Supply and Market Price Volatility Driven by International Demand, Extreme Weather, Natural Disasters and Livestock Diseases
First written in FY2016. 17 of 30 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Starzen moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 64 companies on the "Worse" side.
21 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the meat industry, prices generally remained high. Chicken prices rose sharply as demand increased amid consumers' preference for lower prices, while supply constraints in exporting countries such as Brazil and Thailand persisted. High local prices for U.S. beef also contributed, and difficult procurement conditions continued.」
In addition to extreme weather, animal diseases, feed prices and exchange rates, supply constraints in Brazil and Thailand, high local prices for US beef and generally high meat market prices continued to contribute to a difficult procurement environment. - 2026-05-14WorsenedEarnings
「In particular, demand for chicken increased amid consumers’ preference for lower prices, while supply constraints in exporting countries such as Brazil and Thailand drove up market prices. Procurement conditions also remained challenging due in part to higher local prices for U.S. beef.」
Supply constraints and rising market prices in chicken-exporting countries, together with higher local prices for U.S. beef, have made procurement conditions more challenging. - FY2026-H1WorsenedAnnual report
「In the meat industry, domestic pork shipments declined due to last year's extreme heat, and market prices fluctuated sharply. In addition, with feed prices remaining high, meat market prices generally remained high due to factors including high local prices for US beef and a decline in chicken imports, resulting in a difficult procurement environment.」
In addition to existing supply fluctuation risks from extreme weather, animal diseases, feed prices and exchange rates, lower domestic pork shipments due to extreme heat, high local prices for US beef and reduced chicken imports emerged as actual factors contributing to a difficult procurement environment. - FY2025-H1WorsenedAnnual report
「The procurement environment was difficult in the meat industry, due to volatile exchange rates and persistently high feed prices, as well as the impact of a sharp rise in domestic pork prices following last year's extreme heat and outbreaks of classical swine fever in various regions.」
In addition to existing risks from animal diseases, extreme weather and surging import prices, extreme heat and outbreaks of classical swine fever have emerged in practice as a sharp rise in domestic pork prices and a difficult procurement environment. - FY2024-Q2WorsenedAnnual report
「In the meat industry, supply concerns have emerged, including the spread of African swine fever in Europe, a decline in the US cattle herd due to drought, and outbreaks of avian influenza in South America, while meat import prices remain high. In Japan, amid a decline in hog shipments due to extreme heat, an outbreak of classical swine fever in Kyushu, the first in the region, disrupted the domestic pork supply system.」
In addition to existing overseas risks from animal diseases, extreme weather and surging import prices, declining shipments due to extreme heat in Japan and disruption to the pork supply system caused by an outbreak of classical swine fever in Kyushu have been identified, broadening the scope of supply fluctuation risks. - FY2024-Q1WorsenedAnnual report
「In the meat industry, supply concerns have emerged, including the spread of African swine fever in Europe, a decline in the US cattle herd due to drought, and outbreaks of avian influenza in South America, while meat import prices remain high.」
In addition to the existing increases in import and feed prices, African swine fever in Europe, a decline in the US cattle herd due to drought, and avian influenza in South America have emerged as specific supply concerns, with import prices remaining high. - FY2023WorsenedAnnual report
「The meat industry continues to face difficult conditions, including a gradual stabilization in meat consumption and continued surges in meat import prices, feed prices and energy costs.」
In addition to the stabilization of meat consumption, surging import prices, feed prices and energy costs continued throughout the fiscal year, and higher costs associated with supply-demand and market-price fluctuations persisted. - FY2023-Q2WorsenedAnnual report
「In the meat industry, meat consumption has begun to stabilize, while import prices for meat, feed prices and energy costs continue to rise. The difficult environment persists.」
In addition to the existing surge in import and feed prices, surging energy costs have also been identified, broadening the risk factors for higher procurement and production costs. - FY2023-Q1WorsenedAnnual report
「In addition to concerns over the prolonged situation in Ukraine, the outlook remains uncertain, with COVID-19 infections expected to spread again from July onward. The meat industry is expected to face difficult conditions, including continued surges in meat import and feed prices as meat consumption begins to stabilize, and close attention to developments is required.」
In addition to traditional supply-demand and market-price fluctuation risks, the prolonged situation in Ukraine and surging import and feed prices have been identified, clarifying the factors driving higher procurement costs. - FY2022WorsenedAnnual report
「In the meat industry, supply-demand balances are expected to change significantly due to production restrictions, import and export restrictions resulting from the spread of COVID-19 and worsening global conditions. There are concerns that meat procurement prices may surge and that procurement itself may become difficult.」
