Lower revenue and profit at a food manufacturing subsidiary due to closures among wholesale customers and weaker demand for ready-to-eat products
First written in FY2021-Q3. 3 of 4 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2023-Q3.
1 other company's latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「The food manufacturing subsidiaries Hankyu Delica Ai Co., Ltd. and Hankyu Bakery Co., Ltd. reported higher profit as both wholesale sales to the food supermarkets and specialty-store sales increased.」
The recovery from the previous fiscal year's lower revenue and profit caused by wholesale customers' closures and weaker demand for ready-to-eat food continued, driven by higher wholesale sales to food supermarkets and specialty-store sales. - FY2023-Q1MitigatedAnnual report
「The food manufacturing subsidiary producing prepared foods and bakery products increased wholesale sales to the food supermarkets. In addition, sales at specialty stores recovered following the previous year's closures, resulting in higher revenue and profit.」
The food manufacturing subsidiary, which reported lower revenue and profit in the previous fiscal year due to wholesale customers' closures and weaker demand for ready-to-eat food, returned to higher revenue and profit as wholesale sales to food supermarkets and specialty-store sales recovered. - FY2022-Q2MitigatedAnnual report
「The manufacturing subsidiary reported higher profit as demand for prepared foods and bakery products recovered among its wholesale customers, the food supermarkets.」
The food manufacturing subsidiary, which had reported lower revenue and profit in the previous fiscal year due to wholesale customers' closures and weaker demand for ready-to-eat food, returned to profit growth as demand among wholesale customers recovered. - FY2021-Q3MaterialisedAnnual report
「The manufacturing subsidiary producing prepared foods and bakery products reported lower revenue and profit as a result of closures among its wholesale customers and weaker demand for ready-to-eat food.」
At the food manufacturing subsidiary, closures among wholesale customers and weaker demand for ready-to-eat food translated into lower revenue and profit.