Surging Ocean Freight Rates Due to the Global Container Shortage
First written in FY2022-Q1. 3 of 8 entries say "Restated". Latest entry: FY2025.
Daisui 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: 11 of 25 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportNo statement was identified explicitly presenting higher ocean freight rates caused by the global container shortage as an independent risk. Logistics risks are described mainly in terms of the shortage of truck drivers and transportation capacity.
- FY2024-Q3RestatedAnnual report
「In terms of profit and loss, segment profit exceeded the results for the same period of the previous year because sales in the market division remained firm and efforts were made to improve the gross margin, while increases in personnel expenses and other costs were absorbed by decreases in export costs and other expenses.」
The decrease in export costs and other expenses continues to be cited as a factor contributing to the improvement in segment profit. However, it does not state that the global container shortage or elevated ocean freight rates themselves have been resolved. - FY2024-Q2MitigatedAnnual report
「However, segment profit exceeded the results for the same period of the previous year due to a decrease in selling expenses, including freight charges, in the export division.」
Selling expenses, including freight charges, in the export division decreased, contributing to the year-on-year increase in segment profit. It does not state that the global container shortage or elevated ocean freight rates themselves have been resolved. - FY2022RestatedAnnual report
「Although the Company worked to reduce fixed costs to secure operating income, the significant impact of higher ocean freight rates on export transactions meant that it was unable to offset the decline in gross profit.」
It states that, despite efforts to reduce fixed costs, higher ocean freight rates for export transactions pushed down profit and could not be offset by the reduction in profit. - FY2022RestatedAnnual report
「Imported fish prices, including those for the main species salmon and trout, crab, octopus and surimi, have remained elevated, due to the weaker yen, lower operating rates at overseas processing plants and higher ocean freight rates.」
The weaker yen, lower operating rates at overseas processing plants and higher ocean freight rates have continued to result in elevated prices for imported fish. - FY2022-Q3MaterialisedAnnual report
「In terms of earnings, soaring ocean freight rates related to export transactions and other factors pushed down profit, resulting in segment profit of ¥23 million, down ¥5 million year on year.」
The continued surge in ocean freight rates against the backdrop of the global container shortage and other factors has had an actual impact in pushing down profit from export transactions. - FY2022-Q2MaterialisedAnnual report
「In terms of earnings, the surge in ocean freight rates caused by the global container shortage also pushed down profit.」
The global container shortage and surge in ocean freight rates, first disclosed in the previous quarter, continued in the current quarter and had an actual impact in pushing down profit. - FY2022-Q1First statedAnnual report
「In terms of earnings, the surge in ocean freight rates caused by the global container shortage pushed down profit.」
The global container shortage and surge in ocean freight rates are disclosed for the first time as actual factors that pushed down profit in the current quarter.