Addressing Food Procurement and Energy Costs
First written in FY2017-Q1. 8 of 26 entries say "Worsened", first in FY2022. Latest entry: 2026-11-12.
Zensho Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 50 of 59 companies on the "Worse" side.
21 other companies' latest entry also says "Worsened".
- 2026-11-12WorsenedResults
「Against this backdrop, in addition to volatility in raw material prices, increases in various costs, including personnel expenses, affected the operation of our group's businesses.」
原材料価格の変動に加え、人件費をはじめとする各種費用の増加が事業運営へ影響したとの記載がある。 - FY2027-H1WorsenedAnnual report
「Against this backdrop, in addition to volatility in raw material prices, increases in various costs, including personnel expenses, affected the operation of our group's businesses.」
In addition to volatility in raw material prices, increases in various costs, including personnel expenses, are explicitly identified as factors affecting business operations, indicating broader cost pressures. - 2026-08-07MitigatedRevisions to earnings forecasts
「利益面につきましては、主要原材料である米の価格が当初想定を下回る水準で推移しております。」
主要原材料である米について、価格が当初想定を下回る水準で推移していると記載され、食材仕入コストの一部に低減要因が示された。ただし、為替相場や地政学的リスクに伴うコスト上昇も併記されており、リスク全体の解消ではない。 - FY2026WorsenedAnnual report
「Under these conditions, higher rice prices, as well as higher prices for raw materials including imported beef and seafood, increased the cost burden and affected business operations.」
In addition to the previous increases in raw material and energy prices, the description explicitly identifies higher rice, imported beef and seafood prices and states that the resulting cost burden affected business operations. - 2026-05-29AdvancedGeneral Meeting of Shareholders
「調達・配送網の再編、及び新たな調達チャネルの開拓を進めてまいります。」
通商政策・関税措置・地政学的リスクへの対応として、調達リスク分析に加え、調達・配送網再編と新たな調達チャネル開拓を継続している。 - FY2026-H1ReframedAnnual report
「The business environment surrounding the Group was affected by soaring domestic rice prices and food-ingredient prices, including imported beef, amid continuing uncertainty over the outlook for US trade policy and heightened tensions in the global situation.」
Regarding the risk of higher raw material and energy prices, soaring domestic rice prices and higher ingredient prices, including imported beef, are identified as specific factors affecting the business. - FY2025WorsenedAnnual report
「The Group procures the ingredients used at its stores from Japan and overseas and is working to diversify suppliers and take other measures to address the risk of price increases and procurement difficulties caused by climate change and foreign exchange fluctuations. In addition, regarding the risks from the so-called “Trump tariffs” in recent years, the Group will analyze procurement risks from a global perspective and proceed with restructuring its procurement network and developing new procurement channels.」
Regarding raw material price and procurement risks, the description explicitly adds the risks from the Trump tariffs to the previous risks related to climate change and foreign exchange fluctuations, and states that the Group will restructure its procurement network and develop new procurement channels. - FY2025-H1ReframedAnnual report
「The operating environment surrounding the Group remained uncertain due to higher raw material and energy prices resulting from the prolonged situation in Ukraine, among other factors.」
The wording concerning the factors behind higher raw material and energy prices has returned from the generalized geopolitical risk cited in the previous quarter to an explicit reference to the prolonged situation in Ukraine. - FY2024-Q3ReframedAnnual report
「The operating environment surrounding the Company remained uncertain due to persistently high raw material and energy prices resulting from increased geopolitical risks, among other factors.」
The wording concerning the factors behind persistently high raw material and energy prices has changed from the previous reference to the prolonged situation in Ukraine to the more generalized increase in geopolitical risks. - FY2024-Q2RestatedAnnual report
「The operating environment surrounding the Company remained uncertain due to persistently high raw material and energy prices resulting from the prolonged situation in Ukraine, among other factors.」
Persistently high raw material and energy prices continue as a cost pressure against the backdrop of the prolonged situation in Ukraine. - FY2024-Q1WorsenedAnnual report
「Sales at Hama Sushi for the cumulative first quarter of the current consolidated fiscal year were ¥44,108 million, up 16.4% year on year, while operating profit was ¥1,762 million, down 1.2% year on year, due to soaring raw material prices for seafood.」
Soaring raw material prices for seafood are identified as a specific factor behind the decline in Hama Sushi’s operating profit. - FY2023ReframedAnnual report
「The Group procures the ingredients used at its stores from Japan and overseas and is working to diversify suppliers and take other measures to address the risk of price increases caused by conflicts in countries of origin, climate change and foreign exchange fluctuations.」
Regarding the risk of higher ingredient and energy costs, climate change, conflicts in countries of origin and foreign exchange fluctuations are explicitly identified as factors, with supplier diversification organized as a response measure. - FY2023-Q3RestatedAnnual report
「However, the food service industry continued to face a challenging environment due to soaring raw material and energy prices resulting from the prolonged situation in Ukraine and the rapid depreciation of the yen, among other factors.」
Soaring raw material and energy prices have continued due to the prolonged situation in Ukraine, and the rapid depreciation of the yen continues to be cited as a cost pressure. - FY2023-Q2WorsenedAnnual report
「The food service industry continues to face a challenging environment due to soaring raw material and energy prices resulting from the prolonged situation in Ukraine and the rapid depreciation of the yen, among other factors.」
