Integrated operation of shipbuilding bases and downsizing of the offshore vessel business
First written in FY2016. 9 of 20 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「Business income improved by ¥14.7 billion from the previous fiscal year to ¥3.9 billion, despite lower workloads for domestic waste-treatment facility projects, owing to higher revenue in the energy business and from submarines for the Ministry of Defense, as well as improved equity-method income.」
The energy solutions and marine business improved from a loss in the previous fiscal year to profit of ¥3.9 billion. Although profitability issues remain at the Sakaide Plant and elsewhere, the disclosure cites improvements in equity-method income and energy and defense projects. - FY2022WorsenedAnnual report
「This relates to assets at the Sakaide Plant of our energy solutions and marine company, whose profitability declined in light of the current market environment.」
A full-year impairment loss on fixed assets of ¥715 million was recorded in the energy solutions and marine business, including the Sakaide Plant. - FY2022-Q3WorsenedAnnual report
「An impairment loss on fixed assets was recorded in the “Energy Solutions & Marine” segment. The impairment loss recorded for the cumulative third quarter of the current consolidated fiscal year was ¥295 million.」
Impairment losses on fixed assets continued to be recorded in the energy solutions and marine segment, totaling ¥295 million for the cumulative third quarter. - FY2022-Q2WorsenedAnnual report
「An impairment loss on fixed assets was recorded in the “Energy Solutions & Marine” segment. The impairment loss recorded for the cumulative second quarter of the current consolidated fiscal year was ¥223 million.」
An impairment loss on fixed assets of ¥223 million was recorded in the energy solutions and marine segment. Although this was down from ¥3.916 billion in the previous corresponding period, impairment losses related to lower profitability in the business continued to be recorded. - FY2022-Q1WorsenedAnnual report
「An impairment loss on fixed assets was recorded in the energy solutions and marine segment. The impairment loss recorded for the cumulative first quarter of the current consolidated fiscal year was ¥76 million.」
An impairment loss of ¥76 million was recorded on assets related to the Sakaide Plant in the energy solutions and marine segment, owing to lower profitability. - FY2021-Q3WorsenedAnnual report
「An impairment loss on fixed assets was recorded in the ships and marine segment. The impairment loss recorded for the cumulative third quarter of the current consolidated fiscal year was ¥3.948 billion.」
An impairment loss on fixed assets was recorded in the ships and marine segment, including the Sakaide Plant. The impairment loss increased from ¥3.916 billion in the cumulative previous quarter to ¥3.948 billion. - FY2021-Q2WorsenedAnnual report
「This relates to assets at the Sakaide Plant of our ships and marine company, whose profitability declined in light of the current market environment. The impairment loss recorded for the cumulative second quarter of the current consolidated fiscal year was ¥3.916 billion.」
An impairment loss of ¥3.916 billion was recorded on assets at the Sakaide Plant of the ships and marine company, owing to lower profitability in light of the market environment. - FY2021-Q1RestatedAnnual report
「Operating income was an operating loss of ¥400 million, roughly in line with the previous corresponding period.」
The ships and marine business posted an operating loss of ¥400 million, roughly in line with the previous corresponding period. Although opportunities exist from demand for gas-fuelled vessels driven by environmental regulations, the business environment remains challenging owing to stalled negotiations resulting from the spread of COVID-19. - FY2020-Q3WorsenedAnnual report
「Operating income deteriorated by ¥3.5 billion year on year to an operating loss of ¥700 million, owing mainly to lower revenue from newbuild vessels and an operating variance loss.」
The ships and marine business deteriorated by ¥3.5 billion year on year, with the operating loss reaching ¥700 million, owing to lower revenue from newbuild vessels and an operating variance loss. - FY2020-Q2WorsenedAnnual report
「Operating income deteriorated by ¥2.7 billion year on year to an operating loss of ¥1.4 billion, owing mainly to lower revenue from newbuild vessels and an operating variance loss.」
The ships and marine business deteriorated by ¥2.7 billion year on year, with the operating loss reaching ¥1.4 billion, owing to lower revenue from newbuild vessels and an operating variance loss. - FY2020-Q1WorsenedAnnual report
「Operating income deteriorated by ¥1.7 billion year on year to an operating loss of ¥300 million, owing mainly to lower revenue from newbuild vessels and an operating variance loss.」
