JAFEC USA Earnings Recovery
First written in FY2017. 10 of 30 entries say "Worsened", first in FY2019-Q2. Latest entry: 2026-08-12.
The whole theme swung hardest in 2017: 2 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedEarnings
「At the U.S. subsidiary, profit improved significantly as construction progressed smoothly on Train 4 (Section 4) of the ground improvement project for the LNG refining plant site.」
The company reported the recovery of JAFEC USA's earnings capacity through improved profit accompanying progress on construction of Section 4. - FY2026AdvancedAnnual report
「At the U.S. subsidiary, although an environmental protection project at an aging dam was lost, ground improvement work at the LNG processing plant site, Train 4 (Section 4), was ordered ahead of schedule, enabling performance to exceed plan.」
While the recovery of JAFEC USA's earnings power remains an issue, early ordering for Section 4 of the LNG project and the start of main construction in December progressed, and JAFEC USA recorded ordinary income and net income of ¥398 million each. However, revenue was below the previous fiscal year's level. - FY2026-H1WorsenedAnnual report
「At the U.S. subsidiary, ground improvement work at the LNG processing plant site, which had contributed significantly to the previous fiscal year's performance, was temporarily completed. Test construction for additional work has now ended, and detailed design and the construction plan are being prepared, with the main construction work expected to begin in December. As a result, revenue and profit declined,」
Revenue and profit at the U.S. subsidiary declined after the large-scale LNG project, which had demonstrated progress in restoring earnings power, was temporarily completed. Main construction for the additional work is expected to begin in December. - FY2025-H1AdvancedAnnual report
「At the U.S. subsidiary, ground improvement work at the site of a large-scale LNG processing plant project carried over from the previous fiscal year progressed smoothly, resulting in consolidated revenue of ¥14,437 million (up ¥3,797 million year on year) and consolidated operating income of ¥1,178 million (up ¥755 million).」
The company explains that, regarding the recovery of JAFEC USA's earnings power, consolidated revenue and operating income exceeded the previous year's levels due to the smooth progress of the carried-over large-scale project. - FY2024AdvancedAnnual report
「At the U.S. subsidiary as well, construction progressed smoothly, resulting in operating income of ¥37 million.」
While the recovery of JAFEC USA's earnings power remains an issue, smooth construction progress resulted in operating income of ¥37 million. Ordinary income and net income were also ¥35 million each. - FY2024-Q3RestatedAnnual report
「At JAFEC USA,Inc., the large-scale ground-improvement project at an LNG refining plant site, carried over from the previous fiscal year, progressed smoothly. As a result, consolidated sales were ¥16,478 million, down ¥1,109 million year on year; consolidated operating profit was ¥584 million, up ¥37 million; consolidated ordinary profit was ¥785 million, up ¥2 million; and quarterly net income attributable to owners of the parent was ¥475 million, up ¥39 million.」
The recovery of JAFEC USA's earnings power remains an ongoing issue, but the company explains that test construction for ground improvement at an LNG processing plant site narrowed the deficit and consolidated profit exceeded the previous year's level. - FY2024-Q2AdvancedAnnual report
「Meanwhile, at JAFEC USA,Inc., the U.S. subsidiary, the size of the loss was substantially reduced as work began on trial ground-improvement construction at the LNG refinery plant site, resulting in consolidated ordinary income of ¥649 million, up ¥151 million from the same quarter of the previous year, and quarterly net income attributable to owners of the parent of ¥416 million, up ¥132 million.」
As part of efforts to restore JAFEC USA's earnings power, the company began test construction for ground improvement at an LNG processing plant site and substantially narrowed the deficit. - FY2024-Q1AdvancedAnnual report
「Meanwhile, at JAFEC USA,Inc., the U.S. subsidiary, carryover projects from the previous period progressed smoothly, resulting in consolidated ordinary income of ¥389 million, up ¥174 million from the same quarter of the previous year, and quarterly net income attributable to owners of the parent of ¥274 million, up ¥165 million.」
While the recovery of JAFEC USA's earnings power remains an issue, the company reports concrete progress, with carryover construction projects from the previous fiscal year progressing smoothly and consolidated profit improving from the previous year. - FY2023WorsenedAnnual report
