Increase in ballast voyages due to a decline in cargo for emerging markets
First written in FY2017-Q1. 5 of 17 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021MitigatedAnnual report
「Operating revenue was ¥3,826 million, down ¥383 million, or 9.1%, from the previous consolidated fiscal year. Although cargo shipped from Japan overseas declined and freight rates fell substantially due to the COVID-19 pandemic, the increase in vessels chartered to other companies helped offset the decline.」
Although cargo shipped overseas and freight rates continued to decline, the increase in vessels chartered to other companies helped offset the decline in revenue. - FY2021-Q3RestatedAnnual report
「Operating revenue was ¥2,824 million, up ¥20 million, or 0.7%, from the first nine months of the previous fiscal year. Freight rates declined substantially due to the reduction in cargo shipped from Japan overseas, but this was offset by a substantial increase in charter income.」
Cargo shipped from Japan overseas and freight rates continued to decline, but operating revenue in the ocean shipping business increased 0.7% year on year due to a substantial increase in charter income. - FY2021-Q2Earnings improved despite continued cargo declinesAnnual report
「In the current quarter, operations using the company's own cargo also declined due to the impact of the COVID-19 pandemic in the previous quarter, and earnings growth stagnated as the company was heavily affected by the deteriorated market.」
It explains that operations using the company's own cargo declined due to the COVID-19 pandemic and were affected by the deteriorated market. At the same time, consolidated operating revenue increased year on year and the loss narrowed. - FY2021-Q1WorsenedAnnual report
「In the current quarter, the market deteriorated substantially from the previous year due to the impact of the COVID-19 pandemic, but earnings improved from the previous year and the company aims to continue improving.」
It states that the shipping market deteriorated substantially year on year due to the COVID-19 pandemic. At the same time, it states that earnings improved year on year. - FY2020WorsenedAnnual report
「In the current quarter, earnings deteriorated due to stagnant shipping market conditions and the slowdown in the shipping market associated with the COVID-19 pandemic, abnormal weather and other operational risks, as well as declining earnings resulting from the sharp fall in compliant fuel prices accompanying the decline in crude oil prices.」
In addition to stagnant shipping market conditions and the slowdown caused by the pandemic, the decline in earnings resulting from the sharp fall in compliant fuel prices contributed to the deterioration in the year's earnings from the previous year. - FY2020-Q3WorsenedAnnual report
「In the current quarter, earnings deteriorated due to the stagnant shipping market accompanying the continuing slowdown in the global economy, abnormal weather, poor-quality fuel and other operational risks, as well as higher costs for cleaning and preparing fuel tanks for the switch to compliant fuel and for the sharp rise in compliant fuel prices.」
It states that earnings deteriorated year on year due to the stagnant shipping market accompanying the global economic slowdown, abnormal weather, poor-quality fuel, preparations for the switch to compliant fuel and higher compliant fuel prices. - FY2020-Q1WorsenedAnnual report
「In the current quarter, earnings deteriorated from the previous year due to the stagnant shipping market accompanying continuing disruptions in the global economy, abnormal weather, poor-quality fuel and other operational risks.」
It states that earnings deteriorated year on year due to stagnant shipping market conditions, abnormal weather, poor-quality fuel and other operational risks. - FY2019RestatedAnnual report
「Although earnings improved from the previous consolidated fiscal year, the company continues to be affected by stagnant market conditions, abnormal weather, poor-quality fuel and other operational risks, and aims to achieve further improvement going forward.」
While broad operational risks, including stagnant market conditions, abnormal weather and poor-quality fuel, remain, the company continues to state that earnings improved from the previous year. - FY2019-Q3ReframedAnnual report
「Although earnings improved from the previous year, the company remains affected by weak market conditions, abnormal weather, poor-quality fuel and other operational risks, and aims to achieve further improvement going forward.」
The wording continues to state that broad operational risks, including weak market conditions, abnormal weather and poor-quality fuel, affect earnings, replacing the descriptions of declining cargo for emerging markets and vessel supply and demand. - FY2019-Q2ReframedAnnual report
「The company faces the continuing effects of weak market conditions, abnormal weather, poor-quality fuel and other operational risks, but aims to achieve further improvement going forward.」
The previous explanations concerning declining cargo, ballast voyages and vessel supply and demand have shifted to broader wording covering operational risks including the effects of weak market conditions, abnormal weather and poor-quality fuel. - FY2018ReframedAnnual report
「Earnings have deteriorated due to the continued decline in earnings from executing shipments during weak market conditions and other operational risks, although performance has improved from the previous year and the recovery remains incomplete.」
The previous descriptions of declining cargo for emerging markets and an overall supply-demand imbalance have been replaced with a specific explanation that executing shipments during weak market conditions causes earnings to deteriorate. - FY2018-Q3ReframedAnnual report
「Weak freight rates resulting from continued weakness in shipping market conditions following the substantial increase in vessels in the past, along with other operational risks, have resulted in persistently poor business performance.」
The description of an overall imbalance between vessel capacity and trade volume has been replaced with a description of weak shipping market conditions and freight rates following the substantial increase in vessels in the past. - FY2018-Q1ReframedAnnual report
「Weak freight rates due in part to stalled improvement in the overall imbalance between vessel supply and trade volume」
The specific wording referring to declining cargo for emerging markets and increased ballast voyages has been replaced with the broader description of weak freight rates caused by an overall supply-demand imbalance between vessel capacity and trade volume. - FY2017RestatedAnnual report
「Continued increase in ballast voyages accompanying the decline in cargo due to the prolonged recession in emerging markets」
The decline in cargo for emerging markets and the increase in ballast voyages continue to be cited as factors behind weaker performance in the ocean shipping segment. - FY2017-Q3RestatedAnnual report
「Continued increase in ballast voyages accompanying the decline in cargo for emerging markets」
The decline in cargo for emerging markets and the resulting increase in ballast voyages continue to be cited as factors behind weaker performance in the ocean shipping segment. - FY2017-Q2RestatedAnnual report
「Increase in ballast voyages accompanying a decline in cargo for emerging markets」
The increase in ballast voyages due to declining cargo for emerging markets is again cited as a factor behind weaker performance in the ocean shipping segment. - FY2017-Q1First statedAnnual report
「Increase in ballast voyages accompanying a decline in cargo for emerging markets」
It states that ballast voyages, during which vessels sail without cargo, increased due to a decline in cargo for emerging markets.