Pressure on the Seafood Wholesale Business from Intensifying Competition and Increased Off-Market Distribution
First written in FY2017-Q1. 6 of 9 entries say "Restated". Latest entry: FY2024.
Yokohama Maruuo moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「In addition, increased overseas demand and intensifying cross-sector competition resulting from the diversification of domestic logistics have led to further increases in procurement prices, and conditions are expected to remain challenging.」
In addition to increased off-market distribution, intensifying cross-sector competition resulting from the diversification of domestic logistics and rising procurement prices are explicitly identified as future factors. - FY2021-Q1RestatedAnnual report
「Declining handling volumes due to increased overseas demand for fisheries resources and the diversification of off-market distribution」
The increase and diversification of off-market distribution continue to be cited as factors behind the decline in handled volumes. Sales in the seafood wholesale business also fell 23.4% year on year. - FY2019-Q3MaterialisedAnnual report
「Decline in handled volumes accompanying the expansion of off-market distribution」
The company explicitly states that the expansion of off-market distribution has led to a decline in handled volumes, indicating that the existing competitive pressure has materialized as an actual decline in handled volumes. - FY2018RestatedAnnual report
「Competition is expected to intensify further, due to diversifying customer needs, the growing need to ensure food safety and security, and declining marine resources and increased off-market distribution.」
The company states that intensifying competition, including declining marine resources and increased off-market distribution, continues to put pressure on the operating environment for the seafood distribution industry. - FY2018-Q3RestatedAnnual report
「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to the impact of food poisoning issues on fresh fish sales, lower catches of certain fish species resulting from changes in seawater temperatures and migratory waters, including record-low catches, and increased off-market distribution.」
Increased off-market distribution continues to be cited as a factor contributing to the challenging operating environment surrounding the seafood wholesale business. - FY2018-Q2RestatedAnnual report
「The challenging operating environment has continued, due to factors including declining catches resulting from shrinking marine resources and changes in fish migration areas, as well as increased off-market distribution.」
Increased off-market distribution continues to be cited as a factor contributing to the challenging operating environment surrounding the seafood wholesale business. - FY2017-Q3RestatedAnnual report
「In the seafood wholesale business, the Group's core business, the challenging business environment continues due to declining fisheries resources resulting from the growth of fish consumption overseas, unfavorable weather and other factors, increased off-market distribution, and consumers' preference for frugality and shift away from fish consumption.」
Increased off-market distribution continues to be cited as a factor contributing to the challenging operating environment surrounding the seafood wholesale business. - FY2017-Q2RestatedAnnual report
「Fisheries resources are declining due to fishing restrictions in various countries and increased demand accompanying the growth of fish consumption overseas. A challenging business environment also continues due to the increase in off-market distribution, consumers' continued preference for frugality, and the ongoing shift away from fish consumption.」
Increased off-market distribution continues to be cited as a factor contributing to the challenging operating environment for the seafood wholesale business. - FY2017-Q1First statedAnnual report
「Increased off-market distribution accompanying intensifying competition」
The company explicitly identifies intensifying competition and increased off-market distribution as factors making the operating environment for the seafood wholesale business more challenging.