Decline in gross profit margin due to increased outsourcing of customs clearance operations
First written in FY2019-Q1. 2 of 6 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2019: 3 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2022RestatedAnnual report
「During the consolidated fiscal year, we worked to reduce operating costs as much as possible while continuing to insource some outsourced operations.」
The Group continues to reduce operating costs through partial insourcing in response to the cost burden from increased outsourcing of customs clearance and other operations. - FY2021MitigatedAnnual report
「During the consolidated fiscal year, we worked to reduce operating costs while also pursuing the partial insourcing of outsourced operations.」
In response to the cost burden from increased outsourcing of customs clearance and other operations, the Group is reducing operating costs through partial insourcing. - FY2019WorsenedAnnual report
「Amid increased outsourcing of customs clearance operations in Japan and higher transportation costs, including for trucks, the figure was ¥22,066 million, up 11.7% year on year.」
Increased outsourcing of customs clearance operations was identified throughout the full year, together with higher transportation costs, as a factor driving up operating costs, quantifying the cost burden. - FY2019-Q3RestatedAnnual report
「In the second half of the previous consolidated fiscal year, the Group also worked to revise pricing and take other measures to improve the gross profit margin, which had been trending lower because transactions with major customers were expanding despite their relatively thin margins and because outsourcing of customs clearance operations was increasing.」
The Group continues to improve the gross profit margin, which had been trending downward due to increased outsourcing of customs clearance operations and other factors, through measures including a review of pricing. - FY2019-Q2MitigatedAnnual report
「In the second half of the previous consolidated fiscal year, the Group also worked to revise pricing and take other measures to improve the gross profit margin, which had been trending lower because transactions with major customers were expanding despite their relatively thin margins and because outsourcing of customs clearance operations was increasing.」
In response to the decline in the gross profit margin due to increased outsourcing of customs clearance operations, the Group is working to improve margins through measures including a review of pricing. The resulting benefits are described as an offsetting factor against the factors reducing profit. - FY2019-Q1First statedAnnual report
「Although transactions, particularly with major customers, continued to expand as a result of the initiatives described above, the gross profit margin declined from the same period of the previous year due to the thin margins at major customers and increased outsourcing of customs clearance operations.」
Increased outsourcing of customs clearance operations, together with thin margins on large customers, was disclosed for the first time as an actual factor behind the decline in the gross profit margin.