Upward pressure on distribution costs due to labour shortages
First written in FY2020-Q3. 2 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「This would directly drive up the manufacturing and procurement costs of printing paper, ink and other materials essential to publishing the Group's main products, its information magazines, as well as logistics costs such as fuel for posting and delivering them to individual households, creating a major risk factor that could significantly squeeze the Company's earnings.」
The upward pressure on distribution expenses has been defined more specifically as a risk of earnings pressure from higher logistics costs such as fuel, in addition to labour shortages. - FY2023RestatedAnnual report
「The regional free magazines that are the Group's main products are exposed to rising printing paper and distribution costs.」
The Group continues to recognise the risk of higher costs for its in-house media, including distribution expenses driven by labour shortages and other factors. - FY2021RestatedAnnual report
「The regional free magazines that are the Company's main products are exposed to rising printing paper and distribution costs.」
The Company continues to disclose the risk of higher costs for its in-house media, including higher distribution expenses due to labour shortages and other factors, as well as ongoing cost-cutting measures. - FY2020MaterialisedAnnual report
「In the current fiscal year (the fiscal year ended March 2020), in addition to a partial decline in local advertising demand in the first half due to growing uncertainty in regional economies amid unstable international and domestic conditions and a shift toward lower-cost online advertising, factors driving up the costs of in-house media intensified, including soaring printing paper prices and higher distribution expenses due to labour shortages,」
The company states that upward pressure on distribution costs due to labour shortages materialised as an actual cost increase and contributed to the loss reported for the first half. - FY2020-Q3First statedAnnual report
「The Company's operating environment remains challenging, as factors driving up the cost of its in-house media, including upward pressure on distribution costs due to labour shortages, continue to intensify.」
Labour shortages were identified for the first time not only as a hiring difficulty but also as a factor driving up costs through higher distribution expenses for free magazines.