Fewer voyages due to constraints on vessel movements
First written in FY2024-Q2. 3 of 5 entries say "Worsened", first in FY2024. Latest entry: FY2026-H1.
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- FY2026-H1WorsenedAnnual report
「Operating revenue was ¥1,922 million, down ¥298 million, or 13.4%, from the previous interim consolidated period. This reflected a higher proportion of short-term chartering than cargo transport compared with the previous interim consolidated period, fewer vessels in operation during the period before the completion of newbuildings, and continued weak market conditions.」
In the ocean shipping segment, the proportion of short-term chartering increased relative to cargo transport, while the number of vessels in operation declined before the completion of newbuildings, resulting in a 13.4% year-on-year decrease in operating revenue. This represents an additional operating constraint following the previously identified constraints on vessel movements and prolonged repairs. - FY2025-H1WorsenedAnnual report
「Operating revenue was ¥2,221 million, down ¥674 million, or 23.3%, from the previous interim consolidated accounting period. This resulted from a shift from cargo transport to short-term time charters out on routes from Japan to overseas destinations, as well as prolonged repairs to some operated vessels.」
The prolonged repairs of certain controlled vessels were added to the factors related to constraints on vessel movements, and operating revenue in the ocean shipping business decreased 23.3% year on year. - FY2024WorsenedAnnual report
「Although short-term chartering of certain controlled vessels increased, the number of voyages declined due to constraints on vessel movements, resulting in operating revenue of ¥5,172 million, down ¥1,078 million, or 17.2%, from the previous consolidated fiscal year.」
The decline in the number of voyages due to constraints on vessel movements continued throughout the full fiscal year, and operating revenue in the ocean shipping business decreased 17.2% year on year. - FY2024-Q3RestatedAnnual report
「Although short-term chartering of certain controlled vessels increased, the number of voyages declined due to constraints on vessel movements, resulting in operating revenue of ¥4,241 million, down ¥1,296 million, or 23.4%, from the third-quarter consolidated cumulative period of the previous fiscal year.」
The decline in the number of voyages due to constraints on vessel movements continued, and operating revenue in the ocean shipping business decreased 23.4% year on year. The risk first explicitly identified in the previous quarter continued to have an impact in the current quarter. - FY2024-Q2First statedAnnual report
「Despite the impact of the weaker yen, the number of voyages declined substantially due to constraints on vessel movements, resulting in operating revenue of ¥2,895 million, down ¥1,132 million, or 28.1%, from the second-quarter consolidated cumulative period of the previous fiscal year.」
The number of voyages in the ocean shipping business declined substantially due to constraints on vessel movements, and operating revenue fell 28.1% year on year.