Passing on labor costs through freight-rate revisions to address labor shortages
First written in FY2019-Q2. 1 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2020-Q2.
3 other companies' latest entry also says "Restated".
- FY2020-Q2RestatedAnnual report
「Revenue increased slightly as freight rates were revised in line with higher labor costs to address the labor shortage.」
The Company continued to revise freight rates to address higher labour costs resulting from labour shortages, and revenue in the transportation business increased 0.1% year on year. - FY2019AdvancedAnnual report
「In the transportation business, revenue increased as a result of higher sales following the opening of the Mie Sales Office, stable handling of shipments of heavy items such as machinery, and the success of reviewing business relationships to secure personnel.」
The Company explained that its review of business relationships to secure personnel continued to be effective for the full year. Revenue in the transportation business increased 7.3% year on year, and segment profit increased 20.8%. - FY2019-Q3Securing personnel through a review of business relationshipsAnnual report
「In the transport business, revenue increased as the review of transactions to secure workers proved effective.」
Separate from the freight-rate revision described in the previous quarter, the Company cited a review of business relationships as a measure to secure personnel in the current quarter and explained that the measure increased revenue. - FY2019-Q2First statedAnnual report
「Revenue increased as freight rates were revised in line with higher labor costs to address the labor shortage.」
The Company states for the first time that it revised freight rates to address higher labour costs resulting from labour shortages, leading to increased revenue.