Risks from Relocation-Related Costs and Changes in Distribution and Logistics
First written in FY2016. 6 of 15 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「The increase in costs related to the latest facilities at Toyosu Market, along with various factors surrounding wholesale markets, could affect the Company's business performance.」
Continues to identify higher costs related to the latest facilities at Toyosu Market as a factor affecting business performance. - FY2024RestatedAnnual report
「The increase in costs related to the latest facilities at Toyosu Market, along with various factors surrounding wholesale markets, could affect the Company's business performance.」
Continues to identify higher costs related to the latest facilities at Toyosu Market as a factor affecting business performance. - FY2022MaterialisedAnnual report
「The increase in costs related to the latest facilities at Toyosu Market, as well as the fundamental revision of the Wholesale Market Act, among various factors surrounding wholesale markets, could affect the Company's business performance.」
The increase in costs related to the latest facilities at Toyosu Market continues to be identified as an actual factor affecting business performance. - FY2020-Q2MaterialisedAnnual report
「In terms of earnings, there was also a decline in gross profit resulting from lower sales in the seafood wholesaling business and an increase in costs due to the latest facilities at Toyosu Market,」
The increase in costs due to the latest facilities at Toyosu Market is specifically recorded as a factor affecting earnings for the current quarter. - FY2019MaterialisedAnnual report
「The Group's net sales declined to ¥76,808 million, compared with net sales of ¥78,801 million in the same period of the previous year, due to lower transaction volumes of frozen seafood. In terms of earnings, in addition to the impact of the decline in sales described above, the recording of relocation costs and increases in the allowance for doubtful accounts and other factors resulted in an operating loss of ¥120 million, compared with an operating loss of ¥235 million in the same period of the previous year, while ordinary loss was ¥40 million.」
Costs related to the market relocation were recorded as factors contributing to the full-year operating loss and ordinary loss, confirming the impact of relocation-related risks on earnings for the year as a whole. - FY2019-Q3MaterialisedAnnual report
「In terms of earnings, the wholesale business's improved profit margin and the newly established cold storage facility contributed to profit, but this was not enough to recover the loss recorded in the cumulative second quarter, covering April to September 2018. In addition, the recording of relocation costs and other factors resulted in an operating loss of ¥142 million.」
Costs related to the move to Toyosu Market continued to be recorded as an actual factor contributing to the operating loss for the cumulative third quarter. - FY2019-Q2MaterialisedAnnual report
「Higher logistics costs, the closure of the Tsukiji cold storage facility, the transfer of goods held on consignment to the Toyosu cold storage facility, and other relocation-related costs increased. In addition, increases in the allowance for doubtful accounts and other factors resulted in an operating loss of ¥271 million.」
States that the closure of the Tsukiji cold storage facility, the transfer of goods held on consignment, and higher relocation-related costs resulting from the market move affected actual earnings. - FY2019-Q1RestatedAnnual report
「Compensation for relocation postponement: ¥77 million; loss from relocation postponement: ¥54 million」
Compensation and losses related to the postponement of the move to Toyosu Market were also recorded in non-operating income and expenses for the current quarter. The Company explains that there was no material change in its business risks. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there was no occurrence of new business risks or material change in the business risks described in the annual securities report for the previous fiscal year. The Tokyo Metropolitan Government announced on 20 December 2017 that the opening date of Toyosu Market had been set for 11 October 2018, but there was also no material change in the risk of moving to Toyosu Market described in section (5).」
Explains that although setting the opening date of Toyosu Market represented progress, there had been no material change in the risk that the relocation could affect business performance. - FY2018-Q2MitigatedAnnual report
「As compensation from the Tokyo Metropolitan Government for the postponement of the move to Toyosu Market and related costs were recorded in non-operating income and expenses, ordinary profit was ¥8 million, compared with an ordinary loss of ¥121 million in the same period of the previous year.」
Compensation of ¥279 million for the relocation postponement and a loss of ¥104 million from the postponement were recorded in earnings for the cumulative period of the current quarter, with the risk mitigation from the compensation continuing to be reflected in the accounts. - FY2018-Q1MitigatedAnnual report
「As compensation from the Tokyo Metropolitan Government for the postponement of the move to Toyosu Market and related costs were recorded in non-operating income and expenses, ordinary profit was ¥119 million, compared with ordinary profit of ¥19 million in the same period of the previous year.」
Compensation of ¥203 million for the postponement and related costs of ¥52 million were recorded in non-operating income and expenses, showing that the compensation was reflected in the actual accounting treatment. - FY2017MitigatedAnnual report
「Most costs related to Toyosu, additional costs at Tsukiji, and equipment relocation costs have been compensated under the Tokyo Metropolitan Government's compensation scheme. Since the scheme is expected to continue until the relocation, the postponement itself is expected to have only a minor impact on the Group's business performance.」
The explanation has progressed to state that most costs arising from the postponement are covered by the Tokyo Metropolitan Government's compensation scheme and that the postponement itself has only a minor impact on business performance. However, revenue from new businesses is not covered, leaving the risk that the growth strategy may be suspended. - FY2017-Q3MitigatedAnnual report
「At the end of August 2016, the Tokyo Metropolitan Government announced that it would postpone the move to the new Toyosu Market, which had been scheduled for 7 November that year, and the implementation date has still not been determined. The uncertainty over the relocation date could affect the Group's business performance. The costs related to the new Toyosu Market and those arising from the postponement are expected to be compensated by the Tokyo Metropolitan Government.」
The possibility that the undetermined relocation date could affect business performance remains, but the filing adds that costs related to the new Toyosu Market and costs arising from the postponement are expected to be compensated by the Tokyo Metropolitan Government. - FY2017-Q2MaterialisedAnnual report
「At the end of August 2016, the Tokyo Metropolitan Government announced that it would postpone the move to the new Toyosu Market, which had been scheduled for 7 November that year, and the implementation date has still not been determined. This could affect the Group's business performance.」
The previously anticipated postponement of the move to Toyosu Market was formally announced, making the relocation risk tangible in the form of an undetermined implementation date. - FY2016First statedAnnual report
「The Company needs to establish systems to record relocation-related costs and respond to changes in distribution channels and logistics after the move. It is currently implementing relocation-related measures, but these could affect the Group's business performance.」
Identifies changes in logistics and distribution channels resulting from the relocation, related costs, and the establishment of response systems as risks that could affect business performance.