The ships and marine business deteriorated from operating income in the previous corresponding period to an operating loss, owing to lower revenue from newbuild vessels and an operating variance loss. - FY2019AdvancedAnnual report
「Despite lower revenue, operating income improved by ¥4.9 billion year on year to ¥1 billion, owing mainly to improved construction costs.」
The ships and marine business turned to full-year operating income of ¥1 billion, despite the cancellation of the offshore work vessel contract, owing to submarine orders from the Ministry of Defense and improved construction costs. - FY2019-Q3AdvancedAnnual report
「Consolidated orders increased by ¥67.7 billion year on year to ¥65.2 billion, owing mainly to an order for a submarine for the Ministry of Defense. Revenue decreased by ¥6.9 billion to ¥63 billion, owing to changes in the sales mix of LNG and LPG carriers, among other factors. Despite lower revenue, operating income improved by ¥7.1 billion year on year to ¥2.8 billion, owing mainly to improved construction costs.」
The business received an order for a submarine for the Ministry of Defense, and improved construction costs lifted operating income from the previous corresponding period's loss to ¥2.8 billion. - FY2019-Q2AdvancedAnnual report
「Despite lower revenue, operating income improved by ¥6.4 billion year on year to ¥1.2 billion, owing mainly to improved construction costs.」
The ships and marine business maintained operating profitability, with operating income improving by ¥6.4 billion year on year despite lower revenue, owing to improved construction costs. The business also received an order for an LNG bunkering vessel. - FY2019-Q1AdvancedAnnual report
「Operating income improved by ¥4.2 billion year on year to ¥1.3 billion, owing to higher revenue and improved construction costs, among other factors.」
The ships and marine business turned from an operating loss to operating income of ¥1.3 billion, driven by higher revenue and improved construction costs. - FY2018-Q3AdvancedAnnual report
「Consolidated orders decreased by ¥31.2 billion year on year to negative ¥2.4 billion, despite orders for LPG carriers and hydrofoil vessels, owing to the mutually agreed cancellation of a shipbuilding contract for an offshore work vessel, compared with the previous corresponding period, when a submarine order was received.」
There was concrete progress toward the mutually agreed cancellation of the shipbuilding contract for the offshore work vessel, and orders in the ships and marine business totaled negative ¥2.4 billion. - FY2018-Q2AdvancedAnnual report
「Consolidated orders increased by ¥7.7 billion year on year to ¥16.3 billion, owing to orders for LPG carriers and hydrofoil vessels. Consolidated revenue decreased by ¥6.5 billion to ¥45 billion, owing to lower workloads for repair vessels. Operating income improved by ¥11.2 billion year on year to an operating loss of ¥5.1 billion, compared with the previous corresponding period, which included additional provisions for doubtful accounts and increased provisions for losses on construction contracts.」
Orders for LPG carriers and hydrofoil vessels increased, and the operating loss improved by ¥11.2 billion year on year. However, an operating loss of ¥5.1 billion remained. - FY2018-Q1Increase in orders and deterioration in earnings in the ships and marine businessAnnual report
「Consolidated orders increased by ¥11 billion year on year to ¥13.3 billion, owing to orders for LPG carriers and hydrofoil vessels. Consolidated revenue decreased by ¥11.4 billion to ¥19.7 billion, owing mainly to lower workloads for LPG carriers and repair vessels. Operating income deteriorated by ¥3.4 billion year on year to an operating loss of ¥2.8 billion, owing to lower revenue, higher construction costs and the absence of the reversal of an allowance for doubtful accounts recorded in the previous corresponding period.」
Although orders for LPG carriers and hydrofoil vessels increased, the operating loss widened owing to lower workloads and higher construction costs. - FY2017-Q3Deterioration in the earnings of the ships and marine businessAnnual report
「Operating income deteriorated by ¥11.2 billion year on year to an operating loss of ¥13.8 billion, owing mainly to an additional allowance for doubtful accounts on trade receivables from a local Brazilian joint venture and an increase in provisions for losses on construction contracts due to the stronger yen and higher costs.」
The ships and marine business's operating loss deteriorated by ¥11.2 billion year on year to ¥13.8 billion. - FY2016First statedAnnual report
「Maximising earnings through the integrated operation of the Sakaide Plant, Nantong COSCO KHI Ship Engineering Co., Ltd. and Dalian COSCO KHI Ship Engineering Co., Ltd.; stable operation of the Kobe Plant, focused mainly on submarine-related activities; and downsizing of the offshore vessel business」
Policy of allocating roles among shipbuilding sites and downsizing the business scope.