Lower utilization and reduced profit in the refrigerated warehousing business due to customer withdrawals
First written in FY2017-Q3. 13 of 25 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MitigatedAnnual report
「The Warehousing Business reported higher revenue and earnings due in part to increased volumes of livestock products handled at refrigerated warehouses and increased volumes of imported plywood handled in port transportation.」
The Warehousing Business has improved from the previous year's lower revenue and earnings caused by declining imported plywood volumes to a position in which increased volumes are generating higher revenue and earnings. - FY2025-H1MaterialisedAnnual report
「The Warehousing Business reported lower revenue and earnings because volumes of imported plywood handled in port transportation declined.」
The continued decline in imported plywood volumes was a factor behind lower revenue and earnings in the Warehousing Business, including port transportation. - FY2024MaterialisedAnnual report
「In the warehousing business, lower volumes of imported plywood handled in the port transport business reduced cargo-handling and storage-fee revenue. Revenue was ¥1,637 million, down 8.6% year on year, and segment profit was ¥244 million, down 26.7%.」
The decline in imported plywood volumes continued through the full year, reducing cargo-handling and storage-fee revenue, and the Warehousing Business reported lower revenue and earnings. - FY2024-Q3MaterialisedAnnual report
「In the warehousing business, lower volumes of imported plywood handled in the port transport business reduced cargo-handling and storage-fee revenue. Revenue was ¥1,284 million, down 7.8% year on year, and segment profit was ¥318 million, down 8.6%.」
The decline in the volume of imported plywood handled resulted in lower cargo-handling and storage-fee revenue, with warehousing revenue down 7.8% and segment profit down 8.6%. - FY2023-Q1MitigatedAnnual report
「In the warehousing business, revenue from the port transport business was ¥456 million, up 23.0% year on year, and segment profit was ¥118 million, up 67.4%, due to a substantial increase in the volume of imported plywood handled.」
The volume of imported plywood handled increased substantially, resulting in higher revenue and profit in the warehousing business. The impact of the prolonged weakness in imported goods handling volumes and inventory levels has eased. - FY2022MitigatedAnnual report
「In the warehousing business, revenue from the port transport business was ¥1,571 million, up 9.7% from the previous fiscal year, and segment profit was ¥259 million, up 0.2%, due to an increase in the volume of imported building materials handled.」
The increase in the volume of imported building materials handled increased warehousing revenue, mitigating the impact of the decline in imported goods handling volumes recorded in the previous fiscal year. - FY2022-Q3MaterialisedAnnual report
「In the warehousing business, revenue from the port transport business was ¥1,207 million, up 6.5% year on year, due to an increase in the volume of imported building materials handled. However, segment profit was ¥251 million, down 7.5%, due in part to continued sluggish inventory levels of imported plywood.」
Revenue increased due to higher volumes of imported building materials handled, while continued weakness in imported plywood inventory levels resulted in a 7.5% year-on-year decline in warehousing segment profit. - FY2022-Q2MaterialisedAnnual report
「In the warehousing business, revenue from the port transport business was ¥775 million, up 4.6% year on year, due to an increase in the volume of imported building materials handled. However, segment profit was ¥155 million, down 15.2%, due in part to persistently sluggish inventory levels of imported plywood.」
Lower inventory levels of imported plywood actually occurred, resulting in a 15.2% year-on-year decline in warehousing segment profit. - FY2022-Q1MitigatedAnnual report
「In the warehousing business, revenue from the port transport business was ¥371 million, up 4.5% year on year, due to an increase in the volume of imported building materials handled. However, segment profit was ¥70 million, down 21.3%, due to higher handling costs and other factors.」
The volume of imported building materials handled increased, driving a 4.5% year-on-year increase in warehousing revenue. While handling volumes recovered, profit fell 21.3% year on year due to higher handling costs. - FY2021MaterialisedAnnual report
「In the warehousing business, although the refrigerated warehousing business remained steady, revenue was ¥1,432 million, down 6.6% from the previous fiscal year, and segment profit was ¥258 million, down 23.5%, as the spread of COVID-19 overseas reduced the volume of imported goods handled in the port transport business.」
The decline in the volume of imported goods handled due to the spread of COVID-19 overseas continued to result in lower revenue and profit in the port transport business for the full year. - FY2021-Q3MaterialisedAnnual report
「In the warehousing business, although the refrigerated warehousing business remained steady, revenue was ¥1,134 million, down 3.6% year on year, and segment profit was ¥271 million, down 11.8%, as the spread of COVID-19 overseas reduced the volume of imported goods handled in the port transport business.」
The decline in the volume of imported goods handled due to the spread of COVID-19 overseas actually resulted in lower revenue and profit in the port transport business. While the refrigerated warehousing business remained steady, overall warehousing revenue fell 3.6% and segment profit fell 11.8%. - FY2021-Q2MaterialisedAnnual report
