Sanritsu (9366) · FactLower ocean freight rates remained a factor behind the full-year revenue decline
Decrease in revenue due to falling ocean freight rates
First written in FY2024-Q2. . Latest entry: FY2024.
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Decline in packaging business sales caused by lower ocean freight ratesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024Lower ocean freight rates remained a factor behind the full-year revenue declineAnnual report
「Revenue declined because ocean freight rates for machine-tool exports fell sharply from the previous fiscal year.」
The decline in revenue caused by lower ocean freight rates, first reported in the second quarter of the 79th fiscal year, was also confirmed for the full year as a factor behind the packaging business's 7.6% year-on-year revenue decline. - FY2024-Q2First statedAnnual report
「Revenue declined because ocean freight rates for machine-tool exports fell sharply from the previous fiscal year.」
The sharp decline in ocean freight rates for machine-tool exports was identified independently for the first time as a factor behind the decline in revenue for the packaging business and the company as a whole.