Earnings recovery through cost reductions
First written in FY2017. 9 of 18 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2027-H1.
0 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Although operating expenses such as vessel expenses increased due to the rise in vessels under the company's control, total operating expenses declined owing to lower operating costs and other factors, resulting in operating profit of ¥843 million, up ¥568 million, or 206.6%, year on year.」
Despite higher vessel expenses associated with an increase in vessels under the company's control, total operating expenses in the oceangoing shipping business declined due to lower operating costs, and operating profit increased 206.6% year on year. - FY2026Cost pressure from higher expenses for new vesselsAnnual report
「Although operating costs declined with the decrease in cargo transportation, operating expenses increased overall due to higher vessel expenses related to a new vessel completed in June 2025 and other factors. As a result, operating profit was ¥996 million, down ¥279 million, or 21.9%, year on year.」
Although operating costs declined due to lower cargo transportation, operating expenses in the ocean shipping segment increased overall due to higher vessel expenses and other factors related to a vessel completed in June 2025, and operating profit declined 21.9%. - FY2026-H1Higher ocean shipping expenses due to external short-term charters and intermediate inspectionsAnnual report
「Operating expenses increased overall due to higher charter costs for short-term vessels chartered externally and higher vessel expenses associated with intermediate inspections of certain vessels. As a result, operating profit was ¥215 million, down ¥422 million, or 66.2%, year on year.」
In the ocean shipping business, higher short-term charter costs for externally chartered vessels and vessel expenses associated with intermediate inspections increased, and operating profit declined 66.2% year on year. Unlike the previous cost-reduction measures, specific factors driving the increase in expenses are identified for the current interim period. - FY2025AdvancedAnnual report
「Operating expenses declined substantially overall as operating costs decreased with the increase in short-term subcharters and vessel expenses decreased following vessel sales. As a result, operating profit was ¥1,276 million, down ¥25 million, or 2.0%, year on year.」
Although operating revenue declined, increased short-term subcharters and vessel sales reduced operating and vessel expenses, enabling the ocean shipping business to secure operating profit of ¥1,276 million. - FY2025-H1AdvancedAnnual report
「Operating expenses declined as operating costs decreased with the increase in short-term subcharters, and because chartered vessels incurred in the previous interim consolidated accounting period did not incur costs in the current interim consolidated accounting period. As a result, operating profit was ¥638 million, up ¥101 million, or 19.0%, year on year.」
Increased short-term subcharters and the absence of chartered vessels reduced operating and other operating expenses, and operating profit in the ocean shipping business rose 19.0% year on year to ¥638 million. The effect of cost controls is reflected in the figures. - FY2024AdvancedAnnual report
「Operating expenses declined due to lower depreciation resulting from the extension of the useful life of 1 owned vessel and lower dry-docking costs, resulting in operating profit of ¥66 million, up ¥41 million, or 173%, year on year.」
The extension of the useful life of an owned vessel and lower dry-docking costs reduced operating expenses in the domestic shipping business, increasing operating profit from ¥25 million in the previous year to ¥66 million. - FY2024-Q3AdvancedAnnual report
「Operating expenses declined due to lower dry-docking costs, resulting in operating profit of ¥53 million, up ¥34 million, or 189.8%, year on year.」
In the domestic shipping business, lower dry-docking costs contributed to a decline in operating expenses, and operating profit rose 189.8% year on year to ¥53 million. The effect of cost reductions has been confirmed in the results. - FY2023RestatedAnnual report
「To improve the profitability of its 2 tankers and subsidiary 大四マリン株式会社, the company will fundamentally review costly items, including personnel expenses, vessel expenses and general and administrative expenses, while maintaining crew retention as described above. It will implement cost reductions, negotiate appropriate charter rates and freight rates, and seek to improve operating profitability.」
The company continues its policy of fundamentally reviewing personnel expenses, vessel expenses and general and administrative expenses, while reducing costs and improving profitability in its domestic shipping business through negotiations on charter rates and freight rates. - FY2022-Q2RestatedAnnual report
「To resolve or improve this situation, the group has pursued the following measures: ① measures to reform its earnings structure; ② cost-reduction measures; and ③ measures to improve its financial position, including discussions with financial institutions on changing the repayment schedule for part of its borrowings.」
The company continues measures combining earnings-structure reform, cost reduction and improvement of its financial position. - FY2022-Q1RestatedAnnual report
「For vessel expenses, we will focus on maintaining vessels for safe operation and environmental protection while seeking to reduce vessel repair expenses, including ship's stores and dry-docking expenses for each vessel. We will continue to substantially reduce travel and entertainment expenses and other general and administrative expenses.」
The company continues cost-reduction measures targeting repair expenses, including ship's stores and dry-docking expenses, as well as travel and entertainment expenses. - FY2021AdvancedAnnual report
「We will seek to reduce costs through savings on vessel repairs, including ship's stores and dry-docking expenses, and more efficient crew deployment. We will also implement substantial reductions in general and administrative expenses, including travel and entertainment expenses.」
The company has specified the targets and means of cost reduction, including vessel repairs, crew deployment, travel expenses and entertainment expenses. General and administrative expenses decreased from ¥513.993 million in the previous fiscal year to ¥425.612 million. - FY2019AdvancedAnnual report
「Operating expenses increased only slightly as lower short-term charter costs and the sale of the NIKKEI DRAGON to an overseas third-party entity in February 2019 reduced vessel expenses, including depreciation.」
Lower short-term charter costs and reduced vessel expenses and depreciation resulting from vessel sales restrained the increase in operating expenses in the ocean shipping business and contributed to improved operating profit. - FY2019-Q3RestatedAnnual report
「The company has worked to maintain and expand stable earnings and reduce costs, primarily in its core ocean shipping business, while pursuing a recovery in performance. As a result, it reported operating profit of ¥255.537 million and ordinary profit of ¥207.397 million for the nine months ended the third quarter, and is expected to remain profitable for the full year.」
The company continues efforts to maintain and expand stable earnings centered on its ocean shipping business while reducing costs. Operating profit for the nine months ended the third quarter was ¥255.537 million, and ordinary profit was ¥207.397 million. - FY2019-Q2RestatedAnnual report
「We have worked to restore earnings by maintaining and expanding stable revenue sources and cutting costs, primarily in our core ocean-going shipping business.」
The company continues efforts to maintain and expand stable earnings centered on its ocean shipping business while reducing costs. Operating profit for the six months ended the second quarter was ¥98.908 million. - FY2019-Q1RestatedAnnual report
「We have worked to restore earnings by maintaining and expanding stable revenue sources and cutting costs, primarily in our core ocean-going shipping business. As a result, we recorded operating profit of ¥203.622 million and ordinary profit of ¥193.501 million in the cumulative first quarter of the current consolidated fiscal period, and expect to remain profitable for the full year.」
The company continues to maintain and expand stable revenue sources and cut costs, primarily in its ocean-going shipping business. For the quarter, it recorded operating profit of ¥203.622 million and ordinary profit of ¥193.501 million. - FY2018AdvancedAnnual 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%.」
Crew cost subsidies from the crew dispatch business and lower repair expenses produced specific cost savings and expense-control effects, and operating profit in the domestic marine transportation business increased by 44.1% year on year. - FY2018-Q3AdvancedAnnual 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%.」
The company cites lower crew costs resulting from a younger crew and reduced repair expenses as specific cost savings, contributing to an increase in operating profit in the domestic marine transportation business. - FY2017First statedAnnual report
「Without easing our cost-cutting efforts going forward」
The company has identified cost-cutting efforts as a specific measure aimed at restoring earnings.