Intensifying Competition in Mushroom Growing Substrate Sales
First written in FY2025-H1. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 40 of 85 companies on the "Worse" side.
106 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In our core mushroom substrate business, sales volume increased as a result of active efforts to secure orders. However, against a backdrop of intensifying price competition, we were unable to pass on the full increase in costs resulting from higher raw material costs, personnel expenses and other expenses, resulting in higher revenue but lower profit.」
Although sales volumes increased through active order acquisition efforts, the company was unable to pass on increases in raw material, personnel and other costs because of price competition, resulting in higher sales but lower operating income. - FY2026-H1RestatedAnnual report
「In the core mushroom substrate business, sales volume increased as a result of proactive order-taking activities. However, against a backdrop of intensifying price competition, the Company was unable to fully pass on increases in raw material, personnel and other costs to customers, resulting in higher revenue but lower profit.」
Although sales volume of mushroom substrate increased through proactive order-taking activities, the Company was unable to pass on the increases attributable to price competition and higher raw material, personnel and other costs, resulting in higher revenue but lower profit. - FY2025RestatedAnnual report
「Sales of the core mushroom substrate business declined due to intensifying competition. Although the Company worked to secure margins by improving production efficiency and taking other measures, higher raw material and personnel costs, together with one-time expenses associated with the acquisition of a new plant, resulted in lower revenue and profit.」
The Company continues to describe lower mushroom substrate sales due to intensifying competition and lower revenue and profit resulting from raw material, personnel and new plant acquisition-related costs in its full-year disclosures. - FY2025-H1First statedAnnual report
「In the food-related business, the agricultural-related segment saw growth in the volume of agricultural products handled, but sales of its mainstay mushroom growing medium declined due to intensifying competition. Despite efforts to maintain margins, including reducing manufacturing costs, the segment reported lower revenue and lower profit.」
Intensifying competition in mushroom substrate sales actually resulted in lower sales and, despite efforts such as reducing manufacturing costs, became a factor behind lower revenue and profit in the Agriculture-Related Division.