Spin-off of the Shipbuilding Business and Focus on Gas Carriers
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3RestatedAnnual report
「Business profit was ¥39,667 million, ¥14,230 million, or 26.4%, lower than in the same quarter of the previous year, as decreases in mass-produced products such as turbochargers and in engineering outweighed the effects of structural improvements in the merchant ship and steelmaking machinery businesses, among other factors.」
While the effects of structural improvements in the merchant ship and steelmaking machinery businesses continued to be evident, business profit in the Industry & Social Infrastructure segment declined 26.4% year on year due to decreases in mass-produced products and engineering. - FY2019-Q3AdvancedAnnual report
「Business profit was ¥53,432 million, ¥11,350 million, or 27.0%, higher than in the same quarter of the previous year, owing to the increase in revenue and the effects of structural improvements in the merchant ship business, among other factors.」
The effects of structural improvements in the merchant ship business continued to contribute to higher segment profit, and business profit in the Industry & Social Infrastructure segment increased 27.0% year on year to ¥53,432 million. - FY2019-Q2AdvancedAnnual report
「Revenue was ¥898,245 million, ¥27,145 million, or 3.1%, higher than in the same quarter of the previous year, as increases in steelmaking machinery and medium-volume products outweighed decreases in chemical plants and transportation systems. Business profit was ¥30,373 million, ¥5,852 million, or 23.9%, higher, owing to the increase in revenue and the effects of structural improvements in the merchant ship business, among other factors.」
The effects of structural improvements in the merchant ship business continued to be identified as a factor behind the increase in business profit in the Industry & Social Infrastructure segment. - FY2019-Q1AdvancedAnnual report
「Business profit was ¥14,862 million, ¥2,815 million, or 23.4%, higher than in the same quarter of the previous year, owing in part to the effects of structural improvements in the merchant ship business.」
The effects of structural improvements in the shipbuilding business were disclosed as a factor behind the increase in business profit in the Industry & Social Infrastructure segment. - FY2018AchievedAnnual report
「January 2018: Mitsubishi Heavy Industries Engineering, Ltd. commenced operations Mitsubishi Shipbuilding Co., Ltd. commenced operations」
Regarding the spin-off of the ship and ocean business and other operations, Mitsubishi Shipbuilding commenced operations on 1 January 2018, completing the spin-off plan through the start of operations. - FY2018-Q3AdvancedAnnual report
「On 2 November 2017, we entered into an absorption-type company split agreement with MHI造船株式会社, a subsidiary of ours, under which the ship and ocean business and other operations conducted by us would be transferred to MHI造船株式会社 (hereinafter, “MHI造船”).」
We entered into an absorption-type company split agreement to transfer the ship and ocean business and other operations to the new company, with 1 January 2018 set as the effective date. The previous spin-off and business structure reform advanced to the specific contractual stage in preparation for establishing a new shipbuilding company responsible for outfitting-led vessel construction, cooperation with alliance partners, design licensing and new business development. - FY2017ReframedAnnual report
「In the merchant ship business, we will continue to pursue business structure reform, including alliances with other companies, while further strengthening our engineering capabilities, one of our strengths.」
In addition to the previous explanation of concentrating shipbuilding on gas carriers and improving production efficiency, greater emphasis is now being placed on strengthening engineering capabilities and business structure reform, including alliances. - FY2016First statedAnnual report
「On 1 October 2015, we launched a wholly owned shipbuilding operating company and transferred the construction of large merchant ships in the Nagasaki area to that company. By concentrating on gas carriers, our specialised vessel type, we will pursue production efficiencies through continuous construction, greater efficiency through a more compact organisation and streamlined business processes within a more agile structure, thereby strengthening cost competitiveness and contributing to the development of the merchant ship business.」
A restructuring combining the transfer to a wholly owned subsidiary, concentration on gas carriers, continuous construction and organisational streamlining.