Risk of Dependence on the Shipping and Aviation Industries
First written in FY2016. 5 of 10 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2024.
Financial Partners Group moved to the "Worse" side of this theme in 2020.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The leased assets in operating lease projects in the lease fund business are aircraft, marine transport containers and ships. The arrangement of operating lease projects may be affected by capital investment trends in the aviation and shipping industries.」
Continues to disclose the risk of dependence on capital investment trends and performance in the aviation and shipping industries. - FY2021-Q3WorsenedAnnual report
「Lease business arrangement volume amounted to ¥136,890 million, down 3.9% year on year. We steadily accumulated arrangements during the third quarter consolidated accounting period by leveraging the relationships we have built with airlines and shipping companies, although we continued to selectively pursue aircraft projects in light of the impact of COVID-19.」
Although we advanced arrangements by leveraging our relationships with aviation and shipping companies, selective screening of aircraft projects in light of the impact of the pandemic resulted in a 3.9% year-on-year decline in arrangement volume. - FY2021-Q2WorsenedAnnual report
「Lease transaction origination increased substantially from the first quarter, but amounted to ¥86,109 million, down 30.9% year on year, as the Company carefully selected lessees in light of the impact of COVID-19, despite originating transactions by leveraging its relationships with airlines and shipping companies.」
Although we advanced arrangements by leveraging our relationships with aviation and shipping companies, selective screening of lessees in light of the impact of the pandemic resulted in a 30.9% year-on-year decline in arrangement volume. - FY2021-Q1WorsenedAnnual report
「Meanwhile, lease business arrangement volume amounted to ¥20,919 million, down 59.4% year on year, as we pursued cautious project arrangements in light of the impact of COVID-19, including continuing stringent credit screening of lessees.」
We tightened credit screening of lessees in the aviation, shipping and other industries and pursued cautious project arrangements, resulting in a 59.4% year-on-year decline in arrangement volume. - FY2020WorsenedAnnual report
「Lease transaction origination amounted to ¥158,497 million, down 70.5% year on year, as the Company pursued a cautious origination policy in response to the impact of COVID-19, including stricter credit screening of lessees.」
The risk of dependence on the aviation and shipping industries became more pronounced, as the aviation industry’s operating environment deteriorated and full-year arrangement volume declined 70.5%. - FY2020-Q3WorsenedAnnual report
「Lease transaction origination also amounted to ¥142,499 million, down 67.7% year on year, as the Company pursued a cautious origination policy in response to the impact of COVID-19, including stricter credit screening of lessees.」
The industry dependence risk arising from air travel demand and deterioration in the aviation industry’s operating environment continued to materialize, with project arrangement volume down 67.7% for the cumulative third quarter. - FY2020-Q2MaterialisedAnnual report
「Lease business arrangement volume amounted to ¥124,582 million, down 67.6% year on year, as we pursued cautious project arrangements due to a decline in lessees’ capital investment in aircraft resulting from weaker air travel demand and deterioration in the operating environment for the aviation industry.」
The risk of dependence on capital investment trends and performance in the aviation industry materialized as weaker air travel demand due to COVID-19 and a substantial decline in arrangement volume. - FY2018RestatedAnnual report
「The leased assets in operating lease projects in the tax lease arrangement business are aircraft, marine transport containers and ships. The arrangement of operating lease projects may be affected by capital investment trends in the aviation and shipping industries.」
Continues to disclose the risk of dependence on capital investment trends and performance in the aviation and shipping industries. - FY2017RestatedAnnual report
「The leased assets in operating lease projects in the tax lease arrangement business are aircraft, marine transport containers and ships. The arrangement of operating lease projects may be affected by capital investment trends in the aviation and shipping industries.」
Continues to describe the risk of dependence on capital investment trends and performance in the aviation and shipping industries. - FY2016First statedAnnual report
「Because the assets underlying the operating lease business consist primarily of marine transport containers, aircraft and ships, the arrangement of operating lease projects may be affected by capital investment trends in the shipping and aviation industries, potentially affecting the performance of our Group.」
Disclosed separately for the first time the risk that the underlying assets and project arrangements are affected by capital investment trends and performance in the shipping and aviation industries.