Expansion of collagen casing sales
First written in FY2016. 4 of 12 entries say "Advanced", first in FY2017. Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2RestatedAnnual report
「In North America, sales remained firm in markets such as gummy candies and jelly confectionery as people spent more time at home. However, the withdrawal from the collagen casing business in the previous fiscal year had a significant impact, and revenue for the cumulative consolidated period decreased year on year.」
Although some North American applications remained firm, the impact of the previous fiscal year's withdrawal from the collagen casing business continued to weigh on revenue this quarter. - FY2021-Q1Continuing impact of the withdrawalAnnual report
「Revenue was ¥7,413 million, down 19.9% year on year, and operating profit was ¥343 million, down 8.5%, partly due to the impact of withdrawing from the collagen casing business in the previous fiscal year.」
The withdrawal from the collagen casing business carried out in the previous fiscal year continues to be one of the factors behind the decline in revenue this quarter. - FY2020-Q3ReframedAnnual report
「As part of its policy of focusing on selected businesses, the Company transferred all shares of Nitta Casings Inc., formerly a specified subsidiary, and Nitta Casings (Canada) Inc., formerly a consolidated subsidiary, in December 2019.」
The Company shifted from expanding its casing business within the Group through productivity improvements and expanded sales at its existing North American plant to transferring its North American casing subsidiaries under a policy of focusing on selected businesses. - FY2020-Q2RestatedAnnual report
「Overseas sales for applications such as gummy candies increased in North America, while sales of collagen casings for meat snack and sausage applications declined due to intensifying competition.」
Competition has intensified and sales of collagen casings for meat snack and sausage applications have continued to decline. - FY2020-Q1WorsenedAnnual report
「Overseas revenue from collagen casings declined amid intense competition in the meat snack and sausage market.」
Intensifying competition in overseas meat snack and sausage applications led to lower revenue from collagen casings. - FY2019-Q3Lower overseas revenue from casing applicationsAnnual report
「Overseas revenue from collagen casings for meat snack and sausage applications fell below the previous year.」
Overseas revenue from collagen casings for meat snack and sausage applications fell below the previous year. - FY2018AdvancedAnnual report
「Although collagen casing sales remained solid in the United States, total sales declined. Profit increased due to a review of customers with a focus on profitability and improved productivity through equipment investment.」
While overall revenue declined, profit increased as a result of reviewing sales channels and improving productivity through the introduction of equipment. - FY2018-Q3AdvancedAnnual report
「Collagen casing sales remained solid in North America, and profit increased due to improved productivity.」
Specific progress was reported, with solid sales in North America and higher profit resulting from improved productivity. - FY2018-Q2AdvancedAnnual report
「Profit recovered on the back of solid sales in North America.」
Specific performance progress was reported, with profit recovering on the back of solid sales in North America. - FY2017AdvancedAnnual report
「Collagen casing sales increased and profit improved as U.S. sales remained solid.」
The company reported higher sales and improved profit resulting from solid U.S. sales. It also invested ¥678 million in productivity-enhancing equipment at its North American casing plant. - FY2017-Q3Solid domestic U.S. salesAnnual report
「Collagen casings performed solidly in the U.S. domestic market.」
The company stated that domestic U.S. sales of collagen casings were solid. No specific additional measures or numerical targets for expanding sales were indicated. - FY2016First statedAnnual report
「The current business environment is challenging due to a stronger dollar and intensifying competition, but the company aims to expand sales by improving productivity at its North American plant and establishing a production and sales structure in China. It is also preparing to re-enter the Japanese market.」
The company identified improved productivity in North America, a production and sales structure in China, and re-entry into the Japanese market as means of expanding sales.