Change in distribution channel for direct sales of pet food by the manufacturer
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「Although the wholesale business for veterinary pharmaceuticals and other products in the companion-animal field was affected by a change in distribution channels under which some products were sold directly by manufacturers, it remained firm due to the proactive introduction of new products and other measures.」
Although the change in distribution channels for some products to direct sales by manufacturers continued to have an impact, the wholesale business for veterinary pharmaceuticals and other products remained firm due to the introduction of new products and other measures. - FY2026-H1RestatedAnnual report
「Although the wholesale business for veterinary pharmaceuticals and other products in the companion-animal field was affected by a change in distribution channels under which some products were sold directly by manufacturers, revenue increased due to an expansion in the number of trading manufacturers and the proactive introduction of new products.」
Although the change in distribution channels for some products to direct sales by manufacturers continued to affect sales, revenue increased in the wholesale business for veterinary pharmaceuticals and other products due to an expansion in the number of trading manufacturers and the introduction of new products. - FY2025First statedAnnual report
「The operating environment for the wholesale business for veterinary pharmaceuticals and other products has remained challenging, as customers’ willingness to purchase has declined amid persistently high prices for production inputs, including feed and energy, due to the weaker yen. ”Although the wholesale business for veterinary pharmaceuticals and other products in the companion-animal field was affected by a change in distribution channels under which some pet food products were sold directly by manufacturers,”」
The shift in distribution channels, with some pet food products moving to direct sales by manufacturers, can be identified for the first time as a standalone risk theme affecting the operating environment and sales of the wholesale business for veterinary pharmaceuticals and other products.