Higher Capital Investment Burden
First written in FY2016. 22 of 25 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2026-H1.
K.R.S. moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Depreciation and amortization 3,627 4,008」
Depreciation and amortization for the interim consolidated accounting period increased from ¥3,627 million in the same period of the previous year to ¥4,008 million, and the impact of the capital investment burden continues to be reflected in results. - 2026-07-03MaterialisedEarnings
「The main factors behind the increase in assets were increases of ¥3,709 million in property, plant and equipment and ¥341 million in intangible assets, despite a ¥116 million decrease in notes and accounts receivable—trade.」
The increase in fixed assets was reflected in the financial position at the end of the interim period. Depreciation and amortization also increased to ¥4,008 million from ¥3,627 million in the same period of the previous year. - FY2025MaterialisedAnnual report
「The Group focused on customers' logistics needs and business expansion, carefully selecting its investments and investing ¥12,513 million in capital expenditures, primarily for the acquisition of refrigerated warehouse equipment and the acquisition and replacement of commercial vehicles.」
The capital investment burden is reflected in the current year's results through ¥12,513 million in capital investments and ¥7,391 million in depreciation and amortization. - FY2025-H1MaterialisedAnnual report
「Depreciation and amortization 3,418 3,627」
Depreciation and amortization for the interim consolidated accounting period increased from ¥3,418 million in the same period of the previous year to ¥3,627 million, and the impact of the capital investment burden continues to be reflected in results. - FY2024-Q2MaterialisedAnnual report
「Depreciation and amortization 3,275 3,418」
Depreciation and amortization for the cumulative second quarter increased from ¥3,275 million in the same period of the previous year to ¥3,418 million, and the impact of the capital investment burden continues to be reflected in results. - FY2023MaterialisedAnnual report
「Depreciation and amortization 6,418 6,716」
The capital investment burden continued to be reflected in results through higher depreciation and amortization. Capital investments totaled ¥8,392 million, while depreciation and amortization increased from ¥6,418 million in the previous fiscal year to ¥6,716 million. - FY2023-Q3MaterialisedAnnual report
「Depreciation and amortization ¥4,727 million ¥4,973 million」
Depreciation and amortization for the cumulative third quarter increased from ¥4,727 million in the same period of the previous year to ¥4,973 million, and the burden from major capital investments continues to be reflected in results. - FY2023-Q2MaterialisedAnnual report
「Depreciation and amortization 3,116 3,275」
Depreciation and amortization for the cumulative second quarter increased from ¥3,116 million in the same period of the previous year to ¥3,275 million, and the impact of the capital investment burden continues to be reflected in results. - FY2023-Q1MaterialisedAnnual report
「Depreciation and amortization ¥1,550 million ¥1,700 million」
Depreciation and amortization for the cumulative first quarter increased from ¥1,550 million in the same period of the previous year to ¥1,700 million, and the impact of the capital investment burden continues to be reflected in results. - FY2022MaterialisedAnnual report
「Depreciation and amortization 5,893 6,418」
Depreciation and amortization increased from ¥5,893 million in the previous fiscal year to ¥6,418 million, and the burden from major capital investments continues to be reflected in results. - FY2022-Q3MaterialisedAnnual report
「Depreciation and amortization expenses ¥4,352 million ¥4,727 million」
Depreciation and amortization increased from ¥4,352 million in the same period of the previous year to ¥4,727 million, and the burden from major capital investments continues to be reflected in results. - FY2022-Q1MaterialisedAnnual report
「Depreciation and amortization expenses ¥1,424 million ¥1,550 million」
Depreciation and amortization expenses for the cumulative first quarter increased from ¥1,424 million in the same period of the previous year to ¥1,550 million, and the impact of the capital investment burden continues to materialize in actual results. - FY2021-Q3MaterialisedAnnual report
「Depreciation and amortization expenses ¥3,444 million ¥4,352 million」
Depreciation and amortization expenses for the cumulative third quarter increased from ¥3,444 million in the same period of the previous year to ¥4,352 million, and the impact of the capital investment burden continues to materialize in actual results. - FY2021-Q2MaterialisedAnnual report
「Depreciation and amortization expenses 2,216 2,900」
Depreciation and amortization expenses for the cumulative second quarter increased from ¥2,216 million in the same period of the previous year to ¥2,900 million, and the impact of the capital investment burden associated with large-scale capital investment continues to materialize in actual results. - FY2021-Q1MaterialisedAnnual report
