Intensifying price competition driven by safety and low-price preferences and shrinking market distribution
First written in FY2016. 14 of 38 entries say "Restated". Latest entry: 2026-08-13.
Tsukiji Uoichiba moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
0 other companies' latest entry also says "Worsened".
- 2026-08-13WorsenedEarnings
「円安進行による物価上昇圧力が強く、個人消費は引き続き節約志向となっております。」
円安・物価上昇を背景とする個人消費の節約志向が継続している。 - FY2026WorsenedAnnual report
「However, the figure declined again in 2022 and continued to fall in 2025, decreasing 2% from the previous year to 17.8 kg. Per-capita spending on fresh seafood, which had generally remained flat in recent years, rose 1% year on year to ¥41,100 in 2025, partly owing to higher seafood unit prices.」
Household seafood purchases continued to decline, reaching 17.8 kg, while spending rose to ¥41,100 on higher unit prices, indicating a contraction in demand volume alongside price increases. - FY2026-H1WorsenedAnnual report
「Across the food sector, successive price increases resulting from higher raw material, logistics and personnel costs have further heightened consumers’ focus on protecting their household finances, and difficult industry conditions continue.」
Notes that higher prices have further heightened consumers’ focus on protecting their household finances, intensifying the challenges on both the demand and pricing fronts. - FY2025WorsenedAnnual report
「In 2024, the figure continued to decline, falling 2% from the previous year to 18.1 kg. Per-capita spending on fresh seafood, which had generally remained flat in recent years, rose 2% year on year to ¥41,100 in 2023, owing in part to higher prices, but fell 2% year on year to ¥40,600 in 2024.」
Both annual household seafood purchases and spending on fresh seafood declined, providing updated quantitative evidence of challenging demand conditions. - FY2025-H1Solid sales to business customers coexisting with weaker consumer sentimentAnnual report
「Sales to business customers were generally solid as dining out, tourism and inbound-related consumption expanded. However, unit prices have remained high, owing to lower catches of popular fish caused by global warming and higher costs for imported seafood resulting from the weak yen. Across the food sector, successive price increases for processed foods such as frozen foods and confectionery have also weakened consumer sentiment.」
Notes that sales to business customers were solid on growth in dining out, tourism and inbound-related consumption, while food price increases weakened consumer sentiment. - FY2024WorsenedAnnual report
「In 2023, the figure continued to decline, falling 5% from the previous year to 18.5 kg. Annual spending, which had generally remained flat in recent years, rose 2% year on year to ¥41,100 in 2023, owing in part to higher prices.」
Household seafood purchases declined to 18.5 kg, while annual spending rose to ¥41,100 on higher prices, indicating a contraction in demand alongside price increases. - FY2024-Q3RestatedAnnual report
「In the seafood wholesale industry surrounding our company, demand from food-service businesses and inbound consumption had begun to recover, but the yen remains weak and prices continue to rise.」
Describes a demand and pricing environment in which the yen remains weak and prices continue to rise, while demand for dining out and inbound consumption is recovering. - FY2024-Q2RestatedAnnual report
「In the seafood wholesale industry surrounding our company, demand from food-service businesses and inbound consumption had begun to recover. However, the industry has been significantly affected by higher procurement costs, including sluggish consumer sentiment amid rising prices for food and daily necessities due to the international situation described above, higher logistics costs, and declining seafood imports.」
It continues to describe a demand environment in which recovery in food-service demand and inbound consumption coexists with weak consumer sentiment due to rising prices and declining seafood imports. - FY2024-Q1Recovery in food-service and inbound demand coexisted with weak consumer sentimentAnnual report
「In the seafood wholesale industry surrounding our company, demand from food-service businesses and inbound consumption had begun to recover. However, the industry has been significantly affected by higher procurement costs, including sluggish consumer sentiment amid rising prices for food and daily necessities due to the international situation described above, higher logistics costs, and declining seafood imports, and the difficult industry environment has continued.」
Recovery in food-service demand and inbound consumption has coexisted with difficult demand and distribution conditions, including weak consumer sentiment due to rising prices and declining seafood imports. - FY2023WorsenedAnnual report
「Purchases declined again in 2022, falling 15% from the previous year to 19.5 kg. Annual spending, which had remained broadly flat in recent years, also declined 6% from the previous year to ¥40,200 in 2022.」
It states that both annual household purchases of fish and shellfish and spending declined, while the consumer price index rose 14% from the previous year. The contraction in demand and rise in prices are quantified. - FY2023-Q3RestatedAnnual report
「Although restrictions on activities related to COVID-19 were gradually eased, demand remained far from a full recovery and the difficult industry environment continued.」
It reiterates the view that demand has not fully recovered and difficult conditions continue even after restrictions on activities were eased. - FY2023-Q2RestatedAnnual report
「Although restrictions on activities related to COVID-19 were gradually eased, demand remained far from a full recovery and the difficult industry environment continued.」
It reiterates the view that, although restrictions on activities have been eased, demand has not fully recovered and difficult conditions continue. - FY2023-Q1Demand recovery remains incompleteAnnual report
「Although restrictions on activities related to COVID-19 were gradually eased, demand remained far from a full recovery and the difficult industry environment continued.」
While describing the easing of restrictions on activities, it explains that demand had not fully recovered and that the difficult industry environment continued. - FY2022WorsenedAnnual report
「Purchases declined again in 2021, falling 4% from the previous year to 23.0 kg. Annual spending, which had remained broadly flat in recent years, also declined 2% from the previous year to ¥42,600 in 2021.」
