Improved profitability in the off-market seafood wholesale business through a higher gross profit margin
First written in FY2017-Q3. 9 of 20 entries say "Advanced", first in FY2017. Latest entry: 2026-11-12.
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- FY2026WorsenedAnnual report
「Profit declined because the lower gross profit margin resulting from higher product procurement costs and the increase in SG&A expenses, mainly logistics costs, could not be fully offset. As a result, revenue was ¥143,261 million, or 105.3% of the previous year's level, and segment profit was ¥1,587 million, or 82.6% of the previous year's level.」
The off-market seafood wholesale business moved from a period of improvement driven by the pass-through of higher procurement costs to lower profit, as the decline in the gross profit margin and the increase in SG&A expenses, mainly logistics costs, could not be fully offset. - FY2026-H1Continued cost pass-through, lower profitAnnual report
「The off-market seafood wholesale business increased revenue by working to pass higher product procurement costs and selling, general and administrative expenses through to selling prices amid firm demand related to restaurants, accommodation and inbound tourism. However, it could not fully offset the increase in SG&A expenses, mainly logistics costs, resulting in revenue of ¥66,101 million, or 102.6% of the previous year's level, and segment profit of ¥592 million, or 93.6% of the previous year's level.」
Although measures to pass higher procurement costs and SG&A expenses through to selling prices continued, the increase in SG&A expenses, mainly logistics costs, could not be fully offset, and segment profit was 93.6% of the previous year's level. - FY2025AdvancedAnnual report
「The pass-through of higher product procurement costs to selling prices lifted the gross profit margin. Revenue was ¥135,992 million, or 103.5% of the previous year's level, and segment profit was ¥1,922 million, or 133.7% of the previous year's level.」
In the off-market seafood wholesale business, the pass-through of higher procurement costs lifted the gross profit margin, and segment profit reached 133.7% of the previous year's level. - FY2025-H1AdvancedAnnual report
「Although logistics and personnel expenses increased amid firm demand related to restaurants, accommodation and inbound tourism, the pass-through of higher product procurement costs to selling prices lifted the gross profit margin. Revenue was ¥64,432 million, or 101.9% of the previous year's level, and segment profit was ¥633 million, or 155.5% of the previous year's level.」
In the off-market seafood wholesale business, the pass-through of higher procurement costs to selling prices lifted the gross profit margin, and segment profit reached 155.5% of the previous year's level. - FY2024-Q3AdvancedAnnual report
「In the off-market seafood wholesale business, demand related to restaurants, accommodation and inbound tourism was recovering, while product procurement costs and other costs were rising. The pass-through of these costs to selling prices improved the gross profit margin, resulting in revenue of ¥101,846 million, or 104.4% of the same quarter of the previous year, and segment profit of ¥1,333 million, or 222.6% of the same quarter of the previous year.」
The pass-through of higher costs to selling prices improved the gross profit margin, increasing segment profit from ¥599 million in the previous period to ¥1,333 million. - FY2024-Q2AdvancedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, saw revenue increase as sales related to restaurants and accommodation and inbound demand gradually recovered. An improved gross profit margin resulted in revenue of ¥63,234 million, or 106.0% of the same quarter of the previous year, and segment profit of ¥407 million, compared with a segment loss of ¥41 million in the same quarter of the previous year.」
The improved gross profit margin turned the segment loss of ¥41 million into a profit of ¥407 million, while revenue reached 106.0% of the previous year's level. - FY2024-Q1AdvancedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, saw firm sales related to in-home consumption, while sales related to restaurants and accommodation and inbound demand gradually recovered. Revenue increased with higher selling prices, and despite rising procurement costs, revenue was ¥30,775 million, or 106.9% of the same quarter of the previous year, and segment profit was ¥46 million, compared with a segment loss of ¥86 million in the same quarter of the previous year.」
The off-market seafood wholesale business turned from a segment loss of ¥86 million in the previous period to a profit of ¥46 million, while revenue reached 106.9% of the previous year's level. - FY2023AdvancedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, saw firm sales related to in-home consumption, while sales related to restaurants and accommodation and inbound demand gradually recovered. Revenue increased with higher selling prices, and despite rising procurement costs, revenue was ¥126,456 million, or 111.5% of the same period of the previous year, and segment profit was ¥414 million, compared with a segment loss of ¥545 million in the previous period.」
