Volatile Exchange Rates and Low Import and Export Cargo Volumes
First written in FY2017-Q1. 8 of 33 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-08-13.
Kamigumi moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Softened".
- 2026-08-13SoftenedEarnings
「In the logistics industry, export cargo has recently shown signs of recovery and import cargo has remained broadly flat, while the difficult operating environment has continued due to factors driving up logistics costs, including higher prices and a chronic labor shortage.」
The description continues to state that export cargo is recovering and import cargo is broadly flat, while concerns about low import and export cargo volumes have eased. Meanwhile, the difficult environment caused by rising logistics costs continues. - FY2026The handling volume of import and export cargo was described as broadly flat.Annual report
「In the logistics industry, handling volumes for import and export cargo were broadly flat, while the challenging operating environment continued, including higher costs caused by rising prices.」
The description of import and export cargo handling has changed from weakening or declining through the previous period to broadly flat. - 2026-05-14SoftenedEarnings
「Although the volume of import and export cargo handled remained broadly flat, the difficult operating environment persisted, including rising costs due to higher prices.」
The volume of import and export cargo handled was broadly flat, easing from the decline in international transport volumes in the previous fiscal year. Meanwhile, cost increases due to higher prices continued. - FY2026-H1Recovery in import and export cargo alongside a decline in international transportation volumesAnnual report
「In port transportation, handling volumes of grain and fresh produce remained strong, led by an increase in import and export cargo volumes, and container handling volumes also increased. In warehousing and domestic transportation, handling volumes for inbound and outbound warehouse operations and transportation increased as a result of contributions from spot projects. In international transportation, however, handling volumes declined because there were no projects during the current period to replace the spot project cargo for the previous period's triangular ocean transportation.」
The report notes increases in handling volumes for import and export cargo and containers, while handling volumes in international transportation declined because there were no projects to replace the previous period's spot project. - FY2025SoftenedAnnual report
「In the logistics industry, import freight was generally flat while export freight showed signs of recovery, but the operating environment remained challenging due to labor shortages, soaring fuel costs and other factors.」
Export cargo is described as recovering and import cargo as broadly flat, indicating some easing from the previous period's stalled export cargo and weakening international cargo. - FY2025-H1SoftenedAnnual report
「In the logistics industry, the handling of import and export cargo has remained flat, while operating conditions continue to be challenging due to higher labor costs caused by labor shortages and persistently high fuel prices.」
Whereas the recovery in export cargo was described as having stalled in the previous period, the current interim period describes the handling of import and export cargo as flat. Meanwhile, difficult conditions caused by higher labor costs resulting from labor shortages and persistently high fuel prices continue. - FY2024-Q3WorsenedAnnual report
「In the logistics industry, the recent recovery in export cargo has stalled and import cargo has remained flat, while operating conditions continue to be challenging due to labor shortages and soaring fuel costs.」
The description has changed from a recovery in export cargo in the previous quarter to signs that the recovery has stalled. Import cargo remains flat, and labor shortages and soaring fuel costs continue. - FY2024-Q2SoftenedAnnual report
「In the logistics industry, the handling of export cargo has recently shown signs of recovery and import cargo has been flat, but operating conditions remain challenging due to labor shortages and soaring fuel costs.」
The wording has changed from the firm performance of export cargo in the previous quarter to signs of recovery, while import cargo is described as flat. - FY2024-Q1SoftenedAnnual report
「In the logistics industry, the handling of export cargo has remained firm recently and import cargo has been broadly flat, but operating conditions remain challenging due to labor shortages and soaring fuel costs.」
Whereas the handling of import and export cargo was described as weakening in the previous period, export cargo is now described as firm and import cargo as flat, indicating that the weakness in cargo handling has eased somewhat. Meanwhile, difficult conditions caused by labor shortages and soaring fuel costs continue. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, Japan's economy showed signs of recovery as economic activity normalized. However, the outlook remained uncertain due to higher consumer prices resulting from soaring energy and raw material prices caused by the situation in Ukraine and other factors, as well as sharp exchange-rate fluctuations. The logistics industry also continued to face severe operating conditions, with the handling of import and export cargo weakening recently and fuel costs soaring.」
