Intensifying competition due to increased distribution outside wholesale markets and changes in consumption patterns
First written in FY2016. 8 of 19 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Inbound demand remains solid alongside consumers' stronger inclination to economize due to higher pricesAnnual report
「During the interim consolidated accounting period, Japan's economy maintained a gradual recovery, supported by improvements in employment and income conditions and resilient inbound tourism demand. However, the outlook remains uncertain, with consumers expected to become more inclined to economise as food and daily necessities become more expensive, while US trade policy is also expected to cause volatility in the global economy.」
The situation has shifted to one in which the recovery in consumption driven by resilient inbound tourism demand coexists with greater consumer frugality due to rising food and daily necessities prices, and uncertainty arising from US trade policy. - FY2025Changes in the sales mix driven by the recovery in food service and inbound tourismAnnual report
「The volume of frozen products handled increased as demand from mass retailers and the food-service and inbound tourism sectors showed signs of recovery, resulting in a year-on-year increase in the volume of seafood handled.」
In addition to the decline in stay-at-home demand and the consumption environment shaped by rising prices, the full-year results showed a sales mix in which the volume of frozen products handled increased against a backdrop of recovering food-service and inbound tourism demand. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 30 September, Japan's economy showed a gradual recovery, centered on domestic demand, as economic activity normalised following the reclassification of COVID-19 under the Infectious Diseases Act to Category 5, together with the recovery in inbound tourism. However, the outlook remains uncertain, with concerns that the weaker yen and higher prices, including rising energy costs and food prices, will dampen consumer sentiment.」
The consumption environment continues to be characterised by the coexistence of the reclassification of COVID-19 to Category 5, the recovery in economic activity and inbound tourism, and weaker consumer sentiment due to the weaker yen and rising prices. - FY2024-Q1Recovery in consumption following the easing of restrictions on activity alongside stronger consumer efforts to protect household finances due to higher pricesAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy saw a recovery in consumption, particularly domestic demand, as economic activity normalized and the inbound market recovered following the easing of restrictions on activity associated with COVID-19. However, financial markets and foreign exchange markets remained unstable, while the outlook for the economy remained uncertain as consumers became more focused on protecting household finances amid higher prices for energy and food.」
The consumption environment is described as one in which the decline in stay-at-home demand has coincided with the recovery in domestic demand and inbound tourism following the easing of restrictions on activity, as well as growing consumer concerns about protecting household finances amid rising prices. - FY2023Declining stay-at-home demand and growing consumer efforts to protect household financesAnnual report
「In the marine products wholesale industry, our group's core business, the sales environment has become difficult because stay-at-home demand declined and consumers became more focused on protecting household finances amid higher prices, despite progress in adapting to living with COVID-19, a recovery in foodservice demand and growth in export demand.」
The description has changed from stay-at-home demand and sales channel shifts during the infectious disease outbreak to declining stay-at-home demand and stronger consumer efforts to protect household finances due to higher prices as factors making the sales environment more difficult. - FY2023-Q2RestatedAnnual report
「Under these circumstances, in the marine products wholesale business, our group's core business, sales volumes declined, but sales and gross profit both performed well due to higher unit prices for marine products overall.」
The combination of lower sales volumes and solid sales and gross profit due to higher unit prices was confirmed again following the previous quarter. - FY2023-Q1Lower sales volumes to mass retailers and overseas markets alongside higher unit pricesAnnual report
「Under these circumstances, in the marine products wholesale business, our group's core business, sales volumes to mass retailers and overseas markets declined, but sales and gross profit both performed well due to the impact of higher unit prices.」
Previously, sales growth and solid performance for mass retailers and overseas markets had been reported. During the quarter, however, sales volumes declined while higher unit prices supported sales and gross profit. - FY2022Difficulties in the foodservice sector alongside expansion in overseas and mass-retail salesAnnual report
「In the marine products wholesale industry, our group's core business, a difficult sales environment continued, particularly for the foodservice sector. Meanwhile, exports to overseas markets, which recovered early from the effects of COVID-19, and sales to mass retailers driven by continued stay-at-home demand expanded.」
The full-year sales structure shows continued difficulties in sales to the foodservice sector alongside expanded exports to overseas markets and increased sales to mass retailers. - FY2022-Q3Recovery in sales to the foodservice sectorAnnual report
「Under these circumstances, the marine products wholesale business, our group's core business, faced soaring prices for some wild-caught species due to poor catches caused by changes in fishing grounds believed to result from rising seawater temperatures and damage to fisheries from red tides. Prices of marine products also rose in line with strong overseas markets, and the arrival of imported products was delayed due to the effects of COVID-19. However, sales to the foodservice sector gradually recovered, while sales to mass retailers and overseas markets for premium products and other items continued to perform well.」
