Upward pressure on logistics costs and outsourced labor costs
First written in FY2019-Q1. 12 of 15 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
Sanwa Holdings moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 13 of 16 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In Europe, challenging conditions continued due to weak market conditions and higher costs. Sales increased 0.6% from the previous consolidated fiscal year to ¥115,023 million, or declined 2.5% on a foreign-currency basis, while segment profit declined 36.0% to ¥2,178 million.」
Higher costs and worsening market conditions in Europe translated into a 36.0% full-year decline in segment profit. - FY2025-H1MaterialisedAnnual report
「In Europe, conditions remained challenging due to higher costs and deteriorating market conditions.」
Higher costs and worsening market conditions in Europe affected actual performance, with segment profit declining 32.0% year on year. - FY2024MaterialisedAnnual report
「In Europe, challenging conditions continued due to higher costs and deteriorating market conditions accompanying the economic slowdown.」
Higher costs and worsening market conditions in Europe translated into an 8.9% decline in segment profit from the previous fiscal year. - FY2024-Q3MaterialisedAnnual report
「In Europe, challenging conditions continued due to higher energy and other costs and deteriorating market conditions accompanying the economic slowdown. Sales increased 5.3% year on year to ¥81,928 million, or declined 4.9% on a foreign-currency basis, while segment profit declined 27.5% to ¥2,365 million.」
Higher energy and other costs and worsening market conditions affected the European business, with segment profit declining 27.5% year on year. - FY2024-Q2MaterialisedAnnual report
「In Europe, conditions remained challenging due to higher energy and other costs, as well as deteriorating market conditions accompanying the economic slowdown.」
Higher energy and other costs and worsening market conditions affected the European business, with segment profit declining 39.7% year on year to ¥1,254 million. - FY2023-Q3MaterialisedAnnual report
「Although the company focused on passing higher raw material and energy costs through to selling prices, revenue increased 24.2% year on year to ¥77,814 million, or 18.4% on a foreign-currency basis, while segment profit decreased 1.1% year on year to ¥3,261 million.」
Although the company proceeded with passing higher raw material and energy costs through to prices, Europe segment profit declined 1.1% year on year, indicating that cost pressure affected performance. - FY2022MitigatedAnnual report
「Although there were negative factors, including soaring raw material prices and supply chain disruption, revenue and profit increased.」
While higher raw material prices, logistics and supply constraints, and labor shortages continued to increase costs, revenue and profit increased overall through securing supplies, passing on higher costs in selling prices and reducing costs. - FY2022-Q3MaterialisedAnnual report
「The residential business continued to perform well against the backdrop of a strong housing market, and the non-residential business was also solid. However, substantial cost increases caused by soaring raw material prices, supply chain disruption and labor shortages resulted in revenue increasing 15.4% year on year to ¥98,773 million, or 13.5% on a foreign-currency basis, while segment profit decreased 15.9% to ¥4,070 million.」
Higher raw material costs, supply chain disruption and labor shortages translated into a 15.9% year-on-year decline in North America segment profit. - FY2021MitigatedAnnual report
「In the domestic business, Sanwa Shutter Corporation posted lower revenue due to declines in its core products, including heavy-duty shutters and building and condominium doors. However, efforts to reduce manufacturing, logistics and other costs narrowed the decline in earnings.」
The company explained that, amid continued upward pressure on manufacturing, logistics and other costs, cost reductions narrowed the decline in domestic business profit. - FY2020-Q2MaterialisedAnnual report
「During the six-month consolidated period ended 30 September, the external environment surrounding the Group included a domestic construction market that remained solid, while logistics and construction costs remained high amid tight supply and demand.」
Logistics costs and construction costs in Japan remain elevated amid tight supply and demand, emerging as cost pressure in the external environment. - FY2020-Q1MaterialisedAnnual report
「During the three-month consolidated period ended 30 June, the external environment surrounding the Group included a solid domestic construction market, while logistics costs and outsourced labor costs continued to rise amid tight supply and demand.」
Logistics costs and outsourced labor costs in Japan continue to rise amid tight supply and demand. - FY2019MaterialisedAnnual report
「In Europe and the United States as well, labor costs tended to rise amid tight supply and demand, as in Japan.」
Higher labor costs caused by tight supply and demand were confirmed throughout the fiscal year as an external factor affecting not only Japan but also Europe and the United States. - FY2019-Q3MaterialisedAnnual report
「During the nine-month consolidated period ended 31 December, the external environment surrounding the Group included continued strength in the domestic construction market and reconstruction demand following natural disasters in various regions. On the other hand, logistics costs and outsourced labor costs were rising amid tight supply and demand.」
Logistics costs and outsourced labor costs continue to rise amid tight supply and demand. - FY2019-Q2MaterialisedAnnual report
「In terms of earnings, the segment posted profit of ¥6,787 million, down 3.6% from the same quarter of the previous year, due to higher logistics costs, outsourced labor costs and labor costs associated with upfront investment.」
Higher logistics costs and outsourced labor costs, together with increased personnel expenses from upfront investments, translated into a 3.6% year-on-year decline in domestic segment profit. - FY2019-Q1First statedAnnual report
「In Japan, although the construction market remained firm, logistics costs and outsourced labor costs continued to rise amid tight supply and demand.」
Higher logistics costs and outsourced labor costs due to tight supply and demand have emerged as external factors affecting the domestic business and are also identified as factors contributing to lower profit in the Japan segment.