Pressure on management from higher raw-material, fuel, labor and logistics costs
First written in FY2022. 10 of 15 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2027-H1.
Zett moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 80 of 122 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Meanwhile, in the manufacturing segment, manufacturing costs have remained high and conditions have continued to be challenging due to persistently high raw-material prices and the continued depreciation of the yen against the US dollar.」
The company continues to describe persistently high manufacturing costs due to surging raw-material prices and the weaker yen against the US dollar, as well as challenging business conditions in the manufacturing segment. - 2026-08-07WorsenedResults
「Meanwhile, in the manufacturing segment, manufacturing costs have remained high and conditions have continued to be challenging due to persistently high raw-material prices and the continued depreciation of the yen against the US dollar.」
原材料価格及び為替による製造原価の高止まりが継続し、コスト上昇要因が引き続き経営環境を圧迫している。 - FY2026WorsenedAnnual report
「Manufacturing costs have remained elevated and challenging conditions have continued due to sustained high raw material prices and the continued depreciation of the yen against the US dollar.」
Higher raw-material prices and the weaker yen continued to push up manufacturing costs, and this was reflected in the actual results as challenging conditions in the manufacturing segment. - 2026-05-14WorsenedRevisions to earnings forecasts
「今後の見通しにつきましては、国際情勢の動向に起因する市況変動や原材料価格の高騰、為替相場の変動に加え、人件費及び物流コストの上昇等の複合的な要因により、先行きの不透明感が一層強まるものと認識しております。」
原材料、為替、人件費及び物流コストの上昇が複合的な経営圧迫要因として引き続き示された。 - FY2026-H1WorsenedAnnual report
「As a result, net sales for the current interim consolidated fiscal period were ¥29,146 million, up 7.0% year on year. In terms of earnings, operating income was ¥516 million, down 11.2% year on year, ordinary income was ¥627 million, down 11.2% year on year, and interim net income attributable to owners of the parent was ¥384 million, down 17.6% year on year, due to the effects of provision for doubtful accounts in the wholesale division, higher logistics costs, building repairs, and other factors.」
Higher logistics costs emerged in actual results as a factor contributing to lower operating profit and other declines, together with the provision for doubtful accounts and building repairs. - FY2025WorsenedAnnual report
「There are many uncertain factors, including rising prices, labor costs and logistics costs in Japan, and the impact of foreign exchange rates, all of which could put pressure on management」
Higher prices, labor costs and logistics costs, together with the impact of foreign exchange rates, were identified as continuing factors putting pressure on management. - FY2025-H1RestatedAnnual report
「The operating environment for the Manufacturing segment remained uncertain due to higher manufacturing costs resulting from rising raw material prices and the impact of the US dollar-yen exchange rate.」
Manufacturing costs continue to rise, driven by raw-material prices and foreign exchange rates, creating uncertainty in the business environment for the manufacturing segment. - FY2024WorsenedAnnual report
「However, the Manufacturing segment remained in a difficult environment due to soaring raw material prices, the yen's continued depreciation and other factors, and profit declined as a result of higher manufacturing costs and increased expenses for sales promotion activities.」
Higher raw-material prices, the weaker yen and higher sales-promotion expenses led to a higher manufacturing cost ratio and lower profit, with cost pressures reflected in full-year results. - FY2024-Q3WorsenedAnnual report
「Operating income declined as manufacturing costs rose in the Manufacturing segment due to higher raw material prices, the yen's further depreciation against the US dollar and other factors, while SG&A expenses also increased following the relocation of logistics facilities in Kansai and other factors, in addition to the decline in the gross profit margin.」
Higher raw-material prices, the weaker yen and the relocation of logistics facilities resulted in higher costs, which emerged as a lower gross profit margin and lower operating profit. - FY2024-Q2WorsenedAnnual report
「Operating income increased slightly as higher revenue more than offset the decline in the gross profit margin and the increase in SG&A expenses resulting from the relocation of logistics facilities in Kansai and other factors. Manufacturing costs rose in the Manufacturing segment due to higher raw material prices, the yen's further depreciation against the US dollar and other factors.」
Higher manufacturing costs due to rising raw-material prices and the weaker yen, a lower gross profit margin, and higher selling, general and administrative expenses associated with relocating logistics facilities are affecting the actual profit structure. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of persistently high raw material and energy prices and an unstable US dollar/Japanese yen exchange rate.」
Persistently high raw-material and energy prices and unstable foreign exchange rates continue to be identified as sources of uncertainty in the business environment. - FY2023-Q3WorsenedAnnual report
「Although the yen’s depreciation against the US dollar has abated, manufacturing costs continued to rise due to higher purchase prices from suppliers and higher raw-material prices in the manufacturing segment. The inability to pass these increases through to selling prices resulted in a decline in the gross profit margin.」
Although the yen’s depreciation has leveled off, manufacturing costs continued to rise due to higher purchase and raw-material prices, while insufficient pass-through to selling prices continued, resulting in a decline in the gross profit margin. quantified is false, and materialized is true. - FY2023-Q2WorsenedAnnual report
「Operating profit declined substantially as manufacturing costs in the manufacturing division increased due to higher raw material prices and the depreciation of the yen against the US dollar, while the increase could not be passed on sufficiently to selling prices, but」
In addition to higher raw-material prices and manufacturing costs due to the weaker yen, the filing identifies the inability to pass these increases through to selling prices as a factor behind the substantial decline in profit. The impact of higher raw-material and procurement costs continues. - FY2023-Q1MaterialisedAnnual report
「However, due in part to higher purchase prices, selling expenses and general and administrative expenses, the business environment for the wholesale segment has been uncertain since the second quarter of the fiscal year. … In addition, due in part to higher manufacturing costs, selling expenses and general and administrative expenses, the business environment for the manufacturing segment has remained challenging.」
The company states that higher purchase prices, manufacturing costs, selling expenses and general and administrative expenses have had an actual impact on the business environment in the wholesale and manufacturing segments. - FY2022First statedAnnual report
「New factors putting pressure on management have emerged, including higher procurement costs due to surging raw-material prices, as well as higher fuel and labor costs and higher domestic and overseas logistics costs resulting from tight supply and demand,」
The company explicitly identified higher raw-material, fuel, labor and domestic and overseas logistics costs as newly emerged factors putting pressure on management.