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Seihyo (2872) · RiskMaterialised

Increase in Transportation and Outsourced Storage Costs during Peak Season

First written in FY2019-Q2. 15 of 22 entries say "Materialised", first in FY2019-Q2. Latest entry: 2026-10-14.

22entries
9years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2019-Q2 – FY2020-Q2OtherFY2020-Q3 – FY2023-Q2MaterialisedFY2024-Q2 – 2026-10-142018: 12019: 420192020: 220202021: 220212022: 320222023: 120232024: 120242025: 220252026: 62026
Same theme, other companies
Pressure on Profitability and Sales Costs from Rising Logistics CostsA theme 38 companies write about · 39 as a headwind · 0 as a tailwind

Seihyo moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).

The whole theme swung hardest in 2026: 13 of 22 companies on the "Worse" side.

6 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 38 companies compared. The sentences above are computed from all 38.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1MaterialisedAnnual report

    「As some products sold below plan, storage periods for product inventories were extended, causing storage fees paid to external warehouses to exceed expectations. Transportation costs also increased with higher sales, resulting in higher SG&A expenses, particularly transportation and storage costs.」

    Sales shortfalls for some products extended the inventory storage period, causing storage fees paid to external warehouses to exceed expectations. Transportation costs also increased with higher sales, resulting in higher selling, general and administrative expenses, mainly transportation and storage costs.
  2. FY2026-H1MaterialisedAnnual report

    「Transportation costs ¥160,974 thousand ¥185,869 thousand」

    Transportation costs for the current interim accounting period amounted to ¥185,869 thousand, up from ¥160,974 thousand in the same period of the previous year. The increase in selling, general and administrative expenses, including transportation and warehousing costs, associated with higher sales is reflected in the results.
  3. FY2025MaterialisedAnnual report

    「Selling, general and administrative expenses amounted to ¥771 million, due mainly to higher transportation and warehousing costs accompanying increased sales and higher personnel expenses.」

    Higher transportation and warehousing costs accompanying increased sales and higher personnel expenses continued, bringing selling, general and administrative expenses to ¥771 million.
  4. FY2024MaterialisedAnnual report

    「Selling, general and administrative expenses amounted to ¥666 million, due mainly to higher transportation and warehousing costs accompanying increased sales and higher personnel expenses.」

    Amid strong sales and higher personnel expenses, selling, general and administrative expenses, including transportation and warehousing costs, amounted to ¥666 million.
  5. FY2024-Q2MaterialisedAnnual report

    「Transportation costs ¥107,398 thousand ¥149,607 thousand」

    Transportation costs for the cumulative second quarter increased from ¥107,398 thousand in the same period of the previous year to ¥149,607 thousand, reflecting higher logistics costs associated with strong sales.
  6. FY2023-Q2RestatedAnnual report

    「In terms of earnings, promotional and transportation expenses increased in line with higher sales of ice cream products, while efforts were made to control other operating expenses, but」

    The disclosure cites higher promotional and transportation expenses due to increased sales of ice cream products, alongside efforts to control other operating expenses.
  7. FY2022Higher transportation costs coexisted with lower external warehousing costsAnnual report

    「Selling, general and administrative expenses were ¥579 million, up 3.1% from the previous fiscal year. Although sales commissions and transportation costs within transportation and warehousing expenses increased with expanded sales of own-brand frozen confectionery products, rigorous inventory management significantly reduced external warehouse storage costs, among other factors.」

    Transportation costs increased as sales of the company’s branded products expanded, while storage costs for external warehouses were reduced through more rigorous inventory management.
  8. FY2022-Q3RestatedAnnual report

    「In terms of profit and loss, although promotional expenses and transportation expenses increased with higher sales of core ice cream products, the company worked to control other operating expenses. It also strengthened coordination among the sales, production, and logistics departments and reduced storage fees paid and other expenses by advancing optimal inventory management.」

    Higher promotional and transportation expenses due to increased sales coexisted with lower storage fees paid and other costs resulting from coordination among divisions and inventory management.
  9. FY2022-Q2Higher promotional and transportation expenses due to increased sales coexisted with lower storage feesAnnual report

