Delays in Agricultural Machinery Exports Due to Tight Supply and Demand for Shipping Containers
First written in FY2021. 3 of 7 entries say "Materialised", first in FY2021. Latest entry: FY2026.
MarketEnterprise moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 99 of 155 companies on the "Worse" side.
30 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For used vehicles, logistics for inventory intended for export stagnated because of the closure of the Strait of Hormuz toward the end of the period, and trading in lower-priced vehicles remained sluggish.」
Regarding shipping and geopolitical risks, the closure of the Strait of Hormuz actually caused logistics for used vehicles intended for export to stagnate and sales to weaken. In addition to existing agricultural machinery exports, other products sold overseas were also affected. - FY2025-H1WorsenedAnnual report
「During the current interim consolidated accounting period, higher ocean freight rates, which peaked in summer, led customers to hold back on purchases and slowed the rate of growth.」
In addition to overseas customers holding back on purchases because of higher ocean freight rates, the temporary accumulation of inventory awaiting departure occurred because container ships skipped ports. - FY2024WorsenedAnnual report
「We have been affected by unstable shipping conditions, including shipment delays to certain exporting countries and overseas customers holding back on purchases because of higher ocean freight rates.」
The shortage of shipping containers and higher ocean freight rates actually caused shipment delays and overseas customers to hold back on purchases. The company is developing sales channels in new regions and relationships with shipping operators as a risk hedge. - FY2022MitigatedAnnual report
「To mitigate these effects, in April 2022 we acquired the used agricultural machinery purchasing and sales business of 株式会社ファーマリー, which has strengths in domestic purchase and sales channels. Going forward, we will work to steadily expand the volume handled by using both our existing and new purchase and sales channels in an integrated manner.」
To reduce dependence on exports resulting from the shortage of shipping containers, the company acquired the ファーマリー business, which has domestic channels. The risk of export delays itself remains. - FY2021MaterialisedAnnual report
「Shipments to certain exporting countries were delayed because of a worldwide shortage of shipping containers caused by the spread of COVID-19, while sold inventory remained on hand, putting pressure on storage capacity and creating other effects.」
In agricultural machinery exports, shipment delays and the accumulation of sold products caused by the shortage of shipping containers actually occurred.