Maintaining Sales of Thermal Insulation Materials for Ships Through Price Revisions
First written in FY2023-Q1. 3 of 6 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2025-H1.
The whole theme swung hardest in 2023: 2 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「In the marine-related business, construction at domestic shipyards was recovering, sales of thermal insulation materials and ancillary materials for car carriers remained strong, and efforts to pass soaring costs for various materials and transportation on to selling prices resulted in a substantial increase in revenue.」
Marine-related sales increased substantially due to the pass-through of higher material and transportation costs to selling prices and increased shipments for car carriers. - FY2024AdvancedAnnual report
「In the marine-related business, newbuilding in Japan was recovering, shipments of thermal insulation materials and ancillary materials for car carriers increased, and the company worked to pass soaring costs for various materials and transportation on to selling prices, resulting in higher revenue.」
The company explains that it passed higher material and transportation costs through to selling prices, which, together with increased shipments of insulation and auxiliary materials, led to higher sales. - FY2024-Q3RestatedAnnual report
「In the marine-related business, shipments of insulation materials and auxiliary materials increased due to construction of car carriers and other vessels, but the cost of purchased insulation materials was affected by the rapid appreciation of the euro. As costs remain elevated because of surging raw material prices and the depreciation of the yen, we will continue working to sell our products at appropriate prices.」
For marine insulation materials, the company continues to sell at appropriate prices amid both increased shipments and higher purchase prices. - FY2024-Q1RestatedAnnual report
「Shipments of insulation materials and auxiliary materials increased, and price revisions, together with shipments of insulation materials for series-built vessels, supported sales, which remained broadly flat.」
The company explains that price revisions for marine insulation and auxiliary materials and increased shipments for series-built vessels kept sales broadly flat despite difficult conditions in the new-build ship market. - FY2023-Q2AdvancedAnnual report
「In the marine-related business, newbuilding orders at domestic shipyards remained at low levels and difficult business conditions continued due to soaring prices for various materials and transportation. However, revenue and profit increased as the product range diversified and the price revisions implemented in April took effect.」
The company explains that the price revision for marine insulation materials implemented in April took hold and, together with the diversification of products sold, led to higher revenue and profit. - FY2023-Q1First statedAnnual report
「In the marine-related business, shipments of thermal insulation materials increased as construction starts continued, and revenue remained firm following price revisions.」
The company has, for the first time, identified price revisions for marine insulation materials as a standalone specific measure supporting sales and revenue.