Pressure on Profits from Rising Logistics Costs
First written in FY2019-Q2. 6 of 9 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026-H1.
Corona moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In terms of profit, although housing equipment performed steadily, lower selling prices and volumes for air-conditioning and home appliances, as well as increases in purchasing prices for raw materials and other items and in selling, general and administrative expenses such as personnel and logistics costs, resulted in an operating loss of ¥599 million, compared with operating profit of ¥38 million in the previous interim consolidated accounting period, an ordinary loss of ¥364 million, compared with ordinary profit of ¥203 million, and an interim net loss attributable to owners of the parent of ¥259 million, compared with interim net profit attributable to owners of the parent of ¥142 million.」
Rising selling, general and administrative expenses, including logistics costs, pressured profit, and operating income turned from income of ¥38 million in the previous interim period to a loss of ¥599 million. - FY2025MaterialisedAnnual report
「The main factors behind the increase in selling, general and administrative expenses were increases of ¥233 million in logistics costs and ¥104 million in advertising expenses, respectively.」
Logistics costs increased by ¥233 million and pressured profit as a factor driving the increase in selling, general and administrative expenses. - FY2023MaterialisedAnnual report
「The main factors behind the increase in selling, general and administrative expenses were increases of ¥125 million in logistics costs and ¥144 million in advertising expenses, respectively.」
Logistics costs, which had declined in the previous fiscal year, increased by ¥125 million in the current fiscal year and again emerged as a factor driving the increase in selling, general and administrative expenses. - FY2022MitigatedAnnual report
「The main factors behind the decrease in selling, general and administrative expenses were decreases of ¥529 million in personnel expenses, ¥305 million in quality assurance expenses and ¥165 million in logistics costs, respectively.」
Logistics costs, which had increased in the previous fiscal year, decreased by ¥165 million in the current fiscal year, temporarily easing the profit pressure from rising logistics costs. - FY2021MaterialisedAnnual report
「The main factors behind the increase in selling, general and administrative expenses were decreases of ¥111 million in travel and transportation expenses, ¥73 million in repair expenses and ¥48 million in research and development expenses, respectively, offset by increases of ¥273 million in logistics costs and ¥243 million in personnel expenses, respectively.」
Logistics costs, which had declined in the previous fiscal year, increased by ¥273 million in the current fiscal year and again emerged as a factor pressuring profit. - FY2020MitigatedAnnual report
「The main factors behind the decrease in selling, general and administrative expenses were increases of ¥88 million in repair expenses and ¥66 million in advertising expenses, respectively, offset by decreases of ¥230 million in personnel expenses and ¥92 million in logistics costs, respectively.」
Logistics costs decreased by ¥92 million year on year and, whereas rising logistics costs had previously pressured profit, they were cited as a factor reducing expenses in the current fiscal year. - FY2019MaterialisedAnnual report
「The main factor behind the increase in selling, general and administrative expenses was a ¥208 million decrease in personnel expenses, offset by a ¥251 million increase in logistics costs.」
The ¥251 million increase in logistics costs was quantified and actually pressured profit as a factor driving the increase in selling, general and administrative expenses. - FY2019-Q3MaterialisedAnnual report
「In terms of earnings, although the company pursued production cost reductions and company-wide expense cuts, operating income was ¥3,137 million, down 22.4% year on year, ordinary income was ¥3,390 million, down 20.6%, and quarterly net income attributable to owners of the parent was ¥2,388 million, down 22.6%, due to higher raw material prices, logistics costs, and depreciation associated with dies and capital investments.」
The increase in logistics costs continued to affect profit, and operating income, ordinary income and quarterly net income attributable to owners of the parent declined year on year. - FY2019-Q2MaterialisedAnnual report
「In terms of earnings, although the company pursued production cost reductions and company-wide expense cuts, operating income was ¥407 million, down 42.4% year on year, ordinary income was ¥560 million, down 32.3%, and quarterly net income attributable to owners of the parent was ¥384 million, down 40.4%, due to higher raw material prices, logistics costs, and depreciation associated with dies and capital investments.」
The increase in logistics costs was stated to have affected profit, with the impact quantified as declines in operating income, ordinary income and quarterly net income attributable to owners of the parent.