Rising Logistics Costs
First written in FY2019-Q3. 1 of 4 entries say "Worsened", first in FY2019. Latest entry: FY2020.
The whole theme swung hardest in 2026: 13 of 22 companies on the "Worse" side.
3 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「Regarding the operating environment of our group, Tsutaya Bookstore Higashimatsuyama, operated by the company, suffered extensive damage from Typhoon No. 19, which struck in October 2019, and remained closed.」
The risk of rising logistics costs reported through the previous period is not directly mentioned in the current fiscal year's discussion of the operating environment and risks. - FY2020-Q1RestatedAnnual report
「The business environment surrounding the group also remains challenging due to the impact of consumption tax increases on consumer sentiment, unfavorable weather and repeated natural disasters, intensifying sales competition across industry boundaries, and soaring labor and logistics costs.」
The company continues to cite surging logistics expenses, together with the consumption tax increase, natural disasters, intensifying competition and rising labor costs, as factors contributing to a challenging business environment. - FY2019WorsenedAnnual report
「In the retail industry, the e-commerce market continues to expand and store-opening and sales competition across retail-format boundaries is intensifying, while passing on higher labor and logistics costs through price increases is weighing on consumer sentiment, and the challenging operating environment continues.」
The company explicitly stated that continued increases in logistics costs could weigh on consumer sentiment through the pass-through of higher prices. - FY2019-Q3First statedAnnual report
「In addition to rising labor and logistics costs, aggressive store openings and sales competition across retail-format boundaries have emerged to address increasingly diverse consumer lifestyles, making the operating environment in the retail industry increasingly challenging.」
The company identified rising logistics costs for the first time as a factor making the operating environment for the retail industry more challenging.