The off-market seafood wholesale business turned from a segment loss of ¥545 million in the previous year to a profit of ¥414 million, while revenue reached 111.5% of the previous year's level. - FY2023-Q3AdvancedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, saw firm sales related to in-home consumption and signs of recovery in sales related to restaurants and accommodation. Revenue increased with higher selling prices, and despite rising procurement costs and falling market prices for core seafood products, revenue was ¥97,553 million, or 110.8% of the same quarter of the previous year, and segment profit was ¥599 million, compared with a segment loss of ¥139 million in the same quarter of the previous year.」
The off-market seafood wholesale business turned from a loss of ¥139 million in the previous period to a profit of ¥599 million, while revenue reached 110.8% of the previous year's level. - FY2023-Q2AdvancedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, improved its performance as sales to mass retailers remained firm and sales related to restaurants and accommodation showed signs of recovery. However, the delayed pass-through of higher procurement costs and logistics and other expenses resulted in revenue of ¥59,635 million, or 115.1% of the same quarter of the previous year, and a segment loss of ¥41 million, compared with a segment loss of ¥700 million in the same quarter of the previous year.」
The segment loss in the off-market seafood wholesale business narrowed from ¥700 million in the same period of the previous year to ¥41 million, while revenue reached 115.1% of the previous year's level. However, the delayed pass-through of higher procurement and logistics costs continued. - FY2023-Q1Narrower loss, delayed pass-through of higher costsAnnual report
「Sales to mass retailers remained firm, supported by the acquisition of new customers, while sales related to restaurants and hotels also showed signs of recovery, resulting in higher revenue in the off-market seafood wholesale business. However, the delayed pass-through of higher logistics and other costs resulted in revenue of ¥28,788 million, or 116.2% of the same quarter of the previous year, and a segment loss of ¥86 million, compared with a segment loss of ¥435 million in the same quarter of the previous year.」
The segment loss narrowed from ¥435 million in the same period of the previous year to ¥86 million, while the delayed pass-through of higher logistics and other costs continued to weigh on profitability. - FY2022-Q3Continued decline in gross profit marginAnnual report
「The segment loss was ¥139 million, compared with a segment loss of ¥289 million in the same quarter of the previous year, due to a lower gross profit margin and higher direct expenses, including transportation costs.」
In the off-market seafood wholesale business, the segment loss narrowed from the previous period, although the lower gross profit margin and higher direct expenses, including transportation costs, are reported. - FY2021-Q2DroppedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, reported revenue of ¥49,045 million, or 86.8% of the same quarter of the previous year, and a segment loss of ¥887 million, compared with a segment loss of ¥118 million in the same quarter of the previous year, as sales to mass retailers increased but sales related to restaurants and hotels declined substantially.」
The previous reference to an improved gross profit margin has been removed, while the decline in restaurant and hotel-related sales and a segment loss of ¥887 million are reported. - FY2020-Q3Renewed appearance of profitability improvement measuresAnnual report
「Although the selling price declined due to falling market prices for some fish species and other factors, higher sales volume lifted revenue to ¥92,718 million, or 103.7% of the same quarter of the previous year. Higher revenue and an improved gross profit margin resulted in segment profit of ¥439 million, or 195.5% of the same quarter of the previous year, in the off-market seafood wholesale business.」
The previously omitted reference to an improved gross profit margin has been reinstated, and segment profit was 195.5% of the previous year's level. - FY2018-Q1DroppedAnnual report
「The off-market seafood wholesale business, which has an extensive distribution network supported by sales locations covering areas throughout Japan, reported revenue of ¥26,895 million, or 99.1% of the same quarter of the previous year, as lower sales volume offset the higher selling price. The decline in revenue resulted in a segment loss of ¥103 million, compared with a segment loss of ¥100 million in the same quarter of the previous year.」
The previous reference to an improved gross profit margin has been removed, while a segment loss attributable to lower revenue is reported. - FY2017AdvancedAnnual report
「Although the selling price increased, sales volume declined and revenue was ¥119,513 million, or 99.2% of the same period of the previous year. Segment profit was ¥452 million, compared with a segment loss of ¥45 million in the previous period, owing to the higher gross profit margin in the off-market seafood wholesale business.」
The higher gross profit margin turned the off-market seafood wholesale business from a segment loss of ¥45 million in the previous year to a profit of ¥452 million. - FY2017-Q3First statedAnnual report
「Although revenue was ¥93,166 million, or 98.7% of the same quarter of the previous year, due to lower sales volume and a decline in the selling price, segment profit was ¥610 million, or 285.4% of the same quarter of the previous year, owing to an improved gross profit margin.」
The company identified an improved gross profit margin as a specific measure to improve profitability in the off-market seafood wholesale business and disclosed segment profit of ¥610 million, or 285.4% of the same quarter of the previous year.