Higher Cost Ratio Due to Soaring Tiger Pufferfish Prices
First written in FY2016. 12 of 22 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
Kanmonkai moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 122 of 167 companies on the "Worse" side.
55 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In terms of profit, although sales increased, gross profit was ¥3,434 million, down 2.1% from the previous fiscal year, due to a higher cost ratio resulting from surging raw material costs, the 45th Anniversary Fair and other factors, and a higher proportion of sales attributable to headquarters, among other factors.」
The cost ratio rose due to surging raw material costs and sales of products with high cost ratios, while gross profit fell 2.1% from the previous fiscal year. - FY2026-H1WorsenedAnnual report
「In terms of profit, although sales increased, gross profit was ¥1,239 million, up 0.1% from the same interim period of the previous year, due to a higher cost ratio resulting from continuing surges in raw material prices and the 45th Anniversary Fair, among other factors.」
The disclosure cites continuing surges in raw material prices and a higher cost ratio resulting from the 45th Anniversary Fair, noting that gross profit rose only 0.1% year on year despite higher sales. - FY2025RestatedAnnual report
「The Group primarily uses torafugu raised through cooperation with aquaculture operators, applying the company's patented and other technologies, enabling it to minimize the impact even if torafugu market prices fluctuate significantly in the future.」
The Company continues to disclose its policy for responding to fluctuations in tiger pufferfish market prices. - FY2024MitigatedAnnual report
「The Group works with aquaculture operators and primarily uses tiger pufferfish raised with the Company's technical support, enabling it to minimize the impact even if tiger pufferfish market prices fluctuate significantly in the future.」
The Company continues its policy of limiting the impact of market fluctuations by collaborating with aquaculture operators and using tiger pufferfish raised with its own technology. - FY2024-Q1MitigatedAnnual report
「In addition to higher store sales, an improved cost ratio brought gross profit to ¥608 million, up 43.8% year on year.」
Gross profit was ¥608 million, up 43.8% year on year as a result of the improved cost ratio, and the disclosure describes the effect of measures addressing higher food costs and the cost ratio. - FY2023MitigatedAnnual report
「In addition to higher store sales, improvements in the cost ratio and other factors brought gross profit to ¥2,795 million, up 83.2% year on year.」
Gross profit increased 83.2% year on year as a result of the improved cost ratio. The disclosure describes the effect of measures addressing price increases and a higher cost ratio, supported by collaboration with aquaculture operators and procurement capabilities. - FY2023-Q3MitigatedAnnual report
「In addition to higher store sales, an improved cost ratio brought gross profit to ¥1,836 million, up ¥794 million year on year.」
Gross profit increased by ¥794 million year on year as a result of the improved cost ratio, and the disclosure describes the effect of measures addressing higher food costs and the cost ratio. - FY2020MitigatedAnnual report
「The Group works with aquaculture operators and primarily uses tiger pufferfish raised with the Company's technical support, enabling it to limit the impact even if tiger pufferfish market prices surge in the future.」
The Company continues to use tiger pufferfish raised through collaboration and technical support with aquaculture operators as a means of limiting the impact on earnings from market price surges. - FY2019-Q3MitigatedAnnual report
「The cost ratio fell by 1.0 percentage point year on year to 30.3% as a result of continued cost controls and other measures.」
Continued cost controls reduced the cost ratio by 1.0 percentage point year on year. - FY2019-Q2MitigatedAnnual report
「The cost ratio fell by 0.9 percentage points year on year to 30.0% as a result of continued rigorous cost controls and other measures.」
The company described the effectiveness of its response to increases in the cost ratio caused by prices and ingredient costs, with continued cost controls reducing the cost ratio by 0.9 percentage points year on year. - FY2019-Q1MitigatedAnnual report
「In addition to continuing to enforce cost controls, the cost ratio declined 1.6 percentage points year on year to 29.8%, owing to lower store waste as customer visits increased and a higher proportion of sales from company-operated stores with lower costs.」
The company described the effectiveness of its response to rising costs through rigorous cost controls, reduced store losses and a higher proportion of sales from company-operated stores. - FY2018MitigatedAnnual report
