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Kyogoku unyu shoji (9073) · RiskRestated

Sluggish growth in total transportation volume due to weak domestic demand

First written in FY2017-Q1. 16 of 25 entries say "Restated". Latest entry: FY2024.

25entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2019RestatedFY2021-Q2 – FY20242016: 220162017: 220172018: 420182019: 420192020: 420202021: 420212022: 320222023: 120232024: 12024
Same theme, other companies
Stagnant Domestic Freight Transportation Demand Due to Weak Personal ConsumptionA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

1 other company's 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. FY2024RestatedAnnual report

    「High fuel costs, a chronic shortage of drivers and stagnant cargo movements continued.」

    The company continues to recognize that challenging conditions, including stagnant cargo movements and weak freight volumes, will persist in terms of logistics demand.
  2. FY2023-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    The company states that there have been no significant changes to the previously disclosed risks, including weak domestic demand and sluggish freight volumes.
  3. FY2023-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

    The company states that there have been no significant changes to the previously disclosed risks, including weak domestic demand and sluggish freight volumes.
  4. FY2022RestatedAnnual report

    「The logistics industry continues to face a difficult operating environment, including higher fuel costs due to rising crude oil prices, a chronic driver shortage, and stagnant freight movements amid the COVID-19 pandemic.」

    The company continues to recognize the difficult conditions in domestic logistics demand, including stagnant cargo movements during the COVID-19 pandemic.
  5. FY2022-Q3Freight volumes turn slightly positive, but freight movements remain stagnantAnnual report

    「Although domestic freight volumes turned positive as the economy recovered, the increase was only slight, freight movements remained stagnant, and the logistics industry continued to face a difficult operating environment.」

    Domestic freight volumes turned from a decline to an increase, but the increase remained marginal, and stagnant cargo movements and challenging conditions continue.
  6. FY2022-Q2Signs of improvement in freight volumes, but still below pre-COVID levelsAnnual report

    「In the logistics industry, freight volumes are showing signs of improvement, but have not yet recovered to pre-COVID levels.」

    The description of domestic logistics demand changed from a substantial decline to signs of improvement, but it states that demand has not returned to pre-COVID levels.
  7. FY2022-Q1RestatedAnnual report

    「The logistics industry remains in a difficult operating environment, with domestic freight volumes declining significantly and no change in the employment situation for drivers.」

    The company reconfirms its recognition that declining domestic freight volumes and the lack of improvement in the employment situation for drivers continue.
  8. FY2021RestatedAnnual report

    「In the logistics industry, the notice titled “Regarding Standard Freight Rates for General Freight Motor Vehicle Transportation Business” was promulgated in April last year. Although there have been moves toward improving working conditions, the chronic driver shortage remains unchanged, and freight movements have stagnated amid the COVID-19 pandemic. The industry therefore remains in a difficult operating environment.」

    The company maintains its recognition that stagnant freight movement and a shortage of drivers continue to affect domestic logistics demand.
  9. FY2021-Q3Slight increase in freight volumes, stagnant freight movementAnnual report

    「Although domestic freight volumes turned positive as the economy recovered, the increase was only slight, freight movements remained stagnant, and the logistics industry continued to face a difficult operating environment.」

    Domestic freight volumes turned positive from a decline, but the increase was slight, and stagnant freight movement and difficult conditions continue.
  10. FY2021-Q2Stagnant freight movement and deteriorating business conditions in transportation and warehousingAnnual report

    「Although the sharp decline in domestic economic conditions has halted, business conditions in the transportation and warehousing industries have deteriorated due to stagnant freight movement.」

    In addition to the previous description of declining domestic freight volumes, stagnant freight movement and deteriorating business conditions in the transportation and warehousing industries were explicitly identified.
  11. FY2021-Q1WorsenedAnnual report

    「The logistics industry remains in a difficult operating environment, with domestic freight volumes declining significantly and no change in the employment situation for drivers.」

    The description of domestic freight volumes changed from “there was a recovery, although” in the previous full fiscal year to “a significant decline,” indicating increasingly difficult demand conditions.
  12. FY2020Domestic freight volumes recoveredAnnual report

    「In the logistics industry, domestic freight volumes recovered, but no change was seen in the employment situation for drivers,」

    The description changed from a decline in domestic freight volumes in the quarterly report to a recovery for the full fiscal year. Meanwhile, the company states that there was no change in the employment situation for drivers.
  13. FY2020-Q3RestatedAnnual report