It gives figures for the decline in household purchases of fish and shellfish and annual spending, providing concrete evidence of difficult demand conditions. - FY2022-Q3Addition of declining import volumesAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including sluggish sales of high-priced products, higher procurement unit prices, weak demand for seafood from business customers and lower import volumes due to changes in demand in various countries, all resulting from the effects of the infection.」
In addition to weak sales of high-priced products and sluggish demand from business customers, it describes declining import volumes due to changes in demand in other countries as a factor contributing to difficult demand and distribution conditions. - FY2022-Q2Weak sales to business customers due to restrictions on food-service businesses and intensifying procurement competitionAnnual report
「Due to the impact of the infection, sales to business customers struggled amid the disappearance of inbound consumption and declining demand from the food-service industry resulting from shorter operating hours and restrictions on serving alcoholic beverages. At the same time, prices tended to rise in other countries as their economies recovered, intensifying competition to procure seafood, and the difficult industry environment continued.」
In addition to the disappearance of inbound consumption, it describes declining food-service demand and weak sales to business customers due to shorter operating hours and restrictions on serving alcoholic beverages. It also notes intensifying procurement competition. - FY2022-Q1Stay-at-home demand coexisted with declining demand from business customersAnnual report
「Sales to mass retailers progressed steadily on the back of increased stay-at-home demand, but sales to business customers struggled due to the disappearance of inbound consumption and the decline in demand from the food-service industry resulting from the impact of the infection.」
Steady sales to mass retailers driven by stay-at-home demand coexisted with weak sales to business customers due to the disappearance of inbound consumption and declining food-service demand. - FY2021Household demand increased while the market-channel ratio declinedAnnual report
「In 2020, annual purchases increased by 4% from the previous year to 23.9 kg due to the spread of COVID-19. As a result, the proportion of consumption-area markets served through wholesale markets has declined year after year in recent years.」
It describes an increase in household purchases of fish and shellfish due to the infection, while the downward trend in domestic consumption for household use, the increase in outside-market distribution, and the decline in the market-channel ratio have continued. - FY2021-Q3Explicit reference to declining demand from food-service businessesAnnual report
「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued due to the impact of the infection, including weak sales and falling prices for high-priced products, an extreme decline in seafood demand from business customers and food-service businesses, and stagnation in imports and exports.」
In addition to the previously described weakness in high-priced products, declining demand from business customers, and stagnation in imports and exports, it explicitly notes an extreme decline in demand from food-service businesses. - FY2021-Q2RestatedAnnual report
「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued due to the impact of the infection, including weak sales and falling prices for high-priced products, an extreme decline in seafood demand from business customers, and stagnation in imports and exports.」
It continues to describe the demand and distribution impacts of COVID-19, including falling prices for high-priced products, declining demand from business customers, and stagnation in imports and exports. - FY2021-Q1MaterialisedAnnual report
「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued due to the impact of the infection, including weak sales and falling prices for high-priced products, an extreme decline in seafood demand from business customers, and stagnation in imports and exports.」
It states that COVID-19 has actually caused falling prices for high-priced products, an extreme decline in demand from business customers, and stagnation in imports and exports. - FY2020WorsenedAnnual report
「Per-capita consumption of edible fish and shellfish in Japan peaked at 40.2 kg per year in 2001 and then continued to decline as younger people aged 40 and under increased their consumption of meat, the population aged, and demand shifted toward processed products amid changes in consumption patterns. It fell below meat consumption for the first time in 2011 and declined by 0.5 kg from the previous year to 23.9 kg per year in 2018. Domestic distribution volume has declined accordingly.」
Domestic per-capita consumption of fish and shellfish declined to 23.9 kg per year, providing further concrete evidence of the structural demand-side risks of a lower market-channel ratio and declining domestic distribution volume. - FY2020-Q3Explicit reference to intensifying competition across industries and business formatsAnnual report
「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued amid structural issues including declining catches due to fluctuations in the marine environment and weather conditions, shrinking within-market distribution, intensifying competition across industries and business formats, and higher logistics costs. Other factors include higher procurement costs resulting from expanding international seafood consumption, efforts to protect marine resources, and consumers' entrenched preference for saving money.」
In addition to the difficult pricing and logistics conditions caused by shrinking within-market distribution, it describes intensifying competition across industries and business formats as a structural issue. - FY2020-Q2RestatedAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」
It continues to describe the difficult demand and pricing conditions, including price competition caused by shrinking within-market distribution, higher transaction prices due to expanding global seafood consumption, and households' preference for saving money. - FY2020-Q1RestatedAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」
It reiterates the difficult demand and pricing conditions, including price competition caused by shrinking within-market distribution, higher transaction prices due to expanding global seafood consumption, and households' preference for saving money. - FY2019WorsenedAnnual report
