Slump in the marine business due to declining demand for newbuild vessels
First written in FY2017-Q1. 14 of 30 entries say "Mitigated", first in FY2018-Q2. Latest entry: 2026-08-06.
The whole theme swung hardest in 2020: 5 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- 2026-08-06RestatedRevisions to earnings forecasts
「This business maintained strong performance, led by demand for newbuild vessels, and segment net sales rose 13.8% year on year to ¥5.469 billion.」
The continued strength of newbuild vessel demand was noted, indicating that the impact of demand-decline risks remained limited. - FY2026MitigatedAnnual report
「This business maintained strong demand for both newbuild vessels and repairs, and segment net sales rose 7.9% year on year to ¥19.479 billion.」
Demand for newbuild vessels and repairs remained strong, and the marine business reported higher revenue, further weakening the impact of lower newbuild vessel demand. - 2026-05-13MitigatedRevisions to earnings forecasts
「This business maintained strong demand for both newbuild vessels and repairs, and segment net sales rose 7.9% year on year to ¥19.479 billion.」
Strong demand for newbuild vessels and repairs continued, reducing the risk of weakness in the marine equipment business. - FY2026-H1MitigatedAnnual report
「Demand for both newbuild vessels and repairs remained strong, and segment revenue was ¥9,483 million, up 11.0% year on year.」
Demand for both newbuild vessels and repairs remained strong, and the marine business reported higher revenue, weakening the impact of lower newbuild vessel demand. - FY2024MitigatedAnnual report
「Due to increased demand for newbuild vessels, segment revenue was ¥14,984 million, up 10.6% year on year, and operating profit was ¥3,374 million, up 1.4%.」
An increase in previously sluggish newbuild vessel demand was reported, and the marine business recorded higher revenue and earnings. - FY2024-Q3RestatedAnnual report
「Although repair demand in Europe declined, increased demand for newbuild vessels in Japan, China and South Korea resulted in segment revenue of ¥11,052 million, up 11.2% year on year, and operating profit of ¥2,248 million, up 2.2%.」
Although the increase in newbuild vessel demand continued, the decline in repair demand in Europe was also reported, leaving both positive and negative factors in the demand environment for the marine business. - FY2024-Q2MitigatedAnnual report
「As demand for newbuild vessels in China increased and repair demand in Europe continued, segment revenue was ¥7,311 million, up 12.2% year on year, and operating profit was ¥1,558 million, up 3.8%.」
As demand for newbuild vessels in China increased and repair demand in Europe continued, the marine business reported higher revenue and earnings, further weakening the impact of lower newbuild vessel demand. - FY2024-Q1MitigatedAnnual report
「As demand for newbuild vessels in China increased and repair demand in Europe continued, segment revenue was ¥3,598 million, up 9.9% year on year, and operating profit was ¥839 million, down 3.0%.」
Demand for newbuild vessels in China increased, and the marine business reported higher revenue, weakening the impact of lower newbuild vessel demand. - FY2023-Q3MitigatedAnnual report
「As the newbuild vessel markets for China and South Korea remained strong and demand for repair parts increased in Europe, segment revenue was ¥9,940 million, up 18.6% year on year, and operating profit was ¥2,201 million, up 34.8%.」
The strength of the newbuild vessel markets for China and South Korea and increased demand for repair parts in Europe resulted in higher revenue and earnings, further weakening the impact of lower newbuild vessel demand. - FY2023-Q2MitigatedAnnual report
「As the newbuild vessel markets for China and South Korea remained strong and demand for repair parts increased in Japan and Europe, segment revenue was ¥6,517 million, up 23.0% year on year, and operating profit was ¥1,501 million, up 55.7%.」
The recovery in demand for both newbuild vessels and repair parts continued, and the marine business reported higher revenue and earnings, further weakening the risk of declining newbuild vessel demand. - FY2022WorsenedAnnual report
「In fiscal 2022, a decline in newbuild vessel projects from the previous year and a downturn in regular repair demand are expected.」
