Insufficient Volumes and Operating Cost Burden in the Thailand Business
First written in FY2017-Q1. 4 of 12 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-07-15.
Ait moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2023: 12 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- 2026-07-15OtherEarnings
「At the Myanmar subsidiary, logistics orders within Myanmar remained sluggish, while at the Vietnam subsidiary, operating revenue also declined due to the reorganization. As a result, operating revenue was ¥395 million, down 12.3% year on year, and segment profit was ¥38 million, down 47.5%.」
In the Other segment, the disclosure cites sluggish logistics orders in Myanmar and a decline in operating revenue at the Vietnam subsidiary associated with organizational restructuring. - FY2019WorsenedAnnual report
「As the scale of cargo handling remained small, operating revenue was ¥85 million, up 1.1% year on year. However, higher operating expenses resulted in a segment loss of ¥12 million, compared with a segment loss of ¥7 million in the same period of the previous year.」
The scale of cargo in the Thailand business remained small, and the operating cost burden caused the full-year segment loss to widen from ¥7 million in the previous year to ¥12 million. - FY2019-Q3MitigatedAnnual report
「As the scale of cargo handling also remained small, operating revenue was ¥64 million, up 15.2% year on year. However, higher operating expenses resulted in segment profit of ¥1 million, compared with a segment loss of ¥4 million in the same period of the previous year. AIT LOGISTICS (THAILAND) LIMITED, a consolidated subsidiary, ceased operations on 30 November 2018 and is currently undergoing liquidation procedures.」
Although the operating cost burden remained in the Thailand business, it turned from a segment loss to a profit of ¥1 million. The Thai subsidiary also ceased operations and moved into liquidation proceedings. - FY2019-Q2MitigatedAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥42 million, up 55.8% year on year, while higher operating expenses resulted in a segment loss of ¥1 million, compared with a segment loss of ¥6 million in the same period of the previous year.」
In the Thailand business, cargo bound for Japan and operating revenue increased. Although the operating cost burden remained, the segment loss narrowed from ¥6 million in the same period of the previous year to ¥1 million. - FY2019-Q1MitigatedAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥21 million, up 19.6% year on year, while higher operating expenses resulted in a segment loss of ¥1 million, compared with a segment loss of ¥2 million in the same period of the previous year.」
In the Thailand business, cargo bound for Japan and operating revenue increased. Although the operating cost burden remained, the segment loss narrowed from ¥2 million in the same period of the previous year to ¥1 million. - FY2018WorsenedAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥84 million, up 26.9% year on year, while higher operating expenses resulted in a segment loss of ¥7 million, compared with a segment loss of ¥3 million in the same period of the previous year.」
In the Thailand business, operating revenue increased, but the operating cost burden caused the segment loss to widen from ¥3 million in the same period of the previous year to ¥7 million. - FY2018-Q3Loss narrowed quarter on quarter but widened year on yearAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥56 million, up 15.2% year on year, while higher operating expenses resulted in a segment loss of ¥4 million, compared with a segment loss of ¥2 million in the same period of the previous year.」
In the Thailand business, operating revenue increased and the segment loss narrowed from ¥6 million in the previous quarter to ¥4 million, but it widened from ¥2 million in the same period of the previous year. - FY2018-Q2WorsenedAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥27 million, up 25.2% year on year, while higher operating expenses resulted in a segment loss of ¥6 million, compared with a segment loss of ¥3 million in the same period of the previous year.」
In the Thailand business, cargo bound for Japan and operating revenue increased, but the operating cost burden caused the segment loss to widen from ¥3 million in the same period of the previous year to ¥6 million. - FY2018-Q1RestatedAnnual report
「Cargo bound for Japan is increasing, but its absolute volume remains low. Operating revenue was therefore ¥18 million, up 23.2% year on year, while higher operating expenses resulted in a segment loss of ¥2 million, compared with a segment loss of ¥0 million in the same period of the previous year.」
Although cargo bound for Japan is increasing, its absolute volume remains low, and the operating cost burden has resulted in a continuing segment loss. - FY2017-Q3RestatedAnnual report
「Although foreign exchange factors resulting from the trend toward a stronger yen reduced the yen-denominated value of revenue in local currency terms, cargo bound for Japan showed signs of recovery. Operating revenue therefore rose 6.1% year on year to ¥48 million, while higher operating expenses resulted in a segment loss of ¥2 million, compared with a segment loss of ¥0 million in the same period of the previous year.」
In Thailand, cargo bound for Japan is recovering, but the decline in the yen-denominated value of revenue due to the stronger yen and the operating cost burden remain, and the segment loss continues. - FY2017-Q2WorsenedAnnual report
「Cargo bound for Japan is recovering, but its absolute volume remains low. In addition, foreign exchange factors resulting from the trend toward a stronger yen reduced the yen-denominated value of revenue in local currency terms. As a result, operating revenue was ¥21 million, down 30.7% year on year. Operating expenses also increased, resulting in a segment loss of ¥3 million, compared with a segment loss of ¥0 million in the same period of the previous year.」
In Thailand, the absolute volume of cargo bound for Japan remained insufficient, while the decline in the yen-denominated value of revenue due to the stronger yen and the operating cost burden continued, resulting in a segment loss of ¥3 million compared with no loss in the same period of the previous year. - FY2017-Q1First statedAnnual report
「Cargo bound for Japan is recovering, but its absolute volume remains low. In addition, foreign exchange factors resulting from the trend toward a stronger yen reduced the yen-denominated value of revenue in local currency terms. As a result, operating revenue was ¥14 million, down 4.0% year on year. Operating expenses also increased, resulting in a segment loss of ¥0 million, compared with segment profit of ¥0 million in the same period of the previous year.」
The low absolute volume of cargo bound for Japan, the decline in the yen-denominated value of revenue due to the stronger yen and the operating cost burden resulted in the actual decline in revenue and loss.