「Per-capita consumption of edible fish and shellfish in Japan declined from a peak of 40.2 kg per year in 2001 to 24.4 kg per year in 2017, as younger people aged 40 and under increased their consumption of meat, the population aged, and demand shifted toward processed products amid changes in consumption patterns. Domestic distribution volume has declined accordingly. In addition, outside-market distribution has increased through direct transactions between fishermen and shipping companies at production areas and retailers, and direct sales to consumers over the internet.」
It quantifies the decline in domestic consumption from 40.2 kg to 24.4 kg and gives concrete form to the increase in outside-market distribution and decline in domestic distribution volume as demand and distribution risks. - FY2019-Q3Explicit reference to higher procurement costsAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions, intensified price competition due to shrinking in-market distribution and higher logistics costs, as well as higher procurement costs resulting from growing international seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」
In addition to the previously noted shrinking within-market distribution, price competition, higher logistics costs, and households' preference for saving money, it describes higher procurement costs resulting from expanding international seafood consumption. - FY2019-Q2Addition of higher logistics costsAnnual report
「In the seafood wholesale industry surrounding our company, the difficult industry environment has continued amid structural issues including declining catches due to fluctuations in the marine environment and weather conditions, intensifying price competition due to shrinking within-market distribution, and higher logistics costs. Other factors include rising transaction prices due to expanding global seafood consumption, efforts to protect marine resources, and the entrenched preference among households to save money.」
In addition to shrinking within-market distribution, price competition, and households' preference for saving money, it identifies higher logistics costs as a factor affecting the industry environment. - FY2019-Q1Addition of demand and pricing factorsAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as reduced catches due to fluctuations in the marine environment and weather conditions and intensified price competition due to shrinking in-market distribution, as well as higher transaction prices resulting from growing global seafood consumption, moves to protect marine resources and persistent household preferences for saving money.」
While continuing to describe price competition caused by shrinking within-market distribution, it also identifies rising transaction prices due to expanding global seafood consumption and households' preference for saving money as factors contributing to difficult demand and pricing conditions. - FY2018-Q3RestatedAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, with persistent structural issues including reduced catches due to adverse weather conditions such as typhoons and torrential rain, fishing restrictions imposed by various countries, declining fisheries resources, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as persistent household preferences for saving money.」
It reiterates the difficult demand and distribution environment, including increasing outside-market distribution, shrinking within-market distribution, intensifying price competition, and households' preference for saving money. - FY2018-Q1RestatedAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including structural issues such as fishing restrictions imposed by various countries, declining fisheries resources, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as consumer preferences for safety and low prices and the declining consumption of fish.」
It reiterates the difficult demand environment, including shrinking within-market distribution, price competition, consumers' preference for safety and low prices, and consumers turning away from fish. - FY2017RestatedAnnual report
「The difficult industry environment has continued, including structural issues such as the increase in outside-market distribution and intensifying price competition due to shrinking within-market distribution, consumers' preference for safety and low prices, and consumers turning away from fish.」
It reiterates the difficult demand environment, including shrinking within-market distribution, price competition, consumers' preference for safety and low prices, and consumers turning away from fish. - FY2017-Q3RestatedAnnual report
「The wholesale seafood industry surrounding the Company continues to face a challenging environment, including reduced arrivals of fresh fish due to adverse weather conditions, the expansion of distribution outside wholesale markets and intensified price competition due to shrinking in-market distribution, as well as consumer preferences for safety and low prices and the declining consumption of fish.」
It reiterates the difficult demand environment, including increasing outside-market distribution, shrinking within-market distribution, price competition, consumers' preference for safety and low prices, and consumers turning away from fish. - FY2017-Q2RestatedAnnual report
「The difficult industry environment has continued, including structural issues such as the increase in outside-market distribution and intensifying price competition due to shrinking within-market distribution, consumers' preference for safety and low prices, and consumers turning away from fish.」
It continues to identify shrinking within-market distribution, increasing outside-market distribution, price competition, consumers' preference for safety and low prices, and consumers turning away from fish as industry issues. - FY2017-Q1RestatedAnnual report
「The difficult industry environment has continued, including structural issues such as intensifying price competition due to shrinking within-market distribution, consumers' preference for safety and low prices, and consumers turning away from fish.」
It reiterates the difficult demand environment, including shrinking within-market distribution, price competition, consumers' preference for safety and low prices, and consumers turning away from fish. - FY2016First statedAnnual report
「On the demand side, consumers' preference for safe, low-priced products has continued, while price competition has intensified as within-market distribution has contracted, and the difficult industry environment has continued.」
It identifies continued consumer preferences, shrinking within-market distribution, and intensifying price competition as the current industry environment.