Increase in overseas costs due to higher airfares and the launch of a new warehouse
First written in FY2018-Q3. 4 of 11 entries say "Restated". Latest entry: FY2025.
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- FY2025Higher international freight rates and market price fluctuationsAnnual report
「Ocean and air freight rates rose against a backdrop of disruption to ocean transport caused by avoiding passage through the Red Sea, a shift to air transport as a result, market price fluctuations, and progress in price negotiations.」
The disclosure changed from the previous phase of freight rate normalization and declines to market price fluctuations and rising freight rates caused by avoidance of passage through the Red Sea and a shift to air transport. - FY2023-Q3SoftenedAnnual report
「In particular, as the global supply chain disruption originating from the spread of infectious diseases moves toward resolution, ocean and air freight rates are falling rapidly」
The situation has changed from the previous high and elevated freight rates to one in which ocean and air freight rates are falling rapidly as the supply chain disruption subsides. - FY2023-Q2SoftenedAnnual report
「Ocean and air freight rates are also gradually normalizing as the supply chain disruption moves toward resolution.」
The explanation changed from the high and elevated freight rates seen through the previous fiscal year to ocean and air freight rates gradually normalizing as the supply chain disruption subsides. However, the outlook remains uncertain. - FY2023-Q1WorsenedAnnual report
「However, procurement costs have risen as tight supply and demand caused by the container shortage and other factors has continued.」
Although the previous fiscal year indicated that freight rates were expected to normalize, tight supply and demand due to the container shortage and other factors continued, and higher procurement costs were explicitly identified. - FY2022SoftenedAnnual report
「In international logistics, supply chain disruption caused by the global shortage of ocean containers resulting from the impact of infectious diseases has gradually eased, and ocean and air freight rates, which had surged, are expected to normalize as supply and demand have eased. However, the outlook remains difficult to assess due in part to labor negotiations at ports on the US West Coast and escalating geopolitical risks.」
While the outlook indicated that the disruption caused by the container shortage and surging freight rates would gradually ease and freight rates would normalize, uncertainty due to geopolitical risks and other factors remained. - FY2022-Q3RestatedAnnual report
「In the logistics business, while there was still no clear prospect of a solution to the global shortage of ocean containers and ocean and air freight rates continued to rise,」
The global shortage of ocean containers and rising ocean and air freight rates continued to occur. - FY2022-Q2RestatedAnnual report
「In the logistics business, while ocean and air freight rates remained high because there was still no clear prospect of a solution to the global shortage of ocean containers,」
The global shortage of ocean containers and elevated ocean and air freight rates continued. - FY2022-Q1RestatedAnnual report
「In the logistics business, while high ocean and air freight rates caused by tight global container supply and demand continued,」
The disclosure states that tight global container supply and demand and high ocean and air freight rates continued. - FY2021MaterialisedAnnual report
「Since September 2020, the global container shortage triggered by a sharp increase in stay-at-home demand in the United States has led to a surge in ocean and air freight rates.」
Regarding the risk of fluctuations in freight rates associated with the overseas business, the disclosure states that a global container shortage and surging ocean and air freight rates actually occurred. - FY2018RestatedAnnual report
「Going forward, sharp fluctuations in foreign exchange rates and air and ocean freight rates, as well as deterioration in economic conditions and the business environment in regions where our group operates,」
The risks of fluctuations in freight rates, foreign exchange rates and the business environment associated with the overseas business continue to be identified. - FY2018-Q3First statedAnnual report
「Although costs increased due to higher air freight rates and the launch of new warehouses,」
The overseas business identified higher air freight rates and costs associated with launching new warehouses as actual performance factors.