Impact of slower ocean transportation demand and lower freight rates on the import and export-related business
First written in FY2024-Q1. 4 of 5 entries say "Materialised", first in FY2024-Q2. Latest entry: FY2026.
Japan Logistic Systems Corp. moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Other businesses Although earnings increased in the contract on-site operations and staffing businesses, revenue and profit declined because the number of international cargo shipments handled in the import and export-related business decreased, and the merchandise sales business contracted compared with the previous fiscal year, when it had benefited from large spot transactions.」
The decline in the number of international cargo shipments handled actually emerged as a factor behind lower revenue and profit in Other businesses, while sluggishness in the import and export-related business following slower ocean transportation demand and lower freight rates continued. - FY2025MaterialisedAnnual report
「Overseas, in light of sluggish handling of import- and export-related cargo following the slowdown in the Chinese economy and other factors, the Group worked to capture domestic demand in each market where it operates and expand its business.」
Import and export-related cargo at overseas group companies remained sluggish, and the impact of the external environment on the import and export-related business continued to materialize. - FY2024-Q3MaterialisedAnnual report
「Revenue and profit declined as handling volumes in the import/export business decreased due to slower demand for ocean transportation and lower freight rates, while the company had secured a large export contract in the same period of the previous year. As a result, operating revenue was ¥4,971 million, down 3.5% year on year, and segment profit was ¥759 million, down 6.2%.」
Slower ocean transportation demand and lower freight rates actually affected volumes handled and profit, causing operating revenue in the import and export-related business to decline 3.5% and segment profit to decline 6.2%. - FY2024-Q2MaterialisedAnnual report
「Revenue and profit declined in the import/export-related business as handling volumes fell amid slowing demand for ocean freight and lower freight rates, while the previous year had included the acquisition of a large export contract.」
Slower ocean transportation demand and lower freight rates actually affected volumes handled and profit, causing operating revenue and segment profit in Other businesses to fall below the same period of the previous year. - FY2024-Q1First statedAnnual report
「Revenue and profit declined as handling volumes in the import/export-related business fell amid slowing demand for ocean freight and lower freight rates, while the previous year had included the acquisition of a large export contract. As a result, operating revenue was ¥1,686 million, down 1.0% year on year, and segment profit was ¥265 million, down 14.1%.」
Slower ocean transportation demand and lower freight rates actually affected volumes handled and profit in the import and export-related business, causing operating revenue and segment profit to fall below the same period of the previous year.