Although a recovery in the newbuild vessel markets in China and South Korea was reported for the current year, a decline in newbuild vessel projects is expected for the following year, and the risk associated with newbuild vessel demand has strengthened again. - FY2022-Q3MitigatedAnnual report
「As the newbuild vessel markets in China and South Korea recovered and demand for repair parts increased in Europe and Southeast Asia, segment revenue was ¥8,382 million, up 6.3% year on year, and operating profit was ¥1,633 million, up 12.9%.」
The previously sluggish newbuild vessel markets recovered in China and South Korea, while demand for repair parts also increased in Europe and Southeast Asia, weakening the risk of declining demand in the marine business. - FY2022-Q1RestatedAnnual report
「Due to sluggish demand for newbuild vessels, segment revenue was ¥2,715 million, down 1.0% year on year. Operating profit was ¥524 million, up 2.0%.」
Sluggish demand for newbuild vessels continues to be reported. Operating profit, however, increased year on year, and no further deterioration in the impact of weak demand on earnings was indicated. - FY2021-Q2RestatedAnnual report
「Although sales of repair parts declined, improved margins on sales for newbuild vessels and other factors resulted in segment revenue of ¥5,306 million, unchanged year on year, and operating profit of ¥844 million, up 51.9%.」
Although a decline in repair parts was reported, no clear recovery or deterioration in newbuild vessel demand itself was indicated. Revenue was roughly unchanged year on year, while operating profit increased due to improved margins. - FY2021-Q1MitigatedAnnual report
「In addition to the smooth shipment of previously booked newbuild vessels, demand for repair parts also increased. As a result, segment revenue was ¥2,744 million, up 3.4% year on year, and operating profit was ¥514 million, up 150.6%.」
The marine business, which had been sluggish, reported higher revenue and earnings as previously booked vessels were shipped and demand for repair parts increased. The impact of lower newbuild vessel demand is weakening. - FY2020MitigatedAnnual report
「In addition to the recovery in demand for repair parts, demand for new ships also entered a gradual recovery trend. As a result, segment revenue was ¥10,900 million, up 11.6% year on year, and operating profit was ¥1,544 million, up 19.6%.」
Demand for newbuild vessels has entered a gradual recovery trend, and together with the recovery in demand for repair parts, this has led to higher revenue and earnings for the full year. The risk of a decline in demand has weakened further. - FY2020-Q3MitigatedAnnual report
「In addition to the recovery in demand for repair parts, demand for new ships also entered a gradual recovery trend. As a result, segment revenue was ¥8,122 million, up 15.5% year on year, and operating profit was ¥985 million, up 81.6%.」
Demand for new ships, which had been weak, entered a gradual recovery trend, contributing to higher revenue and operating profit together with the recovery in demand for repair parts. - FY2020-Q2MitigatedAnnual report
「Demand for new ships bottomed out and repair parts returned to a gradual recovery trend. As a result, segment revenue was ¥5,304 million, up 13.3% year on year, and operating profit was ¥555 million, up 40.3%.」
Demand for new ships bottomed out and repair parts returned to a recovery trend, indicating that the risk of weak demand has eased from the previous quarter. - FY2020-Q1RestatedAnnual report
「Although demand for new ships remained weak, repair parts were on a gradual recovery trend」
While demand for new ships remained weak, repair parts were described as being on a gradual recovery trend, with no material change in the demand environment for the marine equipment business. - FY2019RestatedAnnual report
「Although repair parts were on a recovery trend, segment revenue was ¥9,765 million, down 6.6% year on year, as demand for new ships remained at a low level.」
While a recovery trend in repair parts is indicated, demand for new ships remains low, confirming continued weakness in demand in the marine equipment business on a full-year basis. - FY2019-Q3RestatedAnnual report
「As demand for new ships remained sluggish, segment revenue was ¥7,035 million, down 11.4% year on year. Operating profit was ¥542 million, up 6.6% year on year, due to the product mix and other factors.」
Weak demand for new ships continues to be cited. Meanwhile, operating profit increased due to the product mix and other factors, with no new deterioration indicated in the assessment of weak demand itself. - FY2019-Q2RestatedAnnual report
