Impact of COVID-19 on cargo flows and business performance
First written in FY2020. 4 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
Japan Logistic Systems Corp. moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
6 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the six months ended the second quarter of the current fiscal year, Japan’s economy remained on a gradual recovery trend as social and economic activity, which had been constrained by the pandemic, continued to normalize.」
The normalization of social and economic activity that had been constrained by the pandemic was noted, indicating that the impact of the pandemic on cargo flows and business performance is trending lower than before. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, Japan’s economy remained on a gradual recovery trend as social and economic activity normalized, partly because COVID-19 was reclassified as a disease equivalent to Category 5 under the Infectious Diseases Control Law.」
The reclassification of COVID-19 as equivalent to Category 5 and the normalization of social and economic activity were noted, indicating that the impact of the pandemic on cargo flows and business performance is trending lower than before. - FY2023Improving overseas operating environments alongside residual risksAnnual report
「Although some overseas regions experienced delays in the recovery of demand and the effects of lockdowns, we worked to reinforce existing operations as operating environments generally improved.」
Although lockdowns and delays in the recovery of demand persisted in some regions, the group shifted toward reinforcing existing operations overseas as operating environments improved overall. - FY2023-Q3RestatedAnnual report
「Although some overseas regions continued to experience the effects of lockdowns and delays in the recovery of demand, operating environments were generally improving, and we worked to reinforce existing operations based on conditions in each region.」
Although some regions continued to experience the effects of lockdowns and delays in the recovery of demand, overseas operating environments were generally improving, and the group has been working to reinforce existing operations. - FY2023-Q2RestatedAnnual report
「Overseas, although some regions continued to be affected by lockdowns and delayed recovery in demand, economic activity was generally returning to normal. In light of the improving business environment, we promoted sales activities aimed at capturing new demand while working to further strengthen existing operations.」
It was stated that overseas economic activity was generally moving toward normalization, while some regions continued to be affected by lockdowns and delays in the recovery of demand, indicating that improvements and residual risks coexist. - FY2023-Q1Improving overseas operating environments alongside continuing pandemic and supply chain concernsAnnual report
「Overseas, although the business environment improved with the resumption of economic activity, conditions remained challenging as concerns about the pandemic and supply chain disruptions persisted in some regions. We promoted sales activities while responding to these conditions and worked to strengthen cooperation with customers.」
While operating environments overseas have improved as economic activity has resumed, concerns about the pandemic and supply chain disruptions have continued in some regions, leaving conditions challenging in some areas. - FY2022-Q3WorsenedAnnual report
「Overseas, we pursued sales activities in a challenging operating environment in Vietnam, where the pandemic spread rapidly and strict regulatory measures were implemented, forcing us to respond to the suspension of operations at customer companies and other developments.」
The rapid spread of the pandemic in Vietnam and the resulting need to respond to strict regulatory measures and suspended operations at customer companies had a more tangible impact on overseas businesses. - FY2022-Q2MaterialisedAnnual report
「Overseas, we continued business activities while responding to the regulatory measures in each market where we operate, amid a challenging operating environment due to the resurgence of the pandemic.」
Overseas businesses have continued to face a challenging operating environment due to the resurgence of the pandemic and regulatory measures in each market where the group operates. - FY2022-Q1MaterialisedAnnual report
「Overseas, while responding to stagnating international logistics caused by the resurgence of the pandemic and the global container shortage, we promoted sales activities in each operating region, including by working to stabilize operations at locations opened in Vietnam and Thailand during the previous fiscal year.」
International logistics have stagnated due to the resurgence of the pandemic and the global container shortage, with the impact of pandemic-related risks becoming evident in the operation of overseas businesses. - FY2021-Q3RestatedAnnual report
「Overseas, while international logistics, including cross-border transportation, and import and export operations were stagnating because of the impact of the pandemic, we worked to strengthen our sales structure by expanding our locations in Vietnam and Thailand and promoted sales activities in each country.」
International logistics and import/export operations have remained sluggish due to the pandemic, with the impact on overseas businesses becoming evident in actual operations. Meanwhile, the group has been expanding its bases in Vietnam and Thailand and strengthening its sales organization. - FY2021-Q2MaterialisedAnnual report
「As a result of these initiatives, operating revenue increased despite stagnation in overseas businesses due to the pandemic and reduced cargo flows for interior goods, apparel and other products, supported by increased handling volumes related to e-commerce and the expansion of the asset business following the launch of operations for new customers.」
Stagnation in overseas businesses due to the pandemic and reduced cargo flows for interior goods, apparel and other products had an actual impact on operating revenue for the six months ended the second quarter. Overall revenue nevertheless increased due to higher handling volumes related to e-commerce and expansion of the asset business. - FY2021-Q1MaterialisedAnnual report
「As a result of these initiatives, operating revenue increased despite sluggish cargo flows for interior goods, apparel and other products due to the pandemic, supported by increased handling volumes related to e-commerce and the expansion of the asset business following the launch of operations for new customers.」
The pandemic’s impact on operating revenue was reflected in sluggish cargo flows for interior goods, apparel and other products. Overall revenue nevertheless increased due to the expansion of e-commerce-related operations and the asset business. - FY2020First statedAnnual report
「Regarding COVID-19, we have continued business activities as a logistics operator in order to fulfill our responsibilities, implementing thorough measures to contain the pandemic while giving full consideration to employee safety. However, if the prolonged contraction of customers’ production and sales activities causes cargo flows to stagnate and handling volumes to decline in Japan and overseas, this could affect our group’s operating results and financial position.」
The company stated that it was continuing business activities while implementing measures to contain the pandemic and that the impact on performance for the fiscal year was limited, while newly identifying declines in handling volumes and their impact on performance from the following fiscal year onward as risks.