Decline in import and export cargo volumes due to weather, pathogens, regulatory restrictions and social disruption
First written in FY2018. 6 of 10 entries say "Restated". Latest entry: FY2025.
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- FY2025RestatedAnnual report
「Because the Group handles a wide variety of import and export cargo worldwide, it is considered unlikely that changes in the handling volume of any particular cargo will have a material impact on business performance. However, cargo handling volumes may decline and affect business performance due to various factors, including the following.」
Continues to list the risk of lower import and export cargo volumes due to poor weather, infectious diseases, import restrictions, and terrorism and war as a risk item. - FY2024RestatedAnnual report
「Cargo handling volumes may decline and affect business performance due to various factors, including the following: ① Declining production due to poor weather in regions producing food products such as fresh produce and grains ② Import bans on food ingredients and feed resulting from the emergence of new pathogens such as novel infectious diseases ③ Changes in laws or regulations, including emergency import restrictions (safeguards) ④ Social disruption caused by factors such as terrorism and war」
Continues to list the risk of lower cargo handling volumes due to poor weather, infectious diseases, import restrictions, and terrorism and war. - FY2022RestatedAnnual report
「① Declining production due to poor weather in regions producing food products such as fresh produce and grains ② Import bans on food ingredients and feed resulting from the emergence of new pathogens such as novel infectious diseases ③ Changes in laws or regulations, including emergency import restrictions (safeguards) ④ Social disruption caused by factors such as terrorism and war」
Continues to list the risk of lower cargo handling volumes due to poor weather, infectious diseases, import restrictions, and terrorism and war. - FY2021RestatedAnnual report
「① Declining production due to poor weather in regions producing food products such as fresh produce and grains ② Import bans on food ingredients and feed resulting from the emergence of new pathogens such as novel infectious diseases ③ Changes in laws or regulations, including emergency import restrictions (safeguards) ④ Social disruption caused by factors such as terrorism and war」
Continues to list the risk of lower cargo handling volumes due to poor weather, infectious diseases, import restrictions, and terrorism and war. - FY2021-Q3MitigatedAnnual report
「In the logistics industry, handling volumes for domestic, import and export freight were on a recovery trend, but the operating environment remained challenging due to the prolonged impact of COVID-19.」
As a specific example of the risk of lower cargo volumes due to pathogens and similar factors, the company states that although the impact of COVID-19 continues, domestic and import/export cargo handling has shifted from decline toward recovery. - FY2021-Q2RestatedAnnual report
「In the logistics industry, domestic freight movement generally remained sluggish due to the impact of COVID-19, while import and export freight volumes declined, making the operating environment even more challenging.」
As a specific example of the risk of lower cargo volumes due to pathogens and similar factors, the company continues to describe sluggish domestic cargo movements and declines in import and export cargo volumes resulting from COVID-19. - FY2021-Q1WorsenedAnnual report
「The logistics industry is also facing increasingly severe operating conditions as the movement of people and goods is restricted by the impact of COVID-19 and import and export cargo volumes decline.」
Regarding the risk of lower cargo volumes due to pathogens and similar factors, restrictions on the movement of people and goods and declines in import and export cargo volumes caused by COVID-19 have continued and expanded as an actual deterioration in the logistics industry's operating environment. - FY2020MaterialisedAnnual report
「In the logistics industry, the operating environment became even more challenging due to declining exports resulting from U.S.-China trade friction and stalled imports due to the impact of COVID-19, in addition to intensified competition for orders, diversified customer needs, and issues securing labor.」
Regarding infectious diseases similar to the pathogens previously cited as a risk that could reduce cargo handling volumes, the company states that stagnation in import cargo has actually occurred due to COVID-19. - FY2019RestatedAnnual report
「Cargo handling volumes may decline and affect business performance due to various factors, including the following: ① Declining production due to poor weather in regions producing food products such as fresh produce and grains ② Import bans on food ingredients and feed resulting from the emergence of new pathogens such as BSE and novel influenza ③ Changes in laws or regulations, including emergency import restrictions (safeguards) ④ Social disruption caused by factors such as terrorism and war」
Continues to describe the risk of lower cargo handling volumes due to poor weather, pathogens, import restrictions, and terrorism and war. - FY2018First statedAnnual report
「Cargo handling volumes may decline and affect business performance due to various factors, including the following: ① Declining production due to poor weather in regions producing food products such as fresh produce and grains ② Import bans on food ingredients and feed resulting from the emergence of new pathogens such as BSE and novel influenza ③ Changes in laws or regulations, including emergency import restrictions (safeguards) ④ Social disruption caused by factors such as terrorism and war」
While stating that dependence on specific cargoes is limited, the company identifies lower food production, pathogens, import restrictions, and social disruption caused by terrorism and war as factors that could reduce cargo handling volumes.