Structural Reform of the Dry Bulk Business and Reduction of Exposure to Medium- and Small-Sized Vessels
First written in FY2016. 21 of 41 entries say "Advanced", first in FY2017. Latest entry: 2026-08-04.
1 other company's latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported lower revenue and profit than in the previous fiscal year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, but reported lower revenue and profit for the full fiscal year than in the previous fiscal year. - FY2026-H1WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported lower revenue and profit year on year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, but revenue declined 16.9% year on year and segment profit fell from ¥7.3 billion to ¥0.9 billion, resulting in lower revenue and profit. - FY2025AdvancedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported higher revenue and profit than in the previous fiscal year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, and improved from lower revenue and profit in FY2024 to higher revenue and profit in the current fiscal year. - FY2025-H1AdvancedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported higher revenue and profit year on year. Segment profit (¥100 million) 28 62 34 (122.0%)」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, and dry bulk segment profit increased from ¥2.8 billion in the same period of the previous year to ¥6.2 billion. After the lower revenue and profit recorded in FY2024, performance improved to higher revenue and profit in the first half of the current fiscal year. - FY2024WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. However, due to the lagged effects of contracts concluded in the previous fiscal year and one-off factors, the dry bulk segment overall reported lower revenue and profit than in the previous fiscal year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, but the dry bulk segment reported lower revenue and profit than in the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported lower revenue and profit year on year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, while the dry bulk segment reported revenue of ¥216.3 billion and segment profit of ¥1.6 billion, down from ¥247.7 billion and ¥21.4 billion, respectively, in the same period of the previous year. - FY2024-Q2WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported lower revenue and profit year on year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, while revenue declined from ¥171.5 billion in the same period of the previous year to ¥137.5 billion and segment profit fell from ¥24.8 billion to ¥2.8 billion. - FY2024-Q1WorsenedAnnual report
「Against this backdrop, the dry bulk segment worked to manage market exposure appropriately while reducing operating costs and improving vessel deployment efficiency. Overall, the dry bulk segment reported lower revenue and profit year on year.」
The segment continued to manage market exposure, reduce operating costs and improve vessel deployment efficiency, but revenue and profit in the dry bulk segment declined from profit of ¥14.5 billion in the same period of the previous year to ¥1.5 billion. - FY2023Higher revenue, lower profitAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue but lower profit than in the previous fiscal year.」
Although the company continued managing market exposure, reducing operating costs and improving fleet deployment efficiency, full-year revenue increased while segment results declined from ¥23.7 billion in the previous fiscal year to ¥21.6 billion. - FY2023-Q3AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded year-on-year increases in both revenue and profit.」
As a result of continuing to manage market exposure, reduce operating costs and improve fleet deployment efficiency, dry bulk segment results increased from ¥14.7 billion in the same period of the previous fiscal year to ¥23.1 billion. - FY2023-Q2AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded year-on-year increases in both revenue and profit. Segment results (¥100 million) 59 260 201 (342.8%)」
By continuing to manage market exposure, reduce operating costs and improve fleet deployment efficiency, dry bulk segment results increased from ¥5.9 billion in the same period of the previous fiscal year to ¥26.0 billion. - FY2023-Q1AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded year-on-year increases in both revenue and profit.」
As a result of managing market exposure, reducing operating costs and improving fleet deployment efficiency, the dry bulk segment recorded year-on-year increases in both revenue and profit. Segment results increased from ¥900 million in the same period of the previous fiscal year to ¥15.0 billion. - FY2022AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue than in the previous fiscal year and returned to profitability.」
Following the first through third quarters, the dry bulk segment also returned to profitability for the full year from a loss in the previous fiscal year. Full-year segment results were ¥23.744 billion. - FY2022-Q3AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability. Segment results (¥100 million) △76 147 224 ( － )」
By continuing to manage market exposure, reduce operating costs and improve fleet deployment efficiency, cumulative segment results through the third quarter improved from a ¥7.6 billion loss in the same period of the previous fiscal year to a ¥14.7 billion profit. - FY2022-Q2AdvancedAnnual report
「Under these conditions, the dry bulk segment appropriately managed market exposure while reducing operating costs and improving fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability. Segment results (¥100 million) △93 59 151 ( － )」
As a result of managing market exposure, reducing operating costs and improving fleet deployment efficiency, dry bulk segment results improved from a ¥9.3 billion loss in the same period of the previous fiscal year to a ¥5.9 billion profit. - FY2022-Q1AdvancedAnnual report
「Under these conditions, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability by appropriately managing market exposure while reducing operating costs and improving fleet deployment efficiency.」
