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Namura Shipbuilding (7014) · PolicyAdvanced

Responding to Market Changes Through a Product Mix of Multiple Vessel Types

First written in FY2017-Q1. 27 of 34 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-08-06.

34entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2018-Q2 – FY2021-Q2AdvancedFY2022-Q1 – FY20252016: 220162017: 320172018: 420182019: 420192020: 320202021: 420212022: 320222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Expanding the Marine Transportation Earnings Base through Vessel DiversificationA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06AdvancedEarnings

    「The transition from a production structure centered on handy-size bulk carriers to a product-mix structure featuring large bulk carriers as the main product proceeded smoothly.」

    The transition to a product-mix structure featuring large bulk carriers as the main product proceeded smoothly. The company completed 4 handy-size bulk carriers and received orders for 6 large bulk carriers.
  2. FY2026AdvancedAnnual report

    「The current consolidated fiscal year was the first year of the gradual transition in the newbuilding business from the Group's traditional core product, handy-size bulk carriers, to a product-mix structure that also builds large bulk carriers and other vessels, and progress was on track,」

    As the first year of the transition from a handy-size-centred structure to a product-mix structure incorporating large bulk carriers, progress was on track. The company received orders for 10 large bulk carriers and 5 handy-size bulk carriers.
  3. 2026-05-14AdvancedEarnings

    「During the consolidated fiscal year, we completed 4 large bulk carriers and 17 handy-size bulk carriers and other vessels, and received orders for 10 large bulk carriers and 5 handy-size bulk carriers.」

    Results for completions and orders were reported for the first year of the product-mix structure combining large bulk carriers and handy-size bulk carriers.
  4. FY2026-H1ReframedAnnual report

    「The company positioned this as a period of transition toward a strategy of making large bulk carriers, for which historically high construction volumes were recorded around 2010 and for which substantial replacement orders are expected to continue from 2025 onward, and large LPG carriers (VLGCs), for which imports of US-produced LPG are expected to increase, its future core and secondary core products alongside handy-size bulk carriers.」

    The company is transitioning from its previous configuration centred on handy-size bulk carriers to a strategy under which large bulk carriers become a future core product and VLGCs a secondary core product.
  5. FY2025AdvancedAnnual report

    「In addition to 23 handy-size bulk carriers, the company completed 1 large LPG and ammonia carrier (VLGC) capable of using LPG as fuel in consideration of the global environment, and 1 large bulk carrier with LNG dual-fuel capability. It received orders for 2 VLGCs, 10 large bulk carriers and 10 handy-size bulk carriers, resulting in an order backlog of ¥394,070 million at the end of the consolidated fiscal year, up 26.8% year on year.」

    The company operated a product mix centred on handy-size vessels and combined with VLGCs and LNG dual-fuel vessels, while the order backlog also rose 26.8% year on year.
  6. FY2025-H1AdvancedAnnual report

    「During the first six months of the current interim consolidated fiscal period, we completed 1 large LPG/ammonia carrier (VLGC) compatible with LPG fuel and 14 handy-size bulk carriers. We received orders for 2 VLGCs and 11 handy-size and large bulk carriers, bringing the order backlog at the end of the interim consolidated fiscal period to ¥368,529 million, up 32.7% year on year.」

    The company completed 14 vessels and received orders for 11 vessels by combining VLGCs with handy-size and large bulk carriers. The order backlog was ¥368,529 million, up 32.7% year on year.
  7. FY2024AdvancedAnnual report

    「During the consolidated fiscal year, we completed a total of 12 vessels, including 1 large LPG/ammonia carrier (VLGC) compatible with LPG fuel, 1 large coal carrier compatible with LNG fuel and 6 large bulk carriers. We received orders for a total of 25 vessels, including large bulk carriers, bringing the order backlog at the end of the consolidated fiscal year to ¥310,858 million, up 31.6% year on year.」

