Cost increases in the refrigerated warehousing business due to soaring electricity rates
First written in FY2023-Q2. 2 of 6 entries say "Worsened", first in FY2023. Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Revenue was ¥286 million, up 8.5% from the previous fiscal year, due to an increase in storage fee income, while segment profit was ¥25 million, up 242.1%.」
Although the risk of higher costs, including electricity charges and personnel expenses, remains, profit in the cold storage and related businesses recovered to ¥25 million due to an increase in storage fee income, up 242.1% from the same period of the previous year. - FY2025WorsenedAnnual report
「In terms of profit, segment profit was ¥7 million, down 66.9% from the previous fiscal year, due to the impact of higher electricity charges and personnel expenses, which increased the cost of sales.」
Higher electricity charges and personnel expenses put pressure on profit in the cold storage and related businesses, causing segment profit to fall 66.9% from the previous fiscal year. - FY2025-H1RestatedAnnual report
「Meanwhile, the difficult situation has continued, with demand for eating at home stagnating as consumers became increasingly defensive in their spending due to higher food, electricity and gas prices associated with yen depreciation and persistently high energy prices.」
It reconfirms the environment of persistently high electricity, gas and energy prices. Although an increase in storage costs is cited as the cause of lower profit in the cold storage and related businesses, this filing does not explicitly state a direct causal relationship with electricity charges. - FY2023WorsenedAnnual report
「In terms of profit, segment profit was ¥0 million, down 93.5% from the previous fiscal year, due to an increase in the cost of sales resulting from higher electricity charges and other factors.」
The increase in costs in the cold storage and related businesses caused by higher electricity charges and other factors continued throughout the year, and segment profit fell 93.5% from the previous fiscal year to ¥0 million. - FY2023-Q3MaterialisedAnnual report
「In the refrigerated warehousing and other business, revenue was ¥184 million, up ¥4 million year on year. However, segment loss was ¥0 million, compared with segment profit of ¥6 million in the same period of the previous year, because selling, general and administrative expenses increased due to soaring electricity charges and other factors.」
Higher electricity charges and other costs led to an actual deterioration in profit through increased selling, general and administrative expenses, causing the segment to shift from a profit in the same period of the previous year to a segment loss. - FY2023-Q2First statedAnnual report
「In the refrigerated warehousing and other business, revenue was ¥113 million, compared with ¥112 million in the same period of the previous year. However, segment loss was ¥7 million, compared with segment profit of ¥2 million in the same period of the previous year, because the cost of sales increased due in part to soaring electricity charges.」
Higher electricity charges actually manifested themselves as an increase in the cost of sales in the cold storage and related businesses, which shifted from a profit in the same period of the previous year to a segment loss of ¥7 million.