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Okayamaken Freight Transportation (9063) · FactWorsenedLatest Earnings (2026-08-07): "Restated"

Pressure on Freight Transport Profits from Higher Outsourcing Costs (Vehicle Hire Fees)

First written in FY2017-Q2. 9 of 20 entries say "Restated". Latest entry: 2026-08-07.

20entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q2 – FY2019-Q1RestatedFY2020-Q2 – FY2021-Q3MitigatedFY20242016: 12017: 320172018: 120182019: 220192020: 220202021: 420212022: 120222023: 220232024: 120242025: 020252026: 32026
Same theme, other companies

Okayamaken Freight Transportation moved to the "Worse" side of this theme in 2026.

0 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-07RestatedEarnings

    「慢性的なドライバー不足に加え、燃油価格や外注費を始めとする輸送コストの上昇が続くなど、引き続き厳しい経営環境となりました。」

    燃油価格・外注費を含む輸送コスト上昇が継続している。
  2. FY2026WorsenedAnnual report

    「In the group's core freight transportation business, operating costs increased by ¥135 million from the previous consolidated fiscal year to ¥35,744 million, mainly due to higher outsourcing expenses (chartered-vehicle fees) resulting from a shortage of personnel needed to address the statutory cap on overtime work, in addition to the chronic labor shortage.」

    In addition to higher outsourcing expenses due to the conventional driver shortage, the shortage of personnel needed to address the statutory cap on overtime work is identified as having pushed up full-year operating costs by ¥135 million.
  3. 2026-05-08WorsenedRevisions to earnings forecasts

    「運輸業界におきましては、国内輸送量の減少傾向に加え、燃料・資材価格や外注費(傭車料等)の高騰、慢性的な労働力不足、さらにはドライバーの労働時間・拘束時間規制への対応など、極めて困難な局面を迎えています。」

    外注費(傭車料等)の高騰を、従来の外注費削減による緩和要因とは反対方向のコスト圧力として明示している。
  4. FY2024MitigatedAnnual report

    「The company reduced other companies' freight charges by promoting more efficient loading of its own vehicles, resulting in a decrease of ¥345 million from the previous consolidated fiscal year to ¥35,246 million.」

    Amid continuing increases in outsourcing and transportation costs, lower payments to other carriers resulting from more efficient loading of the company's own vehicles are identified as a reduction in operating costs.
  5. FY2024-Q1WorsenedAnnual report

    「Higher transportation costs, including fuel prices and outsourcing expenses, put pressure on profit, and difficult conditions continued.」

    Higher transportation costs, including outsourcing expenses, are expressly identified as a factor pressuring profits, and operating profit from freight transportation decreased 55.1% year on year.
  6. FY2023-Q3MitigatedAnnual report

    「Operating profit was ¥940 million, up 7.8% year on year, mainly due to efforts to reduce outsourcing costs and other expenses.」

    Reductions in outsourcing expenses and other miscellaneous costs are identified as factors behind the increase in operating profit from freight transportation, indicating some mitigation of the previous pressure on profits from higher outsourcing expenses.
  7. FY2022MitigatedAnnual report

    「The company promoted more efficient loading of its own vehicles and reduced chartered-vehicle fees by bringing operations in-house, among other measures, resulting in a decrease of ¥140 million from the previous consolidated fiscal year to ¥36,285 million.」

    Amid continuing increases in outsourcing expenses due to the labor shortage and other factors, reductions in chartered-vehicle fees through more efficient loading of the company's own vehicles and bringing operations in-house are reflected in lower operating costs.
  8. FY2022-Q2WorsenedAnnual report

    「In the logistics industry, total domestic freight volume is expected to increase modestly, but the industry continues to face a challenging operating environment, including higher costs associated with improving working conditions and addressing safety measures, as well as a substantial increase in expenses due to surging fuel prices.」

    In addition to the previous increases in personnel and outsourcing expenses against the backdrop of a driver shortage, higher costs and expenses resulting from improvements in the working environment, safety measures, and surging fuel prices are identified, resulting in stronger wording regarding cost pressure in the logistics industry.
  9. FY2022-Q1MitigatedAnnual report

    「The company has pursued more efficient transportation through optimizing personnel and vehicle allocation and reducing outsourcing expenses.」

    It is stated that the company is pursuing transportation efficiency, including reductions in outsourcing expenses, while outsourcing expenses have continued to rise.
  10. FY2021MitigatedAnnual report

    「The company promoted more efficient loading of its own vehicles and reduced chartered-vehicle fees, resulting in a decrease of ¥2,768 million from the previous consolidated fiscal year」