「Because torafugu market prices fluctuate significantly by year and month, other specialty fugu restaurants may be substantially affected in terms of earnings by these fluctuations. The Group, however, works with aquaculture operators and primarily uses torafugu raised with the support of the company's technology, enabling it to limit the impact even if torafugu market prices surge in the future.」
As a response to soaring tiger pufferfish prices, the company explained that it primarily uses tiger pufferfish raised in cooperation with aquaculture operators, which can limit the impact on earnings when market prices surge. - FY2018-Q3MitigatedAnnual report
「The company improved profit by ¥41 million as a result of a 1.3% reduction in the cost ratio through menu revisions and stronger cost controls.」
The company reduced its cost ratio by 1.3% through menu revisions and stronger cost controls, describing the effectiveness of its response to rising costs. - FY2018-Q2MitigatedAnnual report
「The company improved profit by ¥26 million as a result of a 1.8% year-on-year reduction in the cost ratio following further menu revisions and stronger cost controls.」
The company reduced its cost ratio by 1.8% year on year through menu revisions and stronger cost controls, describing the effectiveness of its response to rising costs. - FY2018-Q1MitigatedAnnual report
「The company improved its cost ratio by 2.7% year on year by strengthening cost controls and revising its beverage menu.」
The company improved its cost ratio by 2.7% year on year through stronger cost controls and a revised beverage menu, describing the effectiveness of its response to the risk of rising costs. - FY2017WorsenedAnnual report
「While keeping selling prices unchanged and offering relatively inexpensive products to secure demand during the off-season, the cost ratio increased by 1.2 percentage points year on year at company-operated stores and by 2.9 percentage points overall, partly because the sales share of the high-cost franchise business increased.」
While keeping selling prices unchanged, the company offered high-quality ingredients and relatively inexpensive products. The cost ratio increased by 1.2 percentage points at company-operated stores and by 2.9 percentage points overall, while operating profit declined 1.8% year on year. - FY2017-Q3WorsenedAnnual report
「The price of tiger pufferfish, a key ingredient, continued to rise sharply from the beginning of the period. Although the company controlled costs through bulk purchases of tiger pufferfish and its inventory policy, gross profit was reduced by ¥42 million. The company also worked to improve vegetable quality, increased the degree of product processing to improve operations and introduced high-value-added products with high cost ratios, but the cost ratio increased because these costs were not passed on to selling prices.」
Tiger pufferfish prices continued to surge, reducing gross profit by ¥42 million despite the measures taken. The company also described the increase in the cost ratio resulting from greater product processing, the introduction of high-value-added products and the failure to pass these costs on to selling prices. - FY2017-Q2WorsenedAnnual report
「During the six-month period, although the impact of recent fluctuations in tiger pufferfish prices was limited by the company's procurement strategy, cost of sales increased by ¥80 million year on year due to the rise in the cost ratio resulting from increasing the degree of product processing to improve operations and introducing high-value-added products with high cost ratios.」
While the impact of fluctuations in tiger pufferfish prices was limited, the cost ratio increased due to greater product processing and the introduction of high-value-added products, resulting in an ¥80 million year-on-year increase in cost of sales. - FY2017-Q1Changes in cost-increase factorsAnnual report
「Although the impact of recent fluctuations in tiger pufferfish prices was limited by the company's procurement strategy, the cost ratio increased as a result of increasing the degree of product processing to improve operations and introducing high-value-added products with high cost ratios.」
While the impact of fluctuations in tiger pufferfish prices was limited, the company identified increased product processing and the introduction of high-value-added products as factors behind the rise in the cost ratio. - FY2016First statedAnnual report
「The company was unable to fully absorb the increase in its cost ratio resulting from the greater-than-expected surge in tiger pufferfish prices and the premium positioning of new seasonal menu items.」
The company stated that soaring market prices actually affected performance through an increase in the cost ratio.