Profitability Pressure from Surging Logistics Costs
First written in FY2019-Q1. 9 of 20 entries say "Materialised", first in FY2019-Q2. Latest entry: 2026-07-30.
Toli moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-07-30MitigatedEarnings presentation
「Lower logistics costs」
Lower logistics costs are cited as a factor behind changes in operating profit, indicating that the earnings pressure from higher logistics costs eased during the quarter. - FY2026MaterialisedAnnual report
「Freight and packing expenses ¥6,727 million ¥7,917 million」
Freight and packing expenses increased from ¥6,727 million in the previous fiscal year to ¥7,917 million, making the increase in logistics costs evident in the full-year results. - FY2026-H1MaterialisedAnnual report
「Freight and packing expenses ¥3,081 million ¥3,836 million」
Freight and packing expenses increased from ¥3,081 million in the same period of the previous year to ¥3,836 million, making the increase in logistics costs evident in the interim results. - FY2025MaterialisedAnnual report
「Freight and packing expenses ¥5,994 million ¥6,727 million」
Freight and packing expenses increased from ¥5,994 million in the previous fiscal year to ¥6,727 million, reflecting higher logistics costs in the full-year results. - FY2025-H1MaterialisedAnnual report
「Freight and packing expenses ¥2,826 million ¥3,081 million」
Freight and packing expenses increased from ¥2,826 million in the same period of the previous year to ¥3,081 million, reflecting an actual increase in logistics-related costs. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of earnings pressure from soaring logistics costs. - FY2023-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new occurrences or material changes in the risk of earnings pressure from soaring logistics costs. - FY2022WorsenedAnnual report
「From May 2022, the Group again revised selling prices and will work to improve profitability.」
Supply concerns and cost pressures caused by supply-chain disruptions, including higher logistics costs, persisted. As the earnings environment became more challenging, additional price revisions became necessary. - FY2022-Q3WorsenedAnnual report
「In addition, the operating environment has become increasingly challenging due to soaring prices for various raw materials resulting from higher crude oil and naphtha prices, as well as concerns over supply caused by disruptions to global supply chains.」
Disruptions in the supply chain, including logistics and supply, have added supply concerns, and external factors surrounding the earnings environment have become more challenging. - FY2022-Q1RestatedAnnual report
「The business environment became extremely challenging on the earnings front due to surging prices for major raw materials amid higher crude oil and naphtha prices, as well as higher logistics costs resulting from labor shortages and other factors.」
Higher logistics costs resulting from labor shortages, together with soaring prices for key raw materials, have affected the earnings environment. No new factors were specified. - FY2021WorsenedAnnual report
「In the construction industry, which is closely related to the Group’s businesses, construction starts have remained sluggish. In addition, we recognize that the earnings environment is expected to remain increasingly challenging due to higher logistics costs resulting from labor shortages and soaring prices for key raw materials.」
Amid continued increases in logistics costs, sluggish construction starts and soaring prices for key raw materials have also contributed, and it states that the earnings environment is expected to become even more challenging. - FY2021-Q3RestatedAnnual report
「In the construction industry, which is closely related to the Group's businesses, new construction starts continued to decline in both the residential and non-residential sectors, and demand for interior finishing materials was generally weak. In addition, rising logistics costs due to labor shortages and other factors affected the Group, resulting in a persistently difficult earnings environment.」
Higher logistics costs resulting from labor shortages continued to affect the earnings environment. - FY2021-Q2RestatedAnnual report
「In addition, higher logistics costs resulting from labor shortages and other factors affected the business environment, which remained challenging.」
Higher logistics costs resulting from labor shortages continued to affect the earnings environment, but no new factors were specified. - FY2021-Q1WorsenedAnnual report
「Although crude oil prices, which affect raw material prices, were weak, the earnings environment remained challenging due to higher logistics costs resulting from labor shortages, lower plant operating rates and other factors.」
In addition to continued increases in logistics costs, lower factory operating rates caused by infectious diseases have added to the pressure on profitability, broadening the factors weighing on the earnings environment. - FY2020MaterialisedAnnual report
「Meanwhile, the business environment remained challenging due to delays in construction schedules caused by labor shortages and higher logistics costs.」
Higher logistics costs resulting from labor shortages continued to affect the business environment. Freight and packing expenses in selling, general and administrative expenses were ¥5,998 million. - FY2019-Q3MaterialisedAnnual report
「In the construction industry, which is closely related to the Group's businesses, current new housing starts continued to trend downward, and total demand for interior finishing materials lacked strength. In addition, rising prices of major raw materials and logistics costs affected the Group, resulting in a persistently difficult operating environment.」
Higher logistics costs, together with rising raw material prices, actually affected the business environment, and the difficult environment has continued. - FY2019-Q2MaterialisedAnnual report
「The operating environment remained challenging as higher crude oil and naphtha prices pushed up the prices of major raw materials, while logistics costs rose due to labor shortages.」
It states that higher logistics costs resulting from labor shortages actually occurred and affected the business environment. - FY2019-Q1First statedAnnual report
「On the profit side, segment profit was ¥244 million, down 63.9% year on year, due to higher prices for major raw materials and surging logistics costs, among other factors.」
Higher logistics costs were identified for the first time as a factor weighing on profit alongside higher prices for key raw materials, and their impact was reflected in the decline in segment profit in the Products business.