Risks of Marine Accidents, Personal Injury and Marine Pollution
First written in FY2016. 7 of 14 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026.
Tokyo Kisen moved to the "Worse" side of this theme in 2022.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The company recorded ¥20.482 million in restoration costs and other expenses related to an intermediate shaft breakage accident involving a tugboat owned by its consolidated subsidiary Toko Service Co., Ltd. as a loss related to the accident under extraordinary losses.」
An intermediate shaft breakage accident occurred involving a tugboat owned by Toko Service, and ¥20.482 million in restoration costs and other expenses was recorded as a loss related to the accident. - FY2026-H1MaterialisedAnnual report
「Among extraordinary income and losses, a gain on the sale of fixed assets (tugboats) of ¥333 million was recorded. However, the company recorded ¥265 million as an expense for the provision for environmental measures to cover soil contamination remediation costs caused by a fuel oil leak from a 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.」
Soil contamination caused by a fuel oil leak from a storage tank actually occurred, and ¥265 million was recorded as an expense for the provision for environmental measures under extraordinary losses for the interim period. Oil spill and environmental pollution risks appeared in results as soil contamination, not only marine pollution. - FY2025-H1MaterialisedAnnual report
「The company recorded ¥92.501 million in restoration costs and other expenses related to the March 2024 quay contact accident involving the car ferry Shirahama Maru, operated by its consolidated subsidiary Tokyo Bay Ferry Co., Ltd., as a loss related to the accident under extraordinary losses. It also recorded ¥82.698 million in insurance proceeds related to the accident as an extraordinary gain.」
For the quay contact accident involving Shirahama Maru in FY2024, ¥92.501 million in restoration costs and other expenses was recorded as a loss related to the accident, and ¥82.698 million in insurance proceeds was received. Maritime accident and vessel damage risks were reflected in results for the interim period. - FY2024MaterialisedAnnual report
「The car ferry Shirahama Maru, operated by the consolidated subsidiary Tokyo Bay Ferry Co., Ltd., sustained damage to its stern due to a sudden gust of wind while berthing at Kanaya Port in Futtsu, Chiba Prefecture, in March 2024, resulting in the suspension of operations.」
The vessel sustained damage from a sudden gust of wind while the car ferry was berthing, and maritime accident and vessel damage risks materialized in the form of downtime involving the suspension of operations and procurement of replacement parts. - FY2023RestatedAnnual report
「To deter such maritime accidents, we are working to strengthen our integrated HSEQ framework. Going forward, we will establish and improve advanced skills training programs.」
The company is reconfirming its policy of deterring risks of maritime accidents, personal injury and marine pollution through an integrated HSEQ framework and advanced skills training. - FY2023-Q3MaterialisedAnnual report
「In the passenger vessel business, revenue increased due to a rebound from the previous fiscal year, which was heavily affected by COVID-19, but revenue has not reached pre-pandemic levels because of reputational damage from the sightseeing vessel sinking in April 2022 and the effects of poor weather.」
Reputational damage from the sightseeing vessel sinking in April 2022 is identified as a factor hindering the recovery of demand in the passenger vessel business during the cumulative third-quarter period. - FY2023-Q2MaterialisedAnnual report
「In the passenger vessel business, revenue increased due to a rebound from the previous fiscal year, which was heavily affected by COVID-19, but revenue has not reached pre-pandemic levels because of reputational damage from the sightseeing vessel sinking in April 2022 and the effects of poor weather.」
The disclosure states that reputational damage from the sightseeing vessel sinking in April 2022 affected demand in the passenger vessel business, showing that maritime accident risk has appeared in the business as reputational damage. - FY2020MitigatedAnnual report
「To deter such maritime accidents, we are working to strengthen our integrated HSEQ framework. Going forward, we will establish and improve advanced skills training programs.」
An integrated HSEQ framework and advanced skills training programs are identified as measures to deter risks of maritime accidents, personal injury and marine pollution. - FY2019RestatedAnnual report
「In the tugboat business, preventing maritime disasters and responding when maritime accidents occur are our core duties, but our tugboats may suffer physical damage or cause personal injury. There is also a risk that the operation of our tugboats itself could cause a maritime accident and result in liability.」
The risks of physical damage to tugboats, personal injury, maritime accidents and liability arising from operations, and marine pollution are reiterated. - FY2018RestatedAnnual report
「In the tugboat business, preventing maritime disasters and responding when maritime accidents occur are our core duties, but our tugboats may suffer physical damage or cause personal injury. There is also a risk that the operation of our tugboats itself could cause a maritime accident and result in liability.」
The maritime accident risks associated with tugboat operations, including physical damage, personal injury, collisions, quay wall damage and marine pollution, are reiterated. - FY2017RestatedAnnual report
「These include risks such as collisions and damage to quay walls, marine pollution caused by fuel oil or crude oil spills, and maritime disaster risks associated with operations aboard vessels handling hazardous materials. The car ferry and sightseeing vessel businesses face risks of accidents involving loss of life and marine pollution.」
The risks associated with tugboats, car ferries and sightseeing vessels, including collisions, quay wall damage, oil spills, personal injury and marine pollution, are reiterated. - FY2016First statedAnnual report
「These include risks such as collisions and damage to quay walls, marine pollution caused by fuel oil or crude oil spills, and maritime disaster risks associated with operations aboard vessels handling hazardous materials. The car ferry and sightseeing vessel businesses face risks of accidents involving loss of life and marine pollution.」
For the tugboat, car ferry and sightseeing vessel businesses, collisions, quay wall damage, oil spills and accidents involving loss of life are identified as key risks.