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Ap Holdings (3175) · RiskMitigated

Dependence on Miyazaki Jitokko chicken and brand and supply risks

First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2026.

8entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019RestatedFY2021ReframedFY20232016: 120162017: 120172018: 120182019: 120192020: 120202021: 120212022: 020222023: 120232024: 020242025: 020252026: 12026
Same theme, other companies
Compound Supply and Brand Risks from Dependence on Key IngredientsA theme 5 companies write about · 5 as a headwind · 0 as a tailwind

2 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「In response, the company is reducing supply risk by diversifying production sites across Miyazaki and Kagoshima. It is also working to diversify its portfolio by developing brands other than local chicken, including offal, fresh fish and new formats, and to enhance the added value of its menu without relying on passing costs on through prices.」

    In response to the risks associated with dependence on Miyazaki Jitokko chicken and Black Satsuma chicken, the company identifies diversified production sites, development of brands other than local chicken and enhancement of menu value as countermeasures.
  2. FY2023ReframedAnnual report

    「② Dependence on key ingredients (Miyazaki Jitokko chicken and Black Satsuma chicken)」

    Black Satsuma chicken was explicitly added to the heading on dependence on key ingredients, broadening the scope to multiple key local chicken varieties in addition to Miyazaki Jitokko chicken. Risk diversification through multiple production sites also continues to be stated.
  3. FY2021RestatedAnnual report

    「Although the company diversifies risk by maintaining multiple production sites, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    While continuing to describe the risks of dependence on Miyazaki Jitokko chicken, the company continues to explain its diversification of risk through multiple production sites.
  4. FY2020MitigatedAnnual report

    「Although the company diversifies risk by maintaining multiple production sites, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    While describing the risks of dependence on Miyazaki Jitokko chicken, the company explicitly states that it diversifies risk by maintaining multiple production sites.
  5. FY2019RestatedAnnual report

    「Because stores operating under the Tsukada Nojo and Jitokko Kumiai brands, which use Miyazaki Jitokko chicken produced in Miyazaki Prefecture as a key ingredient, account for a high proportion of the company's sales, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    The company reiterates the supply, permits and approvals, disease, brand and changing consumer preference risks associated with dependence on Miyazaki Jitokko chicken.
  6. FY2018RestatedAnnual report

    「Because stores operating under the Tsukada Nojo and Jitokko Kumiai brands, which use Miyazaki Jitokko chicken produced in Miyazaki Prefecture as a key ingredient, account for a high proportion of the company's sales, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    The company reiterates the supply, permits and approvals, disease, brand and changing consumer preference risks associated with dependence on Miyazaki Jitokko chicken.
  7. FY2017RestatedAnnual report

    「Because stores operating under the Tsukada Nojo and Jitokko Kumiai brands, which use Miyazaki Jitokko chicken produced in Miyazaki Prefecture as a key ingredient, account for a high proportion of the company's sales, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    The company continues to identify supply, permits and approvals, disease, brand and changing consumer preference risks associated with dependence on Miyazaki Jitokko chicken.
  8. FY2016First statedAnnual report

    「Because stores operating under the Tsukada Nojo and Jitokko Kumiai brands, which use Miyazaki Jitokko chicken produced in Miyazaki Prefecture as a key ingredient, account for a high proportion of the company's sales, any decline in production due to natural disasters, failure to renew permits and approvals related to Miyazaki Jitokko chicken production, outbreaks of diseases such as avian influenza, damage to the brand caused by food hygiene issues, or changes in consumer preferences or the market could affect the group's operating results and financial position through higher procurement costs or lower sales.」

    The company lists supply, permits and approvals, disease, brand and consumer preference risks associated with dependence on key ingredients.
Moved together

"Store Closures and Recognition of Impairment Losses" moved the same way as this thread, in the same document, in 3 of its 8 moves.

322222★123456
  1. ★This thread
  2. 1Store Closures and Recognition of Impairment Losses3×
  3. 2Diversification of Sales Channels through Delivered Boxed Meals and Private Labels2×
  4. 3Improving Store Operations2×
  5. 4Fundamental Structural Reform Through the Rationalization of Unprofitable Stores2×
  6. 5Strengthening management control and internal audit systems in response to business expansion2×
  7. 6Financial Restrictions Under Term Loan Covenants2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Dependence on Miyazaki Jitokko chicken and brand and supply risks | AP HOLDINGS CO.,LTD. (3175) | Komori