Vessel impairments amid weak shipping and secondhand vessel markets
First written in FY2016. 6 of 14 entries say "Restated". Latest entry: FY2025.
Tamai Steamship moved to the "Worse" side of this theme in 2020, 3 years after the typical company in this theme (2017).
The whole theme swung hardest in 2023: 4 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Information on impairment losses on fixed assets by reporting segment: Not applicable.」
No impairment loss on fixed assets was recognized in the reporting segments for the current consolidated fiscal year. - FY2022MitigatedAnnual report
「Current consolidated fiscal year (from 1 April 2021 to 31 March 2022): Not applicable.」
Although an impairment loss of ¥344.206 million was recognized for NIKKEI SIRIUS in the previous fiscal year, no impairment loss on fixed assets was recognized during the current consolidated fiscal year. - FY2021MaterialisedAnnual report
「The company recognized an impairment loss on NIKKEI SIRIUS because its profitability had declined.」
Declining profitability against the backdrop of shipping market conditions and other factors materialized as a vessel impairment, and the company recognized ¥344.206 million for NIKKEI SIRIUS. - FY2020MaterialisedAnnual report
「For NIKKEI VERDE, the company recognized an impairment loss because its profitability had declined amid current weak shipping and secondhand vessel markets. For Daini Tsurutama Maru, the company recognized an impairment loss because profitability had continued to decline since completion and recurring losses were expected going forward.」
Declining shipping and secondhand vessel markets and lower profitability again materialized as vessel impairments, with ¥579.364 million recognized for NIKKEI VERDE and ¥18.682 million for Daini Tsurutama Maru, for a total of ¥598.047 million. - FY2019MitigatedAnnual report
「For the current consolidated fiscal year (1 April 2018 to 31 March 2019), there were no applicable matters.」
The company did not recognize impairment losses on fixed assets for any reporting segment during the current consolidated fiscal year. It also explained that vessel expenses and depreciation declined as a result of the sale of NIKKEI DRAGON. - FY2018MitigatedAnnual report
「For the consolidated fiscal year from 1 April 2017 to 31 March 2018, there were no applicable items.」
No impairment loss was recognized during the current consolidated fiscal year against the ¥404.664 million impairment loss recognized in the previous consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「Impairment loss 404,664 —」
An impairment loss of ¥404.664 million was recognized in the same period of the previous year, whereas no impairment loss was recognized in the first 9 months of the current consolidated fiscal year. - FY2018-Q2RestatedAnnual report
「Extraordinary losses Impairment loss 404,664 —」
Although an impairment loss of ¥404.664 million was recognized in the same period of the previous year, no impairment loss is shown for the second quarter of the current consolidated cumulative period. - FY2018-Q1No impairment loss recognized this quarterAnnual report
「Extraordinary losses Impairment loss 404,664 —」
Although an impairment loss of ¥404.664 million was recognized in the same period of the previous year, the impairment loss line for the first quarter of the current consolidated cumulative period is shown as “—”. - FY2017RestatedAnnual report
「Although operating expenses declined substantially, including lower vessel expenses resulting from impairments recognized in the previous and current consolidated fiscal years, the decline in operating revenue was greater, resulting in a substantial deterioration in earnings, with an operating loss of ¥360 million compared with operating income of ¥332 million in the previous consolidated fiscal year.」
The impact of vessel impairments against the backdrop of weak shipping markets continued to be cited in the analysis of operating expenses and results, and the company recognized a ¥404.664 million impairment loss on NIKKEI DRAGON during the current fiscal year. - FY2017-Q3RestatedAnnual report
「In the oceangoing shipping segment, the company recognized an impairment loss on NIKKEI DRAGON, whose profitability had declined amid current weak shipping and secondhand vessel markets, reducing its carrying amount to its recoverable amount, or net selling price. The impairment loss recognized during the first 9 months of the current consolidated fiscal year was ¥404.664 million.」
The decline in NIKKEI DRAGON's profitability against the backdrop of weak shipping and secondhand vessel markets, together with the recognition of a ¥404.664 million impairment loss, was disclosed for the current cumulative quarterly period. - FY2017-Q2RestatedAnnual report
「In the oceangoing shipping segment, the company recognized an impairment loss on NIKKEI DRAGON, whose profitability had declined amid current weak shipping and secondhand vessel markets, reducing its carrying amount to its recoverable amount, or net selling price. The impairment loss recognized during the first half of the current consolidated fiscal year was ¥404.664 million.」
The decline in NIKKEI DRAGON's profitability against the backdrop of weak shipping and secondhand vessel markets, together with the recognition of a ¥404.664 million impairment loss, continued to be disclosed in the current cumulative quarterly period. - FY2017-Q1MaterialisedAnnual report
「In the oceangoing shipping segment, the company recognized an impairment loss on NIKKEI DRAGON, whose profitability had declined amid current weak shipping and secondhand vessel markets, reducing its carrying amount to its recoverable amount, or net selling price.」
The decline in profitability caused by weak shipping and secondhand vessel markets materialized, and the company additionally recognized an impairment loss of ¥404.664 million on NIKKEI DRAGON. - FY2016First statedAnnual report
「Under these circumstances, prices in the secondhand market for the handy bulkers owned by the group have also fallen substantially. In light of this situation, the group recognized an impairment loss on 1 oceangoing vessel during the current consolidated fiscal year in accordance with accounting rules. It 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.」
In response to falling secondhand vessel prices and deteriorating profitability, the company recognized total impairment losses of ¥1,180.941 million on 1 oceangoing vessel and 1 domestic tanker.