Rising Logistics Costs
First written in FY2018-Q3. 7 of 15 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026.
Retail Partners 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.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, operating expenses continued to rise due to increased procurement costs resulting from soaring product and raw-material prices, higher labor costs associated with wage increases, and higher store operating costs such as payment processing fees and electricity costs.」
Higher costs such as procurement, labor, payment processing fees and electricity costs continue to be identified as factors contributing to the increase in operating expenses. - FY2025WorsenedAnnual report
「The logistics environment surrounding our group has been affected by rising fuel and labor costs, driver shortages and tighter labor regulations relating to logistics, the so-called “2024 problem,” and logistics costs have been trending higher each year.」
In addition to higher logistics costs, driver shortages and tighter labor regulations resulting from the 2024 problem are explicitly identified, specifying the factors behind the rise in logistics costs. - FY2025-H1RestatedAnnual report
「Although procurement costs increased due to soaring product and raw-material prices and logistics costs also increased, the rise in electricity costs was kept under control through measures including reductions in consumption.」
The company describes increases in procurement and logistics costs, while explaining that reductions in electricity consumption kept the rise in electricity costs under control. - FY2025-Q1WorsenedAnnual report
「Meanwhile, operating expenses have been trending higher due to increases in payment processing fees accompanying the rising usage rate of cashless payments, logistics costs, and labor costs associated with wage increases. We are working to contain operating expenses by improving productivity and implementing cost-reduction measures.」
Rising costs such as logistics and labor costs are described as contributing to the upward trend in operating expenses, while the additional increase in payment processing fees further specifies the cost burden. - FY2024-Q3RestatedAnnual report
「In the food retail industry, concerns include declining demand for food consumed at home as the restaurant and services industries recover, sluggish consumer sentiment amid soaring prices, higher raw-material and procurement prices, and increased operating costs such as labor, utilities and logistics costs, resulting in an increasingly difficult operating environment.」
The increase in operating costs, including logistics costs, continues to be identified, together with declining demand for food consumed at home and sluggish consumer sentiment, as a factor in the increasingly difficult food retail environment. - FY2024-Q2RestatedAnnual report
「In the food retail industry, concerns include declining demand for food consumed at home as the restaurant and services industries recover, sluggish consumer sentiment amid soaring prices, higher raw-material and procurement prices, and increased operating costs such as labor, utilities and logistics costs, resulting in an increasingly difficult operating environment.」
Declining demand for food consumed at home, sluggish consumer sentiment, and higher raw-material and procurement prices, labor, utilities and logistics costs continue to be identified as factors contributing to an increasingly difficult business environment. - FY2024-Q1WorsenedAnnual report
「In the food retail industry, concerns include declining demand for food consumed at home as the restaurant and services industries recover, sluggish consumer sentiment amid soaring prices, higher raw-material and procurement prices, and increased operating costs such as labor, utilities and logistics costs, resulting in an increasingly difficult operating environment.」
In addition to higher logistics costs, increases in utilities and labor costs and higher raw-material and procurement prices are explicitly identified as increases in operating costs, and the operating environment is described as increasingly difficult. - FY2023RestatedAnnual report
「Continued pressure on earnings is a concern due to higher procurement prices for products and increases in logistics and electricity costs.」
The company continues to be concerned about higher procurement, logistics and electricity costs, and pressure on earnings, against a backdrop including the weaker yen and geopolitical risks. - FY2023-Q1WorsenedAnnual report
「In the retail industry, consumers have become increasingly focused on protecting their household finances as inflation caused by rising prices and declining real wages persist. Costs have also continued to rise due to soaring raw-material and procurement prices and higher electricity rates, resulting in an increasingly difficult operating environment.」
The increase in costs resulting from soaring raw-material and procurement prices and higher electricity rates is described as an increasingly difficult operating environment linked to rising prices and declining real wages. - FY2022WorsenedAnnual report
「In addition to the spread of COVID-19, the impact on the domestic economy of unstable social conditions, including the trend toward a weaker yen and heightened geopolitical risks, has extended to the business activities of our group. Continued pressure on earnings is a concern due to higher procurement prices for products and increases in logistics and electricity costs.」
The rise in the yen-denominated cost of procurement, logistics and electricity, and the resulting pressure on earnings, is specified as being linked to the weaker yen and geopolitical risks. - FY2020-Q2RestatedAnnual report
「In the retail industry, the business environment remains challenging owing to unseasonable weather, increases in raw material prices, labor costs and logistics costs, as well as the effects of the consumption tax rate increase in October 2019.」
The rise in logistics costs is again identified as a factor in the difficult operating environment, alongside increases in labor costs and raw-material prices and the consumption tax rate increase. - FY2020-Q1WorsenedAnnual report
「In the retail industry, the business environment remains challenging owing to increases in raw material prices, labor costs and logistics costs, as well as the effects of the consumption tax rate increase scheduled for October.」
The rise in logistics costs, whose explicit mention had weakened once in the previous fiscal year, is again explicitly identified as a factor, alongside raw-material prices and labor costs, contributing to the deterioration of the operating environment. - FY2019SoftenedAnnual report
「In the retail industry, consumption has remained sluggish as real income has stagnated and consumers have maintained a strong preference for saving. In addition, competition across business formats has intensified, while labor costs have increased as companies respond to labor shortages across society and work-style reforms, resulting in a difficult operating environment.」
Although the difficult business environment continues to be described, the rise in logistics costs, which had been explicitly stated previously, is not explicitly mentioned in the current year's discussion of the operating environment. Logistics reform itself, however, remains in the medium-term management plan. - FY2019-Q2WorsenedAnnual report
「Costs, including labor and logistics costs, have increased in response to labor shortages across society and the need to address work-style reforms, and the difficult operating environment is continuing.」
The rise in logistics costs is described not merely as an industry concern, but as an actual increase in costs associated with addressing labor shortages and work-style reforms. - FY2018-Q3First statedAnnual report
「The retail industry faces a challenging business environment owing to weaker consumption caused by adverse weather, in addition to consumers' preference for saving and growing concerns about protecting household finances, as well as intensifying sales competition across business formats, rising labor costs due to labor shortages and higher logistics costs.」
The rise in logistics costs is newly identified as a factor contributing to the difficult operating environment in the retail industry.