Despite lower revenue, profit increased due to lower fuel costs and other factors
First written in FY2016. 7 of 37 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「As a result, operating profit was ¥106 million, compared with an operating loss of ¥511 million in the previous fiscal year, and ordinary profit was ¥347 million, compared with an ordinary loss of ¥259 million in the previous fiscal year. Extraordinary income included a ¥7,970 million gain on the sale of non-current assets, primarily land, buildings and vessels. The company also recorded an impairment loss of ¥334 million on non-current assets at facilities in the sightseeing vessel division and other businesses, as well as an environmental measures provision expense of ¥233 million for soil contamination remediation costs arising from an oil leak from a fuel oil storage tank in the car ferry division. As a result, net income attributable to owners of the parent was ¥5,046 million, up 146.9% from the previous fiscal year.」
Revisions to tugboat rates and increased CTV operations, among other factors, brought operating and ordinary results into the black, while a ¥7,970 million gain on the sale of non-current assets resulted in net income attributable to owners of the parent of ¥5,046 million. At the same time, the company recorded an impairment loss of ¥334 million and an environmental measures provision of ¥233 million. - 2026-05-15ReframedEarnings
「In addition, a gain on sales of fixed assets of ¥7,970 million arose from the sale of land, buildings and vessels. An impairment loss of ¥334 million on fixed assets relating to facilities in the sightseeing vessel division and other operations was also recorded as an extraordinary loss. An environmental remediation provision expense of ¥233 million was recorded for soil contamination countermeasures related to an oil leak from a fuel oil storage tank in the car ferry division. As a result, profit attributable to owners of the parent was ¥5,046 million, up 146.9% year on year.」
Although operating profit and ordinary profit returned to the black, the full-year results confirmed that net income increased substantially, primarily due to the ¥7,970 million gain on sales of fixed assets. - FY2026-H1A return to operating and ordinary profitability alongside a decline in net income due to an environmental provisionAnnual report
「As a result, operating profit was ¥37 million, compared with an operating loss of ¥134 million in the same period of the previous year, while ordinary profit was ¥184 million, compared with an ordinary loss of ¥28 million in the same period of the previous year, supported by dividend income and equity in earnings of affiliates. Among extraordinary items, a gain of ¥333 million on the sale of non-current assets (tugboats) was recorded. However, the company recorded an environmental measures provision expense of ¥265 million for soil contamination remediation costs arising from an oil leak from a fuel oil storage tank in the passenger vessel business, resulting in interim net income attributable to owners of the parent of ¥31 million, down 85.9% year on year.」
Higher revenue and non-operating income caused operating and ordinary results to turn from losses in the same period of the previous year to profit, while interim net income attributable to owners of the parent fell 85.9% year on year due to the ¥265 million environmental measures provision, among other factors. - FY2025ReframedAnnual report
「Lower revenue in the tugboat business resulted in an operating loss of ¥511 million, compared with operating profit of ¥368 million in the previous fiscal year, and an ordinary loss of ¥259 million, compared with ordinary profit of ¥684 million in the previous fiscal year. In addition, extraordinary income included gains of ¥2,081 million on the sale of investment securities, ¥221 million on the sale of shares in affiliated companies and ¥497 million on the sale of non-current assets (tugboats), resulting in net income attributable to owners of the parent of ¥2,044 million, up 256.9% from the previous fiscal year.」
Operating and ordinary results turned into losses due to lower revenue in the tugboat business, while net income attributable to owners of the parent reached a record high due to gains on the sale of investment securities, shares in affiliated companies and tugboats. The annual results clearly show a structure of operating and ordinary losses offset by gains on asset sales to produce bottom-line profit. - FY2025-H1ReframedAnnual report
「As a result, the company posted an operating loss of ¥134 million, compared with operating profit of ¥267 million in the same period of the previous year, owing to the impact of lower revenue in the tugboat business. Ordinary loss was ¥28 million, compared with ordinary profit of ¥432 million in the same period of the previous year. In addition, a gain on the sale of non-current assets of ¥339 million was recorded as extraordinary income, resulting in interim net income attributable to owners of the parent of ¥223 million, up 15.2% year on year.」
