Rising Logistics and Labor Costs Due to Labor Shortages
First written in FY2019. 11 of 19 entries say "Worsened", first in FY2020. Latest entry: FY2027-H1.
Morozoff Limited moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 64 of 103 companies on the "Worse" side.
45 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Prices continue to rise due in part to higher wages. … Surging raw material prices, primarily higher procurement prices for cocoa and nuts, as well as depreciation expenses and equipment relocation costs associated with the renovation of the Seishin No. 2 Factory and the launch of the New Funabashi Factory, had a significant impact」
In addition to higher wages, equipment-related expenses were incurred in connection with the launch and renovation of new factories, and rising expenses are weighing on profit. - FY2026-H1WorsenedAnnual report
「Higher labor costs due to wage increases, higher transportation costs, and expenses recognized in connection with the complete transfer of Funabashi's logistics operations to an external provider last year」
In addition to higher labor costs due to wage increases, higher transportation costs and expenses associated with the transfer of logistics operations to an external provider are identified as actual factors weighing on profit. - FY2025WorsenedAnnual report
「Due to the impact of higher raw material prices, higher personnel expenses resulting from wage increases, and higher warehouse, logistics and other costs, operating income was ¥727 million, down 12.8% year on year, ordinary income was ¥748 million, down 12.6%, and interim net income attributable to owners of the parent was ¥486 million, down 9.8%.」
In addition to higher labor costs due to wage increases, increased warehouse and logistics costs actually weighed on profit, causing operating income and other items to decline year on year. - FY2025-H1WorsenedAnnual report
「The impact of a higher cost-of-sales ratio due to surging raw material prices, higher labor costs due to wage increases, and increased warehouse and logistics expenses」
In addition to higher labor costs due to wage increases, increased warehouse and logistics costs are identified as actual factors weighing on profit, strengthening the risk of higher expenses against a backdrop of labor shortages and other factors. - FY2025-Q1RestatedAnnual report
「Nevertheless, the outlook remains uncertain due to factors including surging raw material prices, concern that rising prices will worsen consumer sentiment, and an increasingly serious labor shortage caused by difficulties in recruitment.」
The company continues to identify the increasingly serious labor shortage caused by difficulties in recruitment as a risk affecting profit and the business environment. - FY2024RestatedAnnual report
「However, the outlook remains uncertain due to factors including surging raw material and energy prices, an increasingly serious labor shortage caused by difficulties in recruitment, and concern that rising prices will worsen consumer sentiment.」
The company has reconfirmed that the increasingly serious labor shortage caused by difficulties in recruitment represents a risk in the hiring environment that could lead to higher labor and logistics costs. - FY2024-Q3RestatedAnnual report
「However, the outlook remains uncertain due to soaring raw material and energy prices, rising prices resulting from the worsening labor shortage, and sluggish real wage growth, while customers' willingness to spend has shown signs of stalling.」
The company continues to cite rising prices against a backdrop of an increasingly serious labor shortage and has reconfirmed the challenging hiring environment that could lead to higher labor and logistics costs. - FY2024-Q2WorsenedAnnual report
「The outlook remains uncertain due to factors including surging raw material and energy prices and rising prices caused by an increasingly serious labor shortage.」
The labor shortage is described as becoming “increasingly serious,” highlighting the challenging hiring environment that could lead to higher labor and logistics costs. - FY2023WorsenedAnnual report
「In terms of personnel, labor shortages have become apparent, and labor costs are also expected to rise.」
The company states that labor shortages have become apparent and that labor costs are expected to rise, reinforcing concern about the risk of higher labor and logistics costs. - FY2022RestatedAnnual report
「In terms of earnings, in addition to the substantial rise in raw material prices, labor costs and logistics costs are also expected to increase due to labor shortages.」
The company continues to identify higher labor and logistics costs due to labor shortages as risk factors affecting profit. - FY2021RestatedAnnual report
「The company also expects an increase in the cost of sales ratio accompanying the decline in sales, higher personnel and logistics costs due to labor shortages, and higher depreciation expenses associated with the restructuring and enhancement of facilities at plants and elsewhere.」
The company continues to identify higher labor and logistics costs due to labor shortages as risk factors affecting profit. - FY2020WorsenedAnnual report
「Selling, general and administrative expenses as a percentage of net sales rose 1.3 percentage points from the previous fiscal year to 42.7%, due to higher depreciation expenses associated with opening new stores, as well as higher logistics costs and labor costs to secure personnel against a backdrop of labor shortages.」
The company states, with figures, that higher logistics and labor costs against a backdrop of labor shortages pushed up the full-year selling, general and administrative expense ratio by 1.3 percentage points. - FY2020-Q3RestatedAnnual report
「Higher labor costs against a backdrop of labor shortages」
Higher labor costs against a backdrop of labor shortages continued to be identified as a factor behind increased expenses during the nine months ended the current third quarter. - FY2020-Q2RestatedAnnual report
「Higher labor costs due to labor shortages」
Higher labor costs against a backdrop of labor shortages continued to be identified as a factor behind increased expenses during the six months ended the current second quarter. - FY2019First statedAnnual report
「In addition to higher logistics-related expenses, including transportation and logistics processing costs, against a backdrop of labor shortages, labor costs increased to secure personnel and improve employee compensation」
The company states that higher logistics-related expenses due to labor shortages and higher labor costs associated with securing personnel and improving employee compensation actually occurred as factors weighing on profit during the fiscal year.