Cost Burden and Impact on Performance from Higher Delivery Charges
First written in FY2019-Q3. 6 of 12 entries say "Restated". Latest entry: 2026-10-09.
Shirohato moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the e-commerce market, although the market continues to expand, competition among businesses has intensified further as a result of soaring purchase prices, higher logistics costs and an increase in new entrants.」
Although the market continues to expand, purchase prices and logistics costs have continued to rise, reaffirming the severity of the logistics and cost burden. - 2026-04-10RestatedEarnings
「The business environment remains challenging, owing to higher procurement prices resulting from foreign-exchange fluctuations, rising logistics costs, and intensifying competition as new entrants increase.」
Higher procurement prices caused by foreign-exchange fluctuations and rising logistics costs were reconfirmed as continuing cost burdens. - FY2025RestatedAnnual report
「In the e-commerce market, although the market continues to expand, the business environment is becoming increasingly challenging because of higher logistics costs, soaring purchase prices due to the weaker yen, and intensifying competition resulting from new entrants,」
Cost pressures, including higher logistics costs and soaring purchase prices due to the weaker yen, have continued, reaffirming the challenging business environment. - FY2024WorsenedAnnual report
「In addition to the continued rise in purchase costs resulting from the weaker yen and higher raw material and transportation costs caused by surging crude oil prices, concerns about further increases in shipping charges due to the 2024 logistics problem mean that uncertain conditions are expected to persist.」
In addition to the existing risk of higher delivery costs, explicit concern was expressed about further increases in shipping charges due to the 2024 logistics problem. - FY2022WorsenedAnnual report
「The resurgence of COVID-19 is expected to prolong the uncertain outlook, including delays in product arrivals caused by lockdowns in countries of production and increases in purchase costs and shipping charges resulting from higher raw material and transportation costs due to surging crude oil prices.」
In addition to the risk of higher delivery rates, rising raw material and transportation costs due to surging crude oil prices and delays in product arrivals caused by lockdowns in countries of production became additional risk factors. - FY2021MaterialisedAnnual report
「This was due to the inability to fully absorb the increased burden from higher delivery charges, higher salaries resulting from increased staffing, and increases in outsourcing expenses to resolve logistics system malfunctions and stalled shipping operations that arose immediately after the head-office relocation, as well as higher depreciation and amortization expenses associated with the acquisition of the head-office logistics center.」
The increased burden from higher delivery charges could not be fully absorbed and materialized as a factor behind the increase in selling, general and administrative expenses. - FY2020MaterialisedAnnual report
「However, we were unable to fully absorb through management efforts the increased cost burden resulting from higher delivery charges from August 2018,」
The increased cost burden from higher delivery rates could not be fully absorbed through management efforts and became a factor behind the operating loss. - FY2020-Q2RestatedAnnual report
「However, the environment remained difficult as a result of the impact of freight rate increases that had continued since the previous year and intensifying competition among companies across different business formats.」
It was stated that the impact of higher delivery rates, which has continued since last year, continues to weigh on the earnings environment. - FY2019WorsenedAnnual report
「The logistics network has recently failed to keep pace with demand, resulting in higher delivery costs. If delivery conditions deteriorate further, additional rate increases and customer attrition due to slower delivery speeds are also expected, potentially affecting our business and earnings.」
Higher delivery costs have already occurred, and the risk scope has expanded to include further rate increases and customer attrition caused by slower delivery speeds. - FY2019-Q3MaterialisedAnnual report
「The operating environment remains challenging, including the response to higher delivery rates imposed by the delivery industry and intensifying competition among companies across different business categories,」
Responding to higher delivery rates imposed by the delivery industry became a challenge, and passing on and absorbing the higher rates was cited as a factor behind the deterioration in earnings.