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Nippon Yusen (9101) · FactLower full-year profit in the logistics business

Increase in E-Commerce-Related Logistics Volumes Driven by Stay-at-Home Demand

First written in FY2021-Q2. 8 of 14 entries say "Restated". Latest entry: FY2026.

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ProgressHeldSoftenedWorseFirst statedFY2021-Q2 – FY2021-Q3RestatedFY2023-Q1 – FY20262020: 12021: 120212022: 320222023: 420232024: 220242025: 220252026: 12026
Same theme, other companies
Changes in e-commerce logistics volumes driven by stay-at-home demand and trade policiesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026Lower full-year profit in the logistics businessAnnual report

    「Logistics Business: Volumes handled for major customers declined amid an uncertain economic outlook due to the impact of tariff policies and other factors, and the profit level fell year on year from the previous consolidated fiscal year.」

    Lower volumes handled for major customers due to tariff policies and other factors resulted in a lower full-year profit level in the Logistics Business.
  2. FY2026-H1Lower volumes from major customers due to US-China tariff policiesAnnual report

    「Logistics Business: Volumes from major customers declined amid an uncertain economic outlook due to the impact of US-China tariff policies and other factors, and the profit level fell year on year from the previous interim period.」

    In the Logistics Business, uncertainty over the economic outlook due to US-China tariff policies and other factors manifested itself in lower volumes from major customers and a lower profit level.
  3. FY2025Lower profit due to slower freight movement by region and growth investment costsAnnual report

    「Logistics Business: Although operations remained solid in North America and Southeast Asia, they slowed in Europe and East Asia. In addition, one-time costs related to growth investments made in the previous consolidated fiscal year were incurred, and the profit level fell below that of the previous consolidated fiscal year.」

    The Logistics Business continued to show varying performance by region, with slower activity in Europe and East Asia and one-time costs associated with growth investments causing Logistics Business profit to fall below the previous fiscal year’s level.
  4. FY2025-H1Slower freight movement by region offset by earnings from other regionsAnnual report

    「Logistics Business: Although freight movement slowed in Europe and East Asia, the business secured a certain level of profit, supported by solid earnings in other regions.」

    Although freight movement slowed in Europe and East Asia, the business secured a certain level of profit, supported by earnings from other regions.
  5. FY2024-Q3RestatedAnnual report

    「Logistics Business: The business remained solid, supported by firm demand for general consumer goods in North America and strong freight movement in e-commerce, healthcare, and automotive-related industries in Europe.」

    The Logistics Business remained solid, supported by general consumer goods in North America and e-commerce, healthcare, and automotive-related demand in Europe.
  6. FY2024-Q2RestatedAnnual report

    「The Logistics Business remained solid, supported by strong freight movement in e-commerce, healthcare, and automotive-related industries in Europe and firm demand for general consumer goods in North America.」

    The Logistics Business remained solid on firm demand for e-commerce, healthcare, automotive-related products, general consumer goods, and other products.
  7. FY2024-Q1RestatedAnnual report

    「The Logistics Business remained solid, supported by strong freight movement in the automotive-related industry in Europe and firm demand for general consumer goods in North America.」

    As the disclosure expanded from e-commerce-focused demand to general consumer goods and automotive-related demand, the Logistics Business remained solid on firm demand in Europe and North America.
  8. FY2023RestatedAnnual report

    「In the Logistics Business, the Group proceeded with price revisions in response to higher labour and utility costs, primarily in Europe and the United States, while handling of general consumer goods, for which demand remained firm, continued to drive the business, which remained solid.」

    Even after the focus shifted from e-commerce to general consumer goods, firm demand and price revisions continued to support the Logistics Business.
  9. FY2023-Q3RestatedAnnual report

    「In the Logistics Business, the Group proceeded with price revisions in response to higher labour and utility costs in Europe and the United States, while handling of general consumer goods, for which demand remained firm, continued to drive the business, which performed well.」

    Even after the focus shifted from e-commerce to general consumer goods, firm demand for general consumer goods continued to drive the Logistics Business.
  10. FY2023-Q2RestatedAnnual report

    「Although labour and utility costs rose notably in Europe and the United States, the Logistics Business remained strong on active freight movement, primarily in general consumer goods for which demand remained firm.」

    Despite higher labour and utility costs in Europe and the United States, the Logistics Business performed well on firm demand for general consumer goods.
  11. FY2023-Q1RestatedAnnual report

    「Although labour and utility costs rose notably, particularly in Europe and the United States, volumes in the Logistics Business increased year on year on active freight movement, primarily in general consumer goods for which demand remained firm.」

    As the focus shifted from e-commerce to general consumer goods, Logistics Business volumes increased year on year on the back of firm demand.
  12. FY2022-Q3ReframedAnnual report

    「The Logistics Business handled higher volumes year on year, primarily in general consumer goods, for which demand remained firm.」

    The focus of the disclosure has shifted from the previous increase in e-commerce-related volumes to higher volumes this quarter, primarily in general consumer goods for which demand remains firm.
  13. FY2021-Q3RestatedAnnual report

    「The Logistics Business saw an increase in volumes, particularly in e-commerce-related operations, as stay-at-home demand increased due to the spread of COVID-19, and remained solid.」

    The Group is reconfirming the increase in e-commerce-related logistics volumes driven by stay-at-home demand and the business’s solid performance.
  14. FY2021-Q2First statedAnnual report

    「The Logistics Business saw a significant increase in volumes, particularly in e-commerce-related operations, as stay-at-home demand increased due to the spread of COVID-19.」

    Volumes in the e-commerce-related logistics business increased significantly against a backdrop of stay-at-home demand accompanying the spread of the infection.
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