Strengthening Order-Winning Capabilities in the Steel Structures and Land Machinery Business and Establishing a Stable Earnings Base

「In the steel structures and bridges segment, operating profit turned slightly positive as operating volume recovered. In the marine machinery segment, profitability also improved, centered on crankshafts for our core marine engines.」

「In the steel structures and bridges segment, orders for large projects steadily accumulated and operating volume recovered. In the marine machinery segment, the business environment for crankshafts for our core marine engines also improved, and progress in cost reductions and production-efficiency improvements resulted in higher revenue and higher profit year on year.」

「In the steel structures and bridges segment, orders for large projects steadily accumulated and operating volume recovered. In the marine machinery segment, the business environment for crankshafts for our core marine engines also improved, and progress in cost reductions and production-efficiency improvements resulted in higher revenue and higher profit year on year.」

「Revenue for the six months ended 30 September was ¥2,897 million, up 16.8% year on year, and operating profit was ¥164 million, compared with ¥11 million in the same period of the previous year.」

「Revenue for the fiscal year was ¥6,225 million, down 9.2% year on year, while operating profit was ¥115 million, compared with an operating loss of ¥122 million in the previous year.」

「Revenue for the six months ended 30 September was ¥2,481 million, down 22.9% year on year, while operating profit was ¥11 million, compared with an operating loss of ¥316 million in the same period of the previous year. In the Steel Structures and Bridges division, operating volume declined partly because recovery from the bridge girder collapse accident and completion of construction were prioritized. In the Marine Machinery division, however, the business returned to profitability through an improving operating environment, diversification of material suppliers, improved production efficiency and modernization of equipment, as well as enhanced technical capabilities.」

「In the Steel Structures and Bridges division, revenue declined because construction was substantially delayed by the bridge girder collapse accident that occurred in July of the previous year, and approximately ¥500 million in costs expected to arise from handling the accident was recorded in the fiscal year. In the Marine Machinery division, operating volume had to be adjusted to minimize losses caused by surging raw material costs. As a result, revenue for the fiscal year was ¥6,858 million, down 1.8% year on year, and the operating loss was ¥122 million, compared with operating profit of ¥226 million in the previous year.」

「In terms of earnings, the downturn in the Marine Machinery division and the inclusion of approximately ¥500 million in estimated costs related to handling the bridge girder collapse accident resulted in an operating loss of ¥204 million, compared with operating profit of ¥146 million in the same period of the previous year.」

「In the Steel Structures and Bridges division, progress on the relevant project was substantially delayed by the bridge girder collapse accident that occurred on 6 July, and revenue for the six months ended 30 September was limited to ¥3,217 million, down 4.3% year on year. In terms of earnings, the Marine Machinery division was affected by surging prices for ingots, its main raw material, while the Steel Structures division incorporated costs associated with the bridge girder collapse accident, resulting in an operating loss of ¥316 million, compared with operating profit of ¥52 million in the same period of the previous year. In the Bridges division, the company will prioritize responding to the bridge girder collapse accident and work to restore confidence, while seeking to expand orders for steel structures other than bridges.」

「In the steel structures and bridge division, production and construction of ordered projects progressed, while sales volume in the marine machinery division expanded as demand increased with the recovery in new ship orders. Revenue for the first quarter of the current consolidated cumulative period was ¥1,822 million, up 26.6% year on year, and operating profit was ¥93 million, compared with an operating loss of ¥2 million in the previous corresponding period. These figures do not reflect the impact of the bridge girder collapse accident.」

「In the Steel Structures and Bridges division, manufacturing and construction of contracted projects progressed smoothly. In the Marine Machinery division, sales volume expanded on higher demand accompanying the recovery in new ship orders, resulting in revenue of ¥6,986 million for the fiscal year, up 20.0% year on year.」

「In the steel structures and bridge division, production and construction of projects already won progressed smoothly. Sales volume in the marine machinery division also expanded with the recovery in new ship orders. Revenue for the first three quarters of the current consolidated cumulative period was ¥5,459 million, up 40.3% year on year, while operating profit was ¥146 million, up 2,057.2%, despite the marine machinery division struggling under the impact of soaring steel prices for its principal material.」

「In the Steel Structures and Bridges division, manufacturing and construction of contracted projects progressed smoothly. In the Marine Machinery division, sales volume increased on higher demand accompanying the recovery in new ship orders. Revenue for the six months ended 30 September was ¥3,361 million, up 32.6% year on year. Despite pressure from surging steel prices, a key material for the Marine Machinery division, operating profit was ¥52 million, up 1,323.7% year on year.」

「In the Steel Structures and Bridges division, contracted projects were completed as scheduled, while efforts to increase sales in the Marine Machinery division resulted in revenue of ¥1,439 million for the three months ended 30 June, up 22.2% year on year. However, higher steel prices, a key material for the Marine Machinery division, resulted in an operating loss of ¥2 million, compared with an operating loss of ¥21 million in the same period of the previous year.」

「During the nine months ended 31 December, the Steel Structures business, including steel road bridge construction, progressed as scheduled. However, the Machinery business, centered on marine machinery, posted lower revenue and profit due to lower production volumes resulting from a decline in domestic new ship completions, as well as higher raw material costs. Revenue was ¥3,893 million, down 9.0% year on year, and operating profit was ¥7 million, down 96.4%.」

「Revenue was ¥2,534 million, down 15.2% year on year, while operating profit was ¥3 million, down 97.1%, due in part to higher raw material costs and lower operating volume in the Steel Structures and Machinery business.」

