Risk to Earnings from Rising Logistics Costs
First written in FY2019. 3 of 7 entries say "Worsened", first in FY2024-Q1. Latest entry: FY2026.
Showa Paxxs moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The price of kraft paper, the main raw material for heavy-duty bags, had remained high but rose further amid broad-based cost increases, including higher logistics and labor costs.」
The disclosure states that raw-material prices rose due to overall cost increases, including higher logistics costs and labor costs, in addition to the persistently high price of kraft paper. - FY2026-H1RestatedAnnual report
「Industry-wide shipments of film products during the current interim consolidated accounting period decreased year on year for both industrial and agricultural applications. Although prices of naphtha, the feedstock, remained weak, the price of polyethylene resin, the primary raw material, remained high because increases in logistics costs, labor costs and other expenses continued.」
The Company continues to recognize that polyethylene resin prices remain high as increases in logistics costs, labor costs and other expenses continue. - FY2025-H1RestatedAnnual report
「The price of polyethylene resin, the primary raw material, has risen again due to higher naphtha prices and increases in logistics costs and other expenses.」
Polyethylene resin prices continue to rise again due to higher naphtha prices, logistics costs and other expenses, and the risk to securing earnings from higher logistics costs remains. - FY2024WorsenedAnnual report
「Polyethylene resin, the primary raw material, has resumed an upward price trend due to higher crude oil and naphtha prices, increases in logistics costs and other expenses, and the impact of foreign exchange rates.」
The full-year disclosure continues to note the renewed rise in polyethylene resin prices due to crude oil and naphtha prices, logistics costs and other expenses, and foreign exchange rates. - FY2024-Q3RestatedAnnual report
「Prices of polyethylene resin, the main raw material, continue to rise again due to the impact of foreign exchange rates, in addition to increases in naphtha prices, energy costs, logistics costs and other expenses.」
The Company continues to recognize that increases in logistics costs, energy costs and other expenses are driving up raw-material prices. - FY2024-Q1WorsenedAnnual report
「Although naphtha prices have temporarily stabilized, the price of polyethylene resin, the primary raw material, remains high due to increases in energy costs, logistics costs and other expenses.」
While naphtha prices have temporarily stabilized, raw-material prices remain high due to increases in energy costs, logistics costs and other expenses. The risk to securing earnings from higher logistics costs is specifically evident. - FY2019First statedAnnual report
「The Group’s business environment includes various risk factors, such as economic trends, fluctuations in raw-material market conditions, higher logistics costs and difficulty securing personnel.」
Higher logistics costs are being explicitly identified for the first time as a business-environment risk factor alongside raw-material market conditions and difficulty securing personnel.