Revenue fluctuations due to delivery schedule adjustments requested by shipowners and changes in contractual terms
First written in FY2017-Q2. 4 of 4 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2019.
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- FY2019MaterialisedAnnual report
「The group's performance for the fiscal year was affected by low-priced newbuilds being included in revenue and delivery delays at 佐世保重工業株式会社 in the Newbuildings business, a year with few large naval vessel repair projects in the Repair Vessels business, and the contraction of the Machinery business after オリイメック株式会社 was removed from the group. Revenue was ¥124,589 million, down 7.6% year on year.」
Low-priced vessels, delivery delays at 佐世保重工業株式会社, fewer large naval vessel projects and the contraction of the Machinery business actually emerged as factors behind the full-year decline in revenue. - FY2017MaterialisedAnnual report
「The performance of the corporate group for the fiscal year was affected by the fact that many of the vessels included in revenue were low-priced newbuilds, the yen generally traded stronger than in the previous fiscal year, and contract terms were changed, including delivery schedule adjustments requested by shipowners. As a result, revenue was ¥137,208 million, down 6.8% year on year.」
Changes to contract terms, including delivery schedule adjustments requested by shipowners, actually emerged as factors behind the full-year decline in revenue, together with the stronger yen and low vessel prices. - FY2017-Q3MaterialisedAnnual report
「For the cumulative third-quarter period, revenue was ¥103,841 million, down 7.3% year on year, due in part to sharp fluctuations in foreign exchange rates and changes to contractual terms, including delivery schedule adjustments at shipowners' request.」
Changes to contract terms, including delivery schedule adjustments requested by shipowners, continue to be cited alongside foreign exchange movements as factors behind the decline in revenue. - FY2017-Q2MaterialisedAnnual report
「For the cumulative second-quarter period, revenue was ¥68,166 million, down 3.9% year on year, partly because the average rate used to recognize revenue, including uncollected amounts, was ¥104.71 per US dollar due to the sharp appreciation of the yen, as well as changes to contractual terms, including delivery schedule adjustments at shipowners' request.」
Changes to contract terms, including delivery schedule adjustments requested by shipowners, are explicitly cited as a factor behind the decline in revenue.