The supply-demand balance for large-vessel capacity improved, while transportation demand for medium-sized and small vessels also increased. As a result of managing market exposure, reducing operating costs and improving fleet deployment efficiency, segment results improved from a ¥4.4 billion loss in the same period of the previous fiscal year to a ¥900 million profit. - FY2021WorsenedAnnual report
「As a result, although the dry bulk segment as a whole worked to reduce operating costs, optimize fleet size and hedge market volatility risk using freight futures agreements (FFAs), the impact of weak market conditions, particularly in the first half, resulted in lower revenue than in the previous fiscal year and a loss.」
Although the company reduced operating costs, optimized fleet size and implemented hedging using FFAs, full-year segment results deteriorated from a ¥4.089 billion profit in the previous fiscal year to a ¥9.136 billion loss. - FY2021-Q3WorsenedAnnual report
「Regarding the supply-demand balance for fleet capacity, shipyard operations, which had declined amid the spread of COVID-19, recovered and newbuild deliveries reached a high level, but scrapping of medium-sized and small vessels did not progress, so the supply-demand gap did not improve. As a result, although the dry bulk segment as a whole worked to reduce operating costs and improve fleet deployment efficiency and actively optimized fleet size, primarily through the disposal of older vessels, the effects of weak market conditions in the previous fiscal year persisted, resulting in lower revenue year on year and a loss.」
Although the company advanced operating cost reductions, more efficient fleet deployment and the disposal of older vessels, the supply-demand gap for fleet capacity did not improve, and the dry bulk segment deteriorated from a profit in the same period of the previous fiscal year to a loss. - FY2021-Q2WorsenedAnnual report
「Under these conditions, the dry bulk segment as a whole worked to reduce operating costs and improve fleet deployment efficiency, but the effects of weak market conditions in the previous fiscal year persisted, resulting in lower revenue year on year and a loss.」
Although the company continued reducing operating costs and improving fleet deployment efficiency, the lingering effects of weak market conditions in the previous fiscal year caused the dry bulk segment to deteriorate from a profit in the same period of the previous fiscal year to a ¥9.3 billion loss. - FY2021-Q1WorsenedAnnual report
「Under these conditions, the dry bulk segment as a whole worked to reduce operating costs and improve fleet deployment efficiency, but revenue declined year on year and the loss widened.」
Although the company continued reducing operating costs and improving fleet deployment efficiency, stagnant cargo volumes caused by COVID-19 and deteriorating weather in Brazil, among other factors, together with surplus fleet capacity, resulted in a wider dry bulk loss than in the same period of the previous fiscal year. - FY2020Lower revenue and lower profit for the full yearAnnual report
「Although we worked to reduce operating costs and improve fleet deployment efficiency, vessel downtime for installation work on equipment to comply with environmental regulations and other factors resulted in lower revenue and profit in the dry bulk segment as a whole compared with the previous fiscal year.」
Although the company continued reducing operating costs and improving fleet deployment efficiency, vessel downtime related to the installation of equipment to comply with environmental regulations and other factors resulted in lower revenue and profit year on year in the dry bulk segment, which recorded revenue of ¥233.781 billion and segment profit of ¥4.089 billion. - FY2020-Q3AdvancedAnnual report
「Under these conditions, the dry bulk segment as a whole recorded lower revenue year on year, but profit increased as a result of efforts to reduce operating costs and improve fleet deployment efficiency.」
Although dry bulk market conditions turned weaker from the middle of the period, profit increased due to reductions in operating costs and more efficient fleet deployment. Segment profit increased from ¥3.539 billion in the same period of the previous fiscal year to ¥3.963 billion. - FY2020-Q2WorsenedAnnual report
「The performance of our dry bulk business in the first half of the first six months declined in both revenue and profit, as the effects of weak market conditions in the second half of the previous fiscal year persisted.」
Although market conditions for both large vessels and medium-sized and small vessels were considered to be recovering, the effects of the weakness in the second half of the previous fiscal year persisted, resulting in lower revenue and profit in the dry bulk business. Segment profit declined from ¥2.090 billion in the same period of the previous fiscal year to ¥197 million. - FY2020-Q1WorsenedAnnual report
「Under these conditions, the dry bulk business worked to reduce operating costs and improve fleet deployment efficiency. However, due to the effects of weak market conditions at the beginning of the fiscal year, the dry bulk segment as a whole recorded lower revenue year on year and posted a loss.」
Although the company continued reducing operating costs and improving fleet deployment efficiency, the impact of weak market conditions at the beginning of the fiscal year caused the dry bulk business to shift from a profit in the same period of the previous fiscal year to a loss in the first quarter. - FY2019AdvancedAnnual report
「Expansion of the stable-earnings fleet and optimization of the core market-exposed fleet, including medium-sized and small vessels」
The company translated its structural reform policy into specific priorities for each business: expanding the stable-earnings fleet and optimizing the market-exposed fleet, including medium-sized and small vessels. - FY2019-Q3RestatedAnnual report
「Under these conditions, we worked to reduce operating costs and improve fleet deployment efficiency across the dry bulk business. As a result, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability.」
The company reconfirmed its continued reduction of operating costs, improvement of fleet deployment efficiency and the dry bulk segment's return to profitability. The return to profitability had already been reported through the previous quarter and is not a new milestone. - FY2019-Q2AdvancedAnnual report