    The company operated multiple vessel types, including environmentally friendly VLGCs, LNG-fuelled vessels and large bulk carriers, completing 12 vessels and receiving orders for 25 vessels.
  8. FY2024-Q3AdvancedAnnual report

    「During the first nine months of the current consolidated fiscal year, we completed a total of 8 vessels, including 1 large LPG/ammonia carrier (VLGC) compatible with LPG fuel and 1 large coal carrier powered by LNG. We received orders for a total of 17 vessels, including large bulk carriers, bringing the order backlog at the end of the third quarter of the current consolidated fiscal year to ¥288,665 million, up 27.3% year on year.」

    The company completed 8 vessels across multiple types, including environmentally friendly VLGCs, LNG-fuelled large coal carriers and large bulk carriers, and received orders for 17 vessels. The order backlog rose 27.3% year on year.
  9. FY2024-Q2AdvancedAnnual report

    「During the first six months of the current consolidated fiscal year, we completed a total of 4 vessels, including 1 large LPG/ammonia carrier (VLGC) compatible with LPG fuel and designed with consideration for the global environment, and 2 large bulk carriers. We received orders for a total of 12 vessels, including 2 large bulk carriers, bringing the order backlog at the end of the second quarter of the current consolidated fiscal year to ¥277,763 million, up 24.7% year on year.」

    The company completed 4 vessels across multiple types, including environmentally friendly VLGCs and large bulk carriers, and received orders for 12 vessels. The order backlog also rose 24.7% year on year.
  10. FY2023AdvancedAnnual report

    「The company completed a total of 15 vessels, including 9 large bulk carriers, and received orders for a total of 28 vessels, including 2 large bulk carriers powered primarily by LNG, bringing the order backlog at the end of the consolidated fiscal year to ¥236,162 million, up 53.2% year on year.」

    The company completed 15 vessels across multiple types and received orders for 28 vessels, including 2 large bulk carriers powered primarily by LNG. The order backlog rose 53.2% year on year.
  11. FY2023-Q3AdvancedAnnual report

    「During the nine-month consolidated period under review, the Group completed 11 vessels in total, including 6 large bulk carriers, and won orders for 22 vessels in total, including 2 large bulk carriers powered primarily by low-environmental-impact LNG. The order backlog at the end of the nine-month consolidated accounting period was ¥226,717 million, up 93.5% year on year.」

    The company received orders for a total of 22 vessels across multiple types, including large bulk carriers and LNG-fuelled vessels, and the order backlog also rose to ¥226,717 million, up 93.5% year on year.
  12. FY2023-Q2AdvancedAnnual report

    「During the six-month consolidated period under review, the Group completed 8 vessels in total, including 4 large bulk carriers, and won orders for 19 vessels in total, including 2 large bulk carriers powered primarily by low-environmental-impact LNG. The order backlog at the end of the six-month consolidated accounting period was ¥222,699 million, up 92.8% year on year.」

    The company completed 8 vessels across multiple types and received orders for 19 vessels, including 2 large bulk carriers powered primarily by LNG. The order backlog also rose to ¥222,699 million, up 92.8% year on year.
  13. FY2023-Q1AdvancedAnnual report

    「The company completed a total of 4 vessels, including 2 large bulk carriers, and received orders for a total of 11 vessels, including 1 large bulk carrier powered primarily by LNG, which has a lower environmental impact」

    The company continued to build and receive orders for multiple vessel types, including large bulk carriers, and received orders for environmentally friendly vessels powered primarily by LNG.
  14. FY2022-Q3AdvancedAnnual report

    「The completed vessels comprised 13 vessels, including 2 very large crude carriers (VLCCs) and 2 large bulk carriers, while the vessels ordered comprised a total of 15 vessels, including 2 large LPG carriers (VLGCs) and 5 large bulk carriers. The order backlog was ¥117,149 million, up 21.8% year on year.」

    The company completed 13 vessels across multiple types, including VLCCs, large bulk carriers and large VLGCs, and received orders for 15 vessels. The order backlog, including large VLGCs, was ¥117,149 million, up 21.8% year on year.
  15. FY2022-Q2AdvancedAnnual report

