Intensifying competition in the refrigerated warehousing business due to the operation of large refrigerated warehouses by other companies
First written in FY2019-Q2. 1 of 3 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2019.
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- FY2019WorsenedAnnual report
「Due to intensifying competition resulting from the operation of large refrigerated warehouses by other companies, segment profit amounted to ¥208 million, down 50.5% from the previous consolidated fiscal year.」
Competition from large refrigerated warehouses operated by other companies continued throughout the fiscal year, and segment profit in the refrigerated warehousing business decreased by 50.5%. - FY2019-Q3RestatedAnnual report
「Intensifying competition in the refrigerated warehousing industry reduced storage-fee and cargo-handling revenue. As a result, revenue was ¥3,840 million, down 3.1% year on year, and operating profit was ¥178 million, down 60.6%.」
Intensifying competition in the refrigerated warehousing industry continued, as reconfirmed by declines in storage and cargo-handling fee revenue and a significant decrease in operating income. - FY2019-Q2MaterialisedAnnual report
「In the refrigerated warehousing business, intensified competition following the start-up of a large refrigerated warehouse operated by another company reduced inventory and receipts and shipments. Revenue was ¥2,450 million, down 7.0% year on year, and operating profit was ¥129 million, down 60.6%.」
The operation of large refrigerated warehouses by other companies and the resulting intensification of competition were described specifically for the first time, and materialized as lower revenue and profit in the refrigerated warehousing business through declines in inventory volumes and inbound and outbound cargo volumes.