Impact of Vessel Shortages on Transport from Asia to Europe and the United States
First written in FY2021-Q1. 4 of 8 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2025-H1.
W-Scope moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 99 of 155 companies on the "Worse" side.
47 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Freight costs increased ¥382 million year on year to ¥1,295 million due to higher ocean freight rates to Hungary resulting from disruption to maritime transport in the Middle East and the need to switch some product shipments to air freight.」
Due to disruptions to maritime transport in the Middle East, sea freight rates to Hungary increased and shipments were shifted to air freight. Transportation costs therefore rose by ¥382 million year on year to ¥1,295 million. - FY2024-Q2WorsenedAnnual report
「Freight costs increased ¥160 million year on year due to higher ocean freight rates to Hungary resulting from disruption to maritime transport in the Middle East and the need to switch some product shipments to air freight.」
Disruption to maritime transport in the Middle East led to higher ocean freight rates to Hungary and a switch to air freight, resulting in a ¥160 million year-on-year increase in freight costs. The logistics risk that had previously diminished re-emerged as an actual cost burden. - FY2023-Q2MitigatedAnnual report
「Freight costs, which had been a significant burden in the second quarter of the previous fiscal year, declined ¥372 million year on year to ¥913 million as logistics for overseas shipments stabilized.」
As logistics for overseas shipments stabilized, freight costs declined ¥372 million year on year to ¥913 million, reducing the burden from logistics disruption and higher transportation costs. - FY2023-Q1MitigatedAnnual report
「Freight costs, which had been a significant burden in the first quarter of the previous fiscal year, declined ¥143 million year on year to ¥575 million as logistics for overseas shipments stabilized.」
As logistics for overseas shipments stabilized, freight costs declined ¥143 million year on year to ¥575 million, reducing the burden from the previous logistics disruption and surge in transportation costs. - FY2022DroppedAnnual reportThe annual securities report does not repeat a separate disclosure identifying the impact of transportation vessel shortages or shipping disruption as an independent risk.
- FY2021WorsenedAnnual report
「Factors included a ¥1,253 million increase in freight costs, partly due to the global surge in transportation costs.」
Disruption in global shipping and higher freight costs weighed on full-year profit through a ¥1,253 million increase in freight costs. - FY2021-Q3WorsenedAnnual report
「The company was also affected by a surge in transportation costs amid disruption in global shipping.」
In addition to the previous impact of vessel shortages, disruption in global shipping and higher transportation costs have emerged as factors weighing on profits. - FY2021-Q1First statedAnnual report
「Although production was somewhat affected by seasonal factors related to the Chinese New Year and a shortage of vessels transporting goods from Asia to Europe and North America, production remained broadly stable, supported by steady growth in demand for automotive batteries and growth in demand for power batteries used in high-end consumer products.」
The shortage of vessels transporting goods from Asia to Europe and North America was cited as a new logistics risk in the business environment during the quarter, with a minor impact on production.