Risk of higher export container costs
First written in FY2022-Q2. 3 of 7 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2022: 11 of 24 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Regarding operating results, despite the impact of higher fuel and raw material prices, operating profit was ¥6,611 million, up 175.8% year on year, due to higher sales and production volumes, sales price adjustments, operating improvements, softer ocean freight rates and the positive effect of the yen's depreciation.」
Regarding ocean freight costs, which had remained elevated through the previous fiscal year, softer ocean freight rates were identified as a factor improving profitability, and the impact of higher export logistics costs was eased. - FY2024-Q3MitigatedAnnual report
「Regarding operating results, despite the impact of higher fuel and raw material prices, operating profit was ¥6,611 million, up 175.8% year on year, due to higher sales and production volumes, sales price adjustments, operating improvements, softer ocean freight rates and the positive effect of the yen's depreciation.」
Regarding ocean freight costs, which had remained elevated through the previous fiscal year, softer ocean freight rates continued to be identified as a factor improving profitability. The adverse impact of higher logistics costs on operating performance was shown to have eased. - FY2024-Q1MitigatedAnnual report
「Regarding operating results, operating profit was ¥1,740 million, up 542.1% year on year, due to higher sales and production volumes, sales price adjustments, operating improvements, softer ocean freight rates and the positive effect of the yen's depreciation.」
Regarding ocean freight costs, which had remained elevated through the previous fiscal year, softer ocean freight rates were identified as a factor improving profitability in the titanium business. The adverse impact of higher logistics costs on operating performance was shown to have eased. - FY2023-Q1RestatedAnnual report
「Raw material and fuel costs, particularly titanium sources and coal, as well as ocean freight costs, also remain elevated.」
The Company reported that elevated ocean freight costs have continued. It continues to recognize the risk of higher export logistics costs that materialized as an operating performance factor in the previous fiscal year. - FY2022MaterialisedAnnual report
「Despite efforts to increase sales volumes in the titanium business, improve production parameters, reduce labour costs and control miscellaneous expenses, operating loss was ¥1,914 million, compared with a loss of ¥3,425 million in the same period of the previous year, due to continued low operating rates to optimise inventory, soaring prices for various fuels and raw materials, and a substantial increase in ocean freight rates.」
A substantial increase in ocean freight rates, together with soaring raw material and fuel prices and low operating rates, was reflected in full-year results as a factor contributing to operating loss. The risk of higher container and logistics costs materialized as an operating performance factor. - FY2022-Q3MaterialisedAnnual report
「The outlook for the domestic and overseas economies remains difficult to predict, owing to supply-side constraints such as global shortages of components and logistics disruptions, as well as the impact of the rapid spread of new variants.」
Supply-side constraints, including logistics disruptions, were reported as having actually arisen, and higher container costs for exports were identified as a factor worsening operating loss. The risk of higher container costs emerged as an operating performance factor rather than remaining merely a concern. - FY2022-Q2First statedAnnual report
「The Company's titanium business also faces concerns including persistently high raw material prices and rising container costs for exports, increasing uncertainty over the outlook.」
Higher container costs for exports were identified as a new concern regarding the outlook for the titanium business. Although an increase was indicated, no amount or rate of increase was disclosed.