Higher Freight Rates Due to Labor Shortages

「Concerns remain over the trade policies of various countries, foreign exchange trends, and rising energy prices and logistics costs amid heightened tensions in the Middle East, leaving the outlook uncertain.」

「The warehouse business reported revenue of ¥103 million, down 16.4% year on year, or ¥20 million, and an operating loss of ¥0 million, compared with operating profit of ¥11 million in the same period of the previous year, due to higher labor and other costs and lower cargo volumes.」

「In the warehousing business, despite developing new customers and pursuing initiatives with them, sales were ¥228 million, down 5.6% year on year, or ¥13 million, and the company posted an operating loss of ¥0 million, compared with operating profit of ¥16 million in the previous fiscal year, due to lower cargo volumes and higher fuel prices, freight rates and other costs.」

「In the warehousing business, despite developing new customers and pursuing initiatives with them, sales were ¥172 million, down 4.7% from the same period of the previous year, or ¥8 million, and the company posted an operating loss of ¥1 million, compared with operating profit of ¥10 million in the same period of the previous year, due to lower cargo volumes and higher fuel prices, freight rates and other costs.」

「In the warehousing business, despite focusing on developing new customers, sales were ¥115 million, down 4.1% from the same period of the previous year, or ¥4 million, and the company posted an operating loss of ¥1 million, compared with operating profit of ¥9 million in the same period of the previous year, due to lower cargo volumes and higher fuel prices, freight rates and other costs.」

「In the warehousing business, despite focusing on developing new customers and pursuing initiatives with them, sales were ¥56 million, down 5.9% from the same period of the previous year, or ¥3 million, and operating profit was ¥0 million, down 92.6%, or ¥5 million, due to lower cargo volumes and higher fuel prices, freight rates and other costs.」

「All costs, including raw materials and energy, have continued to rise, and the company focused on promoting cost-reduction activities such as reducing usage intensity.」

「The warehouse business increased sales through initiatives with new customers, but was affected by increases in various costs, including fuel prices and freight rates,」

「The warehouse business increased sales by developing new customers, but due to higher fuel prices and freight rates,」

「All prices, including raw material, energy and logistics costs, have risen due to soaring global energy prices for crude oil and coal, as well as supply constraints, labor shortages and container shortages resulting from the COVID-19 pandemic.」

「Business conditions remain challenging due to higher production costs, including soaring raw material prices caused by explosions at dye plants in China and environmental regulations, as well as higher logistics costs associated with labor shortages.」

「Manufacturing costs continue to increase, driven by soaring raw material prices and higher logistics costs associated with labor shortages.」

「In addition to persistently high prices for basic chemicals such as caustic soda, higher dye prices and logistics costs continue to put pressure on earnings, creating a challenging environment.」

「In addition, logistics-related expenses rose against a backdrop of labor shortages and soaring fuel costs, and overall manufacturing costs continued to increase.」

「In response to soaring logistics and raw material prices,」

「In Japan, the situation remains serious, as freight rates and storage fees have increased and heavy oil, gas and electricity costs have also surged.」

「Freight rate increases caused by labor shortages have become a serious issue.」