Sourcing risk associated with dependence on production in China, South Korea and other Asian countries
First written in FY2017. 5 of 9 entries say "Materialised", first in FY2020. Latest entry: FY2027-H1.
Takihyo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 20 of 30 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2027-H1MaterialisedAnnual report
「Procurement costs rose as the use of alternative transportation such as ferries and air freight increased to avoid delays in ocean shipments caused by natural disasters」
States that delays in ocean shipments caused by natural disasters actually occurred, leading to increased use of alternative transportation such as ferries and air freight and higher procurement costs. - FY2023-Q1MaterialisedAnnual report
「We expect difficult conditions for earnings to continue due to delivery delays caused by lockdowns in China, our main production base.」
The sourcing risk associated with dependence on Asian production is actually materializing as delivery delays caused by lockdowns in China. - FY2022RestatedAnnual report
「Our group has a high degree of dependence on production in Asian regions such as China. Accordingly, if product procurement is disrupted by unexpected changes in laws or regulations, unforeseen changes in political systems or economic policies, disruption in countries or regions due to terrorism, war, natural disasters or other factors, or the spread of epidemics with a material impact, our group's results may be affected.」
Restates the sourcing risk associated with dependence on production in China and other parts of Asia. - FY2022-Q3MaterialisedAnnual report
「Sales in the apparel and textile-related business were ¥38,556 million, up 15.5% year on year. However, in addition to the decline in the gross profit margin resulting from higher raw material prices, yen depreciation, higher ocean freight rates and the shift of production to China, logistics costs and other expenses increased with higher sales, resulting in an operating loss of ¥1,261 million (operating loss of ¥905 million in the same period of the previous year).」
States that the shift of production to China, together with higher raw material prices and other factors, was reflected in actual results as a lower gross profit margin and a larger operating loss in the apparel and textile-related business. - FY2022-Q2MaterialisedAnnual report
「Capacity constraints resulting from soaring raw material prices and the need to shift production back to China due to lockdowns in ASEAN countries」
States that sourcing risk associated with dependence on Asian production actually materialized in the form of lockdowns in ASEAN countries, a renewed shift of production to China and capacity constraints. - FY2020MaterialisedAnnual report
「Following the outbreak of COVID-19 from late January, production at partner factories in China, which account for most of the company's merchandise, was suspended, causing delivery delays for spring and early-summer merchandise.」
States that the sourcing risk associated with dependence on production in China and Asia actually materialized in the form of shutdowns at Chinese contract manufacturing plants and delays in the delivery of spring and early-summer products. - FY2019RestatedAnnual report
「Our group has a high degree of dependence on production in Asian regions such as China and South Korea. Accordingly, if product procurement is disrupted by unexpected changes in laws or regulations, unforeseen changes in political systems or economic policies, disruption in countries or regions due to terrorism, war, natural disasters or other factors, or the spread of epidemics with a material impact, our group's results may be affected.」
Restates sourcing risks associated with dependence on production in Asia, including laws and regulations, political and economic conditions, disasters and infectious diseases. - FY2018RestatedAnnual report
「Our group has a high degree of dependence on production in Asian regions such as China and South Korea. Accordingly, if product procurement is disrupted by unexpected changes in laws or regulations, unforeseen changes in political systems or economic policies, disruption in countries or regions due to terrorism, war, natural disasters or other factors, or the spread of epidemics with a material impact, our group's results may be affected.」
Restates the sourcing risk associated with dependence on production in Asia. - FY2017First statedAnnual report
「Our group has a high degree of dependence on production in Asian regions such as China and South Korea. Accordingly, if product procurement is disrupted by unexpected changes in laws or regulations, unforeseen changes in political systems or economic policies, disruption in countries or regions due to terrorism, war, natural disasters or other factors, or the spread of epidemics with a material impact, our group's results may be affected.」
Identifies dependence on production in Asia as a structural sourcing risk and describes the potential effects of laws and regulations, political and economic conditions, disasters and infectious diseases.