    「In terms of profit and loss, although promotional expenses and transportation expenses increased with higher sales of core ice cream products, the company worked to control other operating expenses. It also strengthened coordination among the sales, production, and logistics departments and reduced storage fees paid and other expenses by advancing optimal inventory management.」

    Promotional and transportation expenses increased with higher sales, while storage fees paid and other costs decreased through coordination among divisions and inventory management.
  10. FY2021While opportunity losses from excess inventories continued, external warehousing costs were reduced through inventory managementAnnual report

    「Excess inventory of products caused by adverse weather in the previous fiscal year continued to squeeze storage space for deposited goods during the current fiscal year, resulting in opportunity losses and a decline in storage fee revenue.」

    The pressure on storage space and opportunity losses caused by excess inventories in the previous fiscal year continued. However, storage costs for external warehouses were reduced through more rigorous inventory management, according to the disclosure.
  11. FY2020Storage fee income decreased due to higher inventoriesAnnual report

    「The main factor was a decrease in storage fee income because higher product inventories caused by adverse weather made it impossible to secure sufficient storage space.」

    Higher product inventories due to adverse weather led to a shortage of storage space, causing revenue in the logistics and warehousing segment to decline 10.7% year on year.
  12. FY2020-Q3Higher storage fees due to increased inventories caused by unfavorable weatherAnnual report

    「Due to the substantial increase in outsourced storage fees associated with higher product inventories resulting from unfavorable weather, among other factors,」

    In addition to increased production during the usual peak season, higher product inventories due to adverse weather were cited as a major factor behind the substantial increase in storage fees paid.
  13. FY2020-Q2MaterialisedAnnual report

    「In terms of profit and loss, although plant utilization progressed favorably and productivity improved, labor costs increased as the company expanded production ahead of the busy season, and storage fees paid for products increased substantially, resulting in」

    The substantial increase in outsourced storage fees for products associated with preparations to increase production ahead of the peak season also occurred in the current quarter.
  14. FY2020-Q1MaterialisedAnnual report

    「In terms of profit and loss, although transportation expenses for products and storage fees paid increased substantially as the company expanded production ahead of the busy season, the company reduced manufacturing losses and extended the operating hours of its production lines, resulting in」

    The substantial increase in transportation and outsourced storage fees for products associated with preparations to increase production ahead of the peak season also occurred in the current quarter.
  15. FY2019MaterialisedAnnual report

    「Although transportation and outsourced storage fees for products increased substantially during the summer season in line with higher sales,」

    The substantial increase in transportation and outsourced storage fees for products associated with higher sales and increased summer production also occurred in the current fiscal year.
  16. FY2019-Q3MaterialisedAnnual report

    「In terms of earnings, although transportation and outsourced storage fees for products increased substantially due to preparations to increase production ahead of the summer season,」

    The substantial increase in transportation and outsourced storage fees associated with preparations to increase production ahead of the summer season also occurred during the cumulative quarterly period.
  17. FY2019-Q2MaterialisedAnnual report

    「Although transportation and outsourced storage fees for products increased substantially due to preparations to increase production ahead of the peak season,」

    Transportation and outsourced storage fees increased substantially with preparations to increase production during the peak season. Within selling, general and administrative expenses, transportation costs increased from ¥70.393 million in the same period of the previous year to ¥81.929 million.
Moved together

"Turning Operating Profit, Ordinary Profit and Quarterly Net Profit Positive" moved the same way as this thread, in the same document, in 7 of its 22 moves.

764432★123456
  1. ★This thread
  2. 1Turning Operating Profit, Ordinary Profit and Quarterly Net Profit Positive7×
  3. 2Cash Generated from Operating Activities and Increase in Cash and Cash Equivalents6×
  4. 3Changes in Distribution Structures and Sales-Opportunity and Pricing Risks from Competition4×
  5. 4Rising Raw-Material Prices and Worsening Labor Shortages4×
  6. 5Decline in Sales of the Company’s Own Products and Ice Products Due to Unfavorable Weather3×
  7. 6Increase in Net Assets and Retained Earnings2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Seihyo yet. It last moved in the Revision of earnings forecasts of 2026-10-14: "Materialised".
News
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Increase in Transportation and Outsourced Storage Costs during Peak Season | SEIHYO CO.,LTD. (2872) | Komori