Deteriorating profitability due to a shortage of domestic seafarers and higher crew costs
First written in FY2016. 5 of 17 entries say "Restated". Latest entry: 2026-11-04.
Tamai Steamship moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- 2026-11-04WorsenedResults
「On the earnings front, total operating expenses increased due to higher crew costs and docking work, resulting in operating profit of ¥62 million, down ¥7 million, or 10.1%, year on year.」
内航部門で船員費の増加が営業費用の増加要因として記載され、営業利益の減少に影響している。 - FY2027-H1WorsenedAnnual report
「On the earnings front, total operating expenses increased due to higher crew costs and docking work, resulting in operating profit of ¥62 million, down ¥7 million, or 10.1%, year on year.」
In the domestic shipping business, higher crew costs, together with docking and other expenses, drove an increase in operating expenses, and operating profit declined 10.1% year on year. - FY2026The average age of seafarers was stated as 33.Annual report
「The company will maximize the advantages of its subsidiary Daishi Marine Co., Ltd., which has promising seafarers with an average age of 33, while systematically hiring and training younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism, actively dispatching seafarers, and securing stable earnings.」
The company continues to recognize the aging workforce and shortage of seafarers as the most important issues, with systematic hiring, training and dispatch of younger seafarers as responses. The average age was stated as 33, down from 34 previously. - FY2025RestatedAnnual report
「The most important issue in the domestic shipping industry, which is facing an aging workforce, a rapidly worsening shortage of seafarers and ongoing contraction, is “securing and developing younger seafarers.” The company will maximize the advantages of its subsidiary Daishi Marine Co., Ltd., which has promising seafarers with an average age of 34, while systematically hiring and training younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism, actively dispatching seafarers, and securing stable earnings.」
The company continues to identify the aging workforce and rapidly worsening shortage of seafarers as the most important issues facing the domestic shipping industry, citing seafarers with an average age of 34, the systematic hiring of younger seafarers, training and education, and seafarer dispatch as responses. - FY2024RestatedAnnual report
「The most important issue in the domestic shipping industry, which is facing an aging workforce, a rapidly worsening shortage of seafarers and ongoing contraction, is “securing and developing younger seafarers.” The company will maximize the advantages of its subsidiary Daishi Marine Co., Ltd., which has promising seafarers with an average age of 34, while systematically hiring and training younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism, actively dispatching seafarers, and securing stable earnings.」
The company continues to identify the aging workforce and rapidly worsening shortage of seafarers as the most important issues facing the domestic shipping industry, citing seafarers with an average age of 34, the systematic hiring of younger seafarers, training and education, and seafarer dispatch as responses. - FY2024-Q1WorsenedAnnual report
「In terms of operating income, operating expenses increased due to higher crew costs, resulting in operating income of ¥18 million, compared with an operating loss of ¥4 million in the same period of the previous year, down 20.0%.」
Higher crew costs increased operating expenses in the domestic shipping business and affected earnings, with operating income declining 20.0% year on year. - FY2023RestatedAnnual report
「Amid an aging workforce, a rapidly worsening shortage of seafarers and ongoing contraction in the domestic shipping industry, the company will maximize the advantages of its subsidiary Daishi Marine, which has promising seafarers with an average age of 34, while systematically hiring and training younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism, actively dispatching seafarers, and securing stable earnings.」
The company continues to recognize the risks of an aging workforce and a rapidly worsening shortage of seafarers, citing seafarers with an average age of 34, the systematic hiring of younger seafarers, training and education, and seafarer dispatch as responses. - FY2023-Q3RestatedAnnual report
「In terms of operating income, operating expenses increased due to higher crew costs and vessel repair expenses, resulting in operating income of ¥18 million, compared with an operating loss of ¥7 million in the same period of the previous year, down 28.3%.」
Higher crew costs were cited as a factor increasing operating expenses in the domestic shipping business, indicating that the burden of crew costs remains a risk. - FY2022Added seafarer working-style reform as a responseAnnual report
「The company will steadily implement “working-style reform for seafarers” under the Act on Strengthening the Maritime Industry Infrastructure, which took effect in April 2022, improve the working environment, and increase the retention rate of younger seafarers.」
