Komori
Mitsui O.S.K.Lines (9104) · RiskMitigated

Sale of Vessels and Other Assets, Early Termination of Charter Contracts, and Impairment

First written in FY2017. 2 of 7 entries say "Materialised", first in FY2019. Latest entry: FY2026.

7entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017MaterialisedFY2019 – FY20232017: 120172018: 020182019: 120192020: 020202021: 120212022: 020222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Impairment Risk for Vessel AssetsA theme 10 companies write about · 12 as a headwind · 0 as a tailwind

Mitsui O.S.K.Lines moved to the "Worse" side of this theme in 2019, 2 years after the typical company in this theme (2017).

The whole theme swung hardest in 2023: 4 of 6 companies on the "Worse" side.

3 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「During the fiscal year, the Group recognized impairment losses on the following asset groups.」

    Impairment losses on property, plant and equipment decreased from ¥11,221 million in the previous fiscal year to ¥3,837 million, but impairment recognition continued on vessels and other assets in the energy business.
  2. FY2025WorsenedAnnual report

    「During the consolidated fiscal year, the carrying amounts of operating assets of the Company and its consolidated subsidiaries whose profitability had deteriorated significantly, including LNG bunker vessels in the energy business, were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses under extraordinary losses.」

    Total impairment losses on property, plant and equipment were ¥11,221 million, with impairments arising not only on vessels and other assets in the energy business but also on assets scheduled for disposal and idle assets.
  3. FY2024MitigatedAnnual report

    「During the consolidated fiscal year, the carrying amounts of groups of operating assets at consolidated subsidiaries, including LNG bunker vessels in the energy business whose profitability had deteriorated significantly, were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses under extraordinary losses.」

    Impairment of LNG bunker vessels continued, but impairment losses decreased to ¥1,927 million from ¥4,008 million in the previous fiscal year.
  4. FY2023MaterialisedAnnual report

    「During the consolidated fiscal year, the carrying amounts of groups of operating assets, including LNG bunker vessels in the energy business, whose profitability had deteriorated significantly were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses under extraordinary losses.」

    The risk of deteriorating profitability in vessels and other assets again materialized during the fiscal year as impairment losses of ¥4,000 million, including LNG bunker vessels and other assets.
  5. FY2021WorsenedAnnual report

    「During the consolidated fiscal year, the carrying amounts of groups of operating assets, including FSRUs in the energy transportation business, whose profitability had deteriorated significantly were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses under extraordinary losses.」

    The risks of vessel sales, early termination of charter contracts and impairment materialized as impairment losses of ¥10,298 million on vessels and other assets, including ¥6,184 million related to FSRUs.
  6. FY2019MaterialisedAnnual report

    「During the consolidated fiscal year, for assets held for sale in the energy transportation business whose expected selling prices were below their carrying amounts, the carrying amounts were written down to their recoverable amounts, and the resulting reductions were recognized as impairment losses under extraordinary losses.」

    The risk of vessel sales and impairment materialized as an impairment loss of ¥1,377 million on assets held for sale.
  7. FY2017First statedAnnual report

    「As the shipping market deteriorates, the profitability of the vessels held by the Group may decline, resulting in the recognition of impairment losses. Consequently, the Group's operating results and financial position may be affected.」

    The risks of vessel sales, charter contract cancellations and impairment resulting from market deterioration, technological innovation and regulatory changes were disclosed. During the consolidated fiscal year, impairment losses of ¥22,273 million were recognized on vessels and other assets.
Moved together

"Transformation of the Business Portfolio, Business Model and Business Domains" moved the same way as this thread, in the same document, in 4 of its 7 moves.

443333★123456
  1. ★This thread
  2. 1Transformation of the Business Portfolio, Business Model and Business Domains4×
  3. 2Impairment losses on investment securities4×
  4. 3Marine Fuel Oil Price Fluctuations3×
  5. 4Establishment of a Sales Headquarters and Capture of Regional Growth Opportunities3×
  6. 5Focused Investment in Logistics, Terminals and Real Estate3×
  7. 6Profit and Financial Metrics Targets for 2027 under Rolling Plan 20173×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mitsui O.S.K.Lines's next results are scheduled for 2026-11-09. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.