    「During the first six months of the current consolidated fiscal year, the company completed a total of 9 vessels, including 2 very large crude carriers (VLCCs), and received orders for a total of 12 vessels, including 1 large LPG carrier (VLGC) and 5 large bulk carriers, resulting in an order backlog of ¥115,504 million, down 0.5% year on year.」

    The company received orders for a total of 12 vessels across multiple types, including VLCCs, large VLGCs and large bulk carriers, and demonstrated the practical application of its product mix.
  16. FY2022-Q1AdvancedAnnual report

    「During the first three months of the current consolidated fiscal year, the company completed a total of 6 vessels, comprising 1 very large crude carrier (VLCC), 4 medium-sized bulk carriers and 1 handy-size bulk carrier, and received orders for a total of 6 vessels, including 3 large bulk carriers and 2 handy-size bulk carriers, resulting in an order backlog of ¥95,700 million, down 18.2% year on year.」

    The company completed 6 vessels across multiple types, including a VLCC and medium-sized, large and handy-size bulk carriers, and received orders for 6 vessels across multiple types. While this specifically demonstrates its track record in managing its product mix, the order backlog declined 18.2% year on year.
  17. FY2021ReframedAnnual report

    「We will establish and strengthen a product-mix shipbuilding structure centred on large bulk carriers and combined with high-value-added vessels, such as VLCCs, VLGСs (large LPG carriers) and LNG-fuelled vessels, as well as environmentally friendly vessels, in order to differentiate ourselves from other companies.」

    The focus has shifted from a policy of broadly covering multiple vessel types to a configuration centred on large bulk carriers and combining high-value-added and environmentally friendly vessels.
  18. FY2021-Q3ReframedAnnual report

    「Receiving orders for technologically advanced vessel types that are less exposed to price competition, and further strengthening the earnings capacity of non-shipbuilding businesses, including ship repair, steel structures and land-based machinery.」

    In addition to its previous policy of broadly receiving orders for and building multiple vessel types, the company is now moving toward selectively receiving orders for technologically advanced vessel types less exposed to price competition and strengthening its non-shipbuilding businesses.
  19. FY2021-Q2AdvancedAnnual report

    「During the first six months of the current consolidated fiscal year, the company completed a total of 10 vessels, including 2 large bulk carriers, 5 medium-sized bulk carriers and 2 handy-size bulk carriers. In terms of orders, the company faced a challenging sales environment with no clear end in sight for the COVID-19 pandemic, but received orders for 2 large bulk carriers」

    The company completed a total of 10 vessels across multiple large, medium-sized and handy-size types and received orders for 2 large bulk carriers. This demonstrates specific results from focusing orders on the vessel types in which it specialises while avoiding low-price competition.
  20. FY2021-Q1AdvancedAnnual report

    「During the first three months of the current consolidated fiscal year, the company completed a total of 7 vessels, comprising 2 large bulk carriers, 4 medium-sized bulk carriers and 1 handy-size bulk carrier.」

    The company completed a total of 7 vessels across multiple large, medium-sized and handy-size types, demonstrating its track record in managing its product mix.
  21. FY2020-Q3AdvancedAnnual report

    「During the first nine months of the current consolidated fiscal year, the company completed a total of 17 vessels, comprising 2 very large crude carriers (VLCCs), 3 large ore carriers (VLOCs), 1 large bulk carrier, 4 medium-sized tankers, 3 medium-sized bulk carriers and 4 handy-size bulk carriers, and received orders for a total of 9 vessels, comprising 1 very large crude carrier (VLCC), 1 large bulk carrier, 5 medium-sized bulk carriers, 1 handy-size bulk carrier and 1 small coastal vessel, resulting in an order backlog of ¥153,494 million, down 28.4% year on year.」

