Risk of Persistently High Raw Material and Energy Prices
First written in FY2020-Q2. 8 of 15 entries say "Materialised", first in FY2023-Q3. Latest entry: 2026-08-13.
Yamaya moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 41 of 48 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- 2026-08-13MaterialisedEarnings
「原材料費、光熱費、人件費の上昇もあり、事業を取り巻く環境は厳しいものとなっております。」
原材料費・光熱費・人件費の上昇が外食事業の厳しい環境として継続している。 - FY2026MaterialisedAnnual report
「Consumers' persistent tendency to economise and be selective due to continuing price increases, together with higher raw material, utilities, labour and construction costs, has kept the business environment difficult, particularly for izakaya operations.」
Higher raw material, utilities, labour and construction costs have actually resulted in lower operating profit in the food-service business. - FY2026-H1MaterialisedAnnual report
「Consumers' persistent tendency to economise and be selective due to continuing price increases, together with higher raw material, utilities, labour and construction costs, has kept the business environment difficult, particularly for izakaya operations.」
In addition to raw material and utilities costs, higher labour and construction costs continue to make the operating environment difficult for the food-service business and have also contributed to lower operating profit. - FY2025-H1MaterialisedAnnual report
「Both the liquor retail and food-service businesses proceeded with new store openings and refurbishment projects, increasing selling, general and administrative expenses due to the associated costs and soaring labour and electricity expenses. Operating profit and ordinary profit declined, but interim profit attributable to owners of the parent increased because extraordinary losses fell substantially from the previous year.」
Higher labour and electricity costs actually resulted in increased selling, general and administrative expenses and declines in operating profit and ordinary profit. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, the food-service business recovered steadily as economic activity normalised. As inbound tourism gathered pace amid continued yen depreciation, both the liquor retail and food-service businesses actively captured the demand, while price revisions in response to higher product procurement costs proved effective, resulting in steady performance in both net sales and profit.」
It is stated that product procurement costs continued to rise and were addressed through price revisions. The risk of higher costs has materialised in actual price revisions. - FY2024-Q3WorsenedAnnual report
「During the nine-month period ended 31 December 2023 (1 April 2023 to 31 December 2023), Japan's economy showed a gradual recovery as economic activity normalised following the change in the legal classification of COVID-19 to Category 5. However, the outlook for the economy remained uncertain due to factors including soaring shipping, raw material and energy prices resulting from the prolonged situation in Ukraine and heightened tensions in the Middle East.」
In addition to raw material and energy prices, soaring shipping costs are explicitly cited, broadening the factors driving up costs. - FY2024-Q2MaterialisedAnnual report
「Both the liquor retail and food-service businesses actively captured inbound demand, and price revisions in response to higher product procurement costs proved effective. As a result, net sales, operating profit, ordinary profit and profit attributable to owners of the parent for the quarter exceeded the consolidated earnings forecast.」
It is stated that product procurement costs actually increased and that price revisions were implemented in response. - FY2024-Q1RestatedAnnual report
「Conditions remain uncertain due to factors including the prolonged situation in Ukraine, the yen's depreciation and soaring prices.」
The difficult environment, including upward pressure on consumer and raw material prices caused by yen depreciation and the situation in Ukraine, continues. - FY2023-Q3MaterialisedAnnual report
「Manufacturers raised prices in October, triggering substantial stock-up demand in September. However, by keeping prices unchanged for some time after October, we were able to mitigate the subsequent decline in forward demand.」
Price increases by manufacturers actually occurred, resulting in stockpiling demand and a subsequent decline in demand. The disclosure also mentions mitigating the impact by keeping selling prices unchanged. - FY2023-Q2RestatedAnnual report
「The outlook remains extremely uncertain due to soaring resource and crude oil prices resulting from Russia's invasion of Ukraine and rising prices associated with the yen's sharp depreciation.」
The situation in Ukraine and the sharp depreciation of the yen continue to be cited as factors driving up raw material- and energy-related prices. - FY2023-Q1WorsenedAnnual report
「The outlook for the economy remains uncertain, with raw material prices and consumer prices rising due to factors including the yen's depreciation and the situation in Ukraine.」
Yen depreciation and the situation in Ukraine are explicitly identified as factors driving up raw material and consumer prices, and upward price pressure continues. - FY2020-Q3RestatedAnnual report
「Although consumer sentiment in the liquor retailing and food service industries is gradually recovering, the challenging business environment continues amid deeply entrenched consumer frugality, rising labor costs due to labor shortages, and persistently high raw material and energy prices.」
The difficult operating environment, including persistently high raw material and energy prices, continues to be disclosed. - FY2020-Q2First statedAnnual report
「Although consumer sentiment in the liquor retailing and food service industries is gradually recovering, the challenging business environment continues amid deeply entrenched consumer frugality, rising labor costs due to labor shortages, and persistently high raw material and energy prices.」
Persistently high raw material and energy prices were identified independently for the first time as factors contributing to the difficult operating environment in the liquor retail and food-service industries.