Sasebo Heavy Industries’ suspension of its newbuilding business and fundamental restructuring centered on naval vessel repairs and machinery operations
First written in FY2021-Q3. 5 of 9 entries say "Advanced", first in FY2021. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「January 2022: Suspended Sasebo Heavy Industries Co., Ltd.’s newbuild business and implemented business-structure reform centred on its naval-vessel repair and machinery businesses」
The company continues to report that Sasebo Heavy Industries’ newbuild business has been suspended and that business-structure reform centred on the naval-vessel repair and machinery businesses has been completed. - FY2023-Q3RestatedAnnual report
「To strongly promote reform of the Group's business structure through the “selection and concentration” of management resources, the company suspended 佐世保重工業株式会社's newbuilding business upon completion of delivery of the final vessel in January 2022 and is reallocating management resources to the ship repair and Machinery businesses.」
The company continues to state that, following the suspension of Sasebo Heavy Industries’ newbuild business, management resources are being reallocated to the repair-vessel and machinery businesses. - FY2023-Q2RestatedAnnual report
「To strongly promote reform of the Group's business structure through the “selection and concentration” of management resources, the company suspended 佐世保重工業株式会社's newbuilding business upon completion of delivery of the final vessel in January 2022 and is reallocating management resources to the ship repair and Machinery businesses.」
The company continues to state that, following the suspension of the newbuild business in January 2022, management resources are being reallocated to the repair-vessel and machinery businesses. - FY2023-Q1AdvancedAnnual report
「To strongly promote reform of the Group's business structure through the “selection and concentration” of management resources, the company suspended 佐世保重工業株式会社's newbuilding business upon completion of delivery of the final vessel in January 2022 and is reallocating management resources to the ship repair and Machinery businesses.」
Following completion of the final ship’s delivery in January 2022, the plan to suspend Sasebo Heavy Industries’ newbuild business has been implemented, and resources are being reallocated to the repair-vessel and machinery businesses. - FY2022-Q3AdvancedAnnual report
「To drive fundamental reform of the Group’s business structure through the “selection and concentration” of management resources, our Group suspended Sasebo Heavy Industries Co., Ltd.’s newbuild business in January 2022.」
Sasebo Heavy Industries’ suspension of its newbuild business was completed in January 2022, and its business restructuring plan, including the strengthening of the repair-vessel, shipowning and structural steel and machinery businesses, is progressing. - FY2022-Q2AdvancedAnnual report
「Our Group has decided to undertake fundamental structural reform under the key concept of “selection and concentration” of management resources. As part of this initiative, we will suspend the newbuilding business of our subsidiary 佐世保重工業株式会社 upon delivery of the final vessel already ordered, scheduled for January 2022. The plan to shift to a dual-business model centred on the ship repair business and marine machinery business, which were the company's main businesses during its predecessor's naval arsenal era, is progressing smoothly, and employment adjustments, including early-retirement offers associated with the structural reform, were completed in the second quarter.」
The suspension of the newbuild business and the shift to a two-pronged management structure centred on the repair-vessel and marine machinery businesses are progressing steadily, and employment adjustments have also been completed, according to the company. - FY2022-Q1AdvancedAnnual report
「Sasebo Heavy Industries Co., Ltd. has made steady progress on the schedule toward the final delivery of the last ship in January 2022. It is reallocating management resources to the repair-vessel business and Group companies, while 248 people have applied for voluntary retirement against a target of 250 applicants as part of workforce rationalisation.」
The schedule for the final ship is progressing steadily toward the suspension of the newbuild business, and management resources are being reallocated to the repair-vessel business and Group companies. In workforce rationalisation, 248 people applied against a target of 250. - FY2021AdvancedAnnual report
「Using the “selection and concentration” of management resources as a guiding principle, our Group has decided to undertake fundamental structural reform. As part of this effort, Sasebo Heavy Industries Co., Ltd., a subsidiary, will suspend its newbuild business upon the final delivery of existing ship orders, scheduled for January 2022, and concentrate its ship-related management resources on the repair-vessel business, which was a core business dating back to the company’s time as a naval arsenal, thereby shifting to a two-pronged management structure centred on the repair-vessel and machinery businesses.」
The Group is specifically advancing the suspension of Sasebo Heavy Industries’ newbuild business and the concentration of management resources on the repair-vessel and machinery businesses as fundamental structural reform. - FY2021-Q3First statedAnnual report
「We have decided to suspend the newbuild business upon the final delivery of existing ship orders, scheduled for January 2022, while seeking to establish a stable earnings base by leveraging the strengths of the naval-vessel repair business, which has been a core business since the establishment of the naval arsenal that preceded the company, together with the machinery business.」
The company has for the first time explicitly stated its decision to suspend Sasebo Heavy Industries’ newbuild business after the final delivery of existing ship orders and shift the core of the business to a stable earnings base centred on the naval-vessel repair and machinery businesses.