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Nitori Holdings (9843) · RiskMitigated

Rising logistics costs due to labor shortages

First written in FY2017-Q1. 12 of 33 entries say "Restated". Latest entry: 2026-08-07.

33entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q3MitigatedFY2023-Q2 – 2026-08-072016: 320162017: 320172018: 420182019: 420192020: 420202021: 320212022: 220222023: 120232024: 320242025: 220252026: 42026
Same theme, other companies
Pressure on Profitability and Sales Costs from Rising Logistics CostsA theme 41 companies write about · 42 as a headwind · 0 as a tailwind

Nitori Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).

The whole theme swung hardest in 2022: 10 of 22 companies on the "Worse" side.

8 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 41 companies compared. The sentences above are computed from all 41.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-07MitigatedResults

    「販売費及び一般管理費につきましては、物流経費の減少などにより前年同期を下回りました。主に、配送体制の適正化を進めたことによるものです。」

    物流コスト上昇への対応に関連して、配送体制の適正化による物流経費減少を記載している。
  2. FY2026MitigatedAnnual report

    「As the optimal placement of these distribution centers and the consolidation of their functions have largely progressed, the logistics expense ratio is expected to peak during the current consolidated fiscal year.」

    In response to rising logistics costs and labor constraints, the company is pursuing the optimal placement of distribution centers and the consolidation of their functions, and expects its logistics expense ratio to peak in the current fiscal year.
  3. FY2027-H1MitigatedAnnual report

    「Partial operations began at the Fukuoka Distribution Center, with a total floor area of 66,566 tsubo, in May. As the development of the optimal placement and functional consolidation of distribution center bases has largely progressed, the logistics expense ratio is expected to peak out during the consolidated fiscal year.」

    In response to rising logistics costs, the company is progressing with the partial operation of the Fukuoka distribution center and the consolidation of distribution center functions, and expects its logistics expense ratio to peak in the current fiscal year.
  4. FY2025MitigatedAnnual report

    「株式会社ホームロジスティクス and EDION Corporation began collaborating on joint delivery of household appliances transported along the main route from Kawasaki to Sendai, with the aim of improving both companies’ logistics efficiency and reducing environmental impact. The companies have also begun operating double-trailer trucks for long-distance transportation between delivery centers to address driver shortages under the logistics “2024 problem,” reduce environmental impact and improve logistics efficiency.」

    In response to labor shortages and rising logistics costs, the company has begun joint deliveries with EDION and operations using double-trailer trucks.
  5. FY2026-H1MitigatedAnnual report

    「To address driver shortages under the logistics “2024 problem,” reduce environmental impact and improve logistics efficiency, the company began operating double-trailer trucks for long-distance transportation between delivery centers.」

    To address driver shortages and rising logistics costs, the company began operating double-trailer trucks to improve transportation efficiency and reduce its environmental impact.
  6. FY2024MitigatedAnnual report

    「With respect to selling, general and administrative expenses, we worked to control expenses by reducing shipping and delivery costs through the in-house operation of logistics and the relocation of facilities.」

    It continues to pursue measures to reduce shipping and delivery expenses by bringing logistics operations in-house and relocating logistics facilities in response to labor shortages and rising logistics costs.
  7. FY2024-Q4MitigatedAnnual report

    「The company is also taking measures to address the so-called “2024 problem,” combining the expansion of domestic container transportation and its own logistics network handling last-mile delivery with relay transportation, modal shifts, reviews of delivery frequency and changes to loading and unloading times.」

    In response to rising logistics costs and constraints on transportation personnel, the company is pursuing a combination of measures including in-house container transportation, last-mile logistics, relay transportation, modal shifts, and reviews of delivery frequency and loading and unloading times.
  8. FY2024-Q2MitigatedAnnual report

    「With respect to selling, general and administrative expenses, we worked to control expenses by reducing shipping and delivery costs through the in-house operation of logistics and the relocation of facilities.」

    It states that shipping and delivery expenses were reduced by bringing logistics operations in-house and relocating logistics facilities in response to labor shortages and rising logistics costs.
  9. FY2023-Q2MitigatedAnnual report

    「As part of its efforts to control expenses, the company reduced shipping and delivery expenses through logistics efficiency improvements.」

    It states that shipping and delivery expenses were reduced through logistics efficiency improvements in response to labor shortages and rising logistics costs.
  10. FY2022WorsenedAnnual report

