Pressure on Profitability from Higher Freight and Lease Costs
First written in FY2018-Q3. 2 of 4 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2025-H1.
Yamashita Health Care Holdings moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 18 of 26 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Operating income was ¥522 million, down 15.6% year on year, ordinary income was ¥552 million, down 14.4%, and interim net income attributable to owners of the parent was ¥338 million, down 29.5%. This reflected higher selling, general and administrative expenses due to increased personnel costs from wage increases implemented during the period, higher logistics costs, and research and development expenses for the ultrasound diagnostic device “Breast Scan,” which is under development by マイクロソニック株式会社, an operating subsidiary.」
Higher logistics costs, together with increased personnel costs and research and development expenses, pushed up selling, general and administrative expenses and resulted in actual earnings pressure, with operating income falling 15.6% year on year to ¥522 million. - FY2019MitigatedAnnual report
「We achieved improvements in productivity in the logistics division.」
The Company reported progress in addressing earnings pressure from rising logistics costs through improved logistics efficiency and productivity. - FY2018RestatedAnnual report
「Although there were cost increases, including freight-rate increases by logistics companies, gross profit increased with higher sales. As a result, operating income was ¥373 million and ordinary income was ¥449 million.」
Although cost increases, including freight-rate increases by logistics companies, continued throughout the fiscal year, higher gross profit enabled the Company to secure operating income and ordinary income. - FY2018-Q3MaterialisedAnnual report
「Selling, general and administrative expenses increased due to higher logistics costs following freight-rate increases by logistics companies and higher lease costs, resulting in an operating loss of ¥45 million and ordinary income of ¥13 million.」
Freight-rate increases and higher lease payments actually pushed up selling, general and administrative expenses, resulting in an operating loss and other earnings pressure.