「In the steel structures and machinery business, the company posted an operating loss of ¥21 million, compared with an operating loss of ¥18 million in the same period of the previous year, partly due to higher raw material costs and lower operating volumes in the marine machinery business.」

「Revenue rose 5.3% year on year to ¥6,817 million, as the company completed construction as scheduled on projects including the 715-ton Terada Viaduct commissioned by the Kinki Regional Development Bureau and the 598-ton Island City bridge project commissioned by the Kyushu Regional Development Bureau, and Hakodate Dock Co., Ltd.'s steel structures and machinery division also performed well. However, operating profit declined 49.7% year on year to ¥293 million, as Sasebo Heavy Industries Co., Ltd.'s marine equipment business saw lower earnings due to a decline in Japan's newbuilding volume and surging raw material prices.」

「Revenue for the first nine months of the current consolidated fiscal year was ¥4,278 million, up 13.9% year on year, as medium-sized bridge construction projects and other projects were completed as scheduled. However, operating profit declined 37.7% year on year to ¥189 million, partly because earnings from marine equipment handled by Sasebo Heavy Industries Co., Ltd. remained sluggish.」

「Revenue for the first six months of the current consolidated fiscal year was ¥2,990 million, up 30.3% year on year, as medium-sized bridge construction projects and other projects were completed as scheduled. However, operating profit declined 16.1% year on year to ¥126 million, partly because earnings from marine equipment handled by Sasebo Heavy Industries Co., Ltd. remained sluggish due to higher material costs.」

「During the first three months of the current consolidated fiscal year, revenue was ¥842 million, down 27.6% year on year, due to a smaller number of large bridge construction projects and sluggish earnings from marine equipment, which had performed strongly in the same period of the previous year. The company posted an operating loss of ¥18 million, compared with operating profit of ¥68 million in the same period of the previous year.」

「During the consolidated fiscal year, the company completed construction as scheduled on projects including the 2,741-ton Rokkakugawa Bridge commissioned by Saga Prefecture. Revenue declined 8.0% year on year to ¥4,665 million, but operating profit improved substantially, rising 71.4% to ¥529 million.」

「Revenue for the first nine months of the current consolidated fiscal year was ¥1,460 million, down 53.7% year on year, because the completion of large-scale construction projects already under contract is concentrated in the fourth quarter. Operating profit, however, improved to ¥66 million, up 26.0% year on year.」

「Revenue for the first six months of the current consolidated fiscal year was ¥686 million, down 63.9% year on year. The company posted an operating loss of ¥5 million, compared with an operating loss of ¥98 million in the same period of the previous year. Although the environment surrounding the steel structures and land-based machinery business remains challenging, the company will work to improve earnings from the third quarter onward.」

「Revenue for the first three months of the current consolidated fiscal year was ¥413 million, down 51.2% year on year, and the company posted an operating loss of ¥22 million, compared with an operating loss of ¥29 million in the same period of the previous year. Although fierce competition for orders continues, the company will strengthen its order-taking capabilities and work to return to profitability for the full year.」

「For the consolidated fiscal year, revenue rose 63.9% year on year to ¥5,071 million and operating profit rose 118.1% to ¥309 million, reflecting increases in both revenue and profit, partly due to the recognition of large-scale projects.」

「Revenue for the first nine months of the current consolidated fiscal year was ¥3,152 million, up 61.7% year on year, partly due to the recognition of large-scale construction projects, and operating profit was ¥53 million, up 183.3% year on year. Although the environment surrounding the steel structures and land-based machinery business remains challenging, the company will work to establish a business structure capable of securing profits reliably.」

「Revenue for the first six months of the current consolidated fiscal year was ¥1,902 million, up 104.0% year on year, partly due to the recognition of large-scale construction projects. However, the company posted an operating loss of ¥98 million, compared with an operating loss of ¥7 million in the same period of the previous year, partly because large-scale construction projects were unprofitable. Although the environment surrounding the steel structures and land-based machinery business remains challenging, we will strengthen our order-taking capabilities to compete successfully in the challenging order market and establish a business structure capable of securing profits reliably.」

「Revenue for the first three months of the current consolidated fiscal year was ¥846 million, up 207.6% year on year, reflecting an increase in bridge construction projects compared with the same period of the previous year. However, the company posted an operating loss of ¥29 million, compared with an operating loss of ¥59 million in the same period of the previous year. Although the environment surrounding the steel structures and land-based machinery business remains challenging, we will strengthen our order-taking capabilities to compete successfully in the challenging order market and establish a business structure capable of securing profits reliably.」

「In addition, supported by orders for large-scale construction projects in the Kyushu region, the order backlog at the end of the consolidated fiscal year was ¥5,638 million, up 32.9% year on year.」

「Although the environment surrounding the steel structures and land-based machinery business remains challenging, the results of strengthening our ability to respond to the comprehensive evaluation bidding system for public bridge construction are gradually emerging, and we will continue these efforts to establish a business structure capable of securing profits reliably.」

「Revenue for the first six months of the current consolidated fiscal year was ¥933 million, up 24.3% year on year, while operating loss improved to ¥7 million from ¥50 million in the same period of the previous year. Although the environment surrounding the steel structures and land-based machinery business remains challenging, we will strengthen our order-taking capabilities and reduce costs to compete successfully in the challenging order market and secure stable earnings.」

「Although the environment surrounding the steel structures and land-based machinery business remains challenging, we will strengthen our order-taking capabilities to compete successfully in the challenging order market and work to establish a business structure capable of securing annual earnings on a stable basis.」