Weak shipments of finished vehicles to resource-rich and emerging markets

「Demand for finished-vehicle transportation remained firm, and despite the impact of port congestion and continued diversions around the Red Sea, earnings increased from the previous fiscal year due to improved operating efficiency and the impact of foreign exchange rates, among other factors.」

「Demand for ocean transportation of finished vehicles remained generally firm as the automotive supply chain recovered. Demand for ocean transportation on each route changed continually in line with automobile sales conditions in each country, and flexible revisions to vessel deployment plans resulted in higher earnings year on year.」

「The recovery in finished-vehicle production resulting from the normalization of economic activity and improved supplies of semiconductors and automotive parts led to an upturn in demand for ocean transportation and higher earnings year on year. Although port congestion occurred in some regions, forcing vessels to wait at anchor, transportation volumes increased year on year through flexible revisions to vessel deployment plans.」

「Although shortages of automobiles and parts caused by global semiconductor shortages and the spread of COVID-19 continued, the company secured transportation volumes above the previous corresponding period by flexibly revising its vessel deployment plans, resulting in higher earnings year on year.」

「Although the number of finished vehicles handled declined due to global semiconductor shortages and automobile parts shortages caused by the spread of COVID-19, among other factors, the company continued flexible and agile cargo collection activities based on optimal vessel deployment plans. As a result, operating efficiency improved, transportation volumes were secured at roughly the same level as the previous corresponding period, and earnings increased year on year.」

「Although the impact of supply chain disruptions, including global semiconductor shortages and parts supply shortages caused by lockdowns in Shanghai, continued to affect finished-vehicle production and shipments, the company secured finished-vehicle transportation volumes at roughly the same level as the previous corresponding period by flexibly and agilely adjusting its vessel capacity and changing the deployment of operating vessels. As supply and demand conditions improved, the company pursued further operating efficiency, and earnings increased significantly year on year.」

「Although finished-vehicle production was affected by semiconductor shortages, earnings improved significantly from the previous fiscal year through flexible and agile adjustments to vessel capacity and the deployment of individual vessels.」

「Although the business was affected by shortages of automobiles and parts caused by semiconductor shortages and lockdowns in Southeast Asia, the number of finished vehicles transported increased significantly compared with the previous corresponding period, which was affected by global reductions in automobile production due to the spread of COVID-19. In addition to the recovery in volumes, further improvements in supply and demand conditions also contributed to a significant year-on-year improvement in earnings.」

「Although the business was affected by semiconductor shortages resulting from the spread of COVID-19 and parts shortages caused by lockdowns in Southeast Asia, the number of finished vehicles transported increased significantly compared with the previous corresponding period, which was affected by global reductions in automobile production. In addition to the recovery in volumes, the benefits of rationalizing vessel deployment also contributed to a significant year-on-year improvement in earnings.」

「Although semiconductor supply shortages had an impact, the number of finished vehicles transported increased significantly compared with the previous corresponding period, which was affected by global reductions in automobile production due to the spread of COVID-19. In addition to the recovery in volumes, the benefits of rationalizing vessel deployment also contributed to a significant year-on-year improvement in earnings.」

「The number of finished vehicles transported recovered from the third quarter onward following the impact of global reductions in finished-vehicle production caused by the COVID-19 pandemic, but still declined significantly year on year. Although the company worked to minimize the impact on performance through measures including adjustments to vessel capacity, such as scrapping and returning vessels, and cost reductions from idling vessels, earnings deteriorated significantly year on year.」

「Although the number of finished vehicles transported declined significantly year on year, the company worked to minimize the impact on performance by adjusting vessel capacity, including scrapping and returning vessels, and reducing costs by idling vessels. It achieved profitability in the third-quarter consolidated accounting period, but earnings deteriorated significantly year on year.」

「Although finished-vehicle sales and production began to recover as countries around the world started implementing measures to address COVID-19, the number of vehicles transported declined significantly year on year.」

「The number of finished vehicles transported declined significantly year on year as the spread of COVID-19 affected manufacturers through substantial production cuts and shipment delays.」

「The number of vehicles transported by the car carrier business declined due to the effects of US-China trade frictions, which had continued from the previous fiscal year, and tighter emissions regulations in China, as well as weakening volumes to Australia and within European short-sea markets. From the latter half of the fourth quarter, the business was also affected by declining finished-vehicle volumes and shipment delays stemming from the spread of COVID-19.」

「The number of vehicles transported by the car carrier business declined in the first half as volumes weakened in addition to the effects of tighter emissions regulations in China and US-China trade frictions, particularly for shipments to Australia and within European short-sea markets.」

「Finished-vehicle volumes declined on routes from Europe and North America to China due to tighter emissions regulations in China and the impact of US-China trade frictions. Volumes also declined in the short-sea European transportation business, particularly from Northern Europe to the Mediterranean. Despite rationalizing vessel deployment, mainly on triangular routes, and downsizing the fleet, earnings deteriorated year on year.」

「Finished-vehicle volumes declined year on year, mainly on routes from Europe to Asia, due to tighter emissions regulations in China and other factors. However, earnings improved year on year as the additional costs incurred in the previous corresponding period to address quarantine issues on certain routes fell away, while the fleet was downsized and vessel deployment was rationalized, mainly on triangular routes.」

「Finished-vehicle volumes declined from the previous fiscal year due to US-China trade frictions and the impact of new emissions and fuel-economy testing standards in Europe.」

「Shipments of finished vehicles to China declined due to the impact of U.S.-China trade friction, while shipments of finished vehicles from Europe declined as companies addressed new emissions and fuel-economy testing standards. Although the company worked to further improve operating efficiency, additional costs arising from quarantine issues on certain routes in the first quarter also had a significant impact, and earnings deteriorated year on year.」

「Shipments of finished vehicles to North America, Asia and Oceania remained firm, but there were no signs of a full-scale recovery in shipments to resource-rich countries against a backdrop of weak resource prices.」

「Shipments of finished vehicles to the United States remained firm, but there were no signs of a full-scale recovery in shipments to resource-rich and emerging markets against a backdrop of weak resource prices.」

「Shipments of finished vehicles to the United States remained firm, while shipments to resource-rich and emerging markets, where economic weakness continued against a backdrop of declining resource prices and other factors, remained sluggish. The automobile carrier division continued working to improve profitability by reducing its fleet and improving operating efficiency in response to changes in trading patterns. Earnings improved year on year, and the division posted a profit.」

「In the automobile carrier division, shipments of finished vehicles to the United States and Europe remained firm, while shipments to resource-rich and emerging markets, where economic weakness continued against a backdrop of declining resource prices and other factors, remained sluggish. As a result, although the division worked to improve operating efficiency in response to changes in trading patterns, earnings deteriorated year on year and the division posted a loss.」

「In the automobile carrier division, shipments of finished vehicles to the United States and Europe remained firm, while shipments to resource-rich and emerging markets, where economic weakness continued against a backdrop of declining resource prices and other factors, remained sluggish. As a result, although the division worked to improve operating efficiency in response to changes in trading patterns, earnings deteriorated year on year.」