Pressure on Earnings from Higher Raw Material Prices and Labor Costs

「In terms of profit, all profit measures declined due to higher purchase prices for food ingredients, including rice, and increased logistics and other costs.」

「一方、利益面につきましては、米を始めとする食材仕入価格の上昇や物流費等の増加などにより、各利益ともに減益となりました。」

「Revenue increased mainly due to the expansion of overseas and domestic subsidiary businesses, while all profit categories declined because of higher procurement prices for ingredients, including rice, and increased logistics expenses and other costs.」

「Revenue increased, supported mainly by the effect of price revisions at domestic CoCo ICHIBANYA restaurants and the expansion of domestic and overseas subsidiary businesses. However, operating income and ordinary income declined because the substantial increase in costs, including higher procurement prices for rice and other ingredients and increased logistics expenses, could not be absorbed.」

「In terms of profit, although food-ingredient prices, including rice, soared and head-office selling, general and administrative expenses, including labor and logistics costs, increased, all profit measures increased due to strong sales.」

「Revenue increased as same-store sales remained strong. However, operating profit and ordinary profit fell below the previous year due to soaring prices for food ingredients used at stores and increased head-office selling, general and administrative expenses, including logistics and labor costs.」

「Although sales exceeded the previous year, supported by the implementation of various sales initiatives and the recovery in the movement of people following the reclassification of COVID-19 to Class 5 last May, all profit measures were below the previous year due to higher purchase prices for food ingredients and other items, as well as increased head-office selling, general and administrative expenses, including labor and logistics costs.」

「In terms of profit, although the prices of raw materials, labor and logistics remained high, operating profit, ordinary profit and net profit attributable to owners of the parent all exceeded the same period of the previous year, reflecting the recovery in sales across the Group.」

「In the food-service industry during the cumulative first quarter under review (1 March 2023 to 31 May 2023), sales gradually recovered as the movement of people recovered, supported by the reclassification of COVID-19 to Class 5 and an increase in visitors to Japan. However, the operating environment remained challenging due to persistently high raw-material, labor and logistics costs.」

「The operating environment remained difficult, with continued increases in all types of costs, including raw material, logistics, utilities and labor costs.」

「In terms of earnings, despite various cost-increase factors, including higher food material prices, particularly for cheese toppings, and higher costs for frying oil used at stores, takeaway bento containers, water and utilities, and logistics, operating income exceeded the same period of the previous year due to steady sales, among other factors.」

「In the food-service industry, customer traffic gradually recovered after the full lifting of the quasi-emergency measures to prevent the spread of disease in March. However, conditions remained increasingly difficult due to stagnant consumer sentiment amid rising prices, downward pressure on customer numbers from factors including the seventh wave of COVID-19, and various cost increases such as raw material prices, logistics expenses and utilities.」

「In terms of earnings, operating income fell below the same period of the previous year due to soaring purchase prices for frying oil and bento containers, among other factors, as well as lower sales at overseas subsidiaries, including those in China.」

「Difficulty securing personnel due to tight labor demand, soaring labor costs and continued increases in various costs, including logistics expenses, resulted in a persistently difficult operating environment.」

「In terms of earnings, operating income declined due to higher costs resulting from increased food material prices, labor expenses in the production division and repair expenses for factory renovation work, as well as increased selling, general and administrative expenses, primarily labor costs, due to higher hourly wages for part-time workers.」

「In terms of earnings, operating income declined due to the increase in the cost ratio resulting from higher labor and repair expenses in the production division, as well as an effective increase in selling, general and administrative expenses, primarily labor costs, due to work-style reform initiatives and higher hourly wages for part-time workers.」

「In terms of earnings, operating income and ordinary income both fell below the same period of the previous year due to continued increases in costs, particularly rice-related costs, as well as higher labor expenses resulting from work-style reform initiatives and increases in hourly wages for part-time workers.」

「The food-service industry continued to face a difficult environment due to competition with rival companies, difficulty securing personnel and rising food material prices.」

「In terms of earnings, despite revenue growth contributing to higher profit, operating income, ordinary income and profit attributable to owners of the parent decreased slightly from the same period of the previous year due to higher hourly wages for store part-time workers and rising food material costs, particularly rice.」

「In terms of earnings, despite the above revenue growth drivers, operating income and ordinary income increased only slightly from the same period of the previous year due to higher hourly wages for store part-time workers and rising food material costs, particularly rice.」

「The difficult operating environment is expected to continue, including rising labor and raw material costs and difficulty securing personnel. Although costs such as labor expenses are expected to increase, improving employee satisfaction and attracting more high-quality personnel are essential to sustainable corporate growth, and the Company will pursue these initiatives actively.」

「Operating income, ordinary income and quarterly net income attributable to owners of the parent each reached a new record high, driven by lower manufacturing costs resulting from improvements in raw materials and higher production volumes, as well as higher profits in overseas operations and external sales.」

「Although food procurement prices and selling, general and administrative expenses, particularly head-office expenses, increased, operating profit and ordinary profit both reached new record highs because net sales increased from the previous year.」