Deteriorating earnings environment due to rising logistics and labor costs
First written in FY2018. 11 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 64 of 102 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan's economy showed a gradual recovery alongside improvements in employment and income conditions, while economic activity continued to normalize. However, the economic outlook remains uncertain due to the impact of U.S. tariff policies, the slowdown in the Chinese economy, persistently high raw material prices, and rising logistics costs.」
The company continues to recognize uncertainty in the price and profit environment from persistently high raw material prices and rising logistics costs, together with US tariff policy and the slowdown in the Chinese economy. - FY2025RestatedAnnual report
「Uncertainty about the outlook continues due to the effects of inflation, including higher raw material prices and logistics costs.」
The company continues to recognize rising raw material prices and logistics costs and inflation as sources of uncertainty in the profit environment. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain, as concerns persist about the effects of surging prices caused by higher raw material and logistics costs, the slowdown in the Chinese economy, and geopolitical risks related to the situations in Ukraine and the Middle East.」
The company continues to identify inflation caused by rising raw material prices and logistics costs as a source of uncertainty in the profit environment. - FY2024-Q2RestatedAnnual report
「Meanwhile, the impact of rising prices resulting from the prolonged depreciation of the yen and soaring raw material and energy prices has also been substantial, and the economic environment remains uncertain.」
The company continues to identify inflation driven by surging raw material and energy prices and the yen's depreciation as a source of uncertainty in the profit environment. - FY2023MaterialisedAnnual report
「Surging utility costs beyond expectations, stemming from geopolitical risks, had a significant impact on profits and employees' lives.」
The company stated that surging utility costs against a backdrop of geopolitical risks had an actual impact on profits and employees' lives, among the risks to the profit environment including rising logistics and labor costs. - FY2023-Q2RestatedAnnual report
「The challenging operating environment continues, including stagnant personal consumption resulting from higher product prices due to surging raw material prices and logistics costs.」
The company has reaffirmed the challenging earnings and consumer environment caused by surging raw material prices and logistics costs and rising product prices. - FY2023-Q1RestatedAnnual report
「The general merchandise retail industry is also continuing to face a difficult operating environment. Although signs of recovery have appeared in some areas, customer traffic has remained sluggish due to the prolonged impact of COVID-19, while personal consumption has stagnated as product prices have risen amid soaring raw material and logistics costs.」
The company has reaffirmed the challenging earnings and consumer environment caused by surging raw material prices and logistics costs and rising product prices. - FY2022RestatedAnnual report
「The prolonged situation in Ukraine drove up crude oil and raw material prices, while the impact of U.S. monetary policy and other factors led to a rapid depreciation of the yen and rising prices. The environment surrounding personal consumption has consequently become more challenging, and uncertainty about the outlook continues.」
The company continues to recognize the challenging earnings and consumer environment caused by rising raw material prices and inflation. - FY2020-Q2RestatedAnnual report
「The home improvement retail industry is also continuing to face a difficult operating environment due to trends in consumer sentiment following the consumption tax rate increase, intense competition across industries and business formats, particularly in daily necessities and consumables, as well as labor shortages caused by difficulties in hiring and rising labor and logistics costs.」
The company continues to recognize the challenging profit environment, including labor shortages and rising labor and logistics costs. - FY2020-Q1RestatedAnnual report
「The home improvement retail industry is also continuing to face a difficult operating environment due to consumers' persistent preference for saving, intense competition across industries and business formats, particularly in daily necessities and consumables, as well as labor shortages caused by difficulties in hiring and rising labor and logistics costs.」
The company has reaffirmed the challenging profit environment, including labor shortages caused by difficulties in hiring and rising labor and logistics costs. - FY2019-Q3RestatedAnnual report
「The home improvement industry continues to face a challenging business environment due to consumers' persistent preference for frugality, intense sales competition across industry and business-format boundaries, particularly in household goods and consumables, as well as labor shortages caused by recruitment difficulties and rising labor and logistics costs.」
The company has reaffirmed the challenging profit environment, including labor shortages caused by difficulties in hiring and rising labor and logistics costs. - FY2019-Q2RestatedAnnual report
「The home improvement industry continues to face a challenging business environment due to consumers' persistent preference for frugality, intense sales competition across industry and business-format boundaries, particularly in household goods and consumables, as well as labor shortages caused by recruitment difficulties and rising labor and logistics costs.」
The company continues to describe a challenging profit environment, including labor shortages and rising labor and logistics costs, as it did in the previous quarter. - FY2019-Q1WorsenedAnnual report
「A challenging operating environment continues due to labor shortages caused by difficulties in hiring, as well as rising labor and logistics costs.」
The company explicitly identified labor shortages caused by difficulties in hiring, in addition to rising labor and logistics costs, specifying the factors behind the deterioration in the profit environment. - FY2018First statedAnnual report
「The home improvement industry continues to face a challenging operating environment, due in part to intense competition across business categories and formats and rising logistics and labor costs.」
For the first time, the company explicitly identified rising logistics and labor costs, alongside sales competition, as factors contributing to the challenging operating environment in the home improvement industry.