Risk of fluctuations in exchange rates and food-ingredient market conditions associated with import procurement
First written in FY2018. 3 of 8 entries say "Restated". Latest entry: FY2025-H1.
Toho moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 33 of 58 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「However, sales of commercial cooking equipment were weak due to delays in switching certain equipment, among other factors, and the weaker yen also reduced the gross margin. As a result, revenue in this business segment was ¥6,664 million, down 0.4% year on year, and operating profit was ¥152 million, down 64.9%.」
The decline in gross margin due to the weaker yen materialized as a decrease in operating profit from sales of commercial cooking equipment. - FY2025-Q1RestatedAnnual report
「Uncertainty about the outlook remains due to factors including higher fuel and raw material prices resulting from unstable international conditions and the weaker yen.」
Uncertainty in the import and procurement environment, including higher fuel and raw material prices caused by the weaker yen, continues. - FY2024-Q2WorsenedAnnual report
「In the foodservice wholesale industry in which our Group operates, the operating environment improved as foot traffic to restaurants and tourist destinations recovered following the reclassification of COVID-19 as a Class 5 infectious disease in May this year and increased inbound demand after the end of border control measures. However, food price increases continued during the current fiscal year, while labor shortages and higher costs including electricity and freight also increased uncertainty about the outlook.」
While inbound demand recovered, uncertainty surrounding imports and food procurement increased due to higher food prices, electricity costs and freight rates. - FY2023-Q1WorsenedAnnual report
「The outlook remained extremely uncertain due to Russia's invasion of Ukraine, sharp increases in the prices of raw materials, supplies, crude oil, and other items across a wide range of categories, and the rapid depreciation of the yen.」
The sharp depreciation of the yen and surging prices for raw materials, supplies and crude oil emerged as factors worsening risks related to imported procurement prices and food commodity markets. - FY2022MitigatedAnnual report
「We also pursue sustainable sourcing by diversifying procurement countries of origin through multiple suppliers wherever possible. In addition, we limit foreign exchange risk by settling in yen wherever possible for products imported directly by the Company.」
Specific measures to address import procurement risks were identified, including diversifying suppliers and countries of origin and reducing foreign exchange risk through yen-denominated settlement. - FY2020RestatedAnnual report
「If the yen weakens against foreign currencies, procurement prices may rise, which could affect our Group's results. In addition, because the earnings and assets of overseas subsidiaries are translated into yen in the consolidated financial statements, fluctuations in foreign exchange rates could affect our Group's profit or loss and financial condition.」
The risk of fluctuations in imported procurement prices and foreign exchange rates resulting from the translation of overseas subsidiaries into yen continued to be disclosed. - FY2019RestatedAnnual report
「If the yen weakens against foreign currencies, procurement prices may rise, which could affect our Group's results. In addition, because the earnings and assets of overseas subsidiaries are translated into yen in the consolidated financial statements, fluctuations in foreign exchange rates could affect our Group's profit or loss and financial condition.」
The risk of foreign exchange effects from translating the earnings and assets of overseas subsidiaries into yen was reaffirmed in addition to the risk related to imported procurement prices. - FY2018First statedAnnual report
「If the yen weakens against foreign currencies, procurement prices may rise, which could affect our Group's results. In addition to foreign exchange rates, fluctuations in food commodity prices due to crop conditions and other factors, or significant changes in food supply and demand caused by the introduction of import restrictions or other measures, could likewise affect our Group's results.」
Risks related to procurement prices for imported products, crop conditions, food commodity markets, and supply-demand fluctuations caused by import restrictions were described.