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Misawa & (3169) · RiskRestated

Higher Logistics-Related Costs

First written in FY2019. 15 of 19 entries say "Restated". Latest entry: FY2026.

19entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY20262019: 220192020: 320202021: 320212022: 320222023: 320232024: 220242025: 220252026: 12026
Same theme, other companies
SG&A and profit pressure from higher freight costsA theme 40 companies write about · 41 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.

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

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 40 companies compared. The sentences above are computed from all 40.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「The interior and furniture industry remains in a highly competitive environment, owing to higher rental costs for warehouses, stores and offices, rising delivery costs, and increases in labor costs resulting from labor shortages.」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside higher rents and labor costs.
  2. FY2026-H1RestatedAnnual report

    「The interior and furniture industry remains in a highly competitive environment, owing to higher rental costs for warehouses, stores and offices, rising delivery costs, and increases in labor costs resulting from labor shortages.」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside rental costs and higher labor costs resulting from labor shortages.
  3. FY2025RestatedAnnual report

    「The Company continues to face a challenging competitive environment due to rental costs for warehouses, stores, offices and other facilities, higher delivery costs and raw material prices, and increased labor costs resulting from labor shortages.」

    The filing continues to cite higher logistics and delivery-related costs alongside higher rents, raw material prices and labor costs.
  4. FY2025-H1RestatedAnnual report

    「インテリア・家具業界におきましては、倉庫・店舗・オフィス等の賃料コストや、配送コストの上昇及び原材料価格の上昇、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside higher rents, raw material costs and labor costs.
  5. FY2024RestatedAnnual report

    「① Higher delivery costs The Company aims to limit cost increases to the minimum necessary by developing new logistics providers and reviewing operations at its logistics centers.」

    The filing reiterates the policy of recognizing higher delivery costs as an issue and containing them by developing new logistics providers and reviewing logistics center operations.
  6. FY2024-Q3RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside entry by companies from other industries and higher labor costs resulting from labor shortages.
  7. FY2024-Q2RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside entry by companies from other industries and higher labor costs resulting from labor shortages.
  8. FY2024-Q1RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇及び木材不足等に起因するメーカーからの値上要請、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as an industry-environment factor, alongside entry by companies from other industries, requests from manufacturers for price increases, and higher labor costs resulting from labor shortages.
  9. FY2023-Q3RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇及び木材の不足等に起因するメーカーからの値上要請、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as an industry-environment factor, alongside entry by companies from other industries and requests from manufacturers for price increases.
  10. FY2023-Q2RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇及び木材の不足等に起因するメーカーからの値上要請、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside entry by companies from other industries, requests from manufacturers for price increases, and higher labor costs resulting from labor shortages.
  11. FY2023-Q1RestatedAnnual report

    「インテリア・家具業界におきましては、アパレルなどの異業種からの参入による販売競争の激化や、配送コストの上昇および木材の不足等に起因するメーカーからの値上要請、人材不足による人件費の増加等により、依然として厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside entry by companies from other industries, requests from manufacturers for price increases, and higher labor costs resulting from labor shortages.
  12. FY2022-Q2RestatedAnnual report

    「インテリア・家具業界におきましては、巣籠もり消費やテレワーク等の需要は一段落し、外出自粛による来店客数の減少、配送コストの上昇、木材の不足等に起因するメーカーからの値上要請、小売業界の人材不足による人件費の増加等により引き続き厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as a factor behind the challenging competitive environment, alongside requests from manufacturers for price increases and higher labor costs resulting from labor shortages.
  13. FY2022-Q1RestatedAnnual report

    「インテリア・家具業界におきましては、昨年からの巣籠もり消費やテレワーク等の新しい生活様式の定着による需要が増加しているものの、外出自粛による来店客数の減少、配送コストの上昇、木材の不足等に起因するメーカーからの値上要請、小売業界の人材不足による人件費の増加等により引き続き厳しい競争環境が続いております。」

    Higher delivery costs continue to be cited as an industry-environment factor, alongside requests from manufacturers for price increases due to wood shortages and higher labor costs resulting from labor shortages.
  14. FY2021MitigatedAnnual report

    「Although delivery costs increased following a price increase, the company was able to contain overall costs through lower rent and other occupancy expenses resulting from temporary store closures and reduced transportation expenses from using web conferences.」

    Although logistics costs increased due to higher delivery charges, overall costs were contained through reductions in other expenses.
  15. FY2021-Q3RestatedAnnual report

    「The Company continues to face a challenging competitive environment due to a decline in customer visits caused by calls to refrain from going out, intensifying competition across industry and business boundaries, higher delivery costs, and increased labor costs resulting from labor shortages in the retail industry.」

    Higher delivery costs continue to be cited as a factor contributing to the challenging competitive environment in the furniture and interior industry.
  16. FY2021-Q2RestatedAnnual report

    「The Company continues to face a challenging competitive environment due to a decline in customer visits caused by calls to refrain from going out, intensifying competition across industry and business boundaries, higher delivery costs, and increased labor costs resulting from labor shortages in the retail industry.」

    Higher delivery costs continue to be cited as a factor behind the industry's challenging competitive environment.
  17. FY2020MitigatedAnnual report

    「Although delivery costs increased following a rise in delivery charges from October 2019, the Company was able to contain overall costs.」

    The filing states that costs actually increased due to higher delivery charges, but overall costs were contained through measures including a review of the advertising strategy.
  18. FY2020-Q3MaterialisedAnnual report

    「Although demand ahead of the consumption tax increase through the end of September was greater than expected and the Company was affected by increases in packaging and freight charges from October onward, revenue, operating profit, ordinary profit and quarterly net profit increased year on year.」

    Logistics-related costs had previously been identified as a risk expected to increase in the future, and the filing states that the impact of higher packaging and freight charges from October onward actually materialized.
  19. FY2019First statedAnnual report

    「Meanwhile, continued cost reductions are necessary to absorb logistics-related costs and other expenses that are unavoidably expected to increase going forward.」

    The filing identifies for the first time the risk that continued cost reductions will be necessary to absorb expected future increases in logistics-related costs and other expenses.
Moved together

"Product Development Pursuing What Makes Us Distinctive" moved the same way as this thread, in the same document, in 2 of its 19 moves.

222222★123456
  1. ★This thread
  2. 1Product Development Pursuing What Makes Us Distinctive2×
  3. 2Dividend Policy Prioritizing New Store Openings and Strengthening the Financial Base2×
  4. 3Improving Productivity and Optimizing Costs2×
  5. 4Risk Relating to the Recovery of Lease Deposits and Continued Store Operations2×
  6. 5Strengthening Production Control and Focusing Resources on E-Commerce Strategy2×
  7. 6Risk of Shareholder-Value Dilution from the Exercise of Stock Acquisition Rights2×

★ 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 Misawa & yet.
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Higher Logistics-Related Costs | Misawa & Co.,Ltd. (3169) | Komori