Lower revenue in the tugboat business caused operating profit and ordinary profit to turn from profit in the same period of the previous year to losses. On the other hand, interim net income attributable to owners of the parent increased 15.2% year on year due to a ¥339 million gain on the sale of non-current assets, changing the earnings structure from profit growth driven by lower fuel costs and other factors despite lower revenue to a structure of operating and ordinary losses offset by extraordinary income to produce bottom-line profit. - FY2024AdvancedAnnual report
「Revenue increased by ¥650 million to ¥12,515 million, up 5.5% from the previous fiscal year. On the profit front, personnel expenses increased by ¥213 million, while fuel costs increased by ¥106 million as crude oil prices rose and the yen remained on a weakening trend. On the other hand, charter costs decreased by ¥233 million due to reduced operations of coastal transfer vessels (CTVs) for offshore wind power generation. As a result, operating profit was ¥368 million, up 296.3% from the previous fiscal year. Equity in earnings of affiliates of ¥176 million was recorded, resulting in ordinary profit of ¥684 million, up 56.0%.」
Operating profit increased from ¥92 million to ¥368 million, and ordinary profit increased from ¥438 million to ¥684 million, driven by higher revenue and lower charter costs due to reduced CTV operations, among other factors. - FY2024-Q3AdvancedAnnual report
「Revenue increased by ¥617 million to ¥9,520 million, up 6.9% year on year. On the profit front, personnel expenses increased by ¥178 million, while fuel costs increased by ¥95 million as crude oil prices rose and the yen remained on a weakening trend. On the other hand, charter costs decreased by ¥176 million due to reduced CTV operations. As a result, operating profit was ¥383 million, up 712.7% year on year, while ordinary profit increased 123.1% to ¥654 million, reflecting an increase in equity in earnings of affiliates.」
Revenue increased in the nine months ended, with operating profit rising from ¥47 million in the same period of the previous year to ¥383 million and ordinary profit increasing from ¥293 million to ¥654 million. Lower charter costs due to reduced CTV operations also contributed to improved profit, and earnings improvement is progressing. - FY2024-Q2AdvancedAnnual report
「As a result, the company posted operating profit of ¥267 million, compared with an operating loss of ¥58 million in the same period of the previous year. Ordinary profit was ¥432 million, compared with ordinary profit of ¥94 million in the same period of the previous year, reflecting increases in dividend income and equity in earnings of affiliates.」
For the six months ended, operating results turned from a loss of ¥58 million in the same period of the previous year to profit of ¥267 million, while ordinary profit increased from ¥94 million to ¥432 million. Revenue also increased 10.0% year on year, representing further progress from the improvement in the previous quarter. - FY2024-Q1AdvancedAnnual report
「Revenue increased by ¥142 million to ¥2,962 million, up 5.0% year on year. On the earnings side, personnel expenses increased by ¥56 million and vessel repair expenses by ¥70 million. Meanwhile, charter hire costs decreased by ¥76 million as CTV operations were scaled back. As a result, the operating loss narrowed to ¥11 million, compared with ¥75 million in the same period of the previous year. Ordinary profit was ¥85 million, compared with ¥19 million, because of higher dividend income and equity-method investment gains.」
Revenue increased in the first quarter, while the operating loss narrowed from ¥75 million to ¥11 million and ordinary profit increased from ¥19 million to ¥85 million. Although personnel and repair expenses increased, lower charter costs due to reduced CTV operations and increases in dividend income and equity in earnings of affiliates contributed to profits. - FY2023AdvancedAnnual report
「Revenue increased by ¥1,165 million to ¥11,865 million, up 10.9% from the previous fiscal year. On the earnings side, crude oil prices, which had been trending higher, began to decline after June last year and returned to pre-invasion levels, but the weaker yen resulted in an ¥88 million increase in fuel costs across the group, up 8.0%. As a result, operating profit was ¥92 million, compared with an operating loss of ¥590 million in the previous fiscal year. Ordinary profit was ¥438 million, compared with an ordinary loss of ¥328 million, because of higher dividend income and equity-method investment gains.」
Higher revenue resulted in operating profit turning from a loss of ¥590 million to profit of ¥92 million and ordinary profit turning from a loss of ¥328 million to profit of ¥438 million. Performance returned to profitability on an annual basis. - FY2023-Q3AdvancedAnnual report