    While outsourcing expenses continue to rise against the backdrop of a driver shortage, lower chartered-vehicle fees resulting from more efficient loading of the company's own vehicles are identified as a factor reducing operating costs.
  11. FY2021-Q3RestatedAnnual report

    「As labor and outsourcing costs continue to rise, mainly due to driver shortages」

    Higher personnel and outsourcing expenses against the backdrop of a driver shortage continue to be cited as cost pressures in the freight transportation business.
  12. FY2021-Q2RestatedAnnual report

    「As labor and outsourcing costs continue to rise, mainly due to driver shortages」

    Higher personnel and outsourcing expenses against the backdrop of a driver shortage are cited as continuing cost pressures in the freight transportation business from the previous quarter.
  13. FY2020-Q3RestatedAnnual report

    「As labor and outsourcing costs continue to rise, mainly due to driver shortages」

    Higher personnel and outsourcing expenses against the backdrop of a driver shortage are cited as continuing cost pressures in the freight transportation business from the previous quarter.
  14. FY2020-Q2RestatedAnnual report

    「As labor and outsourcing costs continue to rise, mainly due to driver shortages」

    Higher personnel and outsourcing expenses against the backdrop of a driver shortage are cited as continuing cost pressures in the freight transportation business from the previous year.
  15. FY2019WorsenedAnnual report

    「In the group's core freight transportation business, operating costs increased by ¥1,184 million from the previous consolidated fiscal year to ¥39,715 million, mainly due to higher fuel costs resulting from higher crude oil prices and higher outsourcing expenses (chartered-vehicle fees) resulting from the labor shortage.」

    The increases in fuel costs and outsourcing expenses (chartered-vehicle fees) against the backdrop of the labor shortage are explained with figures, clarifying the cost pressure.
  16. FY2019-Q1RestatedAnnual report

    「Operating profit was ¥567 million, up 36.9% year on year, as efforts to reduce various expenses offset increases in outsourcing costs, including contracted truck costs.」

    Higher outsourcing expenses (chartered-vehicle fees) and other costs continue to be cited as factors pressuring profits, but operating profit increased year on year due to reductions in miscellaneous expenses.
  17. FY2018-Q2RestatedAnnual report

    「Operating profit was ¥765 million, up 2.1% year on year, as efforts to reduce various expenses offset increases in outsourcing costs, including contracted truck costs.」

    Higher outsourcing expenses (chartered-vehicle fees) and other costs continue to be cited as factors pressuring profits, but operating profit increased year on year due to reductions in miscellaneous expenses.
  18. FY2018-Q1RestatedAnnual report

    「Operating profit was ¥414 million, up 0.8% year on year, as efforts to reduce various expenses offset increases in outsourcing costs, including contracted truck costs.」

    Higher outsourcing expenses (chartered-vehicle fees) and other costs continue to be cited as factors pressuring freight transportation-related profits.
  19. FY2017-Q3RestatedAnnual report

    「Although fuel costs declined as crude oil prices fell, operating profit was ¥1,203 million, down 3.1% year on year, due mainly to higher outsourcing costs, including chartered-vehicle expenses.」

    Higher outsourcing expenses (chartered-vehicle fees) continue to be cited as a factor reducing operating profit from freight transportation, despite the benefit of lower fuel costs.
  20. FY2017-Q2First statedAnnual report

    「Although fuel costs declined as crude oil prices fell, operating profit was ¥749 million, down 12.4% year on year, due mainly to higher outsourcing costs, including chartered-vehicle expenses.」

    Higher outsourcing expenses (chartered-vehicle fees) are described for the first time in specific terms as a factor reducing operating profit from freight transportation, despite the benefit of lower fuel costs.
Moved together

"Economic stagnation caused by the global economic slowdown, yen appreciation and falling stock prices" moved the same way as this thread, in the same document, in 5 of its 20 moves.

555444★123456
  1. ★This thread
  2. 1Economic stagnation caused by the global economic slowdown, yen appreciation and falling stock prices5×
  3. 2Deteriorating performance in petroleum product sales5×
  4. 3Challenging operating environment for the transport industry due to fuel price pressures5×
  5. 4Reducing Transport Costs by Reviewing and Rationalizing Operations4×
  6. 5Declining domestic transportation volumes and demand for freight services4×
  7. 6Addressing the Driver Shortage and Long Working Hours4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Okayamaken Freight Transportation's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Earnings of 2026-08-07: "Restated".
News
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