Weather-related deterioration in profitability
First written in FY2018-Q1. 3 of 9 entries say "Restated". Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1More vessels waiting at port due to typhoons drive up market ratesAnnual report
「In addition, the number of vessels waiting at ports in China increased significantly from July through September, partly because of the high number of typhoons.」
Regarding weather-related factors, the company explains that the high number of typhoons tightened vessel supply by increasing the number of vessels waiting at ports in China, contributing to the market uptrend. - FY2026-H1Increased coal imports due to extremely hot weather drive up market conditionsAnnual report
「The oceangoing dry bulk shipping market in the July–September 2025 quarter rose sharply, driven by the recovery of China's crude steel production, stockpiling of South American soybeans by China, firm minor-bulk cargo movements and increased coal imports by China, Japan, South Korea and Taiwan due to the impact of exceptionally hot weather in Asia.」
The report explains that hot weather in Asia drove up the dry bulk shipping market during the interim period by increasing coal imports by China, Japan, South Korea and Taiwan. - FY2025MaterialisedAnnual report
「The main factors are thought to have been the worldwide easing of port congestion, particularly the very limited congestion at discharge ports in China; globally warmer winters, which curbed coal imports; and the later-than-usual grain harvest in South America.」
The report identifies reduced coal imports due to warmer winters and delays in the South American grain harvest, together with the easing of port congestion, as actual factors behind market movements. - FY2025-H1Risk of lower shipments due to the anticipated La NiñaAnnual report
「La Niña is expected to occur in the first quarter of next year, and if it does, bad weather at loading ports in the Southern Hemisphere is expected to adversely affect shipment volumes.」
The weather risk is specified as the possibility that the La Niña expected in the first quarter of next year will bring bad weather at loading ports in the Southern Hemisphere and reduce shipment volumes. - FY2020-Q1RestatedAnnual report
「Meanwhile, Japan's economy had been improving, partly on expectations for a recovery in the global economy, but it also appeared to be stagnating amid the global shift toward protectionism, trade friction and geopolitical concerns. Concerns about natural disasters caused by extreme weather are also present.」
Concerns about natural disasters caused by extreme weather continue to be identified as an external-environment risk, alongside protectionism, trade friction and geopolitical concerns. - FY2019RestatedAnnual report
「Concerns about foreign exchange, geopolitical risks and disasters caused by extreme weather are all present.」
Concerns about disasters caused by extreme weather continue to be identified as an external-environment concern, alongside foreign exchange and geopolitical risks. - FY2019-Q3RestatedAnnual report
「Meanwhile, Japan's economy had been recovering, partly on expectations for a recovery in the global economy, but it also appeared to be stagnating amid concerns about the future arising from growing global protectionism and trade friction. Concerns about foreign exchange rates, geopolitical risks, and disasters caused by extreme weather also remain.」
Concerns about disasters caused by extreme weather continue to be identified as an external-environment concern, alongside protectionism, trade friction, foreign exchange and geopolitical risks. - FY2019-Q2ReframedAnnual report
「Japan's economy is also showing signs of recovery, partly due to expectations of global economic expansion, but concerns remain over domestic political issues, foreign exchange rates, a deterioration in the global economy, and disasters caused by abnormal weather.」
The wording has broadened from the previous expression of weather-related deterioration in profitability to one covering external conditions and operating risks, including concerns about disasters caused by extreme weather. - FY2018-Q1First statedAnnual report
「Although earnings improved from the same quarter of the previous year due to weak freight rates resulting from the stalled improvement in the imbalance between overall fleet capacity and trade volumes, as well as deterioration in profitability caused by weather and other factors, the company has still not reached a level at which it can generate normal earnings.」
Weather-related deterioration in profitability is identified for the first time as a constraint on earnings in the ocean shipping segment, alongside weak freight rates.