    The company completed 17 vessels across multiple types, including VLCCs, VLOCs, tankers and bulk carriers, and received orders for 9 vessels across 6 types. While this demonstrates its specific track record in managing its product mix, the order backlog declined 28.4% year on year.
  22. FY2020-Q2AdvancedAnnual report

    「During the first six months of the current consolidated fiscal year, the company completed a total of 13 vessels, comprising 2 very large crude carriers (VLCCs), 2 large ore carriers (VLOCs), 4 medium-sized tankers, 2 medium-sized bulk carriers and 3 handy-size bulk carriers, and received orders for a total of 4 vessels, comprising 3 medium-sized bulk carriers and 1 handy-size bulk carrier, resulting」

    The company completed 13 vessels across multiple types, including VLCCs, VLOCs, medium-sized tankers, and medium-sized and handy-size bulk carriers, and received orders for 4 vessels.
  23. FY2020-Q1AdvancedAnnual report

    「During the first three months of the current consolidated fiscal year, the company completed a total of 6 vessels, comprising 1 very large crude carrier, 1 large ore carrier, 2 medium-sized tankers and 2 handy-size bulk carriers.」

    The company completed a total of 6 vessels across multiple very large, large, medium-sized and handy-size types, demonstrating its track record in managing its product mix.
  24. FY2019AdvancedAnnual report

    「During the consolidated fiscal year, the company completed a total of 20 vessels, comprising 1 very large crude carrier (VLCC), 1 large ore carrier, 2 large bulk carriers, 7 medium-sized tankers, 1 medium-sized bulk carrier, 7 handy-size bulk carriers and 1 medium-sized refrigerated LPG carrier.」

    The company demonstrated its track record in managing a product mix that included a VLCC, medium-sized tankers and refrigerated LPG carriers, completing a total of 20 vessels across multiple types.
  25. FY2019-Q3AdvancedAnnual report

    「During the first nine months of the current consolidated fiscal year, the company completed a total of 13 vessels, comprising 1 very large crude carrier, 1 large ore carrier, 2 large bulk carriers, 3 medium-sized tankers, 1 medium-sized bulk carrier and 5 handy-size bulk carriers, and received orders for a total of 9 vessels, comprising 2 large bulk carriers, 4 medium-sized bulk carriers and 3 handy-size bulk carriers, resulting in an order backlog of ¥214,446 million, down 15.1% year on year.」

    The company completed 13 vessels across multiple very large, large, medium-sized and handy-size types, and received orders for 9 vessels across 3 types. This demonstrates its specific track record in managing its product mix.
  26. FY2019-Q2AdvancedAnnual report

    「During the first six months of the current consolidated fiscal year, the company completed a total of 11 vessels, comprising 1 very large crude carrier, 1 large ore carrier, 1 large bulk carrier, 3 medium-sized tankers, 1 medium-sized bulk carrier and 4 handy-size bulk carriers, and received orders for a total of 6 vessels, comprising 2 large bulk carriers, 2 medium-sized bulk carriers and 2 handy-size bulk carriers, resulting in an order backlog of ¥211,575 million, down 16.8% year on year.」

    The company completed 11 vessels across multiple very large, large, medium-sized and handy-size types, and received orders for 6 vessels across 3 types. While this demonstrates its track record in managing its product mix, the order backlog declined 16.8% year on year.
  27. FY2019-Q1AdvancedAnnual report

    「As a result of completing a total of 6 vessels, comprising 1 large ore carrier, 2 medium-sized tankers, 1 medium-sized bulk carrier and 2 handy-size bulk carriers, and receiving an order for 1 large bulk carrier, the order backlog was ¥221,099 million, down 16.3% year on year.」

    The company completed 6 vessels across multiple types and received an order for 1 large bulk carrier. The order backlog was ¥221,099 million, down 16.3% year on year.
  28. FY2018AdvancedAnnual report

