Impact of Adverse Weather on the Food Business
First written in FY2016. 5 of 14 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2023.
Gun Ei Chemical Industry moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 8 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In the food business, the effects of COVID-19 began to subside. Although products for alcoholic beverages declined as stay-at-home demand subsided, products for soft drinks entered a recovery trend due to extreme summer heat.」
The weather-related factor changed from a cause of the previous demand decline to a driver of the recovery in demand for soft drinks due to extreme summer heat. - FY2023-Q3MitigatedAnnual report
「In the food business, the effects of COVID-19 began to subside. Although products for alcoholic beverages declined as stay-at-home demand came to an end, products for soft drinks entered a recovery trend due to extreme summer heat.」
Extreme summer heat is cited as a driver of the recovery in demand for soft drinks, indicating an impact different from the previous demand decline caused by adverse weather. - FY2023-Q2MitigatedAnnual report
「In the food business, the effects of COVID-19 began to subside, and the business entered a recovery trend due to extreme summer heat.」
As a weather-related factor, extreme summer heat is cited as a driver of the food business's recovery, indicating an impact different from the previous demand decline caused by adverse weather. - FY2023-Q1MitigatedAnnual report
「In the food business, the effects of COVID-19 began to subside, and the business entered a recovery trend due to the early end of the rainy season and extreme summer heat.」
As a weather-related factor, the early end of the rainy season and extreme summer heat are cited as drivers of the food business's recovery, indicating an impact different from the previous demand decline caused by adverse weather. - FY2022-Q3MaterialisedAnnual report
「In the food business, despite the effects of COVID-19 and adverse summer weather, some products for beverages recovered and prices were adjusted to reflect soaring raw material costs. As a result, revenue increased 9.2% year on year to ¥3,530 million, and segment profit (operating profit) was ¥47 million, compared with a segment loss (operating loss) of ¥58 million in the same period of the previous year.」
The disclosure states that adverse summer weather affected the food business, while the recovery of some products for beverages and other factors increased revenue and turned the segment result from a loss in the same period of the previous year into a profit. - FY2022-Q2MaterialisedAnnual report
「In the food business, despite the effects of COVID-19 and adverse summer weather, some products for beverages recovered and prices were adjusted to reflect soaring raw material costs. As a result, revenue increased 6.5% year on year to ¥2,448 million, and segment profit (operating profit) increased 595.1% to ¥64 million.」
The disclosure states that adverse summer weather actually affected the food business. Meanwhile, the recovery of some products for beverages and price adjustments lifted revenue and segment profit above the same period of the previous year. - FY2021MaterialisedAnnual report
「In the food business, products for new-category alcoholic beverages increased due to the impact of the so-called “stay-at-home consumption,” but saccharification products for soft drinks remained sluggish due to voluntary restrictions on going out, the cancellation of various events, and adverse summer weather.」
The disclosure states that adverse summer weather contributed to the sluggish performance of saccharification products for soft drinks, leading to a decline in revenue in the food business. - FY2021-Q3RestatedAnnual report
「In the food business, products for alcoholic beverages increased due to the so-called “stay-at-home consumption,” but products for soft drinks remained sluggish due to voluntary restrictions on going out and the cancellation of various events amid the spread of COVID-19, as well as adverse summer weather.」
The disclosure continues to state that adverse summer weather contributed to the sluggish performance of products for soft drinks, indicating that the impact of weather on the food business has continued. - FY2021-Q2MaterialisedAnnual report
「In the food business, products for alcoholic beverages increased due to the so-called “stay-at-home consumption,” but products for soft drinks remained sluggish due to voluntary restrictions on going out and the cancellation of various events amid the spread of COVID-19, as well as adverse summer weather. As a result, revenue decreased 9.9% year on year to ¥2,299 million, while segment profit (operating profit) was ¥9 million, compared with a segment loss (operating loss) of ¥69 million in the same period of the previous year.」
The disclosure states that adverse summer weather affected the sluggish performance of products for soft drinks, indicating that weather risk actually materialized in the food business during the period. - FY2019RestatedAnnual report
「The food business, including high-fructose corn syrup for beverages, is affected by weather conditions. Changes in personal consumption trends caused by adverse weather, such as a cool summer, could adversely affect the Group's business performance and financial position.」
The impact of adverse weather conditions on food demand continues to be disclosed as a risk. - FY2019-Q2MaterialisedAnnual report
「In the food business, sales decreased 2.9% year on year to ¥2,352 million because extreme summer heat negatively affected sales of soft drinks, causing sluggish growth in high-fructose corn syrup for beverages.」
The disclosure states that extreme summer heat actually had a negative impact on soft-drink sales, leading to a decline in revenue in the food business. - FY2018RestatedAnnual report
「The food business, including high-fructose corn syrup for beverages, is affected by weather conditions. Changes in personal consumption trends caused by adverse weather, such as a cool summer, could adversely affect the Group's business performance and financial position.」
The impact of adverse weather conditions on food demand continues to be treated as a risk. - FY2017RestatedAnnual report
「The food business, including high-fructose corn syrup for beverages, is affected by weather conditions. Changes in personal consumption trends caused by adverse weather, such as a cool summer, could adversely affect the Group's business performance and financial position.」
The impact of adverse weather conditions on demand for food products for beverages continues to be treated as a risk. - FY2016First statedAnnual report
「The food business, including high-fructose corn syrup for beverages, is affected by weather conditions. Changes in personal consumption trends caused by adverse weather, such as a cool summer, could adversely affect the Group's business performance and financial position.」
Changes in personal consumption caused by a cool summer and other factors are cited as risks for products such as high-fructose corn syrup for beverages.