「Revenue increased by ¥835 million to ¥8,903 million, up 10.4% year on year. On the earnings side, crude oil prices, which had been trending higher, began to decline after June last year and returned to pre-invasion levels, but the weaker yen resulted in a ¥96 million increase in fuel costs across the group, up 12.1%. As a result, operating profit was ¥47 million, compared with an operating loss of ¥345 million in the same period of the previous year. Ordinary profit was ¥293 million, compared with an ordinary loss of ¥134 million, because of higher dividend income and equity-method investment gains. Profit for the quarter attributable to owners of the parent was ¥129 million, compared with a quarterly net loss of ¥58 million.」
Higher revenue resulted in operating profit turning from a loss of ¥345 million in the same period of the previous year to profit of ¥47 million, while ordinary profit and quarterly net profit attributable to owners of the parent also turned positive. Performance improved further from the previous quarter's narrower operating loss and the return to ordinary and net profit. - FY2023-Q2Higher revenue, a narrower operating loss and a return to both ordinary and net profitAnnual report
「As a result, the operating loss narrowed to ¥58 million, compared with ¥313 million in the same period of the previous year. Ordinary profit was ¥94 million, compared with an ordinary loss of ¥171 million, and profit for the quarter attributable to owners of the parent was ¥35 million, compared with a quarterly net loss of ¥73 million, as dividend income and equity-method investment gains increased.」
Revenue increased 10.5% year on year, and the operating loss narrowed from ¥313 million to ¥58 million. Higher dividend income and other factors resulted in ordinary profit and quarterly net profit attributable to owners of the parent turning positive. - FY2023-Q1Higher revenue, a narrower operating loss and a return to ordinary profit, but lower net profitAnnual report
「Revenue increased by ¥244 million to ¥2,820 million, up 9.5% year on year. On the earnings side, crude oil prices, which had been trending higher since the previous fiscal year, remained elevated following Russia's invasion of Ukraine, and the yen weakened further, resulting in a ¥52 million increase in fuel costs across the group. As a result, the operating loss narrowed to ¥75 million, compared with ¥197 million in the same period of the previous year. Ordinary profit was ¥19 million, compared with an ordinary loss of ¥89 million, because of higher dividend income. Profit for the quarter attributable to owners of the parent was ¥6 million, down 76.3% year on year, as no gain on the sale of non-current assets, including tugboats, was recorded in the first quarter.」
Revenue increased 9.5% year on year, and the operating loss narrowed from ¥197 million to ¥75 million. Ordinary profit turned from a loss of ¥89 million to profit of ¥19 million. However, profit for the quarter attributable to owners of the parent decreased 76.3% year on year because there were no gains on the sale of tugboats. - FY2022Higher revenue and a narrower operating loss, but a larger bottom-line lossAnnual report
「Revenue across the group increased by ¥810 million to ¥10,699 million, up 8.2% from the previous fiscal year. As a result, the operating loss was ¥590 million, compared with ¥621 million in the previous fiscal year, and the ordinary loss was ¥328 million, compared with ¥340 million. Profit for the fiscal year attributable to owners of the parent was a loss of ¥192 million, compared with a loss of ¥94 million in the previous fiscal year, as impairment losses in the passenger ship business, including the car ferry division, and losses on sales of shares in affiliates were incurred despite gains on sales of non-current assets from the sale of tugboats and other assets.」
Revenue increased 8.2% year on year, and the operating and ordinary losses narrowed, but the loss for the fiscal year attributable to owners of the parent increased from ¥94 million to ¥192 million because of impairment losses and other factors in the car ferry division. - FY2022-Q2Continued higher revenue and narrower lossesAnnual report
「As a result, the operating loss was ¥313 million, compared with ¥372 million in the same period of the previous year, and the ordinary loss was ¥171 million, compared with ¥212 million. Despite gains on sales of non-current assets, the company recorded a quarterly net loss attributable to owners of the parent of ¥73 million, compared with a quarterly net loss of ¥143 million in the same period of the previous year.」
For the six months ended the second quarter, revenue was ¥5,229 million, up 12.1% year on year, and the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, operating and ordinary losses continued at ¥313 million and ¥171 million, respectively. - FY2022-Q1Higher revenue, narrower losses and a return to profit attributable to owners of the parentAnnual report
