Intensifying Competition in the International Shipping Market and the Risk of Leaving the Alliance
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「In the container shipping business, where the competitive environment is challenging, we seek to maintain and improve service competitiveness by participating in alliances with other shipping companies. However, events beyond the control of our Group, such as the unilateral withdrawal of an alliance member, could adversely affect our Group’s operating activities, financial position and results of operations.」
The Group continued to describe alliances as a means of maintaining competitiveness while identifying external risks such as member withdrawals. - FY2018RestatedAnnual report
「In the container shipping business, where the competitive environment is challenging, we seek to maintain and improve service competitiveness by participating in alliances with other shipping companies. However, events beyond the control of our Group, such as the unilateral withdrawal of an alliance member, could adversely affect our Group’s operating activities, financial position and results of operations.」
The Group continued to describe maintaining competitiveness through alliances and external risks such as member withdrawals. - FY2018-Q1RestatedAnnual report
「Under The Alliance, which commenced service in FY2017, we will respond to diversifying customer needs and strengthen our earnings structure through more finely targeted cost reductions, while steadily preparing for the integration of the container shipping businesses of 3 Japanese shipping companies.」
The Group indicated that it would continue responding to customer needs and pursuing cost reductions after the launch of The Alliance. There was no material change in the risk of alliance withdrawal or other such risks. - FY2017RestatedAnnual report
「In the container shipping business, where the competitive environment is challenging, we seek to maintain and improve service competitiveness by participating in alliances with other shipping companies. However, events beyond the control of our Group, such as the unilateral withdrawal of an alliance member, could adversely affect our Group’s operating activities, financial position and results of operations.」
The Group continued to identify the risk of member withdrawals while using alliances as a means of maintaining competitiveness. - FY2016First statedAnnual report
「In the container shipping business, where the competitive environment is challenging, we seek to maintain and improve service competitiveness by participating in alliances with other shipping companies. However, events beyond the control of our Group, such as the unilateral withdrawal of an alliance member, could adversely affect our Group’s operating activities, financial position and results of operations.」
The Group uses alliances to maintain competitiveness, while identifying the withdrawal of other companies as an external risk.