Higher manufacturing costs due to rising labor costs in China and Southeast Asia
First written in FY2016. 10 of 24 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2026.
Jichodo moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Procurement prices have continued to rise due to the recent surge in material and energy prices, making it difficult to maintain prices through the Company's own efforts alone.」
The continued rise in procurement prices due to surging material and energy prices is described, as is the difficulty of maintaining prices through the Company's own efforts alone. - FY2026-H1RestatedAnnual report
「Although production costs for the core uniform products continue to rise due to higher energy and raw material prices,」
The continued rise in production costs due to higher energy and raw material prices is described. - FY2025WorsenedAnnual report
「Although production costs have been rising due to surging raw material and energy prices,」
Production costs have continued to rise due to surging raw material and energy prices, and higher procurement costs contributed to the decline in operating profit. - FY2025-H1RestatedAnnual report
「Production costs continue to trend upward due to higher material and energy prices and the continued depreciation of the yen.」
The continued rise in production costs due to higher material and energy prices and the continued depreciation of the yen is described. - FY2024WorsenedAnnual report
「Operating profit was ¥2,610 million, down 15.5% from the previous consolidated fiscal year, due to higher procurement costs resulting from further increases in raw material and logistics costs, among other factors.」
Further increases in raw material and logistics costs and higher procurement costs actually occurred and contributed to the 15.5% decline in operating profit. - FY2024-Q2WorsenedAnnual report
「To address higher production costs resulting from multiple price increases for product materials such as fabric and zippers and the continued depreciation of the yen,」
Multiple price increases for product materials and the continued depreciation of the yen have led to ongoing increases in production costs, indicating that cost pressures have persisted and broadened. - FY2024-Q1MitigatedAnnual report
「Although purchase prices were rising, gross profit improved from the same quarter of the previous year due in part to the price increases, reaching ¥876 million, up 23.4% year on year.」
Although procurement prices have continued to rise, the gross margin improved year on year due to higher selling prices, and operating profit increased 23.4%, according to the explanation. - FY2023-Q3MitigatedAnnual report
「Following the October 2022 revision of workwear prices, the company revised prices for medical and care wear from February 2023, working to improve profit margins that had deteriorated due to cost increases such as higher raw material and energy prices.」
Although cost increases, including higher raw material and energy prices, have continued, sales prices for medical and nursing-care wear were revised following workwear, and measures are being taken to address deteriorating profit margins. - FY2022WorsenedAnnual report
「Demand for corporate uniform replacements stagnated due to higher costs resulting from surging raw material, resource and energy prices and the depreciation of the yen, among other factors,」
In addition to surging raw material and resource and energy prices, the increase in procurement prices due to the depreciation of the yen is explicitly stated, and cost inflation is described as having affected demand for corporate uniform replacements. - FY2022-Q3WorsenedAnnual report
「Higher ocean freight rates resulting from container shortages and disruptions in port operations caused by the COVID-19 pandemic, higher raw material prices and the rapid depreciation of the yen, among other factors, led to higher costs.」
In addition to higher ocean freight rates and raw material prices, the explicit cost increase due to the rapid depreciation of the yen indicates that manufacturing and procurement cost pressures have broadened. - FY2022-Q2WorsenedAnnual report
「In the workwear industry as well, demand for corporate uniform replacements has been recovering since the lifting of the state of emergency and other restrictions, but the operating environment remained challenging due to the spread of the Omicron variant, yen depreciation, higher raw material costs and higher ocean freight rates, among other factors.」
In addition to the previously noted rise in raw material and logistics costs, the depreciation of the yen and higher ocean freight rates are explicitly stated, indicating that challenging cost conditions have continued. - FY2022-Q1WorsenedAnnual report
「Manufacturing costs also rose due to factors including higher crude oil prices, and conditions remained challenging.」
