Higher Freight and Warehouse Costs in Domestic Logistics
First written in FY2019. 5 of 14 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2027-H1.
Twinbird moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 13 of 22 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「On the profit side, in addition to converting fixed costs into variable costs, the company reduced expenses including logistics costs. As a result, selling, general and administrative expenses as a percentage of revenue improved by 7.5 percentage points, from 36.6% in the same period of the previous year to 29.1%.」
The company reduced expenses including logistics costs, improving the selling, general and administrative expense ratio by 7.5 percentage points year on year. The disclosure describes progress in reducing the impact of rising logistics costs, which had previously pressured profit. - FY2026WorsenedAnnual report
「Operating profit fell well below the initial forecast due mainly to a substantial decline in sales and the resulting decrease in profit during the fourth quarter, the peak demand period, as well as higher inventory storage fees.」
Higher logistics costs, including inventory storage fees, together with lower sales of household refrigerators and washing machines, reduced operating income, which resulted in an operating loss of ¥855 million versus the initial forecast of ¥150 million. - FY2025WorsenedAnnual report
「Operating income declined from the previous fiscal year because inventories of refrigerators, washing machines and other products increased, causing logistics costs, including outsourced warehouse fees, to exceed the initial budget, among other factors.」
In addition to the longstanding rise in logistics costs, logistics costs, including outsourced warehouse fees, exceeded the initial budget as inventories increased, becoming a factor behind the decline in full-year operating income. - FY2022WorsenedAnnual report
「Geopolitical risks, including tensions between the United States and China and the escalating situation in Ukraine, have worsened the increases in crude oil and raw material prices, soaring logistics costs, and supply chain disruptions during the COVID-19 pandemic, and the situation requiring close monitoring continues.」
The company states that, in addition to the longstanding increase in logistics costs, geopolitical risks have worsened increases in crude oil and raw material prices, soaring logistics costs, and supply chain disruptions. - FY2021RestatedAnnual report
「However, selling, general and administrative expenses increased because logistics costs rose as the products handled became larger, and strategic investment related to the expansion of new sales channels, including the points-services market, also increased, among other factors.」
The increase in logistics costs resulting from the larger size of the products handled continues to weigh on profit. - FY2021-Q1MaterialisedAnnual report
「The first quarter was in line with the initial assumptions, although the continued increase in logistics costs since last year had an impact.」
The company states that the continued increase in logistics costs since the previous year continued to affect performance in the first quarter. - FY2020RestatedAnnual report
「Although affected by higher logistics costs continuing from the previous fiscal year, the Company contributed to higher operating profit through the effect of increased revenue and ongoing cost reduction efforts, among other factors.」
While higher logistics costs continued to affect profit from the previous fiscal year, the company explains that revenue growth and cost reductions improved operating income. - FY2020-Q3MaterialisedAnnual report
「Although revenue increased from the same period of the previous year, the company was affected by the continued increase in logistics costs since the previous fiscal year.」
The company explains that the continued increase in logistics costs since the previous fiscal year continued to weigh on profit during the cumulative consolidated period through the third quarter, despite the increase in revenue. - FY2020-Q2MaterialisedAnnual report
「Although the company continued to be affected by higher logistics costs and other factors since the previous fiscal year, revenue growth and other factors contributed to profit improvement.」
While higher logistics costs continued to affect profit, the company explains that revenue growth improved operating income from an operating loss in the same period of the previous year to ¥3 million. - FY2020-Q1MaterialisedAnnual report
「The first quarter was in line with the initial assumptions, although the continued increase in logistics costs since last year had an impact.」
The company explains that the continued increase in logistics costs since last year affected an operating loss of ¥185 million, an ordinary loss of ¥227 million, and a quarterly net loss attributable to owners of the parent of ¥163 million. The impact of higher domestic logistics costs also materialised during the quarter. - FY2019First statedAnnual report
「In addition to the decline in revenue through the first half, results were affected by quality improvement costs incurred during new product development, higher manufacturing costs in China, and increased freight and warehouse costs in domestic logistics, among other factors.」
The increase in domestic logistics freight and warehouse costs can be independently identified for the first time as a risk that affected profit in the current fiscal year.