Shipment delays and higher freight costs caused by global logistics disruptions
First written in FY2022-Q2. 3 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 101 of 159 companies on the "Worse" side.
22 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「To strengthen our preparations for unforeseen events such as supply chain disruptions, we built a new factory and began production there in April this year.」
We built a new factory in Vietnam as a precaution against supply chain disruptions and began production there in April 2024. Measures to address logistics and supply interruptions have taken concrete shape. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, inflation remained persistent due to the prolonged situation surrounding Russia and Ukraine and instability in the Middle East. The outlook remained uncertain and opaque as the economy faced foreign exchange fluctuations associated with monetary tightening in various countries and downside risks to the Chinese economy resulting from the sluggish property market.」
Although there is no direct mention of global logistics disruptions or higher freight costs, an uncertain business environment resulting from international conditions, inflation and monetary tightening has continued. No new change in the level of logistics risk has been disclosed. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy continued to face disruption to international transportation, higher transportation costs, shortages of components including semiconductors, and an economic slowdown resulting from China's zero-COVID policy, even as efforts to balance pandemic controls with economic activity progressed.」
Disruptions in international transportation and higher freight costs have continued. This reconfirms that logistics risks remain even as demand recovers. - FY2022WorsenedAnnual report
「In addition to an economic slowdown resulting from China's zero-COVID policy, higher ocean freight costs and transportation delays, and shortages of components including semiconductors, the prolonged Russian invasion of Ukraine and rising energy prices have recently added to an ongoing situation that remains difficult to predict.」
Transportation delays and higher freight costs caused by global logistics disruptions continued throughout the fiscal year, and the analysis of operating performance also cited deterioration in cost of sales due to higher material and transportation costs. - FY2022-Q3RestatedAnnual report
「Although demand for capital investment remains strong in the industrial sewing machine industry, our group's core business, we have been affected by transportation delays and higher freight costs caused by global logistics disruptions.」
The impact of shipment delays and higher freight costs caused by global logistics disruptions has continued. The recovery in demand itself has been maintained, but no new change in the level of logistics risk has been disclosed. - FY2022-Q2First statedAnnual report
「Although demand for industrial sewing machines remains on a recovery trend, we have been affected by shipment delays and higher freight costs caused by global logistics disruptions.」
Amid the recovery in demand for industrial sewing machines, global logistics disruptions were disclosed for the first time as an independent risk that had actually materialized in the form of shipment delays and higher freight costs.