Rebuilding two passenger shipping businesses and replacing their vessels with appropriately sized, low-cost, low-environmental-impact vessels
First written in FY2021. 7 of 11 entries say "Advanced", first in FY2022. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The consolidated subsidiary 東京湾フェリー株式会社 entered into a bareboat charter agreement for a newly built car ferry equipped for combined hydrogen-fuel use on 9 January 2026.」
Regarding the turnaround and vessel replacement policy for the 2 passenger shipping companies, 東京湾フェリー entered into a 20-year bareboat charter agreement for a newly built car ferry equipped for combined hydrogen-fuel use, beginning in November 2027. - FY2025AdvancedAnnual report
「Recent results have recovered, and from May 2025 the B-to-C business, comprising harbor sightseeing cruises and water buses, changed from the Company to YCruise㈱, an equity-method affiliate. The Company will work to improve profitability by resolving the bottleneck of labor shortages.」
Regarding the turnaround of the Yokohama Port sightseeing cruise business, the Company reached the stage of changing the B-to-C business to YCruise from May 2025, based on the recovery in operating results. The purpose of the transfer is to resolve labor shortages and improve profitability. - FY2025-H1AdvancedAnnual report
「In the car ferry division operating between Kurihama and Kanaya, operations were suspended at the end of the previous fiscal year after a strong-wind-related collision with a quay. Although service resumed on 10 August, approximately 2 months earlier than expected, the business was unable to recover the revenue lost during the suspension and posted an operating loss.」
The car ferry targeted for turnaround in the passenger shipping business suspended operations after a berth-contact accident but returned to service on 10 August. While operations advanced to the concrete stage of resumption following restoration, an operating loss remained due to the decline in revenue during the suspension. - FY2024AdvancedAnnual report
「For ㈱ポートサービス, which became profitable in FY2023, the Yamashita Park terminal, where renovation work has been under way due to aging, will reopen in summer 2024. The Company will capture tourism demand from Japan and overseas and establish sustained profitability. For 東京湾フェリー㈱, the Company will fundamentally restructure the business.」
For ポートサービス, the Company presented profitability in FY2023 as an achieved result and moved to the stage of seeking to establish sustained profitability following the reopening of the Yamashita Park terminal in summer 2024. For 東京湾フェリー, it newly specified a fundamental restructuring of the business. - FY2024-Q3AdvancedAnnual report
「As a result, segment sales in the passenger shipping business increased by ¥284 million to ¥1,869 million, up 18.0% year on year, and the segment reported an operating profit of ¥25 million, compared with an operating loss of ¥159 million in the same period of the previous year.」
Revenue in the passenger shipping business increased 18.0% year on year, and operating results swung from a loss of ¥159 million to a profit of ¥25 million. Improvement toward the turnaround and profitability recovery of the 2 passenger shipping companies has progressed further. - FY2024-Q2AdvancedAnnual report
「As a result, segment sales in the passenger shipping business increased by ¥205 million to ¥1,230 million, up 20.1% year on year, and the segment reported an operating profit of ¥14 million, compared with an operating loss of ¥127 million in the same period of the previous year.」
Revenue in the passenger shipping business increased 20.1% year on year, and operating results swung from a loss of ¥127 million to a profit of ¥14 million. The results indicate concrete improvement from the turnaround and profitability recovery policy for the 2 passenger shipping companies. - FY2023RestatedAnnual report
「⑥ The Company will turn around the 2 consolidated group subsidiaries engaged in the passenger shipping business, which continued to underperform during the COVID-19 pandemic: ㈱ポートサービス and 東京湾フェリー㈱. For ㈱ポートサービス, following the reopening of the Yamashita Park terminal, which has been undergoing renovation due to aging, the Company will capture tourism demand from Japan and overseas. It will also restore profitability through low-cost, flexible operations.」
The Company reconfirmed its policy of turning around the 2 passenger shipping companies, capturing tourism demand after the reopening of the Yamashita Park terminal, and restoring profitability through low-cost, flexible operations. - FY2023-Q3RestatedAnnual report
「The temporary closure associated with the renovation of the Yamashita Park terminal was a negative factor」
Regarding the renovation of the Yamashita Park terminal included in the passenger shipping business turnaround plan, the temporary closure continued to be a negative factor during the cumulative third-quarter period. - FY2023-Q1RestatedAnnual report
「In the passenger shipping business, the sightseeing cruise division at Yokohama Port benefited from an increase in tourists and higher revenue as activity rebounded from the previous fiscal year's downturn caused by requests for people to refrain from going out, but the temporary closure associated with the renovation of the Yamashita Park terminal was a negative factor.」
Regarding the renovation of the Yamashita Park terminal included in the passenger shipping business turnaround plan, the Company confirmed that the temporary closure continued. No completion or improvement in profitability was disclosed. - FY2022AdvancedAnnual report
「The Company will turn around the 2 consolidated group subsidiaries engaged in the passenger shipping business, which has continued to underperform during the COVID-19 pandemic: ㈱ポートサービス and 東京湾フェリー㈱. For ㈱ポートサービス, the Yamashita Park terminal is closed for renovations, while older vessels also need to be replaced, and the Company will link these measures to improved profitability. The vessels to be operated by both group companies in the future will have low environmental impact, be of an appropriate scale and enable low-cost operations. The number of vessels will also be optimized in line with demand.」
The Company has made its turnaround policy for the 2 passenger shipping companies more specific, citing renovation of the Yamashita Park terminal, replacement of aging vessels, conversion to vessels with low environmental impact that are appropriately sized and low cost, and optimization of the number of vessels in line with demand. - FY2021First statedAnnual report
「The Company will work to turn around the 2 group companies in the passenger shipping business affected by COVID-19, namely the sightseeing cruise business at Yokohama Port and the car ferry business between Kurihama and Kanaya. The Yokohama Port sightseeing cruise vessel Marine Shuttle was scrapped in February 2021. Looking ahead, with the post-pandemic era in mind, both companies will replace their vessels with ships of an appropriate scale for tourist demand that can operate at low cost and help reduce environmental impact.」
The Company has presented for the first time in a consolidated manner its policy of pursuing the turnaround of the 2 passenger shipping companies while replacing their vessels with ships of an appropriate scale that enable low-cost operations and reduced environmental impact.