Pressure on Transportation Profit from Fuel Costs, Labor Costs and Depreciation Expense Associated with Fleet Expansion
First written in FY2017-Q3. 13 of 20 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2026.
Onex moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Although revenue increased as orders grew, operating profit and ordinary profit declined due to soaring fuel costs and higher labor costs, among other factors.」
Higher fuel and labor costs were actually incurred as factors pressuring transport business profit, and segment profit declined 9.8% year on year. - FY2024-Q3MaterialisedAnnual report
「In the transport business, the company worked to secure rest facilities for drivers, reduce fuel consumption through eco-driving and optimize vehicle dispatching in response to the 2024 problem, but revenue and segment profit declined due to soaring fuel and other costs and sluggish order growth.」
Soaring fuel and other costs were an actual factor behind the declines in transport business revenue and profit. Although the company continued to respond through eco-driving and vehicle dispatching optimization, profit pressure continued. - FY2024-Q2MaterialisedAnnual report
「In the transport business, the company worked to optimize vehicle dispatching and reduce fuel consumption through eco-driving, but revenue and segment profit declined amid soaring fuel and other costs.」
The disclosure identifies soaring fuel and other costs as factors behind the declines in transport business revenue and profit. Meanwhile, the company continued to respond by optimizing vehicle dispatching and promoting eco-driving. - FY2023-Q3MaterialisedAnnual report
「In the transport business, fuel and other costs rose due to the impact of COVID-19, but revenue and segment profit increased as orders recovered somewhat.」
Soaring fuel and other costs continued in the transport business. Meanwhile, as orders recovered, revenue reached ¥455 million and segment profit ¥30 million. - FY2023-Q2MaterialisedAnnual report
「In the transport business, despite the impact of COVID-19 and soaring fuel and other costs, the company worked to reduce expenses, resulting in higher revenue and segment profit.」
Soaring fuel and other costs were actually incurred in the transport business. Meanwhile, revenue and segment profit increased due to expense reductions. - FY2022MitigatedAnnual report
「The company worked to reduce expenses, including outsourcing and labor costs, and segment profit increased.」
Despite the continuing impact of COVID-19 and higher fuel and other costs, transport business segment profit rose 27.4% year on year to ¥25 million due to lower outsourcing and labor costs, and the profit pressure from higher costs eased for the full year. - FY2022-Q3MaterialisedAnnual report
「In the transport business, revenue declined due to lower orders resulting from the impact of COVID-19 and soaring fuel and other costs, but segment profit increased due to lower labor costs.」
The disclosure identifies soaring fuel and other costs as a factor behind lower orders and the decline in transport business revenue. Meanwhile, profit increased due to lower labor costs. - FY2022-Q2MaterialisedAnnual report
「In the transport business, revenue declined due to lower orders resulting from the impact of COVID-19 and soaring fuel and other costs, but segment profit increased due to lower labor costs.」
The disclosure identifies soaring fuel and other costs as a factor behind lower orders and the decline in transport business revenue. Meanwhile, profit increased due to lower labor costs. - FY2022-Q1MitigatedAnnual report
「However, segment profit increased due to expense reductions.」
In the transport business, segment profit increased due to expense reductions, and the profit pressure from previously reported cost increases eased in the current quarter. - FY2020-Q3MaterialisedAnnual report
「Segment profit declined due to higher depreciation associated with the replacement of vehicles and equipment and higher personnel costs, among other factors.」
In the transport business, higher depreciation associated with the replacement of vehicles and equipment and higher personnel costs, among other factors, were incurred and contributed to the decline in segment profit. - FY2020-Q2MaterialisedAnnual report
「On the cost side, the company used subcontracted transport services while working to strengthen transport management, optimize vehicle dispatching and reduce fuel consumption through eco-driving, but segment profit declined due to higher labor costs.」
In the transport business, higher labor costs were incurred and contributed to the decline in segment profit. - FY2019MitigatedAnnual report
「In the transport business, revenue increased as a result of higher sales following the opening of the Mie Sales Office, stable demand for the transportation of heavy goods such as machinery, and the successful review of transactions to secure workers. The company also used subcontracted transport services while working to strengthen transport management, optimize vehicle dispatching and reduce fuel consumption through eco-driving, resulting in higher segment profit.」
As the company continued to review transactions to secure workers, use subcontracted transport services, strengthen transport management, optimize vehicle dispatching and promote eco-driving, transport business revenue increased 7.3% year on year and segment profit increased 20.8%, easing the profit pressure from higher costs. - FY2019-Q3MitigatedAnnual report
「In the transport business, revenue increased as the review of transactions to secure workers proved effective.」
The disclosure states that reviewing transactions to address worker shortages proved effective. Transport business segment profit also increased 16.7% year on year, and the profit pressure from previously reported cost increases eased in the current quarter. - FY2019-Q2MitigatedAnnual report
「Revenue increased following freight rate revisions to reflect higher labor costs in response to labor shortages. The company also used subcontracted transport services while working to strengthen transport management, optimize vehicle dispatching and reduce fuel consumption through eco-driving.」
Freight rates were revised to reflect higher labor costs associated with labor shortages, while efficiency initiatives continued. Transport business segment profit increased 24.6% year on year, and the profit pressure from higher costs eased. - FY2018MitigatedAnnual report
「In addition to using subcontracted transport services, we worked to strengthen operational management, improve vehicle dispatch efficiency and reduce fuel consumption through eco-driving, resulting in higher segment profit.」
Transport business segment profit rose 114.3% year on year to ¥45 million, and the profit pressure from fuel, labor and depreciation costs reported in the previous period eased in the current period. - FY2018-Q3MitigatedAnnual report
「In addition to using subcontracted transport services, we worked to strengthen operational management, improve vehicle dispatch efficiency and reduce fuel consumption through eco-driving, resulting in higher segment profit.」
As the transport business continued its efficiency initiatives, segment profit rose 121.7% year on year to ¥44 million, and the profit pressure from previously reported cost increases eased in the current quarter. - FY2017MaterialisedAnnual report
「The company used subcontracted transport services while working to strengthen transport management, optimize vehicle dispatching and reduce fuel consumption through eco-driving, but segment profit declined due to higher personnel costs to secure workers and increased depreciation.」
In the transport business, personnel costs to secure workers and depreciation increased, resulting in segment profit of ¥21 million, down 12.0% year on year. - FY2017-Q3MaterialisedAnnual report
「Segment profit declined due to higher diesel prices, increased labor costs and higher depreciation associated with fleet expansion.」
In the transport business, higher fuel and labor costs and depreciation associated with fleet expansion were incurred and contributed to the decline in segment profit.