「As a result of our group's efforts to improve performance amid this economic environment, revenue increased by ¥444 million to ¥2,575 million, up 20.8% year on year. On the earnings side, crude oil prices trended higher from the beginning of the year, increasing fuel costs across the group by ¥76 million. Charter hire costs also increased by ¥71 million, partly because operations began for crew transfer vessels (CTVs) serving offshore wind power construction projects. As a result, the operating loss narrowed to ¥197 million, compared with ¥277 million in the same period of the previous year, and the ordinary loss narrowed to ¥89 million, compared with ¥204 million. Profit for the quarter attributable to owners of the parent was ¥29 million, compared with a quarterly net loss of ¥232 million in the same period of the previous year, as gains on sales of non-current assets, including tugboats, were recorded.」
Revenue increased 20.8% year on year, while the operating and ordinary losses narrowed from the same period of the previous year. Profit for the quarter attributable to owners of the parent turned positive at ¥29 million because of gains on sales of non-current assets. - FY2021WorsenedAnnual report
「Amid the unprecedented business environment caused by the COVID-19 pandemic, revenue across the group fell by ¥1,936 million to ¥9,889 million, down sharply by 16.4%. Although crude oil prices began to rise in the fourth quarter, they remained low for the full fiscal year following the economic slowdown in the first half, reducing fuel costs by ¥300 million. However, the substantial decline in revenue resulted in an operating loss of ¥621 million, compared with operating profit of ¥170 million in the previous fiscal year, and an ordinary loss of ¥340 million, compared with ordinary profit of ¥503 million.」
The decline in revenue widened, and both operating profit and ordinary profit turned from profit in the previous fiscal year to losses. The ¥300 million reduction in fuel costs was insufficient to offset the substantial decline in revenue, confirming the deterioration in annual performance. - FY2021-Q3WorsenedAnnual report
「Amid the unprecedented business environment caused by the COVID-19 pandemic, revenue across the group fell by ¥1,798 million to ¥7,288 million, down sharply by 19.8%. On the earnings side, crude oil prices remained low amid a global economic slowdown, reducing fuel costs by ¥257 million, but the substantial decline in revenue resulted in an operating loss of ¥447 million, compared with operating profit of ¥267 million in the same period of the previous year, and an ordinary loss of ¥214 million, compared with ordinary profit of ¥527 million.」
For the nine months ended, revenue declined 19.8% year on year, and operating profit and ordinary profit turned from profit in the same period of the previous year to losses. The decline in revenue, which could not be offset by lower fuel costs, made the deterioration in performance even clearer than in the previous quarter. - FY2021-Q2RestatedAnnual report
「Amid the unprecedented business environment caused by the COVID-19 pandemic, revenue across the group fell by ¥1,372 million to ¥4,664 million, down sharply by 22.7%. On the earnings side, crude oil prices remained low amid a global economic slowdown, reducing fuel costs by ¥184 million, but the substantial decline in revenue resulted in an operating loss of ¥372 million, compared with operating profit of ¥188 million in the same period of the previous year, and an ordinary loss of ¥212 million, compared with ordinary profit of ¥395 million. Profit for the quarter attributable to owners of the parent was a loss of ¥143 million, compared with profit of ¥180 million in the same period of the previous year, as losses from temporary closures and other factors were incurred in the passenger ship business despite gains on sales of non-current assets, including tugboats.」
Revenue declined 22.7% year on year, and operating profit, ordinary profit and profit attributable to owners of the parent all turned into losses. The decline in revenue and shift to losses that had continued since FY2021-Q1 were reconfirmed. - FY2021-Q1Lower revenue, shift to lossesAnnual report
「Revenue across the group fell by ¥788 million to ¥2,131 million, down sharply by 27.0%, as lower revenue in the passenger ship business weighed on results. On the earnings side, crude oil prices remained low amid a global economic slowdown, reducing fuel costs by ¥106 million, but the substantial decline in revenue resulted in an operating loss of ¥277 million, compared with operating profit of ¥29 million in the same period of the previous year, and an ordinary loss of ¥204 million, compared with ordinary profit of ¥172 million.」
After higher revenue and profit in the same period of the previous year, revenue declined 27.0% year on year in the first quarter, and operating profit and ordinary profit turned into losses. Although fuel costs declined by ¥106 million, this was insufficient to offset the decline in revenue, particularly in the passenger ship business. - FY2020Annual confirmation of lower revenue and declining profitAnnual report