Traditional supply-demand and market-price fluctuation risks have become more specific, with production and import/export restrictions and worsening global conditions identified as factors that could cause procurement prices to surge and make procurement difficult. - FY2022-Q3RestatedAnnual report
「In addition, the business continues to face a highly uncertain environment, including significant fluctuations in procurement and sales conditions for individual products due to the global spread of coronavirus infections and other factors.」
Significant fluctuations in the procurement and sales conditions for meat products due to the spread of infectious diseases and other factors continue to emerge as part of the actual business environment. - FY2022-Q2MaterialisedAnnual report
「In addition, the business continues to face a highly uncertain environment, including significant fluctuations in procurement and sales conditions for individual products due to the global spread of COVID-19 and other factors.」
Traditional supply-demand and market-price fluctuation risks continue to emerge in the actual business environment as significant fluctuations in procurement and sales conditions for individual products due to the spread of infectious diseases. - FY2021MaterialisedAnnual report
「For domestic meat, volume handled was broadly unchanged from the previous fiscal year, as a decline in chicken volume handled due to avian influenza and other factors was offset by generally steady volume handled for pork.」
The risk of fluctuations in procurement and handling volumes due to animal diseases has materialized as a decrease in chicken handling volumes due to avian influenza. - FY2021-Q3Partial recovery, with impacts continuingAnnual report
「Although the domestic business was strongly affected by increased household consumption demand and reduced commercial demand from the food-service sector, handling volumes and net sales were largely unchanged from the same quarter of the previous year. Gross profit exceeded the same quarter of the previous year, despite continued difficult profitability conditions, particularly for imported chicken, due to reduced food-service demand, supported by stronger sales of products for household consumption and improved sales conditions for domestic beef.」
The impact of reduced food-service demand continues, but handling volumes and net sales in the domestic business were largely unchanged year on year, while gross profit exceeded the previous year. - FY2021-Q2MaterialisedAnnual report
「The domestic business was strongly affected by increased household consumption demand and reduced commercial demand from the food-service sector, resulting in handling volumes below the same quarter of the previous year. Net sales also fell below the same quarter of the previous year, reflecting the lower handling volumes and lower selling prices for domestic beef due to reduced food-service and inbound tourism demand.」
Changes in the demand mix and lower selling prices for domestic beef have emerged in actual results as decreases in handling volumes and net sales. - FY2021-Q1MaterialisedAnnual report
「The meat industry also continues to face a highly uncertain business environment, including dramatic changes in procurement and sales conditions for individual products.」
Traditional supply-demand and market-price fluctuation risks have emerged in the actual business environment as dramatic changes in procurement and sales conditions for individual products caused by COVID-19. - FY2020-Q3MaterialisedAnnual report
「As noted above, imported beef and chicken had a significant impact on imported meat, and both handling volumes and net sales fell below the same quarter of the previous year. Profitability was challenging for imported chicken, as selling prices fell from late August through September due to sluggish product movement and other factors.」
Decreases in handling volumes and net sales of imported beef and chicken, together with falling selling prices for imported chicken due to sluggish product movement, have emerged as the actual impact of supply-demand and market-price fluctuation risks. - FY2020-Q2MaterialisedAnnual report
「Profit increased at the gross profit level, mainly due to higher selling prices for imported pork following the spread of African swine fever in China.」
Higher selling prices for imported pork following the outbreak of an animal disease emerged in the actual business environment and contributed to higher gross profit. However, sales and profit declined overall due to sales competition and market conditions for imported beef and chicken. - FY2020-Q1MaterialisedAnnual report
「Profit increased at the gross profit level, driven by higher selling prices for imported pork following the spread of African swine fever in China, together with effective inventory management.」
Higher selling prices for imported pork following the spread of African swine fever in China have emerged as part of the actual procurement and sales environment. - FY2019MaterialisedAnnual report
「A difficult business environment continued as high beef procurement prices coincided with intensifying sales competition and higher logistics and other costs due to labor shortages.」
High procurement prices, sales competition and rising logistics and other costs emerged in actual results as a decline in the full-year gross profit margin and an 18.1% decrease in operating profit. - FY2019-Q3MaterialisedAnnual report
