Sale agreement for NIKKEI DRAGON and securing a gain on sale
First written in FY2019-Q2. 1 of 3 entries say "Softened", first in FY2019-Q3. Latest entry: FY2019.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「Although voyage numbers increased and operating costs rose because of higher fuel oil prices, lower short-term charter costs and the sale of NIKKEI DRAGON to an overseas third-party corporation in February 2019 reduced vessel expenses, including depreciation. As total operating expenses increased only slightly, operating income was ¥662 million, up from ¥564 million, an increase of 573.7%.」
The sale of NIKKEI DRAGON was completed in February 2019, contributing to lower vessel expenses and depreciation and improved operating income in the ocean-going shipping business. The company also recorded a gain on sale of property, plant and equipment of ¥843.767 million and proceeds from the sale of property, plant and equipment of ¥1,515.932 million. - FY2019-Q3SoftenedAnnual report
「Our consolidated subsidiary, T.S. Central Shipping Co., Ltd., entered into an agreement on 26 October 2018 to sell 1 bulk carrier owned by the company. The details are as follows: 1. Transferee: an overseas third-party corporation; 2. Asset transferred: bulk carrier NIKKEI DRAGON (deadweight tonnage: 52,950 tons; age: 10 years); 3. Transfer period: February to March 2019.」
The sale agreement for NIKKEI DRAGON and the scheduled transfer in February to March 2019 continue. However, the gain on transfer of ¥700 million stated previously is not included in the current summary of the agreement. - FY2019-Q2First statedAnnual report
「Our consolidated subsidiary T.S. Central Shipping Co., Ltd. entered into an agreement on 26 October 2018 to sell 1 bulk carrier owned by the company. Asset transferred: bulk carrier NIKKEI DRAGON (deadweight tonnage: 52,950 tons; age: 9 years). Transfer period: January to March 2019. Gain on transfer: ¥700 million.」
The company entered into an agreement to sell NIKKEI DRAGON (52,950 tons, 9 years old), with the transfer scheduled for January to March 2019 and a gain on transfer of ¥700 million.