Contract Performance Risk Involving Long-Term Contract Counterparties and Charterers
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 6 of 28 companies on the "Worse" side.
52 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In the Group’s dry bulk and energy businesses, we focus on long-term contracts with customers.」
Reconfirming the policy of prioritising long-term contracts in dry bulk and energy transport to mitigate market volatility. - FY2020RestatedAnnual report
「In the Group’s dry bulk transport and energy transport segments, we focus on long-term contracts with customers.」
Reconfirming the policy of prioritising long-term contracts in dry bulk and energy transport, as well as performance risks involving customers and charterers. - FY2019RestatedAnnual report
「The financial condition and other circumstances of some counterparties with which our group has entered into long-term contracts could deteriorate, making it possible that they will be unable to continue performing all or part of their contractual obligations.」
Reconfirming the risk of contract non-performance by long-term customers and charterers. - FY2018RestatedAnnual report
「The financial condition and other circumstances of some counterparties with which our group has entered into long-term contracts could deteriorate, making it possible that they will be unable to continue performing all or part of their contractual obligations.」
Reconfirming the risk of contract non-performance by long-term customers and charterers. - FY2017First statedAnnual report
「The financial condition and other circumstances of some counterparties with which our group has entered into long-term contracts could deteriorate, making it possible that they will be unable to continue performing all or part of their contractual obligations. Meanwhile, to fulfill its obligations under such long-term contracts, our group may procure vessels through charters from third parties. Some charterers may also become unable to perform their contracts with our group before the end of the charter period.」
The company identifies the credit and contract-performance risk that counterparties under long-term stable contracts or third-party charterers may become unable to perform their contracts.