Intensifying Competition in the Frozen Food Business and Changes in Trading Partners
First written in FY2021. 4 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026RestatedAnnual report
「In the food distribution industry in which our frozen foods business operates, competition among retail customers has intensified across industry and business-format boundaries, and restructuring is taking place within the retail industry. As a result, customers may consolidate their transactions among wholesalers or change the wholesaler handling their purchases. In addition, if complaints arise regarding merchandising or ordering operations, which are ancillary services of our full-maintenance offering, the wholesaler arrangement may be changed.」
It identifies the possibility of changes in wholesale arrangements due to intensifying competition and restructuring in the food distribution industry, consolidation among transaction wholesalers, and complaints about merchandising and ordering operations. - FY2024RestatedAnnual report
「In the food distribution industry in which our frozen foods business operates, competition among retail customers has intensified across industry and business-format boundaries, and restructuring is taking place within the retail industry. As a result, customers may consolidate their transactions among wholesalers or change the wholesaler handling their purchases.」
It continues to address the risks of intensifying competition and restructuring in the food distribution industry, consolidation among transaction wholesalers and changes in wholesale arrangements, through stronger full-maintenance services and sales activities. - FY2023RestatedAnnual report
「We are strengthening our full-maintenance services, a key strength, and our sales activities targeting customers, thereby deepening collaboration with them. However, if a customer reduces or terminates business with us due to its policies or other factors, this may affect our operating results and financial position.」
It continues to address the risks of intensifying competition, changes in wholesale arrangements, and reduced or terminated business through stronger full-maintenance services and sales activities. - FY2022RestatedAnnual report
「We are strengthening our full-maintenance services, a key strength, and our sales activities targeting customers, thereby deepening collaboration with them. However, if a customer reduces or terminates business with us due to its policies or other factors, this may affect our operating results and financial position.」
It continues to address the risk of reduced business or termination due to intensifying competition, consolidation among transaction wholesalers, changes in wholesale arrangements and complaints about services, through stronger sales and services. - FY2021First statedAnnual report
「Customers may consolidate their transactions among wholesalers or change the wholesaler handling their purchases.」
Against a backdrop of intensifying competition and restructuring in the retail industry, as well as complaints about merchandising and ordering operations, it cites the possibility of reduced or terminated business.