    「The logistics industry remains in a difficult operating environment, with domestic freight volumes declining and no improvement in the employment situation for drivers.」

    The decline in domestic freight volumes has continued, and the company continues to describe difficult demand conditions. quantified is false, materialized is false.
  14. FY2020-Q2RestatedAnnual report

    「The logistics industry remains in a difficult operating environment, with domestic freight volumes declining and no improvement in the employment situation for drivers.」

    The decline in domestic freight volumes has continued, and the company continues to describe difficult demand conditions.
  15. FY2020-Q1WorsenedAnnual report

    「The logistics industry remains in a difficult operating environment, with domestic freight volumes declining and no improvement in the employment situation for drivers.」

    The description of domestic freight volumes changed from a recovery trend in the previous fiscal year to a decline, indicating increasingly difficult demand conditions.
  16. FY2019RestatedAnnual report

    「Although domestic freight volumes have recovered, there has been no change in the employment situation for drivers, and the logistics industry remains in a difficult operating environment as it works to improve working conditions.」

    The company states both that domestic freight volumes recovered and that there has been no improvement or change in the employment situation for drivers, and continues to recognize that conditions remain difficult.
  17. FY2019-Q3RestatedAnnual report

    「Although domestic freight volumes have recovered, there has been no improvement in the employment situation for drivers, and the logistics industry remains in a difficult operating environment.」

    The company maintains its recognition that, although domestic freight volumes recovered, difficult conditions continue because there has been no improvement in the employment situation for drivers.
  18. FY2019-Q2RestatedAnnual report

    「Although domestic freight volumes have recovered, there has been no improvement in the employment situation for drivers, and the logistics industry remains in a difficult operating environment.」

    The company maintains its recognition that, although domestic freight volumes recovered, difficult conditions continue because there has been no improvement in the employment situation for drivers.
  19. FY2019-Q1RestatedAnnual report

    「Although domestic freight volumes have recovered, there has been no improvement in the employment situation for drivers, and the logistics industry remains in a difficult operating environment.」

    The company maintains its recognition that, although domestic freight volumes recovered, difficult conditions continue because there has been no improvement in the employment situation for drivers.
  20. FY2018Freight volumes show slight recovery, but difficult conditions continueAnnual report

    「Although domestic freight volumes have recovered, there has been no improvement in the employment situation for drivers, and the logistics industry remains in a difficult operating environment.」

    The description changed to state that domestic freight volumes had recovered, but that difficult conditions continued because there had been no improvement in the employment situation for drivers.
  21. FY2018-Q3RestatedAnnual report

    「Although there were signs of recovery in some areas, domestic freight volumes overall remained sluggish and continued at low levels, while there was no improvement in the employment situation for drivers. The logistics industry therefore remains in a difficult operating environment.」

    The company continues to recognize that domestic freight volumes showed signs of recovery in some areas but remained sluggish overall and at a low level.
  22. FY2018-Q2RestatedAnnual report

    「Domestic freight volumes showed signs of recovery in some areas but remained sluggish overall and continued at a low level,」

    Domestic freight volumes showed signs of recovery in some areas but remained at a low level overall.
  23. FY2018-Q1RestatedAnnual report

    「Domestic freight volumes showed signs of recovery in some areas but remained sluggish overall and continued at a low level,」

    The company states that domestic freight volumes showed signs of recovery in some areas but remained sluggish overall and continued at a low level.
  24. FY2017-Q2RestatedAnnual report

    「The logistics industry remains in a difficult operating environment. Despite signs of economic recovery, total freight volumes have stagnated because of weak domestic demand, fuel prices are trending upward, and the industry also faces a driver shortage.」

    The company continues to describe stagnant total freight volumes due to weak domestic demand as a demand-side issue in the logistics industry.
  25. FY2017-Q1First statedAnnual report

    「The logistics industry remains in a difficult operating environment. Despite signs of economic recovery, total freight volumes have stagnated because of weak domestic demand, fuel prices are trending upward, and the industry also faces a driver shortage.」

    The company states that weak domestic demand has led to stagnant total freight volumes and newly describes demand-side risks in the logistics industry.
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Sluggish growth in total transportation volume due to weak domestic demand | Kyogoku unyu shoji Co.,Ltd. (9073) | Komori