Surging Procurement Costs for Seafood and Other Products
First written in FY2016. 8 of 20 entries say "Materialised", first in FY2022-Q3. Latest entry: 2026-08-14.
Ride On Express Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 45 of 64 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Despite the impact of higher procurement prices, we will work to strengthen earnings power and optimize the efficiency of chain operations by improving the value of products under original brands, including the home-delivery sushi brand Gin no Sara, diversifying the product lineup and improving productivity.」
Procurement prices continued to rise, resulting in a 3.9% year-on-year increase in cost of sales. The company also clearly identifies the risk of higher procurement costs due to marine resources, the weak yen, inflation and environmental regulations. - FY2026-H1MaterialisedAnnual report
「Although cost of sales increased due to higher revenue and procurement prices, selling, general and administrative expenses decreased from the same period of the previous year as various costs were optimized through productivity improvements following menu revisions and the termination of services introduced in the previous corresponding period.」
Procurement prices actually increased, and cost of sales rose from ¥5,591,352 thousand in the same period of the previous year to ¥5,723,874 thousand. The impact of the deteriorating procurement environment caused by higher prices continues. - FY2025RestatedAnnual report
「In addition, the global rise in prices has continued against the backdrop of prolonged tensions surrounding Ukraine and the Middle East, US policy developments and the prolonged weakness of the yen, leaving the procurement environment for raw materials challenging.」
The continued difficulty of the procurement environment due to marine resources, geopolitical conditions, the weak yen and inflation is recognized. - FY2025-H1WorsenedAnnual report
「At the same time, cost of sales has increased as procurement prices have risen amid the historically weak yen.」
Higher procurement prices driven by the weak yen continue to be reflected in results as an increase in cost of sales, clearly identifying factors contributing to the deterioration in the procurement environment. - FY2024RestatedAnnual report
「We expect the procurement environment for seafood to become increasingly challenging due to the depletion of marine resources and the introduction of international catch limits.」
The continued deterioration in the procurement environment due to marine resources, foreign exchange rates and inflation is recognized, with responses including procurement diversification and changes in sourcing regions. - FY2023RestatedAnnual report
「Along with food-supply issues caused by population growth worldwide, rising demand for seafood in various countries is expected to further worsen procurement conditions for seafood through the depletion of marine resources, the imposition of international fishing restrictions and other developments.」
The company continues to recognize worsening procurement prices and conditions due to marine resources, foreign-exchange movements, inflation and other factors, and is responding by diversifying procurement, changing sources of production and revising prices. - FY2023-Q3RestatedAnnual report
「Meanwhile, procurement conditions have remained extremely difficult against a backdrop of higher resource prices, the weaker yen and other factors, and cost of sales has increased.」
The difficult procurement environment caused by higher resource prices and the weaker yen, together with the increase in cost of sales, continued to be reflected in the current quarter. - FY2023-Q2WorsenedAnnual report
「Meanwhile, procurement conditions have remained extremely difficult against a backdrop of higher resource prices, the weaker yen and other factors, and cost of sales has increased.」
The company explicitly identifies worsening procurement conditions due to higher resource prices and the weaker yen, with the impact continuing to appear as an increase in cost of sales. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, procurement conditions have remained extremely difficult against a backdrop of higher resource prices and other factors, and cost of sales has increased.」
Worsening procurement conditions due to higher resource prices continued and were reflected in increased cost of sales in the first quarter. - FY2022MaterialisedAnnual report
「Procurement conditions have remained difficult due to COVID-19, higher resource prices and other factors, and cost of sales has increased compared with the previous consolidated fiscal year.」
Higher procurement prices due to soaring resource prices and the situation in Ukraine actually occurred, resulting in cost of sales 4.2% higher year on year and ordinary profit 9.2% below plan. The company is responding by diversifying procurement, changing sources of production and leveraging the purchasing power of more than 700 stores. - FY2022-Q3MaterialisedAnnual report
「In response to worsening procurement conditions caused by COVID-19, higher resource prices and other factors, the company has raised the prices of some products and revised its menu since October.」
Regarding the previously disclosed risk of soaring food-material prices, the company states that worsening procurement conditions due to higher resource prices materialized, leading to price increases for some products and menu revisions. - FY2020Additional measuresAnnual report
「The company seeks to maintain its competitiveness by leveraging the purchasing scale of more than 700 stores.」
In addition to diversifying procurement and changing sources of production, the company describes purchasing based on the scale of more than 700 stores as a measure to address rising food-material prices. - FY2019RestatedAnnual report
「As higher food-material prices affect the Group’s business, the company is taking measures to mitigate the risk by diversifying procurement and changing sources of production in cooperation with import trading companies and manufacturers as circumstances require.」
The company continues to address the risk of higher food-material prices caused by foreign-exchange movements, abnormal weather, government policies, fishing restrictions and the depletion of marine resources by diversifying procurement and changing sources of production. - FY2017RestatedAnnual report
「As higher food-material prices caused by foreign-exchange movements, abnormal weather, developments in the national policies of various countries, international fishing restrictions and the depletion of marine resources affect the Group’s business, the company is taking measures to mitigate the risk by diversifying procurement and changing sources of production in cooperation with import trading companies and manufacturers as circumstances require.」
The company continues to address the risk of soaring prices for seafood and other products by diversifying procurement and changing sources of production. - FY2016First statedAnnual report
「Higher food-material prices due to foreign-exchange movements, abnormal weather, developments in the national policies of various countries, international fishing restrictions and the depletion of marine resources are affecting the Group’s business.」
The company also describes measures to diversify suppliers across several countries and change sources of production in cooperation with import trading companies and manufacturers.