「As demand for new ships remained sluggish, segment revenue was ¥4,683 million, down 14.2% year on year.」
Weak demand for new ships continues to be cited. Although revenue declined, operating profit increased 38.4% year on year due to the product mix and other factors, with no new deterioration indicated in the assessment of weak demand itself. - FY2019-Q1WorsenedAnnual report
「Demand for new ships remained sluggish, while demand for repairs was weak in Europe. As a result, segment revenue was ¥2,424 million, down 19.2% year on year, and operating profit was ¥208 million, down 44.8%.」
In contrast to the signs of bottoming-out in demand for new ships and the recovery in demand for repairs seen through the previous quarter, demand for new ships remained sluggish and demand for repairs in Europe was weak. Revenue and operating profit also declined year on year, indicating a deterioration in the weakness of demand in the marine equipment business. - FY2018-Q3RestatedAnnual report
「Demand for new ships showed signs of bottoming out, while demand for repairs recovered in Europe and Southeast Asia despite uneven conditions. As a result, segment revenue was ¥7,938 million, up 4.5% year on year, and operating profit was ¥508 million, up 604.6%.」
Signs that demand for new ships has bottomed out and a recovery in demand for repairs continue to be cited, with no material deterioration in the risk of declining demand in the marine equipment business. Meanwhile, demand for repairs is still described as uneven. - FY2018-Q2MitigatedAnnual report
「Demand for new ships showed signs of bottoming out, while demand for repairs also recovered. As a result, segment revenue was ¥5,460 million, up 5.2% year on year, and operating profit was ¥286 million, up 334.6%.」
It is stated that demand for new ships, which had previously been sluggish, showed signs of bottoming out and that demand for repairs recovered, indicating that the risk of declining demand in the marine equipment business has eased. - FY2018-Q1RestatedAnnual report
「Demand for new ships remained sluggish, but demand for repairs showed signs of recovery. As a result, segment revenue was ¥3,001 million, up 12.6% year on year, and operating profit was ¥377 million, up 205.7%.」
Weak demand for new ships continues to be cited, and demand risk in the existing marine equipment business remains. Meanwhile, demand for repairs showed signs of recovery. - FY2017RestatedAnnual report
「Demand for new ships declined amid a downturn in shipbuilding, while demand for repair parts also fell substantially. As a result, segment revenue was ¥10,594 million, down 23.7% year on year, and operating profit was ¥334 million, down 87.5%.」
The substantial declines in demand for new ships and repair parts were also reflected in full-year results and continue to be identified as factors behind lower revenue and profit in the marine equipment business. - FY2017-Q3WorsenedAnnual report
「As economic conditions deteriorated, demand for new ships declined and demand for repair parts also fell substantially. As a result, segment revenue was ¥7,599 million, down 33.0% year on year, and operating profit was ¥72 million, down 97.2%.」
The declines in demand for new ships and repair parts continued, and the year-on-year decline in operating profit widened from 96.7% for the six months ended the second quarter to 97.2%. - FY2017-Q2WorsenedAnnual report
「As economic conditions deteriorated, demand for new ships declined and demand for repair parts also fell substantially. As a result, segment revenue was ¥5,188 million, down 33.0% year on year, and operating profit was ¥65 million, down 96.7%.」
The declines in demand for new ships and repair parts continued, with revenue down 33.0% year on year and operating profit down 96.7%. The decline was even more severe than that reported in the previous quarter. - FY2017-Q1MaterialisedAnnual report
「The marine equipment business was affected by lower demand for new ships as economic conditions deteriorated and a substantial decline in demand for repair parts associated with new marine regulations. As a result, segment revenue was ¥2,666 million, down 31.3% year on year, and operating profit was ¥123 million, down 86.0%.」
The deterioration in economic conditions and lower demand for new ships have materialized as substantial declines in marine equipment revenue and operating profit.