The description has changed from broadly flat import and export cargo volumes in the previous quarter to weakening handling of import and export cargo, while sharp exchange-rate fluctuations continue to be identified as a source of uncertainty. - FY2023-Q2SoftenedAnnual report
「In the logistics industry, handling volumes for import and export freight and domestic freight remained generally flat, while the operating environment remained challenging due to soaring fuel costs.」
The description has changed from a decline in the handling of import and export cargo and domestic cargo in the previous quarter to broadly flat conditions. Meanwhile, severe operating conditions caused by soaring fuel costs continue. - FY2023-Q1WorsenedAnnual report
「During the first three months of the current fiscal year, Japan's economy showed signs of recovery as economic activity moved toward normalization. However, the outlook remained uncertain due to factors including higher resource prices resulting from the prolonged situation in Ukraine and the impact of the sharp depreciation of the yen. The logistics industry also continued to face severe operating conditions, including declines in the handling of import and export cargo and domestic cargo and soaring fuel costs.」
The sharp depreciation of the yen is explicitly identified as a source of uncertainty, while the handling of import and export cargo is also declining, indicating that difficulties surrounding foreign exchange and international cargo are intensifying again. - FY2022MitigatedAnnual report
「International transportation also increased, as the handling of project cargo, including power generation equipment, continued to perform steadily.」
In international transportation, the handling of project cargo, including power generation equipment, remained strong and increased, reducing concerns about low import and export cargo volumes. - FY2022-Q3MitigatedAnnual report
「International transportation also increased, as the handling of project cargo, including power generation equipment, continued to perform steadily.」
In international transportation, the handling of project cargo, including power generation equipment, has continued to perform steadily and increase, further reducing concerns about sluggish import and export cargo volumes. - FY2022-Q2RestatedAnnual report
「In the logistics industry, handling volumes for both domestic and import and export freight were on a recovery trend, but the operating environment remained challenging due to the prolonged impact of COVID-19.」
Cargo handling, including import and export cargo, continues to recover from its previous decline, but severe operating conditions caused by the prolonged pandemic remain. - FY2022-Q1RestatedAnnual report
「Although the handling of both domestic and import and export cargo in the logistics industry is showing signs of recovery, operating conditions remain challenging due to the prolonged impact of COVID-19.」
Although the handling of domestic, import and export cargo is showing signs of recovery, severe operating conditions caused by the prolonged pandemic continue. - FY2021MitigatedAnnual 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.」
The report continues to describe a recovery trend in both domestic and import and export cargo from previously low levels, reducing the former risk of sluggish cargo volumes. However, the difficult environment caused by the pandemic remains. - 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.」
The description has changed from a decline in import and export cargo in the previous quarter to a recovery trend in the handling of domestic, import and export cargo. Meanwhile, severe operating conditions caused by the prolonged COVID-19 pandemic remain. - 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 in the previous quarter, the report notes a decline in import and export cargo caused by the impact of 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.」
Following the previously reported decline in export cargo and stagnation in import cargo, restrictions on the movement of people and goods caused by COVID-19 and declines in import and export cargo are described as contributing to the challenging conditions across the logistics industry. - FY2020WorsenedAnnual 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.」
In addition to stagnation and declines in export cargo, the report notes disruptions to import cargo caused by COVID-19, indicating growing concerns surrounding import and export cargo. - FY2020-Q3WorsenedAnnual report
「In the logistics industry, the operating environment remained challenging due to declining exports, intensified competition for orders, diversified customer needs, and issues securing labor.」