「Large-vessel market conditions rose sharply as cargo volumes increased in the Atlantic, and average rates on major routes recovered to the US$20,000 range from early July through August. Although there were periods when the supply-demand balance for medium-sized and small vessels temporarily loosened, market conditions remained firm, supported by strong grain cargo volumes from South America and the Black Sea. Scrapping declined year on year, but the supply pressure from newbuild deliveries was limited, resulting in an improved supply-demand balance and generally firm market conditions. In the dry bulk business as a whole, we also worked to reduce operating costs and improve fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability.」
Against a backdrop of improved supply-demand conditions, market conditions remained firm, and as a result of reducing operating costs and improving fleet deployment efficiency, the dry bulk segment returned from a ¥1.2 billion loss in the same period of the previous fiscal year to a ¥2.1 billion profit. - FY2019-Q1AdvancedAnnual report
「In the dry bulk business, we worked to reduce operating costs and improve fleet deployment efficiency. As a result, the dry bulk segment as a whole recorded higher revenue year on year and returned to profitability.」
As a result of continued operating cost reductions and more efficient fleet deployment, the dry bulk segment returned to profitability from a loss in the same period of the previous fiscal year. - FY2018AdvancedAnnual report
「Regarding the disposal and sale of major property, plant and equipment during the fiscal year, 8 vessels held in the tramp shipping segment were sold, with a combined carrying amount of ¥7.501 billion.」
The company continued structural reforms centered on dry bulk and sold 8 vessels held in the tramp shipping segment during the fiscal year. - FY2018-Q3AdvancedAnnual report
「As a result of efforts to reduce operating costs and improve fleet deployment efficiency, the Group recorded higher revenue and a smaller loss year on year.」
In the dry bulk business, the company continued reducing operating costs and improving fleet deployment efficiency, resulting in higher revenue and a smaller loss year on year. The tramp shipping segment as a whole returned to profitability. - FY2018-Q2AdvancedAnnual report
「Although dry bulk market conditions entered a recovery phase supported by firm cargo volumes, the balance between fleet supply and demand is not expected to improve significantly because newbuild deliveries are increasing and scrapping is declining. The Group will continue working to improve operating efficiency and reduce costs, while advancing the portfolio transformation strategy set out in its medium-term management plan and working to expand stable earnings through an optimal fleet composition.」
In dry bulk, the company continued to improve operating efficiency and reduce costs, and advanced the expansion of stable earnings through structural reform and portfolio transformation. The tramp shipping segment returned to profitability on a cumulative basis through the second quarter. - FY2018-Q1AdvancedAnnual report
「Over the two fiscal years comprising the previous two fiscal years, the Group implemented structural reforms in the dry bulk, containership, offshore resource development and heavy-lift vessel businesses to strengthen competitiveness. In addition to the effects of these reforms, the Group pursued measures to improve profitability, including ongoing cost reductions and more efficient fleet deployment.」
The company characterized the structural reforms implemented over 2 fiscal years as complete, and advanced cost reductions and more efficient fleet deployment in addition to their effects. The containership and tramp shipping businesses returned to profitability in the first quarter. - FY2017AdvancedAnnual report
「Regarding the disposal and sale of major property, plant and equipment during the fiscal year, 17 vessels held in the tramp shipping segment were sold, with a combined carrying amount of ¥11.182 billion.」
As a specific development in the structural reforms, the company sold 17 owned vessels. - FY2017-Q3RestatedAnnual report
「In the dry bulk business, while demand for seaborne transportation is expected to continue growing marginally, adjusting the global surplus of fleet capacity is expected to take time. We will continue working to improve operating efficiency, secure cost competitiveness through the disposal of uneconomic vessels and other measures, and strengthen an earnings structure less susceptible to market conditions.」
Based on the outlook that adjusting surplus fleet capacity will take time, the company continues to improve operating efficiency, dispose of uneconomic vessels and secure cost competitiveness. - FY2017-Q2RestatedAnnual report
「In addition to continuing efforts to improve operating efficiency, we will secure cost competitiveness by advancing structural reforms, including reducing fleet capacity centered on medium-sized and small vessels, and will work to strengthen an earnings structure less susceptible to market conditions.」
The company continues structural reforms, including improving operating efficiency and reducing fleet capacity centered on medium-sized and small vessels. - FY2017-Q1RestatedAnnual report
「The Group worked to reduce free vessels and high-cost vessels through charter cancellations and vessel disposals as part of its structural reforms, while also reducing operating costs and improving fleet deployment efficiency. However, affected by weak market conditions, revenue declined year on year and a loss was recorded.」
As part of the structural reform of the dry bulk business, the company continues to reduce free vessels and high-cost vessels through charter cancellations and vessel disposals. - FY2016First statedAnnual report
「Implementation of structural reforms focused on the dry bulk business, particularly reducing exposure to medium-sized and small vessels」
The company stated that it implemented structural reforms during the fiscal year involving the disposal of owned vessels, early termination of charter contracts and impairment losses.