    「As a result of receiving orders for a total of 16 vessels designated as new strategic products, comprising 1 very large crude carrier, 1 large bulk carrier, 1 medium-sized tanker, 10 medium-sized bulk carriers and 3 handy-size bulk carriers, the order backlog at the end of the consolidated fiscal year was ¥249,635 million, down 9.5% year on year, with orders for the medium-sized bulk carriers in which Sasebo Heavy Industries Co., Ltd. specialises increasing.」

    The company demonstrated its product-mix capabilities by receiving orders for a total of 16 vessels across multiple types, including very large crude carriers, large and medium-sized bulk carriers, medium-sized tankers and handy-size bulk carriers.
  29. FY2018-Q3AdvancedAnnual report

    「The Company received orders for a total of 12 vessels, comprising 1 large bulk carrier, 1 medium-sized tanker, 8 medium-sized bulk carriers and 2 handy-sized bulk carriers. The order backlog was ¥252,570 million, down 12.8% year on year, while orders for medium-sized bulk carriers, an area of strength for 佐世保重工業株式会社, increased.」

    The Company received orders for a total of 12 vessels across multiple types, including large, medium-sized and handy-sized vessels, demonstrating concrete order results from its product mix.
  30. FY2018-Q2AdvancedAnnual report

    「As a result of receiving orders for 1 medium-sized tanker, 7 medium-sized bulk carriers and 2 handy-sized bulk carriers, for a total of 10 vessels, the order backlog was ¥254,309 million, down 10.1% year on year.」

    The Company received orders for a total of 10 vessels across multiple types, including medium-sized tankers, medium-sized bulk carriers and handy-sized bulk carriers, demonstrating concrete order results from its product mix.
  31. FY2017RestatedAnnual report

    「In addition to making thorough efforts to reduce costs while improving performance and quality, we will work to further develop our product-mix structure for taking orders for and building multiple vessel types, including bulk carriers, tankers and LPG carriers.」

    The Company continues to regard a product-mix structure combining multiple vessel types as the basis of its business operations and has stated its aim of further developing it.
  32. FY2017-Q3RestatedAnnual report

    「We will further strengthen our product-mix structure for taking orders for and building multiple vessel types, including bulk carriers, tankers and LPG carriers,」

    The Company continues to regard taking orders for and building a combination of multiple vessel types as a product mix as the basis of its business operations.
  33. FY2017-Q2RestatedAnnual report

    「The Group's newbuilding business is based on taking orders for and building multiple vessel types, including bulk carriers, tankers and LPG carriers, as a product mix to respond promptly and appropriately to market changes.」

    The Company reaffirmed that taking orders for and building a combination of multiple vessel types as a product mix is the basis of its business operations.
  34. FY2017-Q1First statedAnnual report

    「Our basic business policy is to take orders for and build multiple vessel types, including bulk carriers, tankers and LPG carriers, as a product mix to respond promptly and appropriately to market changes.」

    For the first time, the Company explicitly stated that its basic business policy is to take orders for and build multiple vessel types, including bulk carriers, tankers and LPG carriers.
Moved together

"Weak Bulk Carrier Market and Disappearance of Demand for Newbuilds" moved the same way as this thread, in the same document, in 19 of its 34 moves.

191818171515★123456
  1. ★This thread
  2. 1Weak Bulk Carrier Market and Disappearance of Demand for Newbuilds19×
  3. 2Construction losses due to low-priced vessels and a challenging order environment18×
  4. 3Foreign Exchange Risk Associated with U.S. Dollar-Denominated Shipbuilding Contracts18×
  5. 4Strengthening Order-Winning Capabilities in the Steel Structures and Land Machinery Business and Establishing a Stable Earnings Base17×
  6. 5Improving production efficiency and competitiveness through streamlining and labor-saving measures15×
  7. 6Maintaining 3 Years' Worth of Order Backlog at All Times15×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Namura Shipbuilding yet. It last moved in the Earnings of 2026-08-06: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Responding to Market Changes Through a Product Mix of Multiple Vessel Types | Namura Shipbuilding Co.,Ltd. (7014) | Komori