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Tamai Steamship (9127) · InitiativeAdvanced

Improving domestic shipping profitability through freight-rate negotiations and bunker surcharges

First written in FY2021. 7 of 13 entries say "Advanced", first in FY2022. Latest entry: 2026-11-04.

13entries
6years
2from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2021 – FY2022-Q1RestatedFY2023-Q3 – FY2024-Q1AdvancedFY2024 – FY2027-H12021: 220212022: 220222023: 320232024: 220242025: 120252026: 32026
Same theme, other companies
Improved profitability from domestic cargo vessel freight rate revisions and fuel surchargesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-11-04RestatedResults

    「In the domestic cargo business, freight revenue increased due to higher rates for some services and bunker surcharges. As a result of higher revenue from the other shipping business, driven by the steadily performing ship management business, revenue reached ¥539 million, up ¥49 million, or 10.2%, from the previous interim consolidated accounting period.」

    一部運賃の値上げとバンカーサーチャージによる内航収益補完策を継続し、内航海運業の営業収益が増加している。
  2. FY2027-H1AdvancedAnnual report

    「In the domestic cargo business, freight revenue increased due to higher rates for some services and bunker surcharges. As a result of higher revenue from the other shipping business, driven by the steadily performing ship management business, revenue reached ¥539 million, up ¥49 million, or 10.2%, from the previous interim consolidated accounting period.」

    Revenue support from rate increases and bunker surcharges continued, while higher revenue from the ship management business also contributed, resulting in a 10.2% year-on-year increase in operating revenue from the domestic shipping business.
  3. 2026-05-29AdvancedGeneral Meetings of Shareholders

    「今後は引き続き用船料・運賃の適正価格への交渉を行うとともにコスト削減に取組み、収益性向上を行って参ります。」

    内航海運業の課題として、船費上昇を踏まえた用船料・運賃交渉とコスト削減を今後の具体的な対応として明示している。
  4. FY2025AdvancedAnnual report

    「Operating revenue was ¥992 million, up ¥32 million, or 3.4%, from the previous fiscal year, as transport volumes and per-unit freight rates rose in the dry bulk division and charter fees increased in the tanker division.」

    Improved domestic shipping profitability through revisions to freight rates and charter rates was reflected in the fiscal-year results, and operating revenue in the domestic shipping business increased 3.4%.
  5. FY2025-H1AdvancedAnnual report

    「Operating revenue increased to ¥502 million, up ¥12 million, or 2.5%, from the previous interim consolidated accounting period, owing to higher freight revenue resulting from increases in the number of voyages and transportation volume, as well as higher charter revenue resulting from higher charter rates.」

    In the domestic shipping segment, increases in the number of voyages, transportation volume and charter rates were reflected in the results, with operating revenue rising to ¥502 million, up 2.5% year on year. Profitability is improving through freight revenue and charter revenue.
  6. FY2024AdvancedAnnual report

    「Operating revenue in the tanker segment increased by ¥13 million, or 1.4%, from the previous consolidated fiscal year to ¥959 million, owing to higher charter rates.」

    In the domestic shipping segment, tanker charter rates were increased, and operating revenue rose 1.4% year on year. The fiscal-year results show improved profitability through revisions to freight rates and charter rates.
  7. FY2024-Q1RestatedAnnual report

    「Operating revenue in the dry bulk business increased partly because higher freight rates and bunker surcharges took hold, reaching ¥240 million, up ¥15 million, or 6.7%, from the first quarter of the previous fiscal year.」

    The Company continues measures to supplement earnings in domestic dry bulk shipping through higher freight rates and the introduction and penetration of bunker surcharges. Operating revenue increased 6.7% year on year.
  8. FY2023RestatedAnnual report

    「Although bunker surcharges increased in the dry bulk segment, transportation volume declined, resulting in an overall decrease in revenue.」

    The Company continues its policy of introducing bunker surcharges in response to higher fuel prices, but lower transportation volume resulted in a decrease in revenue in the domestic dry bulk segment.
  9. FY2023-Q3RestatedAnnual report

    「Although bunker surcharges increased in the dry bulk segment, the number of voyages declined, resulting in an overall decrease in revenue.」

    The policy of introducing bunker surcharges in response to higher fuel oil prices continues. Meanwhile, the decline in the number of voyages also contributed to lower revenue in the domestic dry bulk segment.
  10. FY2023-Q1AdvancedAnnual report

    「Operating revenue in the dry bulk business increased partly because higher freight rates and bunker surcharges took hold, reaching ¥240 million, up ¥15 million, or 6.7%, from the first quarter of the previous fiscal year.」

    The Company states that, moving beyond the previous negotiations for higher freight rates and the introduction of bunker surcharges, both measures have been implemented in practice and contributed to higher earnings in domestic dry bulk shipping.
  11. FY2022AdvancedAnnual report

    「For vessels operated in the domestic shipping business, we have introduced fuel oil price fluctuation adjustment charges with certain shippers since the current fiscal year to address the increase in costs resulting from the substantial rise in fuel prices.」

    The Company states that, in addition to the existing measures of negotiating higher freight rates and introducing bunker surcharges to improve the profitability of domestic cargo vessels, it introduced fuel oil price fluctuation adjustment charges from the current fiscal year.
  12. FY2022-Q1RestatedAnnual report

    「In the general cargo vessel segment, the company will negotiate higher freight rates to improve the profitability of one regularly chartered cargo vessel and will seek to introduce a bunker surcharge to address the increase in operating costs caused by higher fuel oil prices.」

    The Company continues measures to improve the profitability of domestic cargo vessels through negotiations for higher freight rates and the introduction of bunker surcharges.
  13. FY2021First statedAnnual report

    「To improve the profitability of one time-chartered cargo vessel, we will negotiate higher freight rates and seek to introduce bunker surcharges to address the increase in freight costs resulting from higher fuel oil prices.」

    The Company sets out, for the first time in specific terms, negotiations for higher freight rates and the introduction of bunker surcharges to pass on higher fuel oil prices as measures to improve the profitability of domestic cargo vessels.
Moved together

"Improving liquidity through asset sales and amended repayment terms" moved the same way as this thread, in the same document, in 5 of its 13 moves.

544433★123456
  1. ★This thread
  2. 1Improving liquidity through asset sales and amended repayment terms5×
  3. 2Risk from a stronger yen due to excess U.S. dollar-denominated revenue4×
  4. 3Funding management through bank borrowings and cash on hand4×
  5. 4Earnings recovery through cost reductions4×
  6. 5Balancing a Stronger Financial Position with Stable Dividends3×
  7. 6Rent reductions and lower real estate rental revenue due to COVID-193×

★ 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
No upcoming earnings preview for Tamai Steamship yet. It last moved in the Results of 2026-11-04: "Restated".
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