Concentration of Stores and Logistics Facilities and Overseas Procurement Risk
First written in FY2016. 8 of 16 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
Tabaya Holdings moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 20 of 31 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「China and the ASEAN region also play important roles as production bases for products provided by the Group. If political or economic instability, conflicts or other events arise in the relevant countries or regions, the Group’s performance may be affected by disruptions to employee safety, store operations, and the sourcing of raw materials and products.」
Against a backdrop of expanding overseas operations and greater dependence on production bases, country risks including political and economic conditions, conflicts, energy prices and transportation costs were identified. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the Japanese economy was recovering moderately against a backdrop of improvements in employment and income conditions, among other factors. However, uncertainty about the outlook continues, with concerns over the impact of U.S. policy developments and international conditions on the global economy.」
The impact of U.S. policy developments and international conditions on the global economy, together with continued uncertainty about the outlook, continues to be disclosed. No material changes have been identified in business and other risks. - FY2025MitigatedAnnual report
「In addition, we are strengthening cooperation with our outsourcing partners to secure appropriate sourcing and logistics, and holding discussions to identify and resolve matters of concern. At the same time, we are promoting the digitalization of product sourcing and seeking to improve the efficiency of product distribution by making the status of orders, deliveries and inventory visible.」
To address logistics and overseas sourcing risks, the Group is strengthening discussions with outsourcing partners, digitalizing product sourcing and improving visibility from ordering through inventory. - FY2024WorsenedAnnual report
「In Japan, the so-called “2024 logistics problem” is expected to constrain the supply of truck drivers and reduce the volume of goods that can be transported relative to logistics demand.」
Logistics risk was classified as a “particularly material risk” over the short term (within 3 years), and the 2024 logistics problem, the potential decline in transport capacity, longer lead times and higher transport costs were newly identified. - FY2024-Q3RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues, with prices rising as a result of soaring raw material prices and the weaker yen.」
Uncertainty related to sourcing and costs arising from soaring raw material prices, the weaker yen and rising prices continues to be disclosed. - FY2024-Q1RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues, with inflationary trends persisting due to rising raw material prices and the weakening yen, among other factors.」
Uncertainty related to sourcing and costs arising from higher raw material prices, the weaker yen and inflationary trends continues to be disclosed. - FY2023WorsenedAnnual report
「China also plays an important role as a production base for products provided by our group. Against this backdrop, concerns about cross-Strait relations are increasing, and if political turmoil, conflict or other events arise in countries where we operate in the future, they may affect the group’s strategy, supply chain and performance.」
In addition to the existing risks related to overseas sourcing, raw materials and foreign exchange, political instability in countries where the Group operates, including China-Japan relations, was identified as a separate material risk in light of the Group’s expansion into the Chinese market and China’s importance as a production base. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, social and economic activity moved toward normalization as awareness of living with COVID-19 became widespread, and the economy showed a gradual recovery. However, uncertainty about the outlook continued due to rising raw material prices and inflation resulting from yen depreciation, among other factors.」
The company continues to describe uncertainty about the outlook due to rising raw material prices, yen depreciation and inflation, despite progress toward normalizing social and economic activity. - FY2023-Q2WorsenedAnnual report
「Uncertainty about the outlook continues amid surging raw material and energy prices resulting from international conditions and ongoing yen depreciation.」
Regarding risks surrounding overseas procurement and the supply chain, the company identified surging raw material and energy prices and ongoing yen depreciation as new sources of pressure. - FY2022WorsenedAnnual report
「We are currently facing a major trend toward yen depreciation and surging prices for some raw materials. In response, we are reviewing our supply chain and promoting procurement using RCEP and other frameworks.」
In addition to overseas procurement risks, the company identified the yen’s depreciation trend and surging raw material prices as new procurement and cost factors, and also described responses involving a review of the supply chain and use of RCEP. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy showed a gradual recovery and employment conditions continued to improve steadily as a result of the government’s economic measures and monetary policy. However, uncertainty about the outlook has increased due to volatility in financial and capital markets, concerns about worsening US-China trade relations, and the issue of the UK’s withdrawal from the EU, among other factors.」
In addition to the existing US-China trade issue, the company newly identified the UK’s withdrawal from the EU as a factor contributing to uncertainty about the outlook. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy showed a gradual recovery and employment conditions continued to improve steadily as a result of the government’s economic measures and monetary policy. However, uncertainty about the outlook has increased due to volatility in financial and capital markets and concerns about worsening US-China trade relations, among other factors.」
The company described concerns about worsening US-China trade relations and uncertainty about the outlook, as in the previous quarter. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, the Japanese economy showed a gradual recovery and employment conditions continued to improve steadily as a result of the government’s economic measures and monetary policy. However, uncertainty about the outlook has increased due to volatility in financial and capital markets and concerns about worsening US-China trade relations, among other factors.」
In addition to the existing concerns about trade friction, the company explicitly identified concerns about worsening US-China trade relations and stated that uncertainty about the outlook had increased. - FY2019-Q2RestatedAnnual report
「Uncertainty about the outlook has increased due to volatility in financial and capital markets and concerns about trade friction resulting from the US administration’s protectionist trade policies, among other factors.」
The company continues to describe concerns about trade friction resulting from protectionist trade policies and uncertainty about the outlook. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, the Japanese economy showed gradual improvement in corporate earnings and employment conditions as a result of the government’s economic measures and monetary policy. However, uncertainty about the outlook has increased due to volatility in financial and capital markets and concerns about trade friction resulting from the US administration’s protectionist trade policies, among other factors.」
The company newly specified concerns about trade friction resulting from protectionist trade policies and increased uncertainty about the outlook. - FY2016First statedAnnual report
「Our product logistics bases and head office functions are concentrated in the Tokyo metropolitan area. If a major disaster, accident or other event occurs in these areas, it may disrupt the group’s business operations and affect its performance.」
The company described both the concentration of functions in the Tokyo metropolitan area and potential disruptions to product procurement caused by political conditions, economic conditions, foreign exchange movements, war, terrorism and natural disasters in overseas production countries.