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Fuso Pharmaceutical Industries (4538) · RiskRestated

Risk of Rising Logistics Costs from Heavy Products

First written in FY2021-Q1. 13 of 15 entries say "Restated". Latest entry: 2026-08-10.

15entries
7years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021-Q1 – 2026-08-102020: 220202021: 320212022: 320222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
SG&A and profit pressure from higher freight costsA theme 40 companies write about · 41 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.

6 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 40 companies compared. The sentences above are computed from all 40.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-10RestatedEarnings

    「However, uncertainty remains high regarding the situation in the Middle East, developments in U.S. trade policy, soaring resource and raw-material prices and logistics costs, and volatility in the financial and capital markets, and the situation remains unpredictable. If it becomes necessary to revise our earnings forecasts, we will disclose the revision promptly.」

    Higher resource and raw-material prices and logistics costs continued to be identified as uncertain factors affecting the earnings forecast.
  2. FY2026-H1RestatedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high and the operating margin to be low.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  3. FY2024RestatedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high and the operating margin to be low.」

    The company continues to describe that higher logistics expenses due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  4. FY2024-Q3RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  5. FY2024-Q2RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  6. FY2024-Q1RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  7. FY2023-Q3RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to show that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  8. FY2023-Q2RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  9. FY2023-Q1RestatedAnnual report

    「We have established large-scale manufacturing sites in both eastern and western Japan, product warehouses in various locations, and sufficient inventory to respond even if unexpected demand arises. In addition, because products generally contain a high proportion of heavy items, the impact of higher logistics costs is significant, inevitably resulting in very high cost of sales and selling, general and administrative expenses and a tendency toward lower operating profit margins.」

    The company continues to describe that higher logistics costs due to heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  10. FY2022RestatedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high and the operating margin to be low.」

    The company continues to show that higher logistics costs associated with heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  11. FY2022-Q2RestatedAnnual report

    「The company has dispersed large-scale manufacturing facilities across eastern and western Japan and established product warehouses in various locations, securing sufficient inventory to respond to unexpected demand. In addition, because its products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high.」

    The company continues to describe the significant impact of higher logistics costs due to heavy products and the resulting tendency for cost of sales and selling, general and administrative expenses to be high.
  12. FY2021Impact on operating margin made more specificAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high and the operating margin to be low.」

    The company explicitly states that higher logistics costs associated with heavy products push up cost of sales and selling, general and administrative expenses, tending to reduce the operating margin.
  13. FY2021-Q3RestatedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high.」

    The company continues to describe the increase in logistics costs due to heavy products and the resulting tendency for cost of sales and selling, general and administrative expenses to be high.
  14. FY2021-Q2RestatedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high.」

    The company continues to describe the increase in logistics costs due to heavy products and the resulting tendency for cost of sales and selling, general and administrative expenses to be high.
  15. FY2021-Q1First statedAnnual report

    「Because the company’s products consist largely of heavy items, the impact of higher logistics costs is significant, inevitably resulting in a tendency for cost of sales and selling, general and administrative expenses to be very high.」

    The company describes as a new risk the significant impact of higher logistics costs due to the large proportion of heavy products, and the resulting tendency for cost of sales and selling, general and administrative expenses to be high.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
No upcoming earnings preview for Fuso Pharmaceutical Industries yet. It last moved in the Earnings of 2026-08-10: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of Rising Logistics Costs from Heavy Products | Fuso Pharmaceutical Industries,Ltd. (4538) | Komori