「Revenue was ¥11,825 million, down ¥888 million, or 7.0%, from the previous fiscal year. On the earnings side, fuel costs declined as crude oil prices plunged in the fourth quarter, but in addition to the substantial decline in revenue, repair expenses and charter hire costs increased. Operating profit was ¥170 million, down 80.7%, and ordinary profit was ¥503 million, down 60.0%.」
In FY2020, revenue turned lower, with operating profit down 80.7% year on year and ordinary profit down 60.0%. Annual results confirmed deterioration in profit caused by lower revenue and higher repair expenses and charter hire costs, which could not be offset by lower fuel costs. - FY2020-Q3RestatedAnnual report
「Revenue fell sharply by ¥587 million from the same period of the previous year to ¥9,086 million, down 6.1%. On the earnings side, crude oil prices were stable and fuel costs remained broadly flat, but higher depreciation and a substantial decline in revenue across the group weighed on results. Operating profit was ¥267 million, down 64.7%, and ordinary profit was ¥527 million, down 50.2%.」
For the nine months ended, lower revenue and sharp declines in operating profit and ordinary profit continued. Fuel costs were broadly flat, but higher depreciation and the group's overall decline in revenue weighed on profit. - FY2020-Q2Further deterioration in lower revenue and declining profitAnnual report
「Revenue fell sharply by ¥397 million from the same period of the previous year to ¥6,037 million, down 6.2%. On the earnings side, crude oil prices were stable and fuel costs remained broadly flat, but higher depreciation and a substantial decline in revenue across the group weighed on results. Operating profit was ¥188 million, down 66.0%, and ordinary profit was ¥395 million, down 47.9%. Profit for the quarter attributable to owners of the parent was ¥180 million, down 69.4%, as impairment losses of ¥214 million were recorded in the passenger ship and retail and restaurant businesses.」
Revenue declined 6.2% year on year, while operating profit decreased 66.0%, ordinary profit decreased 47.9% and profit for the quarter attributable to owners of the parent decreased 69.4%. Fuel costs were broadly flat, but the overall decline in revenue, higher depreciation and impairment losses in the passenger ship and retail and restaurant businesses weighed on profit. - FY2020-Q1Reversal to lower revenue and declining profitAnnual report
「Revenue was ¥2,920 million, down ¥111 million, or 3.7%, from the same period of the previous year. On the earnings side, crude oil prices were stable and fuel costs remained broadly flat, but higher depreciation and lower revenue in the tugboat business weighed on results. Operating profit was ¥29 million, down 85.0%, and ordinary profit was ¥172 million, down 43.7%.」
Revenue declined in the current quarter after the previous year's lower revenue but higher operating profit, while operating profit and ordinary profit decreased sharply because of higher depreciation and lower revenue in the tugboat business. - FY2019Annual confirmation of higher revenue and higher profitAnnual report
「Revenue was ¥12,713 million, up ¥432 million, or 3.5%, from the previous fiscal year. On the earnings side, crude oil prices had risen since the beginning of the previous year, causing fuel costs to increase sharply, but the effect of higher revenue resulted in operating profit of ¥883 million, up 37.8%, and ordinary profit of ¥1,255 million, up 24.0%.」
In FY2019, revenue increased, and despite higher fuel costs, operating profit and ordinary profit increased year on year because of the effect of higher revenue. Performance recovered on an annual basis from the previous fiscal year's lower revenue and declining profit. - FY2019-Q3RestatedAnnual report
「Our group made every effort to improve performance amid this economic environment, and revenue increased by ¥393 million from the same period of the previous year to ¥9,674 million, up 4.2%. On the earnings side, crude oil prices rose, increasing fuel costs, but lower selling, general and administrative expenses resulted in operating profit of ¥759 million, up 37.0%, and ordinary profit of ¥1,059 million, up 25.2%. Profit for the quarter attributable to owners of the parent was ¥881 million, up 47.5%, as gains on sales of non-current assets, recorded as gains on the sale of tugboats, increased by ¥252 million following the replacement of equipment on 3 tugboats.」
Following the increase in revenue for the six months ended the second quarter, revenue also increased for the nine months ended the third quarter, and operating profit, ordinary profit and profit for the nine months attributable to owners of the parent all increased year on year. - FY2019-Q2Shift to higher revenue and higher profitAnnual report
「Revenue increased by ¥297 million from the same period of the previous year to ¥6,435 million, up 4.8%. On the earnings side, crude oil prices rose, increasing fuel costs, but lower selling, general and administrative expenses resulted in operating profit of ¥553 million, up 52.6%, and ordinary profit of ¥759 million, up 35.4%. Profit for the quarter attributable to owners of the parent was ¥588 million, up 40.0%, as gains on sales of non-current assets, recorded as gains on the sale of tugboats, increased by ¥127 million.」