「Depreciation and amortization expenses ¥1,054 million ¥1,424 million」
Depreciation and amortization expenses for the first quarter of the current fiscal year increased from ¥1,054 million in the same period of the previous year to ¥1,424 million, and the impact of the capital investment burden associated with large-scale capital investment continues to materialize in actual results. - FY2020MaterialisedAnnual report
「Depreciation and amortization expenses 4,074 4,682」
Depreciation and amortization expenses increased from ¥4,074 million in the previous fiscal year to ¥4,682 million, and the impact of the capital investment burden associated with large-scale investments continues to be reflected in full-year results. - FY2020-Q2MaterialisedAnnual report
「Costs related to idle facilities － 97」
The Company recorded ¥97 million in costs related to idle facilities during the cumulative second quarter. Depreciation and amortization expenses also increased from ¥1,974 million in the same period of the previous year to ¥2,216 million, and the impact of the capital investment burden continues to materialize in actual results. - FY2020-Q1MaterialisedAnnual report
「Costs related to idle facilities － 97」
The Company recorded ¥97 million in costs related to idle facilities as non-operating expenses in the first quarter of the current fiscal year. Depreciation and amortization expenses also increased from ¥973 million in the same period of the previous year to ¥1,054 million, and the impact of the capital investment burden continues to materialize in actual results. - FY2019MaterialisedAnnual report
「Depreciation and amortization expenses increased from ¥3,734 million to ¥4,074 million, while operating profit declined to ¥4,133 million, down ¥564 million, or 12.0%, from the previous consolidated fiscal year.」
The increase in depreciation and amortization expenses associated with large-scale capital investment was reflected in full-year results, rising ¥340 million year on year. - FY2019-Q3MaterialisedAnnual report
「Profit was affected by increases in depreciation and amortization expenses and other items.」
The impact of higher depreciation and amortization expenses associated with large-scale investments continues to materialize as a factor behind lower earnings in related businesses. Depreciation and amortization expenses for the cumulative third quarter amounted to ¥3,006 million, up from ¥2,769 million in the same period of the previous year. - FY2019-Q2MaterialisedAnnual report
「Profit was affected by increases in depreciation and amortization expenses and other items.」
The impact of higher depreciation and amortization expenses associated with large-scale investments materialized as a factor behind lower earnings in related businesses. Depreciation and amortization expenses increased from ¥1,820 million in the same period of the previous year to ¥1,974 million. - FY2019-Q1MaterialisedAnnual report
「Profit was affected by increases in depreciation and amortization expenses and other items.」
The Company disclosed that profit in related businesses was affected by higher depreciation and amortization expenses, which increased from ¥892 million in the same period of the previous year to ¥973 million in the current quarter. The impact of higher depreciation and amortization expenses associated with the capital investment burden has materialized in actual results. - FY2018WorsenedAnnual report
「In fiscal 2019, the first year of the medium-term management plan, depreciation and amortization expenses were expected to increase due to large-scale investments, and it was positioned as a year in which targets would be achieved reliably toward sustainable growth.」
For the first year of the new medium-term management plan, the Company explicitly expected higher depreciation and amortization expenses associated with large-scale investments to be a burden factor. - FY2017RestatedAnnual report
「The Group is working to reduce costs by implementing operational efficiency measures, including improving transport allocation efficiency, reducing outsourcing and collection transportation costs through the consolidation of re-deposited cargo, and streamlining operations. However, increased capital investment costs may affect the Group's results.」
The Company continues to disclose that, although capital investment is ongoing, the resulting increase in the investment burden may affect its results. - FY2016First statedAnnual report
「The Group is working to reduce costs by implementing operational efficiency measures, including improving transport allocation efficiency, reducing outsourcing and collection transportation costs through the consolidation of re-deposited cargo, and streamlining operations. However, increased capital investment costs may affect the Group's results.」
While advancing capital investment in logistics facilities and vehicle acquisitions, the Company identifies the increased investment burden as a risk to its results.