor. - FY2018-Q1RestatedAnnual report
「Accordingly, while unstable procurement prices caused by the weaker yen and adverse weather have become a business challenge across the food industry, the group's procurement of key ingredients from group companies and stable contract farmers contributes to business stability and is a competitive strength.」
The company reiterates that unstable procurement prices resulting from the weaker yen and adverse weather are a challenge, while procurement from group companies and contract farmers contributes to stability. - FY2017RestatedAnnual report
「In addition to Miyazaki Jitokko chicken, the group uses other ingredients that characterize its business model, including other local chicken varieties, fresh fish and offal. If concerns arise regarding the safety of these ingredients, restricting the group's production or procurement of ingredients, or if supply and demand become tight due to external factors such as adverse weather, disasters or viral outbreaks, resulting in higher procurement costs or other difficulties in securing ingredients, this could affect the group's operating results and financial position.」
The company reiterates the risks of safety, production and procurement restrictions, weather, disasters and disease, and higher procurement costs across multiple ingredients. - FY2017-Q2RestatedAnnual report
「In general, rising procurement prices across the food industry due to adverse weather and other factors have become a business challenge. However, the group has not been significantly affected by these issues because it procures key ingredients from group companies and stable contract farmers.」
The company continues to explain that it has not been significantly affected by higher procurement prices resulting from adverse weather and other factors because it procures ingredients from group companies and contract farmers. - FY2017-Q1MitigatedAnnual report
「In general, rising procurement prices across the food industry due to the depreciation of the yen and adverse weather have become a business challenge. However, the group has not been significantly affected by these issues because it procures key ingredients from group companies and stable contract farmers.」
The company explains that it has not been significantly affected by higher procurement prices resulting from the weaker yen and adverse weather because it procures ingredients from group companies and stable contract farmers. - FY2016First statedAnnual report
「If concerns arise regarding the safety of these ingredients, restricting the group's production or procurement of ingredients, or if supply and demand become tight due to external factors such as adverse weather, disasters or viral outbreaks, resulting in higher procurement costs or other difficulties in securing ingredients, this could affect the group's operating results and financial position.」
For local chicken, fresh fish, offal and other ingredients, the company identifies safety, tight supply and demand, procurement costs and procurement restrictions as risks.