Latest news with #TeikokuDatabankLtd
Yomiuri Shimbun
31-07-2025
- Business
- Yomiuri Shimbun
1,010 Food, Beverage Prices to Rise in Japan in August
Tokyo, July 31 (Jiji Press) — A total of 195 major Japanese food and beverage makers will raise the prices of 1,010 items in August, research firm Teikoku Databank Ltd. said in a survey report on Thursday. The monthly total of food products and beverages with higher prices will rise 1.5-fold from a year earlier, marking eight consecutive months of increase. The price increases in August will be especially noticeable for dairy products, including milk and yogurt. Major dairy producer Megmilk Snow Brand Co. will raise the suggested retail prices of 59 products, including its flagship Oishii Gyunyu packaged milk, by between 2.7 pct and 7.4 pct. Morinaga Milk Industry Co. will raise the prices of 53 items, including packaged milk and products from its Bifidus Yogurt series. In cumulative total, 19,416 food and beverage items have seen price hikes so far this year. 'It is believed that the annual number of items subject to price increases will certainly exceed 20,000 this year for the first time in two years,' said a Teikoku Databank official involved in the survey. More than 3,000 food products and beverages are expected to see higher prices in October, the first markups of this scale in six months since April.
31-07-2025
- Business
1,010 Food, Beverage Prices to Rise in Japan in Aug.
News from Japan Economy Jul 31, 2025 12:22 (JST) Tokyo, July 31 (Jiji Press)--A total of 195 major Japanese food and beverage makers will raise the prices of 1,010 items in August, research firm Teikoku Databank Ltd. said in a survey report on Thursday. The monthly total of food products and beverages with higher prices will rise 1.5-fold from a year earlier, marking eight consecutive months of increase. The price increases in August will be especially noticeable for dairy products, including milk and yogurt. Major dairy producer Megmilk Snow Brand Co. will raise the suggested retail prices of 59 products, including its flagship Oishii Gyunyu packaged milk, by between 2.7 pct and 7.4 pct. Morinaga Milk Industry Co. will raise the prices of 53 items, including packaged milk and products from its Bifidus Yogurt series. [Copyright The Jiji Press, Ltd.] Jiji Press
Kyodo News
25-07-2025
- Business
- Kyodo News
Younger diners prepared to break 1,000-yen barrier for ramen: survey
TOKYO, Japan Wire - Younger diners in Japan are showing an appetite for bowls of ramen noodles costing over 1,000 yen ($7), crossing a line that underscores the dishes' reputation for affordability, according to a recent survey. Around 700 yen to 800 yen was considered the appropriate price for a standard bowl of ramen by 56.3 percent of respondents to the online survey conducted in June by restaurant search website operator Gurunavi Inc. with responses from 1,300 people in their 20s to 60s. At the upper end of the scale, 33.7 percent said that 1,000 yen was the most they were prepared to pay. But as ramen restaurant operators look for ways to pass increasing production costs behind a serving of the Japanese soup noodles onto customers, it is younger diners whose appetites appear least likely to be spoiled by higher prices. According to the survey, 58.4 percent of respondents in their 20s said they were prepared to pay over 1,000 yen for a bowl of ramen. Even for a standard dish, 19.7 percent of them considered at least 1,000 yen to be an appropriate price, far greater than any other age group. 'I think ramen is priced too cheaply given the effort that goes into it,' a respondent in their 20s said in a written response to the survey. In contrast, among respondents in their 50s, of which males were found to be among the most frequent consumers of ramen, only 36.5 percent were prepared to pay over 1,000 yen, the survey said. Across all age groups, however, 93.7 percent of respondents said they felt that the cost of ramen had increased recently, with 41.6 percent going out to eat ramen on fewer occasions than they did two or three years ago. Despite customers being conscious of price increases, some ramen restaurant operators are enjoying growth in the market. Sales at ramen restaurants were estimated to have reached around 790 billion yen ($5.4 billion) in fiscal 2024, an increase of around 56 percent from 2014, according to Teikoku Databank Ltd. The number of restaurants operated by major chains also increased over the same period to an estimated 6,200 in 2024, an increase of around 1,200, according to the research organization. In a report published in July, Teikoku Databank said that growing demand for ramen among foreign tourists had enabled major chains to increase restaurant openings and achieve sales that overcame rising production costs. Operators were also able to get around the so-called 1,000-yen price barrier by offering limited-time-only dishes and expanding set menus, the report said. This article was submitted by a contributing writer for publication on Japan Wire.
04-07-2025
- Business
44 Pct of Japan Firms Expecting U.S. Tariffs' Negative Impacts
News from Japan Jul 4, 2025 12:20 (JST) Tokyo, July 4 (Jiji Press)--A Teikoku Databank Ltd. survey has found that 44.0 pct of companies in Japan expect negative effects from high U.S. tariffs over the next five years or so, far more than 16.5 pct foreseeing no impacts. Apparently reflecting uncertainties over the course of the tariff policy of U.S. President Donald Trump, 38.5 pct said they do not know whether there will be any impacts, according to the survey, released by the Japanese credit research firm Thursday. Asked about the situation over the coming 12 months, 40.7 pct said they expect negative effects while 33.2 pct said they anticipate no impacts. Among surveyed companies, a machinery maker said it has canceled a plan to advance into the United States. An information service firm said that a lack of clear prospects is making things difficult for the company, noting that there could be sudden policy changes. Teikoku Databank said the government needs to consider support measures based on an assessment of how Japanese companies are affected by the high U.S. tariffs. [Copyright The Jiji Press, Ltd.] Jiji Press
30-06-2025
- Business
Japan to See Markups for 2,105 Food Items in July
News from Japan Jun 30, 2025 10:59 (JST) Tokyo, June 30 (Jiji Press)--Japan's 195 major food makers are slated to raise the prices of 2,105 products in July, up about fivefold from a year earlier, research company Teikoku Databank Ltd. said Monday. The number of food and beverage products with higher prices compared with the preceding month will top 2,000 for the first time in three months, and climb year on year for the seventh consecutive month. The total number of higher-priced food and beverage products known so far this year has reached 18,697, and the cumulative annual figure may top 20,000 during July. "The momentum of price hikes this year has remained stronger than last year," a Teikoku Databank official said. Higher raw material, energy and labor costs are primary factors behind the expected price hikes in July. Markups are especially set for confectionery items such as chocolate and potato chips. Lotte Co. is expected to raise shipment prices of 128 products including its mainstay "Koala no March" and "Pie no Mi" chocolate snacks by up to 47.2 pct. [Copyright The Jiji Press, Ltd.] Jiji Press