In addition to the previously noted rise in procurement and logistics costs, the increase in manufacturing costs due to higher crude oil prices is explicitly stated, indicating a broader range of cost pressures. - FY2021-Q1MaterialisedAnnual report
「Operating profit was ¥417 million, down 11.7% year on year, due to increased logistics expenses, despite an improvement in the gross margin.」
The increase in logistics expenses actually occurred and contributed to the 11.7% year-on-year decline in operating profit, while the gross margin improved. - FY2020MaterialisedAnnual report
「Operating profit was ¥1,847 million, down 27.5% from the previous consolidated fiscal year, due to higher raw material costs and a substantial increase in logistics expenses resulting from the increase in inventories, among other factors.」
Higher raw material costs and logistics expenses associated with increased inventories actually occurred and are identified as factors behind the 27.5% year-on-year decline in operating profit. - FY2020-Q3MaterialisedAnnual report
「Operating profit was ¥1,371 million, down 24.5% year on year, due to higher raw material costs and increased logistics expenses resulting from the inventory buildup, among other factors.」
Higher raw material costs and increased logistics expenses associated with the inventory buildup actually occurred and contributed to the 24.5% year-on-year decline in operating profit. - FY2020-Q2MaterialisedAnnual report
「Operating profit was ¥1,125 million, down 23.3% year on year, due to higher selling, general and administrative expenses, including increased logistics costs resulting from the strategic buildup of inventories as part of the "Judo-do Stocked" strategy.」
The increase in logistics costs associated with the inventory buildup actually occurred and contributed to the 23.3% year-on-year decline in operating profit through higher selling, general and administrative expenses. - FY2020-Q1MaterialisedAnnual report
「Operating profit was ¥473 million, down 13.1% year on year, due to higher cost of sales, including raw material costs, and higher selling, general and administrative expenses resulting from increased logistics costs associated with higher inventories and increased advertising and promotional expenses from proactive sales promotion looking ahead to the future.」
Higher raw material costs, logistics costs associated with increased inventories and advertising expenses actually arose and are identified as factors behind the 13.1% year-on-year decline in operating profit in the first quarter. - FY2019RestatedAnnual report
「In addition, logistics costs are rising due to a severe labor shortage, as are the costs of paper, including corrugated cardboard, utilities and raw materials such as fabric, and the operating environment remains challenging.」
The full-year period is described as a challenging cost environment in which logistics costs, paper, utilities and raw material prices continue to rise. - FY2019-Q3WorsenedAnnual report
「In addition, logistics costs are rising due to a severe labor shortage, as are the costs of paper, including corrugated cardboard, utilities and raw materials, and the operating environment remains extremely challenging.」
In addition to the previously noted rise in product procurement and logistics costs, the increase in logistics costs, paper, utilities and raw material prices amid the labor shortage is listed, indicating the broadening range of cost pressures. - FY2019-Q2MaterialisedAnnual report
「In the apparel and workwear industries as well, product procurement and logistics costs are rising,」
The continued rise in product procurement and logistics costs is described, and additional transportation costs have also arisen from switching to air freight. - FY2019-Q1RestatedAnnual report
「In the apparel and workwear industries as well, product procurement and logistics costs are rising, while」
The business environment is described as one in which product procurement and logistics costs continue to rise. - FY2018MaterialisedAnnual report
「The situation remains challenging due to concerns including surging logistics and overseas procurement costs and instability in overseas markets.」
The surge in overseas procurement costs is identified as an actual concern in the operating environment, and procurement costs also increased due to China's environmental regulations. - FY2018-Q3WorsenedAnnual report
「Although manufacturing costs have risen due to higher labor and raw material costs at overseas production sites,」
In addition to the previously noted rise in labor costs, the increase in raw material costs is also explicitly stated, and manufacturing costs have in fact risen. - FY2016MaterialisedAnnual report
「中国や東南アジアにおける人件費の上昇などに伴うコストアップに対応するため」
The increase in costs due to rising labor costs in overseas production regions is identified as an actual issue requiring a response.