After the lower revenue and declining profit recorded in the same period of the previous year, revenue increased in the six months ended the current second quarter, and operating profit, ordinary profit and profit for the six months attributable to owners of the parent also increased. The company cited lower selling, general and administrative expenses and higher gains on sales of non-current assets as factors behind the increase in profit. - FY2019-Q1Recurrence of lower revenue and higher profitAnnual report
「Revenue was ¥3,032 million, down ¥6 million, or 0.2%, from the same period of the previous year. On the earnings side, crude oil prices rose and fuel costs increased, but selling, general and administrative expenses declined, resulting in operating profit of ¥196 million, up 19.9%, and ordinary profit of ¥306 million, up 8.2%. Profit for the quarter attributable to owners of the parent was ¥229 million, broadly unchanged from the previous year and up 0.8%, as gains on sales of non-current assets, recorded as gains on the sale of tugboats, decreased by ¥6 million.」
Revenue declined year on year in the first quarter, while operating profit and ordinary profit increased because of lower selling, general and administrative expenses, and profit for the quarter attributable to owners of the parent was broadly unchanged. On a quarterly basis, profit turned higher after the previous fiscal year's lower revenue and declining profit. - FY2018Annual confirmation of lower revenue and declining profitAnnual report
「Revenue was ¥12,280 million, down ¥124 million, or 1.0%, from the previous fiscal year. On the earnings side, revenue declined and crude oil prices rose from the beginning of the year, increasing fuel costs. Operating profit was ¥641 million, down 22.6%, and ordinary profit was ¥1,012 million, down 11.7%. Profit for the fiscal year attributable to owners of the parent was ¥609 million, down 38.4%, as gains on the sale of tugboats decreased by ¥166 million from the previous fiscal year and an impairment loss of ¥124 million was recorded in the passenger ship business.」
In FY2018, revenue declined, and operating profit, ordinary profit and profit for the fiscal year attributable to owners of the parent all decreased. Conditions shifted from the support to profit provided by lower fuel costs through the previous fiscal year to declining profit caused by higher fuel costs, impairment losses and other factors. - FY2018-Q3RestatedAnnual report
「Amid this economic environment, our group made every effort to improve performance, but revenue was ¥9,280 million, down ¥80 million, or 0.9%, from the same period of the previous year. On the earnings side, crude oil prices rose, increasing fuel and personnel costs. Operating profit was ¥554 million, down 20.1%. Ordinary profit was ¥845 million, down 9.2%, despite an increase in equity-method investment gains. Profit for the quarter attributable to owners of the parent was ¥597 million, down 27.8%, as gains on sales of non-current assets, recorded as gains on the sale of tugboats, decreased by ¥225 million.」
For the nine months ended, lower revenue, operating profit, ordinary profit and profit attributable to owners of the parent continued. Higher fuel and personnel costs resulting from rising crude oil prices, together with lower gains on the sale of tugboats, put pressure on profit. - FY2018-Q2Continued declines in revenue and profitAnnual report
「Amid this economic environment, our group made every effort to improve performance, but revenue was ¥6,137 million, down ¥17 million, or 0.3%, from the same period of the previous year. On the earnings side, crude oil prices rose from the beginning of the year, increasing fuel costs and personnel expenses. Operating profit was ¥362 million, down 27.4%. Ordinary profit was ¥561 million, down 13.7%, despite an increase in equity-method investment gains. Profit for the quarter attributable to owners of the parent was ¥420 million, down 23.9%, as gains on sales of non-current assets, recorded as gains on the sale of tugboats, decreased by ¥105 million.」
Revenue declined 0.3% year on year, while operating profit, ordinary profit and profit for the quarter attributable to owners of the parent also decreased. The company explained that higher crude oil prices, increased personnel expenses and lower gains on sales of non-current assets weighed on profit. - FY2018-Q1Reversal to higher revenue and lower profitAnnual report
「As a result of our group's efforts to improve performance amid this economic environment, revenue increased by ¥47 million from the same period of the previous year to ¥3,038 million, up 1.6%. On the earnings side, crude oil prices rose from the beginning of the year, increasing fuel costs, while personnel expenses and repair expenses also increased. Operating profit was ¥164 million, down 25.4%. Ordinary profit was ¥282 million, down 8.8%, despite an increase in equity-method investment gains. Profit for the quarter attributable to owners of the parent was ¥227 million, down 2.5%, despite a ¥20 million increase in gains on sales of non-current assets, recorded as gains on the sale of tugboats.」