「At the U.S. subsidiary, construction was postponed because orders for a large-scale project were delayed, resulting in performance below plan.」
While the recovery of JAFEC USA's earnings power remains an issue, performance fell below plan due to delays in orders for a large-scale project and the postponement of construction, resulting in a loss-making operation due to lower revenue. The company also says that information indicates that projects postponed under the carbon-neutral policy are moving into full-scale operations. - FY2023-Q3RestatedAnnual report
「However, at the U.S. subsidiary JAFEC USA, Inc., construction on the planned large-scale project remained suspended for ecosystem protection. As a result, indirect costs were incurred ahead of schedule, and consolidated ordinary income was ¥783 million (up ¥41 million year on year), while quarterly net income attributable to owners of the parent was ¥436 million (up ¥8 million year on year).」
The recovery of JAFEC USA's earnings power remains an ongoing issue, and indirect costs are being incurred ahead of schedule due to the suspension of the large-scale project. Meanwhile, consolidated ordinary income and quarterly net income attributable to owners of the parent increased from the previous year. - FY2023-Q2RestatedAnnual report
「However, construction interruptions for ecosystem and environmental protection continued at JAFEC USA,Inc., the U.S. subsidiary, causing indirect costs to be incurred ahead of revenue,」
The recovery of JAFEC USA's earnings power remains an issue. Although indirect costs were incurred ahead of schedule due to the construction suspension, consolidated performance improved from the previous year. - FY2023-Q1RestatedAnnual report
「However, at the U.S. subsidiary JAFEC USA, Inc., indirect costs were incurred ahead of schedule because construction was suspended for ecosystem protection, resulting in consolidated ordinary income of ¥215 million (up ¥219 million year on year) and quarterly net income attributable to owners of the parent of ¥109 million (up ¥159 million year on year).」
The recovery of JAFEC USA's earnings power remains an issue. At the U.S. subsidiary, indirect costs were incurred ahead of schedule due to the construction suspension, but consolidated ordinary income and quarterly net income attributable to owners of the parent improved from the previous year. - FY2022WorsenedAnnual report
「At the U.S. subsidiary, the company is focusing on negotiations following changes in construction conditions, with the aim of improving profitability.」
The company continues to identify the recovery of JAFEC USA's earnings power as an issue and says it will focus on negotiations following changes in construction conditions. However, the company operated at a substantial loss during the fiscal year. - FY2022-Q3MitigatedAnnual report
「Meanwhile, at the U.S. subsidiary, construction profitability deteriorated because of work stoppages caused by natural disasters and the novel coronavirus disease, but the company reduced indirect expenses and yard costs and reviewed its staffing, maintaining its initial operating profit plan.」
The company explains that, although JAFEC USA's project profitability deteriorated, it maintained its initial operating profit plan by cutting indirect expenses and yard costs and reviewing staffing levels. - FY2022-Q2MitigatedAnnual report
「Meanwhile, at the U.S. subsidiary, construction volume remained sluggish because of work stoppages caused by natural disasters and other factors, but the company maintained its plan for profit by reducing indirect costs and other expenses.」
The company explains that, although the recovery of JAFEC USA's earnings power remains an issue, it maintained its profit plan by reducing indirect costs and other expenses. - FY2022-Q1RestatedAnnual report
「Because indirect costs and other expenses were incurred ahead of revenue at JAFEC USA,Inc., the consolidated ordinary loss was ¥4 million」
While the recovery of JAFEC USA's earnings power remains an issue, the company explains that the front-loading of indirect costs and other expenses was a factor behind the consolidated ordinary loss in the first quarter. - FY2021-Q3WorsenedAnnual report
「Meanwhile, at the U.S. subsidiary, earnings fell significantly below expectations as construction delays caused by the impact of the coronavirus disease led to higher construction overhead costs.」
While the recovery of JAFEC USA's earnings power remains an issue, earnings fell substantially below expectations due to significant delays in construction progress caused by the pandemic and an increase in construction-related indirect costs. - FY2021-Q2WorsenedAnnual report
