Risk of provisions for losses on charter contracts due to declining charter hire rates
First written in FY2019. 21 of 24 entries say "Mitigated", first in FY2020-Q3. Latest entry: 2026-08-04.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Provision for losses on charter contracts 3,206 1,598」
The balance of the provision for losses on charter contracts declined from ¥3,206 million at the end of the previous fiscal year to ¥1,598 million at the end of the interim period, reducing the risk of contract losses due to declining charter rates on a balance basis. However, a provision balance remains. - FY2025MitigatedAnnual report
「Provision for losses on charter contracts 6,204 3,230」
The balance of the provision for losses on charter contracts declined from ¥6,204 million at the end of the previous fiscal year to ¥3,230 million. Although the risk of contract losses remains, the balance decreased. - FY2025-H1MitigatedAnnual report
「Provision for losses on charter contracts 5,442 2,714」
The balance of the provision for losses on charter contracts declined from ¥5,442 million at the end of the previous consolidated fiscal year to ¥2,714 million at the end of the interim period, further reducing the risk of contract losses due to declining charter rates on a balance basis. However, a provision balance remains. - FY2024MitigatedAnnual report
「Provision for losses on charter contracts 9,609 5,442」
The balance of the provision for losses on charter contracts declined from ¥9,609 million at the end of the previous fiscal year to ¥5,442 million. Although the risk of contract losses remains, the balance decreased. - FY2024-Q3MitigatedAnnual report
「Provision for losses on charter contracts 9,609 2,389」
The balance of the provision for losses on charter contracts declined from ¥9,609 million at the end of the previous consolidated fiscal year to ¥2,389 million at the end of the third quarter, further reducing the risk of contract losses on a balance basis. - FY2024-Q2MitigatedAnnual report
「Provision for losses on charter contracts 9,609 4,804」
The balance of the provision for losses on charter contracts declined from ¥9,609 million at the end of the previous consolidated fiscal year to ¥4,804 million at the end of the second quarter, reducing the risk of contract losses on a balance basis. - FY2024-Q1MitigatedAnnual report
「Provision for losses on charter contracts 9,609 7,220」
The balance of the provision for losses on charter contracts declined from ¥9,609 million at the end of the previous consolidated fiscal year to ¥7,220 million at the end of the first quarter, reducing the risk of losses on charter contracts on a balance basis. - FY2023MitigatedAnnual report
「Provision for losses on charter contracts 13,903 9,609」
The balance of the provision for losses on charter contracts declined from ¥13,903 million at the end of the previous fiscal year to ¥9,609 million. The expense related to provisions was ¥9,492 million, and although the risk remains, the balance decreased. - FY2023-Q3MitigatedAnnual report
「Provision for losses on charter contracts 13,903 3,380」
The balance of the provision for losses on charter contracts declined from ¥13,903 million at the end of the previous consolidated fiscal year to ¥3,380 million at the end of the third quarter, further reducing the risk of contract losses on a balance basis. - FY2023-Q2MitigatedAnnual report
「Provision for losses on charter contracts 13,903 6,836」
The balance of the provision for losses on charter contracts declined from ¥13,903 million at the end of the previous consolidated fiscal year to ¥6,836 million at the end of the second quarter, reducing the risk of contract losses on a balance basis. - FY2023-Q1MitigatedAnnual report
「Provision for losses on charter contracts 13,903 10,292」
The balance of the provision for losses on charter contracts declined from ¥13,903 million at the end of the previous consolidated fiscal year to ¥10,292 million at the end of the first quarter, reducing the risk of contract losses on a balance basis. - FY2022MitigatedAnnual report
「Provision for losses on charter contracts 15,556 13,903」
On a consolidated basis, the balance of the provision for losses on charter contracts declined from ¥15,556 million at the end of the previous fiscal year to ¥13,903 million. However, ¥13,690 million was recognized as an expense related to provisions during the current fiscal year, and the risk remains. - FY2022-Q3MitigatedAnnual report
「Provision for losses on charter contracts 15,556 3,628」
The balance of the provision for losses on charter contracts declined from ¥15,556 million at the end of the previous consolidated fiscal year to ¥3,628 million at the end of the third quarter. The risk of contract losses remains, but the provision balance decreased further. - FY2022-Q2MitigatedAnnual report
「Provision for losses on charter contracts 15,556 7,518」
The balance of the provision for losses on charter contracts declined from ¥15,556 million at the end of the previous consolidated fiscal year to ¥7,518 million at the end of the second quarter. - FY2021MitigatedAnnual report
「Provision for losses on charter contracts 16,474 15,556」
On a consolidated basis, the balance of the provision for losses on charter contracts declined from ¥16,474 million at the end of the previous consolidated fiscal year to ¥15,556 million. However, ¥15,278 million was recognized as an expense related to provisions during the current fiscal year, and the risk remains. - FY2021-Q3MitigatedAnnual report
「Provision for losses on charter contracts 16,474 3,980」
The balance of the provision for losses on charter contracts declined from ¥16,474 million at the end of the previous consolidated fiscal year to ¥3,980 million at the end of the third quarter, further reducing the risk of contract losses on a balance basis. - FY2021-Q2MitigatedAnnual report
「Provision for losses on charter contracts 16,474 8,183」
The balance of the provision for losses on charter contracts declined from ¥16,474 million at the end of the previous consolidated fiscal year to ¥8,183 million at the end of the second quarter. - FY2021-Q1MitigatedAnnual report
「Provision for losses on charter contracts 16,474 12,351」
The balance of the provision for losses on charter contracts declined from ¥16,474 million at the end of the previous consolidated fiscal year to ¥12,351 million, indicating that the risk of contract losses, which had increased during the previous full fiscal year, decreased on a balance basis in the first quarter. - FY2020WorsenedAnnual report
「Expense related to provision for losses on charter contracts 15,135 16,102」
The expense related to provisions for losses on charter contracts increased from ¥15,135 million in the previous fiscal year to ¥16,102 million in the current fiscal year, and the ending balance also increased from ¥15,135 million to ¥16,474 million. The burden increased for the full fiscal year after the balance had declined through the previous quarter. - FY2020-Q3MitigatedAnnual report
「Provision for losses on charter contracts 15,135 3,710」
The balance of the provision for losses on charter contracts declined from ¥15,135 million at the end of the previous consolidated fiscal year to ¥3,710 million. Although the disclosure does not state that the risk of contract losses has been eliminated, the provision balance decreased. - FY2020-Q2MaterialisedAnnual report
「Provision for losses on charter contracts 15,135 7,461」
The balance of the provision for losses on charter contracts declined from ¥15,135 million at the end of the previous consolidated fiscal year to ¥7,461 million, but ¥51,574 million was paid in connection with charter cancellations, and the risk of contract losses continues to materialize. - FY2019MaterialisedAnnual report
「Because charter hire rates are affected to some extent by fluctuations in the charter market, there is a risk that charter hire rates will fall below vessel hire rates. Depending on the Group's policy for addressing charter contracts and trends in the charter market, it may be necessary to recognize additional provisions, which could adversely affect the Group's financial position and operating results.」
The risk of charter hire rates falling below vessel hire rates was explicitly identified as a separate risk, and ¥15,135 million was recognized during the fiscal year as an expense related to provisions for losses on charter contracts.