While raw material and energy prices continue to soar, the rapid depreciation of the yen is explicitly identified as a new cost pressure. - FY2023-Q1WorsenedAnnual report
「The operating environment surrounding the Company was affected by soaring global energy and raw material prices resulting from geopolitical risks, including the situation in Ukraine, and supply constraints, while sales in the domestic food service business began to recover following the lifting of the priority preventive measures against the spread of disease at the end of March 2022.」
Continued soaring global energy and raw material prices are described as an actual factor in the operating environment, with cost pressures driven by the situation in Ukraine and supply constraints continuing. In the retail business, higher energy costs and delivery expenses are also identified as factors contributing to the operating loss. - FY2022WorsenedAnnual report
「Although sales in each business format recovered through the end of 2021 following the end of the fifth wave of infections, the operating environment again became challenging due to the reissuance of the priority preventive measures against the spread of disease in January 2022 and soaring global energy and raw material prices, among other factors.」
Regarding ingredient price risk, the description states that soaring global energy and raw material prices actually affected the operating environment during the fiscal year. - FY2022-Q3MaterialisedAnnual report
「At present, business conditions have become difficult to predict due to the normalization of global inflation and the rapid spread of the Omicron variant, whose characteristics, including its severity rate, differ from those of the first through fifth waves of the pandemic, raising the question of whether new infection-control measures suited to those characteristics while also maintaining economic activity will be implemented.」
In relation to the previous risk of higher ingredient and energy costs, the normalization of global inflation is described as a current factor in the operating environment. - FY2019-Q3MaterialisedAnnual report
「In the food service industry, the operating environment remained challenging due to the lack of strength in personal consumption, soaring ingredient prices and rising labor costs.」
Regarding the risk of higher ingredient procurement costs, soaring ingredient prices continue to be described as an actual factor in the operating environment. - FY2019-Q2MaterialisedAnnual report
「In the food service industry, the operating environment remained challenging due to the lack of strength in personal consumption, soaring ingredient prices and rising labor costs.」
Regarding the risk of higher ingredient procurement costs, soaring ingredient prices continue to occur as an actual factor in the operating environment for the quarter. - FY2019-Q1MaterialisedAnnual report
「In the food service industry, the operating environment remained challenging due to the lack of strength in personal consumption amid stagnant real wage growth, as well as soaring ingredient prices and rising labor costs.」
For ingredient procurement costs, which had previously been identified as a risk, soaring ingredient prices are now described as an actual factor in the operating environment for the quarter. - FY2018MaterialisedAnnual report
「In the food service industry, personal consumption was gradually recovering, but the operating environment remained challenging due to soaring ingredient prices and rising labor costs.」
For ingredient procurement costs, which had previously been identified as a risk, soaring ingredient prices are described as an actual factor in the full-year operating environment. - FY2018-Q3MaterialisedAnnual report
「Although personal consumption was gradually recovering, the food-service industry faced difficult business conditions due to soaring food-ingredient prices and rising labor costs.」
For ingredient costs, which had previously been identified as a risk, soaring ingredient prices are now described as an actual factor in the operating environment for the quarter. - FY2017ReframedAnnual report
「Because the Company and its Group use a wide range of ingredients, they implement risk-hedging measures such as developing sources of origin and diversifying procurement. However, if difficulties in procuring raw materials or price surges occur due to outbreaks of diseases such as those symbolized by the BSE and avian influenza issues, adverse weather, natural disasters, fluctuations in foreign exchange rates or other factors, this could adversely affect the operating results and financial condition of the Company and its Group.」
In addition to the previous references to cost-reduction results, the description explicitly identifies disease outbreaks, weather, natural disasters and foreign exchange movements as causes of procurement difficulties and price surges, and also indicates risk hedging through diversified procurement. - FY2017-Q3RestatedAnnual report
「In terms of earnings, profit increased year on year due to reductions in ingredient procurement costs, particularly beef prices, and energy costs, among other factors.」
The description continues to state that earnings are being secured through reductions in ingredient procurement costs and energy costs. - FY2017-Q2RestatedAnnual report
「In terms of earnings, profit increased year on year due to reductions in ingredient procurement costs, particularly beef prices, and energy costs, among other factors.」
The description continues to state that earnings are being secured through reductions in ingredient procurement costs and energy costs. - FY2017-Q1First statedAnnual report
「Profit increased year on year due to reductions in ingredient procurement costs, particularly beef prices, and energy costs, among other factors.」
The description indicates exposure to ingredient and energy costs and states that the company addressed this through cost reductions.