Earnings pressure from rising logistics costs
First written in FY2017. 8 of 22 entries say "Restated". Latest entry: FY2026.
Takizawa Ham moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 18 of 27 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Freight costs 1,242,250 thousand yen 1,175,362 thousand yen」
Full-year freight costs decreased from ¥1,242.250 million in the previous fiscal year to ¥1,175.362 million, easing the actual cost pressure from logistics expenses year on year. - FY2026-H1MitigatedAnnual report
「Freight costs 625,767 thousand yen 595,811 thousand yen」
Freight costs for the interim period decreased from ¥625.767 million in the same period of the previous year to ¥595.811 million, easing cost pressure from logistics expenses year on year. - FY2025WorsenedAnnual report
「Freight costs 1,215,787 thousand yen 1,242,250 thousand yen」
Full-year freight costs increased from ¥1,215.787 million in the previous fiscal year to ¥1,242.250 million, and cost pressure from logistics expenses increased year on year. - FY2025-H1WorsenedAnnual report
「Freight costs ¥606.601 million ¥625.767 million」
Freight costs for the interim period increased from ¥606 million in the same period of the previous year to ¥625.767 million, increasing the cost pressure from higher distribution costs year on year. - FY2024MitigatedAnnual report
「Selling, general and administrative expenses decreased due to lower freight costs and utilities expenses. As a result, they decreased by ¥18 million from the previous fiscal year.」
While environmental risks related to distribution costs and other factors continued, freight costs and utilities expenses decreased during the fiscal year, resulting in an ¥18 million year-on-year decrease in selling, general and administrative expenses. - FY2024-Q3RestatedAnnual report
「The business environment remains challenging, with raw material and energy prices staying high, higher logistics costs and labor shortages, and stagnant personal consumption due to continued inflation.」
Higher distribution costs continue to be cited alongside persistently high raw material and energy prices and labor shortages. - FY2024-Q2MitigatedAnnual report
「Freight costs ¥623.530 million ¥606.601 million」
Freight costs for the first six months decreased from ¥623.530 million in the same period of the previous year to ¥606.601 million, easing the earnings pressure from distribution costs year on year. - FY2024-Q1RestatedAnnual report
「The challenging business environment continues, with soaring raw material prices, higher energy prices and logistics costs, and declining personal consumption due to inflation caused by successive food price increases.」
Higher distribution costs continue to be cited alongside surging raw material and energy prices. - FY2023MitigatedAnnual report
「Freight costs ¥1,288.389 million ¥1,239.668 million」
Freight costs for the full fiscal year decreased from ¥1,288.389 million in the previous fiscal year to ¥1,239.668 million, easing the earnings pressure from distribution costs year on year. - FY2023-Q2MitigatedAnnual report
「Freight costs ¥641.105 million ¥623.530 million」
Freight costs for the first six months decreased from ¥641.105 million in the same period of the previous year to ¥623.530 million, easing the earnings pressure from higher distribution costs year on year. - FY2022WorsenedAnnual report
「The major items and amounts included in selling, general and administrative expenses are as follows.」
Freight costs increased from ¥1,239.939 million in the same period of the previous year to ¥1,288.389 million, confirming the continued rise in distribution costs. - FY2022-Q2WorsenedAnnual report
「Freight costs 611,199 641,105」
Freight costs under selling, general and administrative expenses increased from ¥611.199 million in the same period of the previous year to ¥641.105 million, confirming the continued rise in distribution costs. - FY2020-Q3RestatedAnnual report
「In this industry, difficult business conditions prevailed amid consumers’ entrenched preference for saving, as well as higher distribution and labor costs, stagnant consumer purchasing motivation due to the consumption tax increase and the impact of a succession of natural disasters.」
Higher distribution costs continued, along with higher labor costs, stagnant purchasing motivation due to the consumption tax increase and the impact of natural disasters. - FY2020-Q2RestatedAnnual report
「In this industry, difficult business conditions prevailed amid consumers’ entrenched preference for saving, as well as higher labor and distribution costs, consumer sentiment ahead of the consumption tax increase and the impact of natural disasters.」
As higher labor and distribution costs continued, consumer sentiment ahead of the consumption tax increase and the impact of natural disasters added to the difficult business environment. - FY2020-Q1RestatedAnnual report
「In this industry, consumers maintained a strong preference for lower prices amid an economic recovery that was not felt in everyday life. Meanwhile, higher labor and logistics costs due to labor shortages continued, and competition among companies intensified further, resulting in difficult business conditions.」
The company states that higher labor and distribution costs due to labor shortages continue, underscoring the difficult earnings environment resulting from rising distribution costs. - FY2019WorsenedAnnual report
「Due to factors including lower sales and higher expenses such as distribution and fuel costs, operating profit fell 72.5% year on year to ¥121 million, ordinary profit fell 67.2% to ¥157 million, and net income attributable to owners of the parent fell 70.0% to ¥92 million, resulting in lower earnings.」
Higher expenses such as distribution and fuel costs were explicitly identified, along with lower sales, as factors behind the decline in earnings, and operating profit and other profit measures fell substantially. - FY2019-Q3RestatedAnnual report
「Difficult operating conditions continued, as consumers maintained a strong focus on saving amid concerns about the future, while labor shortages contributed to higher labor costs and logistics expenses.」
Higher labor costs resulting from labor shortages and increases in distribution costs continued, and difficult operating conditions persisted. - FY2018WorsenedAnnual report
「Selling, general and administrative expenses were reduced through efforts to cut selling expenses and other costs. However, due to increases in distribution costs and other factors, they rose by 0.1 percentage points as a percentage of net sales to 16.4%, an increase of ¥265 million from the previous fiscal year.」
Selling, general and administrative expenses increased by ¥265 million from the previous fiscal year due to higher distribution costs and other factors, while the ratio to net sales rose by 0.1 percentage points to 16.4%. - FY2018-Q3RestatedAnnual report
「In this industry, the business environment remains challenging as raw material prices rise due to the weaker yen and the implementation of safeguards on imported frozen beef, among other factors, while labor and logistics costs also increase against a backdrop of labor shortages.」
Higher labor and distribution costs resulting from labor shortages continued, and difficult operating conditions persisted. - FY2018-Q2RestatedAnnual report
「In this industry, the focus on saving continues and the recovery in personal consumption remains sluggish, while higher labor and logistics costs against a backdrop of labor shortages have left the business environment challenging.」
Rising distribution costs continued, and higher labor costs resulting from labor shortages were also identified. The second-quarter report states that there were no material changes in key risks. - FY2018-Q1WorsenedAnnual report
「In this industry, the focus on saving continues and the recovery in personal consumption remains sluggish. In addition, higher labor and logistics costs due to labor shortages have intensified competition among companies, resulting in difficult business conditions.」
Rising distribution costs continued, and higher labor costs resulting from labor shortages were also identified. - FY2017First statedAnnual report
「As consumers’ entrenched preference for saving and low prices continued to grow, difficult conditions persisted amid rising distribution costs and intensifying competition among companies.」
Rising distribution costs were identified independently for the first time as a factor making the business environment difficult and also materialized as a factor behind the increase in selling, general and administrative expenses.