The description has changed from the previous difficulties in sales to the foodservice sector to a gradual recovery during the cumulative third quarter. Meanwhile, strong sales to mass retailers and overseas markets for premium products and other items have continued. - FY2022-Q2RestatedAnnual report
「Under these circumstances, in the marine products wholesale business, our group's core business, some fish species experienced soaring prices due to poor catches, and prices of marine products rose in line with strong overseas markets. However, sales to mass retailers and overseas markets performed relatively well.」
The sales channel structure continues to show difficult sales to the foodservice sector during the infectious disease outbreak, while sales to mass retailers and overseas markets remained relatively strong. - FY2022-Q1RestatedAnnual report
「Under these circumstances, in the marine products wholesale business, our group's core business, sales to the foodservice sector struggled, while sales to mass retailers, through direct sales and to overseas markets performed well. However, profit margins declined because procurement competition with strong overseas markets drove up raw material prices, and bird flu caused a sharp increase in egg prices.」
The document continues to describe a shift in sales channels, with sales to the foodservice sector struggling while sales to mass retailers, through direct sales and to overseas markets remained solid. - FY2021MaterialisedAnnual report
「In the marine products wholesale market industry, in which our group operates its core business, an extremely difficult sales environment continued, particularly for the foodservice sector. However, sales to mass retailers and through online channels expanded as stay-at-home demand increased, with people avoiding going out and spending more time at home.」
Changes in consumption patterns appeared over the full year as a shift in the sales structure, with sales to the foodservice sector remaining difficult while sales to mass retailers and through online channels expanded. - FY2021-Q3RestatedAnnual report
「Under these circumstances, sales to mass retailers and through online channels increased due to stay-at-home demand, and the refrigerated warehousing business also performed well, but sales to the foodservice sector remained difficult.」
Changes in consumption patterns during the COVID-19 pandemic continued to appear in the results as a shift in the sales structure, with sales to mass retailers and through online channels expanding while sales to restaurants remained difficult. - FY2021-Q2MaterialisedAnnual report
「Changes in food-related consumption patterns, including restrictions on going out, increased sales to mass retailers and through online channels, while the refrigerated warehousing business also performed well.」
Changes in consumption patterns were reflected in the actual sales structure as increased sales to mass retailers and through online channels. - FY2020RestatedAnnual report
「In Japan, distribution of marine products outside wholesale markets has increased as direct shipments from producing regions and online sales have expanded, intensifying competition with wholesalers operating outside the markets. In addition to the aging population, the consumption structure has changed rapidly in recent years as the number of people living alone has increased, and our group is under pressure to accurately identify and respond to these trends.」
The increase in distribution outside wholesale markets, intensifying sales competition, and changes in the consumption structure caused by the aging population and the increase in single-person households continue to be described as key operating conditions. - FY2019RestatedAnnual report
「In Japan, distribution of marine products outside wholesale markets has increased as direct shipments from producing regions and online sales have expanded, intensifying competition with wholesalers operating outside the markets. In addition to the aging population, the consumption structure has changed rapidly in recent years as the number of people living alone has increased, and our group is under pressure to accurately identify and respond to these trends.」
The increase in distribution outside wholesale markets, intensifying sales competition, and changes in the consumption structure caused by the aging population and the increase in single-person households continue to be described as operating conditions. - FY2018MaterialisedAnnual report
「In Japan, the proportion of marine products sold through markets has declined as direct shipments from producing regions and online sales have increased, and so-called distribution outside wholesale markets has continued to expand, intensifying competition with wholesalers operating outside the markets. In addition to the aging population, the consumption structure has changed rapidly in recent years as the number of people living alone has increased. To respond, mass retailers and the foodservice industry are accelerating improvements and reforms at each stage of distribution, processing and sales, creating a situation that cannot be overlooked.」
The increase in distribution outside wholesale markets and changes in the consumption structure have continued, taking concrete form in intensified sales competition and reforms at each stage of distribution, processing and sales. - FY2018-Q2RestatedAnnual report
「Consumers remain strongly inclined to economize, and the operating environment continues to be difficult.」
The document states that consumers remain strongly inclined to economize, reaffirming the difficult business environment caused by changes in demand and consumption patterns. - FY2016First statedAnnual report
「In Japan, the proportion of marine products sold through markets has declined as direct shipments from producing regions and online sales have increased, and so-called distribution outside wholesale markets is continuing to expand. Competition in sales both within and outside markets is intensifying. In addition to the declining birth rate and aging population, the consumption structure has changed rapidly in recent years as the number of people living alone has increased.」
Changes in distribution channels and demand patterns are presented as continuing competitive factors for the existing market business.