Idle-asset risk in shipping and real estate
First written in FY2017. 9 of 22 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-08-04.
No other company in this theme has enough history to compare yet.
- 2026-08-04MitigatedEarnings
「The Company secured stable revenue because the impact of vessels entering dry dock declined from the same period of the previous year, and because it worked to deploy vessels efficiently, mainly under existing contracts.」
The disclosure states that the impact of operating constraints from vessels entering dry dock decreased year on year. - FY2026MaterialisedAnnual report
「Some vessels experienced reduced utilisation due to scheduled dry-docking repairs.」
It states that some vessels actually experienced reduced utilisation due to scheduled dry-docking repairs. - FY2026-H1MaterialisedAnnual report
「Some vessels experienced reduced utilisation due to scheduled dry-docking repairs.」
In the ocean shipping business, vessels actually experienced reduced utilisation due to scheduled dry-docking repairs. The impact of repair work associated with dry-docking in the coastal and near-seas shipping businesses is also described. - FY2025MaterialisedAnnual report
「As a change in the timing of the vessel sale resulted in a period during which the vessel was out of service, the related costs have been recorded.」
The vessel was actually taken out of service due to a change in the timing of its sale, and ¥449 million in costs related to the idle asset, including depreciation and fuel expenses, was recorded. - FY2025-H1MaterialisedAnnual report
「At Iino Hall & Conference Center, part of the Group, revenue declined substantially because the facility was temporarily closed for sound equipment upgrade work, but operations proceeded smoothly after the facility reopened.」
A temporary closure due to acoustic equipment renewal work and a substantial decline in revenue actually occurred. It states that operations proceeded smoothly after the venue reopened. - FY2024-Q3RestatedAnnual report
「Some of the large crude oil tankers underwent dry-docking repairs, but the continued deployment of the controlled fleet under long-term contracts contributed to supporting earnings.」
It states that, despite underutilisation caused by dry-docking of some vessels, deployment under long-term contracts supported earnings. - FY2023-Q3RestatedAnnual report
「At the buildings owned by the Company, office floors continued to operate steadily, enabling us to maintain stable earnings. Although commercial floors were affected by the infectious disease, we were able to eliminate some vacancies.」
It describes the stable operation of the office floors and the elimination of some vacancies on the retail floors, reconfirming the measures being taken in response to the impact of real estate underutilisation. - FY2023-Q2MitigatedAnnual report
「At the buildings owned by the Company, office floors generally continued to operate steadily, enabling us to maintain stable earnings. Although commercial floors were affected by the infectious disease, we were able to eliminate some vacancies.」
It states that the steady operation of the office floors and the elimination of some vacancies on the retail floors partially reduced the impact of real estate underutilisation. - FY2023-Q1MitigatedAnnual report
「The office floors of buildings owned by the Company continued to operate generally steadily, allowing it to maintain stable revenue. Although the retail floors were affected by the infectious disease, some vacancies were eliminated.」
It states that the steady operation of the office floors and the elimination of some vacancies on the retail floors partially reduced the impact of real estate underutilisation. - FY2022-Q2MaterialisedAnnual report
「The earnings of the large crude oil tanker business deteriorated because some vessels experienced prolonged periods of underutilisation due to scheduled repairs. However, the Group continued to deploy its controlled fleet under long-term contracts in an effort to secure stable revenue.」
Prolonged underutilisation due to scheduled repairs actually occurred among the large crude oil tankers, contributing to deteriorating earnings. - FY2022-Q1WorsenedAnnual report
「At the IINO Hall & Conference Center operated by the Group, the re-declaration of a state of emergency due to the resurgence of the infectious disease and restrictions on holding events significantly affected utilisation and revenue while demand for events showed no recovery.」
The resurgence of the infectious disease and restrictions on holding events again significantly increased the impact of underutilisation on hall and meeting-room utilisation and revenue. - FY2021-Q3MitigatedAnnual report
「At Iino Hall & Conference Center, part of the Group, operations and revenue were significantly affected by the infectious disease. From October onward, however, events increasingly used streaming and recording despite reduced audience numbers, and operations and revenue began to improve.」
It states that conditions began to improve from October onward as events were held using streaming and recording, in response to the deterioration in hall utilisation and revenue caused by the infectious disease. - FY2021-Q2WorsenedAnnual report
「At Iino Hall & Conference Center, part of the Group, revenue declined substantially because the hall was temporarily closed for renovation work to improve its facilities, in addition to the impact of the infectious disease. However, operations gradually began to improve from late September as restrictions on events were eased.」
In addition to the infectious disease, temporary closures due to renovation work occurred, increasing the impact on the utilisation and revenue of the hall business. However, it states that conditions began to improve from late September. - FY2021-Q1MaterialisedAnnual report
「The IINO Hall & Conference Center operated by the Group was temporarily closed in response to the declaration of a state of emergency due to the spread of infectious diseases and requests to refrain from holding events, significantly affecting revenue.」
The rental halls and meeting rooms were temporarily closed in response to requests to refrain from holding events due to an infectious disease, resulting in an actual impact on the utilisation and revenue of the real estate-related business. - FY2020-Q3MitigatedAnnual report
「At the rental buildings, the Iino Building experienced vacancies following the relocation of some office tenants, resulting in lower profit. However, new tenants have already begun moving in, the building is expected to be fully operational shortly, and revenue is improving.」
As new tenants continue to move in following the vacancy-related underutilisation at the Iino Building, the building is approaching full occupancy. - FY2020-Q2MitigatedAnnual report
「New tenants have already begun moving in, revenue is improving, and the building is expected to reach full occupancy in stages.」
While the Iino Building experienced underutilisation due to vacancies, revenue is expected to improve as new tenants move in, with full occupancy anticipated. - FY2020-Q1MaterialisedAnnual report
「The Iino Building experienced a vacancy period following the relocation of some office tenants, resulting in lower profit.」
A vacancy period at the Iino Building following tenant relocations became a factor behind lower profit in the real estate business. - FY2019RestatedAnnual report
「The vessels, buildings and other assets used by the Group may experience unexpected downtime due to natural disasters, accidents caused by human error, poor-quality fuel oil or other unforeseen circumstances.」
The risk of underutilisation of vessels and real estate continues to be explicitly disclosed. - FY2018MaterialisedAnnual report
「In the real estate business, utilization declined in the previous fiscal year due to the changeover of owned buildings associated with the Shimbashi Tamuramachi district urban redevelopment project and the disposal of Sasazuka Center Building, among other factors.」
The decline in real estate utilization actually occurred as a result of the changeover of owned buildings associated with the redevelopment and the disposal of buildings. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company classifies vessel and real estate idling risk as involving no new occurrence or material change. - FY2018-Q1MaterialisedAnnual report
「In the real estate business, utilization declined in the previous fiscal year due to the changeover of owned buildings associated with the Nishi-Shimbashi 1-chome redevelopment and the disposal of Sasazuka Center Building, among other factors.」
The company describes the actual decline in real estate utilization resulting from the changeover and disposal of owned buildings. - FY2017First statedAnnual report
「The vessels, buildings and other assets used by the Group may experience unexpected downtime due to natural disasters, accidents caused by human error, poor-quality fuel oil or other unforeseen circumstances.」
The company explicitly identifies downtime caused by accidents or unforeseen circumstances involving vessels and buildings, and by non-renewal or early termination of lease agreements, as a risk.