    「The challenging business environment has continued owing to rising logistics costs resulting from the global container shortage, soaring ocean freight rates and other factors.」

    In addition to driver shortages and rising wages, it explicitly identifies higher logistics costs caused by the container shortage and soaring ocean freight rates, indicating an expansion of risk factors.
  11. FY2022-Q3RestatedAnnual report

    「The furniture and interior products industry continues to face a challenging operating environment owing to intensifying competition across industries and business formats, soaring labor costs caused by labor shortages, and rising logistics costs.」

    It states that higher labor costs and logistics costs resulting from labor shortages, together with intensifying sales competition, continue.
  12. FY2022-Q2RestatedAnnual report

    「The furniture and interior products industry continues to face a challenging operating environment owing to intensifying competition across industries and business formats, soaring labor costs caused by labor shortages, and rising logistics costs.」

    It states that higher labor costs and logistics costs resulting from labor shortages, together with intensifying sales competition, continue to occur.
  13. FY2022-Q1RestatedAnnual report

    「The challenging business environment has continued owing to intensifying competition across industry and business-format boundaries, soaring labor costs resulting from labor shortages, rising logistics costs and other factors.」

    It describes higher labor costs and logistics costs resulting from labor shortages, together with intensifying sales competition, as ongoing challenges in the business environment.
  14. FY2021-Q3MaterialisedAnnual report

    「Strong sales on the e-commerce site led to a substantial increase in mail-order shipments, resulting in higher shipping and delivery expenses and outsourcing expenses related to product shipment operations.」

    It states that the increase in shipping and delivery expenses and outsourcing expenses accompanying higher e-commerce shipment volumes constituted an actual increase in expenses.
  15. FY2021-Q2MaterialisedAnnual report

    「Selling, general and administrative expenses increased as the rise in mail-order shipments drove up shipping and delivery expenses and outsourcing expenses. However, owing to the impact of the state of emergency, the proportions of rent and advertising expenses declined substantially due to temporary store closures and shortened operating hours.」

    It states that the increase in shipping and delivery expenses and outsourcing expenses resulting from higher e-commerce shipment volumes constituted an actual increase in expenses.
  16. FY2021-Q1RestatedAnnual report

    「The furniture and interior goods industry has likewise seen increased demand for furniture and interior goods owing to stay-at-home consumption, as people spend more time at home due to requests to refrain from going out and the promotion of telework. However, a decline in customer visits due to restrictions on going out, intensifying competition across business formats, soaring labor costs and rising logistics costs are expected to continue.」

    It continues to describe soaring labor costs and rising logistics costs, together with fewer customer visits due to restrictions on going out and intensifying sales competition, as challenges in the industry environment.
  17. FY2020MaterialisedAnnual report

    「Selling, general and administrative expenses increased because shipping and delivery expenses rose owing to labor shortages and rising wages in the logistics industry, while expenses for display fixtures and other items increased because 25 existing stores underwent full renovations in the current consolidated fiscal year, compared with 7 stores in the previous consolidated fiscal year.」

    Shipping and delivery expenses continued to rise against a backdrop of labor shortages and rising wages in the logistics industry, becoming an actual factor behind the increase in selling, general and administrative expenses.
  18. FY2020-Q3MaterialisedAnnual report

    「In addition, selling, general and administrative expenses increased because outsourcing expenses and shipping and delivery expenses rose owing to labor shortages and rising wages in the logistics industry.」

    It states that outsourcing expenses and shipping and delivery expenses increased during the cumulative period of the quarter as a result of labor shortages and rising wages in the logistics industry.
  19. FY2020-Q2MaterialisedAnnual report

    「Selling, general and administrative expenses increased due to higher shipping and delivery costs resulting from labour shortages and wage increases in the logistics industry, among other factors, and higher costs for display fixtures and other items because we carried out planned refurbishments at 15 existing stores during the six-month period ended 30 September, compared with 6 stores in the same period of the previous year.」

    It explicitly identifies the increase in shipping and delivery expenses resulting from labor shortages and rising wages in the logistics industry as a factor behind the increase in selling, general and administrative expenses in the quarter.
  20. FY2020-Q1MaterialisedAnnual report

