Responding to increased marine equipment workload
First written in FY2019. 7 of 16 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「In response to the increased workload, we rebuilt our production structure, including the establishment of a new automated steel-processing line, improved operating efficiency and continued to actively secure spot projects.」
To address the increased workload, we proceeded with rebuilding the production structure, establishing a new automated processing line, improving operating efficiency and securing spot projects. - FY2026-H1AdvancedAnnual report
「In the marine equipment division, sales of hatch covers for bulk carriers increased, while hull blocks also remained solid, supported in part by the active acceptance of spot projects.」
In response to the increased workload, marine equipment operations remained firm due to growth in hatch-cover sales and the acquisition of spot projects. - FY2025AdvancedAnnual report
「Under these circumstances, our Group's marine equipment operations in the machinery-related business remained firm as demand from domestic shipyards increased. In response to the higher workload, we rebuilt our production structure and improved operating efficiency, while continuing to actively secure spot projects.」
Higher demand from domestic shipyards supported firm marine equipment operations and progress in addressing the increased workload. - FY2024AdvancedAnnual report
「The marine equipment segment remained firm, with ship-hull blocks covering the decline in the number of vessels built through the active acquisition of spot projects, while both orders and sales of hatch covers recovered substantially and operating rates also improved.」
To address low construction volumes, spot projects were secured, enabling ship-hull blocks to remain firm, while hatch-cover orders, sales and operating rates also recovered. - FY2023Addressing low workload and preparing for a future increaseAnnual report
「In the machinery-related business, our Group's marine equipment operations remained sluggish because construction volumes at domestic shipyards stayed low. In response to the decline in workload, we streamlined our production structure and improved operating efficiency, while also working to actively secure spot projects.」
In contrast to the previous challenge of responding to increased workload, the focus during the period shifted to streamlining and improving efficiency in response to the immediate decline in workload and securing spot projects. - FY2023-Q3Hatch-cover sales are recovering; loss-making projects emergedAnnual report
「In the marine equipment segment, ship-hull blocks remained firm and hatch-cover sales were recovering, but some loss-making projects emerged due to increased labor hours.」
Ship-hull blocks remained firm, while hatch-cover sales were described as being on the road to recovery. However, loss-making projects have emerged due to increased labor hours. - FY2023-Q1Hatch-cover sales have not recovered; ship-hull blocks remain firmAnnual report
「In the Marine Equipment division, profitability improved as hull blocks remained firm and work efficiency increased, although hatch cover sales had not yet recovered.」
Although hatch-cover sales had not yet recovered, ship-hull blocks remained firm and profitability improved due to higher work efficiency. - FY2022-Q3WorsenedAnnual report
「Although there was movement in orders for delivery in the following fiscal year and beyond, current sales declined substantially year on year, and provisions for losses on orders increased substantially due to higher unit costs resulting from insufficient workload, leaving marine equipment as a whole deeply loss-making.」
Although there was movement in orders for future delivery, profitability in marine equipment deteriorated due to insufficient current workload, lower sales and higher provisions for losses on orders. - FY2022-Q1WorsenedAnnual report
「Orders for marine equipment fell well below the same period of the previous year due to a decline in the number of vessels built by domestic shipyards in the current fiscal year, and sales also declined. Profitability deteriorated due to lower operating rates resulting from insufficient workload.」
For marine equipment, for which responding to the increased workload had been identified as a challenge, orders and sales declined due to the lower number of vessels built, while profitability also deteriorated because of insufficient workload. - FY2021WorsenedAnnual report
「As a substantial decline in workload is expected in fiscal 2021, we will streamline our production structure in response, while building a structure with a view to an increase in workload from the following fiscal year onward.」
The focus shifted from responding to the increase in workload anticipated in the previous fiscal year to addressing a substantial decline in workload in fiscal 2021. - FY2021-Q3WorsenedAnnual report
「Sales and orders for marine equipment both declined due to the slowdown in construction pace at domestic shipyards resulting from weak orders and other factors. In addition, production contracted and profitability deteriorated due to changes in delivery schedules for existing orders, pricing pressure and the cancellation of new-build plans, among other factors.」
For marine equipment, for which responding to the increased workload had been identified as a challenge, orders and sales declined, while profitability also deteriorated due to changes in delivery schedules, pricing pressure and other factors. - FY2021-Q2WorsenedAnnual report
「Sales and orders for marine equipment both declined due to the slowdown in construction pace at domestic shipyards resulting from weak orders and other factors.」
For marine equipment, for which responding to the increased workload had been identified as a challenge, both orders and sales declined, and business conditions related to the challenge worsened. - FY2021-Q1WorsenedAnnual report
「Although orders for marine equipment remained at the level of the previous fiscal year, sales declined. Profitability also deteriorated due to requests from shipyards for price reductions and other factors.」
For marine equipment, for which responding to the increased workload had been identified as a challenge, orders remained at the level of the previous fiscal year, while sales declined and profitability deteriorated due to requests for price reductions. - FY2020-Q3WorsenedAnnual report
「Sales of marine equipment increased, mainly due to a substantial increase in hatch covers, while orders increased on firm demand for ship-hull blocks. Profitability deteriorated due to lower margins accompanying the sharp increase in hatch-cover workload and loss-making industrial equipment projects, among other factors.」
Although the increase in workload and orders, mainly for hatch covers, materialised, profitability deteriorated as a result of the sharp increase in workload. - FY2020-Q2AdvancedAnnual report
「Sales of marine equipment increased, mainly due to a substantial increase in hatch covers. Orders increased for both hatch covers and ship-hull blocks.」
The anticipated increase in workload, mainly for hatch covers, materialised as higher sales and orders. - FY2019First statedAnnual report
「The workload for marine equipment is expected to increase substantially, mainly for hatch covers, and how to handle the increase is the biggest challenge. To address the higher workload, we will seek to improve productivity by increasing staff, installing equipment and reviewing our production and installation structure.」
For the first time, the company explicitly identified responding to the increase in workload, mainly for hatch covers, as its biggest challenge.