Uncertainty in Estimates of Periodic Vessel Inspection Costs and Provision for Special Repairs
First written in FY2025. 2 of 4 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「Special repair provision 597,675 610,745」
The special repair provision for periodic vessel inspections and repairs increased from ¥597.675 million at the end of the previous fiscal year to ¥610.745 million, increasing the exposure to estimates of future costs. - 2026-06-02MitigatedGeneral Meetings of Shareholders
「Provision for special repairs ¥610.745 million」
The provision for special repairs declined from ¥646.557 million at the end of the first half of fiscal 2026 to ¥610.745 million at year-end. - FY2026-H1WorsenedAnnual report
「Special repair provision 597,675 646,557」
The special repair provision increased from ¥597.675 million at the end of the previous fiscal year to ¥646.557 million. The exposure to estimates of future periodic vessel inspection and repair costs has increased. - FY2025First statedAnnual report
「The costs of these periodic inspections are estimated based on historical inspection results for each engine type. However, because the company must estimate costs as far as 6 years into the future, the estimates are affected by changes in inspection items resulting from vessel use and amendments to laws and regulations during that period, as well as fluctuations in market prices for materials and labor. Accordingly, estimates of future inspection costs involve uncertainty, and management judgment may have a significant impact on the estimates.」
For periodic inspection costs for tugboats, the company must estimate costs as far as 6 years into the future. It has disclosed separately for the first time the uncertainties arising from changes in vessel use, laws and regulations, and market prices for materials and labor as a significant accounting estimate. The special repair provision is ¥597.675 million.