    「Selling, general and administrative expenses were broadly in line with the plan. Shipping and delivery expenses increased owing to labor shortages and rising wages in the logistics industry, while advertising expenses declined as advertising shifted from print media to web media, among other factors.」

    It states that shipping and delivery expenses increased in the quarter as a result of labor shortages and rising wages in the logistics industry.
  21. FY2019RestatedAnnual report

    「Selling, general and administrative expenses increased due to labor costs and rent associated with new store openings, as well as higher wages in the logistics industry, which increased shipping and delivery expenses, but」

    It continues to describe the increase in shipping and delivery expenses resulting from higher wages in the logistics industry and other factors as a cost-related challenge.
  22. FY2019-Q3MaterialisedAnnual report

    「Selling, general and administrative expenses were broadly in line with the plan. Shipping and delivery expenses rose owing to tight labor supply and demand and rising wages in the logistics industry, while expenses for display fixtures, equipment, and consumable supplies declined compared with the same period of the previous year, when the company was actively renovating existing stores.」

    It states that higher shipping and delivery expenses, driven by tight labor supply and demand and rising wages in the logistics industry, resulted in an actual increase in expenses.
  23. FY2019-Q2RestatedAnnual report

    「The furniture and interior goods industry has likewise continued to face a challenging business environment, owing to intensifying competition across business formats, soaring labor costs, rising logistics costs and other factors.」

    It states that a challenging industry environment, including soaring labor costs and rising logistics costs, continues to exist.
  24. FY2019-Q1RestatedAnnual report

    「The furniture and interior products industry continues to face a challenging operating environment, owing mainly to intensifying competition across business formats, soaring labor costs and rising logistics costs.」

    It continues to describe a challenging industry environment, including soaring labor costs and rising logistics costs.
  25. FY2018WorsenedAnnual report

    「As logistics costs trend upward due to soaring shipping and delivery expenses,」

    The company explicitly identifies rising logistics costs and states that shipping and delivery expenses increased from ¥23.685 billion in the previous fiscal year to ¥26.448 billion in the current fiscal year.
  26. FY2018-Q3RestatedAnnual report

    「The furniture and interior products industry also continues to face a challenging operating environment, owing mainly to intensifying competition across business formats and rising logistics costs.」

    Rising logistics costs continue to be cited as a factor contributing to the challenging operating environment.
  27. FY2018-Q2RestatedAnnual report

    「The furniture and interior products industry also continues to face a challenging operating environment, owing mainly to intensifying competition across business formats and rising logistics costs.」

    Intensifying sales competition and rising logistics costs continue to be cited as factors contributing to the challenging operating environment.
  28. FY2018-Q1RestatedAnnual report

    「The furniture and interior products industry also continues to face a challenging operating environment, owing mainly to intensifying competition across business formats, soaring labor costs and rising logistics costs.」

    Rising logistics costs continue to be cited as a factor contributing to the challenging operating environment.
  29. FY2017-Q3RestatedAnnual report

    「The furniture and interior products industry also continues to face a challenging operating environment, owing mainly to intensifying competition across business formats and rising logistics costs.」

    The company continues to recognize the challenging operating environment, including rising logistics costs, as an issue.
  30. FY2017-Q2RestatedAnnual report

    「The company is focusing on reducing logistics costs, which have risen in recent years due to a shortage of drivers.」

    The company continues to recognize rising logistics costs caused by a shortage of drivers as a challenge and is working to reduce them.
  31. FY2017-Q1First statedAnnual report

    「The company is taking measures to address rising logistics costs caused by labor shortages.」

    Rising logistics costs caused by labor shortages are described as an existing condition and as the reason for implementing automation measures.
Moved together

"Building the Foundation for the Global Stage" moved the same way as this thread, in the same document, in 12 of its 33 moves.

12111010109★123456
  1. ★This thread
  2. 1Building the Foundation for the Global Stage12×
  3. 2Circular initiatives aimed at product collection and recycling11×
  4. 3Overall optimization through vertical merchandising10×
  5. 4Urban store openings, market-area dominance and shopping mall expansion10×
  6. 5Expansion of the business scope through the acquisition of Shima忠 as a wholly owned subsidiary and business integration10×
  7. 6TCFD Support and Greenhouse Gas Reduction Targets9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nitori Holdings's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-08-07: "Mitigated".
News
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Rising logistics costs due to labor shortages | Nitori Holdings Co.,Ltd. (9843) | Komori