Decline in Gross Margin Due to Major Customers’ Low Gross Margins
First written in FY2018-Q2. 3 of 7 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2023: 5 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe discussion of operating results for the consolidated fiscal year does not explicitly identify major customers' low margins as a factor behind the decline in the gross profit margin.
- 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 review pricing and take other measures in response to the decline in the gross profit margin caused by major customers' thin margins and increased outsourcing of customs clearance operations. - 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.」
Although major customers' thin margins remain, the Group is working to improve the gross profit margin, which had been trending lower, through pricing reviews and other measures. - FY2019-Q1WorsenedAnnual 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.」
Although transactions with major customers continued to expand, their thin margins and increased outsourcing of customs clearance operations contributed to a year-on-year decline in the gross profit margin. - FY2018RestatedAnnual report
「Meanwhile, in addition to the relatively low gross profit margin on sales to major customers, increased procurement costs due to higher ocean freight rates for imports from overseas to Japan and other factors also contributed to the decline in the gross profit margin.」
The relatively low gross profit margin at major customers, together with higher purchase costs resulting from rising import ocean freight rates, has continued to be a factor behind the decline in the gross profit margin. - FY2018-Q3RestatedAnnual report
「Meanwhile, in addition to higher procurement costs due to increased ocean freight rates for imports from overseas to Japan, the relatively low gross profit margin on sales to major customers also contributed to the decline in the gross profit margin.」
The relatively low gross profit margin at major customers, together with higher import ocean freight rates, has continued to be a factor behind the decline in the gross profit margin. - FY2018-Q2MaterialisedAnnual report
「In addition to the relatively low gross profit margin at major customers, higher purchase costs resulting from increased import ocean freight rates from overseas to Japan caused the gross profit margin to decline.」
As transaction volumes grew, particularly with major customers, their relatively low gross profit margin was cited as an actual factor behind the decline in the gross profit margin.