Risk of Deteriorating Logistics Operations and Business Performance Due to the Spread of COVID-19
First written in FY2021-Q1. 1 of 12 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2025.
0 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「There is also a risk of unforeseeable events, such as outbreaks of infectious diseases, terrorist acts, and the occurrence of wars or conflicts.」
COVID-19 was not mentioned by name; the infection risk was described generally as outbreaks of infectious diseases, included among large-scale disasters and other events. - FY2023Reduced COVID-19 impact, but cargo movements not yet recoveredAnnual report
「Overall cargo movements in the logistics industry had not recovered to pre-pandemic levels, and conditions remained challenging due to soaring fuel prices, material costs and other expenses.」
While the impact of COVID-19 was gradually diminishing, overall logistics cargo movements had not returned to pre-pandemic levels, and higher costs continued to weigh on operations. - FY2023-Q2Recovery trend alongside logistics instabilityAnnual report
「Under these circumstances, although some cargo movements began to show signs of improvement from the second quarter against a backdrop of recovering production activity, cargo handling remained unstable overall in the first half.」
Although some cargo movements showed signs of improvement from the second quarter as production activity recovered, cargo handling remained unstable throughout the first half. In international multimodal transportation, the tight supply-demand balance in ocean transportation began to ease, although ocean freight rates remained high. - FY2023-Q1China lockdown impact alongside continued logistics disruptionAnnual report
「The Group's performance during the three months ended the first quarter was affected by inventory adjustments in production activities and lockdowns in China in the integrated logistics business.」
The impact on logistics and performance continued due to lockdowns in China and inventory adjustments. On the other hand, consolidated revenue increased 15.9% year on year and ordinary profit increased 36.7%, due to factors including volumes handled by overseas subsidiaries, soaring ocean freight rates and the weaker yen. - FY2022Recovery trend, with continued logistics disruptionAnnual report
「In the international multimodal transportation business, volumes handled in ocean and air transportation increased substantially year on year, against a backdrop of recovering global economic activity, despite the impact of the global container shortage and soaring ocean freight rates originating from COVID-19. Volumes handled by overseas subsidiaries also increased substantially.」
While the container shortage and soaring ocean freight rates continued, volumes handled in ocean and air transportation and by overseas subsidiaries increased as economic activity recovered. - FY2022-Q3Recovery trend alongside logistics constraintsAnnual report
「In the international multimodal transportation business, volumes handled in ocean and air transportation increased substantially year on year, against a backdrop of recovering global economic activity, despite the impact of the global container shortage and soaring ocean freight rates originating from COVID-19. Volumes handled by overseas subsidiaries also increased substantially.」
While the impact of the container shortage and soaring ocean freight rates originating from COVID-19 continued, volumes handled in ocean and air transportation and by overseas subsidiaries increased substantially against a backdrop of recovering global economic activity. - FY2022-Q2Recovery trend, with continued concerns about variantsAnnual report
「Against this economic backdrop, cargo movements in domestic and import/export markets, particularly consumer-related and production-related cargo, increased, and the overall recovery trend continued.」
Although uncertainty remained due to the spread of COVID-19 variants and declarations of a state of emergency, domestic and import/export cargo movements increased, and the integrated logistics business maintained its recovery trend. - FY2022-Q1MitigatedAnnual report
「Volumes increased in the warehousing, port transportation and international multimodal transportation businesses to levels above those before the spread of COVID-19, resulting in revenue of ¥27.172 billion, up 13.8% year on year.」
Although the impact of the spread of COVID-19 on logistics and performance remained in the Other businesses, volumes handled by the major logistics businesses recovered to levels above those before the spread of the infection. - FY2021Full-year impact continues, with recovery in the second halfAnnual report
「In the integrated logistics business, volumes remained sluggish in the first and second quarters, when economic activity stagnated due to the spread of COVID-19, but turned to a recovery trend from the third quarter. In the fourth quarter, volumes in warehousing, port transportation, land transportation and international multimodal transportation recovered to levels substantially above those of the same period of the previous year.」
Although the decline in cargo volumes caused by COVID-19 in the first half continued to affect full-year performance, cargo volumes in the major logistics divisions recovered in the second half. - FY2021-Q3Recovery trend and continuing impactAnnual report
「Against this economic backdrop, cargo movements in the logistics industry showed signs of gradual recovery for both domestic and import/export cargo as economic activity resumed.」
Domestic and import/export cargo showed signs of recovery amid the impact of COVID-19, and each logistics division recovered to approximately the year-earlier level in the third quarter. However, due to the impact in the first quarter, cumulative revenue from the integrated logistics business fell 3.1% year on year and consolidated revenue fell 3.2%. - FY2021-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy experienced a significant downturn as economic activity stagnated amid the global spread of COVID-19. Although economic activity gradually resumed after the state of emergency was lifted, concerns about a resurgence in infections persisted, and the outlook remained uncertain.」
Economic stagnation caused by the spread of COVID-19 and a continued decline in logistics cargo resulted in consolidated revenue falling 5.0% year on year and consolidated ordinary profit falling 12.8%. Concerns about a resurgence in infections were also stated. - FY2021-Q1First statedAnnual report
「In the logistics industry, the movement of import, export and domestic cargo slowed considerably as economic activity was restricted, creating a challenging operating environment for logistics.」
The spread of COVID-19, the declaration of a state of emergency, restrictions on economic activity and concerns about a second wave were identified as new external risks. Their impact was already evident, with revenue from the integrated logistics business down 5.4% year on year, consolidated revenue down 5.6% and consolidated ordinary profit down 28.0%.