「At the U.S. subsidiary, earnings fell significantly short of expectations due to substantial delays in construction progress and increased indirect construction costs.」
The company explains that earnings fell substantially below expectations due to significant delays in construction progress and an increase in construction-related indirect costs, while the recovery of JAFEC USA's earnings power remains an issue. - FY2021-Q1WorsenedAnnual report
「This was because JAFEC USA,Inc., the U.S. subsidiary, had no completed construction work at active sites.」
While the recovery of JAFEC USA's earnings power remains an issue, the company states that no completed construction work was recorded at active sites in the first quarter, documenting a deterioration in the situation surrounding the recovery issue. - FY2020MitigatedAnnual report
「In addition to focusing orders on profitability, reviewing its construction structure, and cutting selling, general and administrative expenses, the U.S. subsidiary also benefited from collecting previously unpaid construction payments, reducing the amount of its loss.」
The company explains that, although the recovery of JAFEC USA's earnings power remains an issue, the deficit narrowed after collection of outstanding construction payments was added to the existing improvement measures. - FY2020-Q2MitigatedAnnual report
「At the U.S. subsidiary, progress in collecting construction payments following changes in contract terms contributed to a reduction in the size of the loss.」
The company explains that, although the recovery of JAFEC USA's earnings power remains an issue, the deficit narrowed as collection of construction payments progressed following changes to the contract terms. - FY2020-Q1RestatedAnnual report
「However, partly because indirect costs and other expenses were incurred ahead of revenue due to delays in mobilizing for construction and other factors at JAFEC USA,Inc., ordinary income was ¥204 million, up ¥5 million from the same quarter of the previous year, and quarterly net income attributable to owners of the parent was ¥100 million, up ¥9 million.」
While the recovery of JAFEC USA's earnings power remains an issue, the company explains that indirect costs and other expenses were incurred ahead of schedule due to delays in mobilizing for construction projects. Consolidated ordinary income and net income increased year on year. - FY2019MitigatedAnnual report
「At the U.S. subsidiary, the company worked to narrow the deficit by focusing on profitable orders, reviewing the project execution structure and cutting general and administrative expenses.」
The company explains that, although the recovery of JAFEC USA's earnings power remains an issue, specific measures were taken to narrow the deficit. - FY2019-Q2WorsenedAnnual report
「However, because indirect costs and other expenses were incurred ahead of revenue at JAFEC USA,Inc., quarterly net income attributable to owners of the parent was a loss of ¥17 million, compared with income of ¥20 million in the same quarter of the previous year.」
While the recovery of JAFEC USA's earnings power remains an issue, the front-loading of indirect costs and other expenses resulted in a ¥17 million quarterly net loss attributable to owners of the parent for the cumulative second quarter, a deterioration from the profit recorded in the same period of the previous year. - FY2019-Q1RestatedAnnual report
「Although domestic branches recorded ordinary income of ¥198 million due to steady orders and construction progress, at the U.S. subsidiary JAFEC USA, Inc., indirect costs and other expenses were incurred ahead of schedule, resulting in」
Regarding the recovery of earnings power at the U.S. subsidiary, the company again cites the front-loading of indirect costs and other expenses as a performance factor this quarter. - FY2018RestatedAnnual report
「At the U.S. subsidiary, the company worked to reduce the size of its loss by focusing orders on profitability, reviewing its construction structure, and cutting selling, general and administrative expenses.」
The company continues to identify the recovery of JAFEC USA's earnings power as an issue and explains that it is reducing the deficit through profit-focused order-taking, a review of the project execution structure and cuts in general and administrative expenses. - FY2017First statedAnnual report
「In the 64th fiscal year, the U.S. subsidiary recorded a significant loss, making the recovery of its earnings power a key issue going forward.」
Following the substantial loss at the U.S. subsidiary, the company identified the recovery of earnings power for the first time as an issue in the group's new medium-term management plan.