Higher procurement costs due to increases in ocean freight rates for imports to Japan from overseas
First written in FY2018-Q1. 15 of 29 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 11 of 24 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「The Group has been pursuing price revisions reflecting increases in fuel surcharges and logistics-related costs to secure stable earnings, while」
The Group continues to respond to higher fuel surcharges and logistics-related costs by implementing price revisions. An improved gross profit margin is also cited as a factor behind higher earnings in the interim period. - FY2026-H1MitigatedAnnual report
「The Group negotiated price revisions with some customers for higher ocean freight rates in the previous consolidated fiscal year and rising domestic trucking costs in Japan, and worked to pass these costs through to prices. As a result, the gross profit margin, which had fallen sharply since last summer, showed signs of improvement. However, gross profit declined because the margin remained below the level in the same period of the previous year.」
The Group pursued price revision negotiations and cost pass-through for higher ocean freight rates and domestic trucking costs, and the gross profit margin showed signs of improvement. However, it remained below the level in the same period of the previous year. - FY2025WorsenedAnnual report
「In addition, ocean freight rates rose on multiple routes due to several factors, including tight supply and demand caused by the situation in the Red Sea, congestion at major ports worldwide and rising demand for ocean transportation.」
Ocean freight rates, which had declined through the previous fiscal year, turned upward on multiple routes against a backdrop of the situation in the Red Sea, congestion at major ports and increased demand. - FY2025-H1WorsenedAnnual report
「In ocean transportation, freight rates are trending higher as tight supply and demand caused by the situation in the Red Sea, congestion at major ports worldwide and rising demand for ocean transportation have created shortages of container capacity.」
Ocean freight rates, which had continued to decline through the previous fiscal year, are described as having turned upward against a backdrop of the situation in the Red Sea, congestion at major ports and a shortage of container capacity. - FY2024-Q3RestatedAnnual report
「As for the environment surrounding the Group, ocean freight rates, which had surged during the pandemic, declined year on year as supply and demand normalized. The decline continued on the China route, where the Group handles its largest volume of cargo.」
Ocean freight rates, which had surged and remained elevated, have continued to decline, including on the China route, as supply and demand have normalized. - FY2024-Q2MitigatedAnnual report
「As for the environment surrounding the Group, ocean freight rates, which had surged during the pandemic, declined from around autumn last year as supply and demand normalized. The decline continued not only on European, North American and Southeast Asian routes but also on the China route, which handles the largest volume of cargo.」
Ocean freight rates, which had remained elevated, continued to decline on the China route, which handles a large volume of cargo, in addition to European, North American and Southeast Asian routes, and cost pressure from higher freight rates is easing. - FY2024-Q1MitigatedAnnual report
「As for the environment surrounding the Group, ocean freight rates continued to decline from around autumn last year, not only on European, North American and Southeast Asian routes but also on the China route, which handles the largest volume of cargo.」
Ocean freight rates, which had previously remained elevated, continued to decline on the China route, which handles a large volume of cargo, in addition to European, North American and Southeast Asian routes, and cost pressure from higher freight rates is described as easing. - FY2023Elevated rates persist alongside declines on some routesAnnual report
「In ocean transportation, the Group's core business, freight rates declined on North American and Southeast Asian routes during the consolidated fiscal year, and have also been trending lower on some China routes, which handle a large volume of cargo, since around autumn 2022. Nevertheless, they remain higher than pre-pandemic levels.」
Although freight rates declined on North American and Southeast Asian routes and some China routes, elevated rates above pre-pandemic levels remain overall. - FY2023-Q3Ocean freight trends diverged by routeAnnual report
「Although freight rates on some routes, including North America and Southeast Asia, have been trending lower, rates on the China route, which handles a large volume of cargo, remain high.」
Freight rates have been trending lower on some North American and Southeast Asian routes, while high rates have persisted on the China route, which handles a large volume of cargo. - FY2023-Q2RestatedAnnual report
「In addition, ocean freight rates remain high, and together with the further rapid depreciation of the yen, they are causing logistics costs for many shippers to rise further.」
Ocean freight rates have remained elevated, driving up shippers' logistics costs while also contributing to growth in the Group's earnings. - FY2023-Q1RestatedAnnual report
「In addition, as ocean freight rates remained elevated and rapid yen depreciation also continued, the environment was one in which logistics costs for many shippers rose further」
The continued elevated level of ocean freight rates is driving up shippers' logistics costs, while also being cited as a factor supporting growth in the Group's earnings. - FY2022RestatedAnnual report
「In addition, as shortages of ocean containers and vessel capacity constraints continued and ocean freight rates also rose, our Group repeatedly negotiated with shipping companies and was able to expand results by providing stable international freight transportation services to customers.」
While shortages of ocean containers, vessel capacity constraints and higher freight rates continued, the Group continued to provide stable transportation under these conditions and translate it into expanded results. - FY2022-Q3RestatedAnnual report