「In the warehousing business, although the refrigerated warehousing business remained steady, revenue was ¥741 million, down 0.5% year on year, and segment profit was ¥183 million, down 8.3%, as the spread of COVID-19 reduced the volume of imported goods handled at general warehouses.」
The decline in the volume of imported goods handled due to the spread of COVID-19 actually resulted in lower revenue and profit at general warehouses. - FY2020RestatedAnnual report
「In the warehousing business, the company continued to maintain strong cargo inventory levels at both refrigerated and general warehouses. Revenue was ¥1,532 million, up 1.0% from the previous fiscal year, and segment profit was ¥338 million, up 15.9%.」
The company maintained strong inventory levels at both refrigerated and general warehouses, confirming higher revenue and profit in the warehousing business. - FY2020-Q3RestatedAnnual report
「In the warehousing business, the company continued to maintain strong cargo inventory levels at both refrigerated and general warehouses. Revenue was ¥1,176 million, down 1.4% year on year, and segment profit was ¥274 million, up 3.5%.」
The company explains that it maintained strong cargo inventory levels at both refrigerated and general warehouses. Segment profit increased 3.5% year on year. - FY2020-Q2RestatedAnnual report
「In the warehousing business, the company continued to maintain strong cargo inventory levels at both refrigerated and general warehouses. Revenue was ¥745 million, down 2.0% year on year, and segment profit was ¥178 million, up 3.6%.」
The company maintained strong cargo inventory levels at both refrigerated and general warehouses, and segment profit in the warehousing business increased 3.6% year on year. - FY2020-Q1RestatedAnnual report
「In the warehousing business, the company continued to maintain strong cargo inventory levels at both refrigerated and general warehouses. Revenue was ¥367 million, down 3.1% year on year, and segment profit was ¥92 million, up 0.3%.」
The company explains that it maintained strong cargo inventory levels at both refrigerated and general warehouses, continuing the post-recovery position following the inventory and utilisation declines in the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「In the warehousing business, inventory levels at both refrigerated and general warehouses, which had remained sluggish in the previous fiscal year, recovered. Revenue was ¥1,193 million, up 16.7% year on year, and segment profit was ¥265 million, up 44.5%.」
Inventory levels at the refrigerated and general warehouses, which had been sluggish in the previous fiscal year, recovered, resulting in a 16.7% increase in revenue and a 44.5% increase in segment profit. - FY2019-Q2MitigatedAnnual report
「In the warehousing business, inventory levels at both refrigerated and general warehouses, which had remained sluggish in the previous fiscal year, recovered. Revenue was ¥761 million, up 17.7% year on year, and segment profit was ¥172 million, up 48.4%.」
Inventory levels at the refrigerated and general warehouses, which had been sluggish in the previous fiscal year, recovered, resulting in a 17.7% increase in revenue and a 48.4% increase in segment profit. - FY2019-Q1MitigatedAnnual report
「In the warehousing business, inventories at both refrigerated and general warehouses, which had declined in the previous fiscal year, recovered. Revenue was ¥378 million, up 17.7% year on year, and segment profit was ¥92 million, up 60.7%.」
The company explains that inventories at both refrigerated and general warehouses recovered from the lower inventory levels and utilisation seen in the previous fiscal year, resulting in higher revenue and segment profit. - FY2018MaterialisedAnnual report
「In the warehousing business, revenue was ¥1,307 million, down 3.5% from the previous fiscal year, and segment profit was ¥214 million, down 15.2%, due to lower inventories of stored goods, including imported plywood, at general warehouses.」
Lower inventories at general warehouses actually occurred, resulting in declines in warehousing revenue and segment profit. - FY2018-Q3MaterialisedAnnual report
「In the warehousing business, although ice handling at refrigerated warehouses remained strong, revenue was ¥1,022 million, down 6.8% year on year, and segment profit was ¥183 million, down 19.7%, due to lower utilisation at general warehouses.」
Continued declines in utilisation at general warehouses resulted in a 6.8% decline in revenue and a 19.7% decline in segment profit. - FY2018-Q2MaterialisedAnnual report
「In the warehousing business, although handling of ice and other products was strong, revenue was ¥647 million, down 10.8% year on year, and segment profit was ¥116 million, down 32.1%, due to lower utilisation at general warehouses.」
Lower utilisation at general warehouses also occurred in the second quarter, resulting in a 10.8% decline in revenue and a 32.1% decline in segment profit. - FY2018-Q1MaterialisedAnnual report
「In the warehousing business, although handling of ice and other products was strong, revenue was ¥321 million, down 7.6% year on year, and segment profit was ¥57 million, down 38.0%, due to lower utilisation at general warehouses.」
Lower utilisation at general warehouses actually occurred, resulting in a 7.6% decline in warehousing revenue and a 38.0% decline in segment profit. - FY2017RestatedAnnual report
「The refrigerated warehousing business also recorded higher revenue but lower profit due to lower utilisation.」
The refrigerated warehousing business recorded lower utilisation and lower profit for the full year as well. - FY2017-Q3MaterialisedAnnual report
「In the refrigerated warehousing business, utilisation declined due to the withdrawal of some customers, resulting in higher revenue but lower profit.」
This is the first confirmed instance of the refrigerated warehousing business recording higher revenue but lower profit after utilisation declined due to the withdrawal of some customers.