While continuing to recognize the risks of an aging workforce and a rapidly worsening shortage of seafarers, the company cited working-style reform under the Act on Strengthening the Maritime Industry Infrastructure, which took effect in April 2022, as well as improving the working environment and increasing the retention rate of younger seafarers as new responses. - FY2021RestatedAnnual report
「Amid an aging workforce and a rapidly worsening shortage of seafarers in the domestic shipping industry, the company will maximize the advantages of its subsidiary, which has promising seafarers with an average age of 33.6, while systematically hiring younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism.」
The company continues to recognize the risks of an aging workforce and a rapidly worsening shortage of seafarers in the domestic shipping industry, citing seafarers with an average age of 33.6 and the systematic hiring of younger seafarers as responses. - FY2020WorsenedAnnual report
「Regarding the crew dispatch business, amid an aging workforce and a rapidly worsening shortage of seafarers in the domestic shipping industry, the company will maximize the advantages of its subsidiary, which has promising seafarers with an average age of 32.5, while systematically hiring younger seafarers under the “Japanese Vessel and Seafarer Recruitment Plan” certified by the Ministry of Land, Infrastructure, Transport and Tourism.」
The company explicitly identified the aging workforce and rapidly worsening shortage of seafarers in the domestic shipping industry, indicating that the shortage is an ongoing risk. Securing seafarers with an average age of 32.5 and hiring younger seafarers were cited as responses. - FY2020-Q1Domestic shipping profit narrowed as crew dispatch personnel costs increasedAnnual report
「In terms of operating income, other shipping expenses, including personnel costs related to seafarers dispatched to other companies, increased, resulting in operating income of ¥3 million, compared with an operating loss of ¥6 million in the same period of the previous year, down 63.0%.」
Personnel costs and other expenses related to seafarers dispatched to other companies increased, and operating income in the domestic shipping business fell 63.0% year on year. The burden on profitability from higher crew costs was again indicated. - FY2018MitigatedAnnual report
「In terms of operating income, the substantial impact of the subsidiary's ability to cover crew costs through its crew dispatch business, together with lower repair expenses, resulted in operating income of ¥106 million, compared with ¥32 million in the same period of the previous year, up 44.1%.」
The ability to cover crew costs through revenue from the crew dispatch business became a profit driver for the domestic shipping business, and operating income increased 44.1% year on year to ¥106 million. - FY2018-Q3MitigatedAnnual report
「In terms of operating income, the substantial impact of lower crew costs resulting from the rejuvenation of the seafarer workforce at a subsidiary, together with lower repair expenses, resulted in operating income of ¥74 million, compared with ¥37 million in the same period of the previous year, up 99.2%.」
Lower crew costs resulting from the rejuvenation of the seafarer workforce became a profit driver for the domestic shipping business, and operating income increased from ¥37 million in the same period of the previous year to ¥74 million. - FY2018-Q2The benefit of lower vessel expenses from a decline in seafarer numbers continuedAnnual report
「In terms of operating income, 2 owned vessels underwent scheduled dry-docking during the first half of the previous consolidated fiscal year, compared with 1 owned vessel during the first half of the current consolidated fiscal year, while 1 owned vessel is scheduled for scheduled dry-docking during the first 9 months of the current consolidated fiscal year. The impact of these factors, together with the substantial decline in vessel expenses resulting from the decrease in seafarer numbers at a subsidiary, was significant, resulting in operating income of ¥47 million, compared with ¥42 million in the same period of the previous year, up 918.2%.」
The decline in vessel expenses resulting from lower seafarer numbers continued to be cited as a profit driver for the domestic shipping business, and operating income increased from ¥5 million in the same period of the previous year to ¥47 million. - FY2018-Q1A decline in seafarer numbers contributed to lower vessel expensesAnnual report
「In terms of operating income, the substantial decline in vessel expenses resulting from the decrease in seafarer numbers at a subsidiary had a significant impact, resulting in operating income of ¥3 million, compared with ¥3 million in the same period of the previous year, up 708.6%.」
Unlike the previously disclosed shortage of seafarers and higher crew costs, the current quarter cited lower vessel expenses resulting from a decrease in seafarer numbers at a subsidiary as a profit driver for the domestic shipping business. - FY2016First statedAnnual report
「The company also recognized an impairment loss on 1 domestic tanker whose profitability had deteriorated due to higher crew costs resulting from a shortage of domestic seafarers.」
The shortage of seafarers and higher crew costs were cited as factors behind deteriorating profitability and the impairment of a domestic tanker.