Improving operational efficiency through the development and construction of state-of-the-art tugboats
First written in FY2016. 30 of 32 entries say "Advanced", first in FY2017. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RaisedAnnual report
「The company placed the hybrid electrically propelled tugboat Taiga into service in January 2023. On the premise that it will continue to provide safe and reliable tugboat services, it aims to introduce a fully battery-powered tugboat by around 2030.」
The company has moved from its previous policy of using operational expertise from electrically propelled tugboats to setting a specific target of introducing a fully battery-powered tugboat by around 2030. During the fiscal year, it also invested ¥538,571 thousand in the construction of 1 tugboat and ¥526,744 thousand in vessel construction in progress. - FY2026-H1AdvancedAnnual report
「The main components of cash flows included ¥1,293 million in expenditures for the acquisition of property, plant and equipment, mainly for equipment upgrades, including tugboat replacements, and the construction of offshore wind farm crew transfer vessels (CTVs), while proceeds from the sale of property, plant and equipment amounted to ¥846 million.」
During the current interim consolidated reporting period, the company invested ¥1,293 million in tugboat replacements and CTV construction, among other projects, and recorded ¥846 million in proceeds from the sale of existing assets. Fleet renewal and CTV investment are continuing. - FY2025AdvancedAnnual report
「In the tugboat business, the company invested ¥919,492 thousand in the construction of 2 tugboats, ¥1,557,735 thousand in the construction of 2 offshore wind farm crew transfer vessels (CTVs), and ¥683,527 thousand in construction in progress for equipment upgrades, and sold 3 owned tugboats for ¥617,000 thousand.」
The company constructed 2 tugboats and 2 CTVs and sold 3 existing tugboats. Fleet renewal and capital investment in offshore wind-related equipment progressed during the fiscal year. - FY2025-H1AdvancedAnnual report
「Cash flow from investing activities for the current interim consolidated reporting period represented a net cash inflow of ¥57 million, as expenditures decreased by ¥580 million from the previous interim consolidated reporting period. The main components of cash flows included ¥1,608 million in expenditures for the acquisition of property, plant and equipment, mainly for equipment upgrades, including tugboat replacements, and the construction of offshore wind farm crew transfer vessels (CTVs), while proceeds from the sale of property, plant and equipment amounted to ¥906 million.」
The company invested ¥1,608 million in tugboat replacements and CTV construction, among other projects, and recorded ¥906 million in proceeds from the sale of property, plant and equipment. Fleet renewal combining equipment upgrades, new construction and the sale of existing vessels progressed during the interim period. - FY2024AdvancedAnnual report
「In the tugboat business, the company invested ¥1,680,095 thousand in the construction of 3 tugboats, ¥479,168 thousand in 1 ocean tug, and ¥688,262 thousand in construction in progress for equipment upgrades, and sold 5 owned tugboats and other vessels for ¥1,236,964 thousand.」
The company invested in the construction of 3 tugboats, 1 ocean tug and construction in progress, and sold 5 existing tugboats and other vessels. Fleet renewal and equipment replacement progressed during the fiscal year. - FY2024-Q3AdvancedAnnual report
「In addition, the company recorded ¥323 million in gains on the sale of fixed assets (tugboats) and received ¥452 million in government subsidies for the construction of an electrically propelled tugboat designed to reduce environmental impact as extraordinary income. It recorded ¥431 million in losses on the reduction of fixed asset costs as an extraordinary loss, and condolence payments of ¥106 million resulted in net income attributable to owners of the parent of ¥560 million, up 334.0% year on year.」
The company recorded ¥452 million in government subsidies for the construction of an electrically propelled tugboat designed to reduce environmental impact, confirming the progress of construction in the accounts. It also recorded ¥323 million in gains on the sale of tugboats, indicating progress in fleet renewal. - FY2024-Q2AdvancedAnnual report
「Under fixed assets, vessels decreased by ¥380 million as direct reductions through the application of government subsidies to reduce the recorded cost of assets and depreciation progressed, while construction in progress increased by ¥876 million due to equipment upgrades in the tugboat business and the new construction of offshore wind farm crew transfer vessels (CTVs).」