「The domestic business focused on expanding handling volumes and, as a result of acquiring new customers and strengthening initiatives with existing customers, both handling volumes and net sales increased year on year for the quarter. However, as consumers continued to favor lower prices, it remained difficult to pass higher costs on to selling prices, and the business faced difficulties in terms of profitability.」
The difficulty of passing higher costs on to selling prices, driven by consumers' preference for lower prices, has continued to emerge in practice, with handling volumes and net sales increasing while profitability remained challenging. - FY2019-Q1MaterialisedAnnual report
「In the domestic business, we pursued effective and proactive sales amid continued high domestic beef prices and rising domestic pork prices. For imported meat, handling volumes and net sales of beef, pork and chicken all increased year on year for the quarter, driven by substitute demand for domestic meat and proactive sales expansion.」
High domestic beef prices and rising pork prices, together with the resulting substitute demand for imported meat, have emerged as part of the actual business environment in the current quarter. - FY2018MaterialisedAnnual report
「In the meat industry, domestic beef and pork prices have remained high, while demand has shifted toward relatively inexpensive domestic chicken and imported meat.」
High prices for domestic beef and pork and the shift in demand toward domestic chicken and imported meat have continued as part of the actual business environment in the fiscal year. - FY2018-Q3MaterialisedAnnual report
「In the meat industry, domestic beef shipments increased from the previous year, while market prices were below the previous year. Domestic pork shipments decreased from the previous year, while market prices remained high. Domestic chicken shipments increased from the previous year, while market prices remained below the previous year toward the second half of the period. Imports and market prices for imported beef, pork and chicken all remained above the previous year.」
Fluctuations in shipments, import volumes and market prices for domestic beef, pork and chicken and imported meat continue to emerge as part of the actual business environment in the current quarter. - FY2018-Q2MaterialisedAnnual report
「In the meat industry, domestic beef shipments increased from the previous year, while market prices were below the previous year. Domestic pork shipments decreased from the previous year, while market prices remained high. Both shipments and market prices for domestic chicken remained above the previous year. Imports and market prices for imported beef, pork and chicken all remained above the previous year.」
Fluctuations in shipments, import volumes and market prices for domestic beef, pork and chicken and imported meat continue to emerge as part of the actual business environment in the current quarter. - FY2018-Q1MaterialisedAnnual report
「In the meat industry, domestic beef shipments increased from the previous year, while market prices were below the previous year. Domestic pork shipments decreased slightly from the previous year, while market prices remained high. Domestic chicken shipments decreased slightly from the previous year, while market prices remained above the previous year. Imports and market prices for imported beef, pork and chicken all remained above the previous year.」
Fluctuations in supply volumes and market prices for domestic beef, pork and chicken and imported meat continue to emerge in the actual business environment. - FY2017-Q3MaterialisedAnnual report
「In the meat industry, shipments of domestically produced beef continued to fall below the previous year, and market prices remained high. Domestic pork production stagnated and prices rose temporarily, while domestic chicken production increased from the previous year and market prices remained low. Imports of beef, pork and chicken increased from the previous year, and market prices remained below the previous year.」
Supply shortages and high prices for domestic beef and pork, together with low prices for domestic chicken and imported meat, continue to emerge as supply-demand and market-price fluctuations. - FY2017-Q2MaterialisedAnnual report
「Against this backdrop, the Group worked to further strengthen its sales capabilities and deepen and expand sales of new and existing meat and processed food products. As a result, net sales fell below the previous year due to lower import meat prices, although operating income increased.」
The risk of meat-price fluctuations also emerged this quarter as a 1.6% year-on-year decline in sales due to low prices for imported meat. - FY2017-Q1MaterialisedAnnual report
「Against this backdrop, the Group strengthened efforts to deepen and expand existing business while focusing on selling meat and processed meat products to new business partners. As a result, net sales fell below the previous year due to lower import meat prices, although operating income increased.」
The existing risk of meat-price fluctuations has emerged this quarter as a year-on-year decline in sales due to low prices for imported meat. - FY2016First statedAnnual report
「The supply-demand balance for meat, the Company’s principal products, may be significantly disrupted by changes in global demand, delays in livestock growth caused by extreme weather or natural disasters, reduced supply due to livestock diseases, or sluggish consumption. Resulting fluctuations in domestic and overseas meat prices pose risks including lower volumes handled and lower selling prices.」
The Company identifies the balance of meat supply and demand and fluctuations in domestic and overseas market prices as performance risks through their impact on volumes handled and selling prices.