The disclosure shifted from sluggish exports in the previous quarter to declining exports, indicating the weakness in exports more directly. - FY2020-Q2Scope expanded from sluggish exports to Asia to sluggish exports overallAnnual report
「In the logistics industry, the operating environment remained challenging due to sluggish exports, intensified competition for orders, diversified customer needs, and issues securing labor.」
The disclosure has shifted from sluggish exports to Asia in the previous quarter to sluggish exports overall. - FY2020-Q1WorsenedAnnual report
「In the logistics industry, the operating environment remained challenging due to sluggish growth in exports to Asia, intensified competition for orders, diversified customer needs, and issues securing labor.」
Compared with the previous period, when import and export freight were described as firm, sluggish growth in exports to Asia was identified as a factor contributing to the challenging operating environment in the logistics industry. - FY2019RestatedAnnual report
「In the logistics industry, import and export freight movement remained firm, but the operating environment continued to be challenging due to intensified competition for orders, diversification of logistics formats, and higher costs associated with securing labor.」
Import and export freight movement remained firm, containing the previous concern over low freight volumes. - FY2019-Q3MitigatedAnnual report
「In the logistics industry, import and export freight movement was firm, but the operating environment remained challenging due to intensified competition for orders, diversification of logistics formats, and issues securing labor.」
The improvement from low import and export freight volumes to firm movement continued, reducing the previous concerns over foreign exchange markets and weak freight volumes. - FY2018MitigatedAnnual report
「Although firm movement of both import and export freight is expected, uncertainty about the outlook is increasing as Japan faces issues including declining consumption due to the declining birthrate and an aging population and declining competitiveness due to higher labor costs, in addition to the risk of fluctuations in global economic conditions.」
The disclosure has shifted from the previous description of low import and export freight volumes to expectations of firm freight movement, reducing concerns over freight handling. Meanwhile, the risk of fluctuations in global economic conditions remains. - FY2018-Q3RestatedAnnual report
「In the logistics industry, import and export freight movement was firm, but the operating environment remained challenging due to intensified competition for orders.」
The disclosure continued to describe firm import and export freight movement, with the previous concerns over foreign exchange markets and low import and export freight volumes contained. Meanwhile, the challenges caused by competition for orders continued. - FY2018-Q2MitigatedAnnual report
「In the logistics industry, import and export freight movement was firm, but the operating environment remained challenging due to intensified competition for orders.」
Import and export freight improved from low levels to firm movement, reducing the previous concerns over foreign exchange markets and weak import and export freight. Meanwhile, intensified competition for orders was identified as another source of difficulty. - FY2018-Q1MitigatedAnnual report
「In the logistics industry, import and export freight volumes were on a recovery trend, but intensified competition for orders meant that the operating environment remained challenging throughout the period.」
While low import and export freight volumes shifted to a recovery trend, intensified competition for orders was identified as a new factor contributing to the challenging environment. - FY2017-Q3The factor cited changed from overseas conditions to foreign exchange market fluctuations and other factorsAnnual report
「In the logistics industry, import and export freight handling volumes remained low due to the effects of foreign exchange market fluctuations and other factors, and the operating environment remained challenging.」
Low import and export freight volumes and the challenging operating environment continued, with foreign exchange market fluctuations and other factors cited as causes. - FY2017-Q2The factor cited changed from foreign exchange markets to overseas conditionsAnnual report
「International freight volumes also remained low for both imports and exports, reflecting overseas conditions, and the operating environment remained challenging.」
Although low import and export freight volumes continued, the factor cited was overseas conditions rather than the unstable foreign exchange markets mentioned in the first quarter. - FY2017-Q1First statedAnnual report
「In the logistics industry, unstable foreign exchange markets also had an impact, import and export freight handling volumes remained low, and the operating environment was challenging throughout the period.」
The disclosure identifies unstable foreign exchange markets and low import and export freight handling volumes as factors contributing to the challenging operating environment in the logistics industry.