Revenue turned from a year-on-year decline in the previous period to an increase in the current quarter, but operating profit, ordinary profit and profit for the quarter attributable to owners of the parent all declined because of higher fuel, personnel and repair costs. - FY2017Operating profit and net profit increased while ordinary profit declinedAnnual report
「Revenue was ¥12,405 million, down ¥187 million, or 1.5%, from the previous fiscal year. On the earnings side, revenue declined and fixed costs such as personnel expenses and depreciation increased, but fuel costs fell sharply as crude oil prices continued to trend downward through the third quarter. Operating profit was ¥828 million, up 1.5%. Ordinary profit was ¥1,146 million, down 3.7%, as equity-method investment gains declined. Profit for the fiscal year attributable to owners of the parent was ¥989 million, up 0.6%, as gains on the sale of tugboats, recorded as gains on sales of non-current assets, increased by ¥41 million.」
In FY2017, revenue declined, but operating profit and profit for the fiscal year attributable to owners of the parent increased because of lower fuel costs and other factors. Ordinary profit declined because of lower equity-method investment gains, resulting in mixed earnings trends across the individual line items. - FY2017-Q3RestatedAnnual report
「Revenue was ¥9,360 million, down ¥181 million, or 1.9%, from the same period of the previous year. On the earnings side, fuel costs declined because of the continuing fall in crude oil prices from last year, but fixed costs such as personnel expenses and depreciation increased. Operating profit was ¥693 million, down 15.6%, while ordinary profit was ¥931 million, down 17.7%, as equity-method investment gains declined.」
For the nine months ended, lower revenue, operating profit and ordinary profit continued. Although fuel costs declined because of lower crude oil prices, higher fixed costs such as personnel expenses and depreciation and lower equity-method investment gains put pressure on profit. - FY2017-Q2RestatedAnnual report
「Amid this economic environment, our group made every effort to improve performance, but revenue was ¥6,155 million, down ¥140 million, or 2.2%, from the same period of the previous year. On the earnings side, fuel costs declined because crude oil prices continued to fall from last year, but in addition to lower revenue, fixed costs such as personnel expenses and depreciation increased. Operating profit was ¥499 million, down 18.3%, and ordinary profit was ¥650 million, down 18.1%, partly because equity-method investment gains declined. Profit for the quarter attributable to owners of the parent was ¥552 million, down 7.2%, despite an increase in gains on the sale of tugboats, recorded as gains on sales of non-current assets.」
Revenue, operating profit, ordinary profit and profit for the quarter attributable to owners of the parent all declined year on year. Although fuel costs decreased, lower revenue, higher fixed costs such as personnel expenses and depreciation, and lower equity-method investment gains put pressure on profit. - FY2017-Q1Reversal from rising profit to declining profitAnnual report
「Revenue was ¥2,991 million, down ¥86 million, or 2.8%, from the same period of the previous year. On the earnings side, fuel costs declined due to the continuing fall in crude oil prices from last year, but depreciation and other expenses increased. Operating profit decreased by ¥23 million to ¥219 million, down 9.7%, while ordinary profit decreased by ¥35 million to ¥310 million as equity-method investment gains declined, down 10.4%. Profit for the quarter attributable to owners of the parent decreased by ¥63 million to ¥233 million, down 21.5%, partly because gains on the sale of tugboats, recorded as gains on sales of non-current assets, declined.」
Although revenue declined in the previous fiscal year, profit increased because of lower fuel costs resulting from the decline in crude oil prices. In the current quarter, fuel costs declined, but operating profit, ordinary profit and profit attributable to owners of the parent all decreased because of higher depreciation and other expenses, lower equity-method investment gains and lower gains on the sale of tugboats. - FY2016First statedAnnual report
「Revenue was ¥12,593 million, a decrease of ¥38 million, or 0.3% year on year. On the earnings side, fuel costs fell sharply as crude oil prices trended downward throughout the year. Operating profit increased by ¥154 million from the previous fiscal year to ¥816 million, up 23.3%, while ordinary profit increased by ¥149 million to ¥1,190 million, up 14.4%.」
For FY2016, the company explained that revenue declined, while operating profit and ordinary profit increased, mainly because of lower fuel costs resulting from the decline in crude oil prices.