「In addition, shortages of ocean containers and other factors caused ocean freight rates to surge on some of the routes handled by our Group, and rates remained high, providing a tailwind for the expansion of results and improvement in revenue during the cumulative third-quarter consolidated period.」
While surging and elevated ocean freight rates on some routes due to the shortage of ocean containers continued, high freight rates became a factor driving higher results and revenue during the quarter. - FY2022-Q2RestatedAnnual report
「In addition, in our core ocean freight transportation business, ocean container shortages and other factors have caused freight rates to surge on some of the routes handled by our Group since last autumn, and rates remain high. Under these circumstances, our Group worked to provide stable international transportation services to customers. The higher freight-rate environment also provided a tailwind for the expansion of results and improvement in revenue during the cumulative second-quarter consolidated period.」
It was reported that, while the shortage of ocean containers and high freight rates on some routes continued, the high freight-rate environment provided a tailwind for the expansion of results and improvement in revenue during the quarter. - FY2022-Q1RestatedAnnual report
「Since last autumn, a shortage of ocean containers stemming from the spread of COVID-19 has caused ocean freight rates to surge on some of the routes handled by our Group. Under these circumstances, our Group worked to provide stable international transportation services to customers. Although the container shortage has yet to be resolved and ocean freight rates on some routes have remained high, the surge in ocean freight rates also provided a tailwind for the expansion of results and improvement in revenue during the cumulative first-quarter consolidated period.」
While the shortage of ocean containers and high freight rates on some routes continued, high freight rates provided a tailwind for the expansion of results and improvement in revenue during the quarter. - FY2021WorsenedAnnual report
「Since the third quarter of the fiscal year, the recovery in demand for international freight transportation has caused a global shortage of ocean containers. Freight rates on some of the routes handled by our Group also surged, becoming one factor driving higher revenue.」
It was reported that, in addition to the previous increase in transportation procurement costs, a global shortage of containers and surging freight rates on some routes had actually occurred. - FY2020-Q3RestatedAnnual report
「In addition, to improve selling prices and profit margins, we worked to pass on the higher costs of ocean freight and rising domestic delivery charges in Japan.」
In addition to ocean freight, we continued to pass on rising domestic delivery charges in Japan and take other measures to limit the impact of higher procurement costs on profit. - FY2020-Q2RestatedAnnual report
「In addition, although procurement costs for domestic and international transportation were trending upward, we worked to pass on costs to selling prices and took other measures to secure stable profit.」
We continued to respond to rising procurement costs for domestic and international transportation by securing stable profit through cost pass-through to selling prices and other measures. - FY2020-Q1RestatedAnnual report
「In addition, amid an upward trend in procurement costs, we worked to pass on costs to selling prices and took other measures to secure stable profit.」
We continued to respond to the upward trend in procurement costs by seeking to secure stable profit through cost pass-through to selling prices and other measures. - FY2019RestatedAnnual report
「Under these circumstances, we also worked to pass on costs, primarily higher ocean freight rates for imports, in order to improve selling prices and profit margins.」
We continued efforts to improve selling prices and profit margins through cost pass-through in response to higher procurement prices, primarily due to increased ocean freight rates for imports. - FY2019-Q3RestatedAnnual report
「Under these circumstances, we also worked to pass on costs, primarily higher ocean freight rates for imports, in order to improve selling prices and profit margins.」
We continued efforts to improve selling prices and profit margins through cost pass-through and other measures in response to rising procurement costs, primarily due to higher ocean freight rates for imports. - FY2019-Q2MitigatedAnnual report
「In addition, efforts to pass on costs, primarily higher ocean freight rates for imports, in order to improve prices and profit margins also contributed to higher revenue.」
Although there was no indication that the higher costs themselves resulting from ocean freight rates for imports had been eliminated, efforts to mitigate their impact on revenue through cost pass-through and other measures were progressing. - 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 increase in procurement costs due to higher ocean freight rates for imports and the resulting decline in the gross profit margin continued to affect full-year results. - 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 increase in procurement costs due to higher ocean freight rates for imports and the resulting decline in the gross profit margin continued to be reported as factors affecting results. - FY2018-Q2RestatedAnnual report
「Higher ocean freight rates for imports from overseas to Japan increased procurement costs, resulting in a decline in the gross profit margin.」
The increase in procurement costs due to higher ocean freight rates for imports and the resulting decline in the gross profit margin continued to be reported as factors affecting results. - FY2018-Q1MaterialisedAnnual report
「Procurement costs increased due to higher ocean freight rates for imports from overseas to Japan, resulting in a decline in the gross profit margin.」
It was reported that higher ocean freight rates for imports led to an actual increase in procurement costs and a decline in the gross profit margin.