JAFEC USA: Focus on Profitability, Review of Construction Structure, and Reduction of General and Administrative Expenses
First written in FY2018. 9 of 13 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-08-12.
3 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedEarnings
「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 progress on a major construction project related to improved profitability at JAFEC USA. - FY2026-H1AdvancedAnnual report
「Trial construction for the additional work has now been completed, and detailed design and preparation of the construction plan are under way. Full-scale construction is expected to begin in December.」
For the LNG project related to improving JAFEC USA’s earnings, the Company completed test construction for additional work and proceeded to prepare detailed designs and a construction plan. - FY2025-H1AdvancedAnnual report
「At the U.S. subsidiary, ground-improvement work at an LNG refining plant site, a large project carried over from the prior fiscal year, progressed steadily,」
The Company explains, in connection with specific measures to improve JAFEC USA’s profitability, that ground-improvement work at an LNG refining plant site progressed steadily. - FY2024AdvancedAnnual report
「At the U.S. subsidiary as well, construction progressed smoothly, resulting in operating income of ¥37 million.」
Construction progress toward improving JAFEC USA’s profitability advanced, and the Company posted operating income of ¥37 million. It also disclosed steady progress on ground-improvement work at an LNG refining plant site and the start of dam construction. - FY2024-Q3RestatedAnnual report
「Meanwhile, at JAFEC USA,Inc., the U.S. subsidiary, the amount of the loss declined because of test construction for the ground improvement project at an LNG processing plant site,」
The Company continues to explain that JAFEC USA’s loss was reduced through test construction for ground improvement at an LNG refining plant site. - 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.」
JAFEC USA’s loss was substantially reduced after it began test construction for ground improvement at an LNG terminal site. This is described as specific progress toward improving profitability. - FY2022RestatedAnnual report
「However, at the U.S. subsidiary, the company worked to cut expenses in anticipation of a significant decline in revenue, but nevertheless operated at a substantial loss.」
JAFEC USA continued to reduce expenses, but recorded a substantial loss following a sharp decline in revenue. - FY2022-Q3AdvancedAnnual 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 describes specific progress in implementing reductions in indirect expenses and yard costs and reviewing staffing, in addition to its previous improvement measures, while maintaining its initial operating income plan despite deteriorating project profitability. - FY2022-Q2AdvancedAnnual 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 describes specific progress at JAFEC USA, including reductions in indirect costs and other expenses in addition to its previous improvement measures, while maintaining its operating income plan despite sluggish construction volume. - FY2020AdvancedAnnual 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.」
In addition to its previous measures of profitable order-taking, reviewing construction operations, and reducing general and administrative expenses, the Company cites the collection of outstanding construction payments as an improvement measure and reports specific progress in reducing the loss. - FY2020-Q2AdvancedAnnual 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 describes progress in recovering construction payments as a specific measure to improve JAFEC USA, following changes to contractual terms. - FY2019RestatedAnnual 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 continues to pursue measures to improve JAFEC USA, including profitable order-taking, a review of construction operations, and reductions in general and administrative expenses. - FY2018First statedAnnual report
「The U.S. subsidiary will continue working to improve performance this fiscal year through order-taking focused on profitability and other measures. Meanwhile, the U.S. subsidiary worked to narrow its loss through profitable order-taking, a review of its construction operations, and reductions in general and administrative expenses.」
For the recovery of JAFEC USA’s earning power, the Company for the first time presents in a consolidated manner specific measures consisting of profitable order-taking, a review of construction operations, and reductions in general and administrative expenses.