Equipment upgrades for tugboats and the new construction of offshore wind farm crew transfer vessels (CTVs) progressed, increasing construction in progress by ¥876 million from the end of the previous consolidated fiscal year. The progress of capital investment has become more concrete than described in the previous quarter. - FY2024-Q1AdvancedAnnual report
「Under fixed assets, vessels decreased by ¥718 million as direct reductions through the application of government subsidies to reduce the recorded cost of assets and depreciation progressed, while construction in progress increased by ¥568 million.」
While the carrying amount of vessels decreased due to the application of government subsidies to reduce the recorded cost of assets and other factors, construction in progress increased by ¥568 million, indicating that vessel-related construction and capital investment projects are progressing. - FY2023AdvancedAnnual report
「Through ongoing research and development, the company will introduce state-of-the-art tugboats with lower environmental impact and high operating efficiency and safety. In particular, it will analyze operating data from Taiga, an electrically propelled tugboat that entered service in January 2023, and use the data in the development of new tugboats in the future. The group is also advancing the conversion of vessels operated by group companies to electric propulsion.」
The electrically propelled tugboat Taiga entered service in January 2023, advancing the company to the stage of using its operating data in the development of new tugboats. The initiative has also been expanded to the conversion of group-company vessels to electric propulsion. - FY2023-Q3AdvancedAnnual report
「Under fixed assets, vessels, buildings and structures increased by ¥289 million,」
Vessels, buildings and structures increased by ¥289 million from the end of the previous consolidated fiscal year, indicating continued accumulation of fixed assets, including vessel-related assets. - FY2023-Q2AdvancedAnnual report
「The main components of cash flows included ¥1,320 million in expenditures for the acquisition of property, plant and equipment, mainly for equipment upgrades, including tugboat replacements, and the purchase of assets under lease contracts for offshore wind farm crew transfer vessels (CTVs),」
The company spent ¥1,320 million on tugboat replacements and the acquisition of CTVs for offshore wind power, indicating progress in fleet renewal and the acquisition of new equipment. - FY2023-Q1AdvancedAnnual report
「Under fixed assets, vessels decreased by ¥280 million as depreciation progressed, while construction in progress increased by ¥410 million.」
While depreciation of vessels progressed, construction in progress increased by ¥410 million from the end of the previous consolidated fiscal year, indicating that investment in equipment upgrades and construction projects, including vessel-related projects, is continuing. - FY2022AdvancedAnnual report
「In the tugboat business, the company invested ¥888,312 thousand in the construction of 2 tugboats, ¥605,598 thousand in an offshore wind farm crew transfer vessel (CTV), ¥437,900 thousand in the construction of a tugboat base, and ¥436,513 thousand in construction in progress for equipment upgrades, and sold 4 owned tugboats and other vessels for ¥1,115,000 thousand. In particular, construction is progressing toward the completion of an electrically propelled tugboat by the end of 2022.」
The company made specific capital investments in 2 tugboats, a CTV and a tugboat base, and sold 4 existing vessels. It also indicated that the electrically propelled tugboat is scheduled for completion at the end of 2022, with the development of a state-of-the-art, low-environmental-impact fleet progressing to the construction stage. - FY2022-Q3AdvancedAnnual report
「Under fixed assets, vessels increased by ¥960 million due to the acquisition of an offshore wind farm crew transfer vessel (CTV) under a finance lease and equipment upgrades, while construction in progress decreased by ¥160 million due to equipment upgrades for tugboats and other vessels and its transfer to vessels.」
The acquisition of a CTV under a finance lease and equipment upgrades for tugboats and other vessels progressed, increasing vessels by ¥960 million. Construction in progress was also transferred to vessels, indicating that equipment upgrades and construction had progressed to the acquisition and capitalization stage. - FY2022-Q2AdvancedAnnual report
「Under fixed assets, vessels increased by ¥550 million due to the acquisition of an offshore wind farm crew transfer vessel (CTV) under a finance lease and equipment upgrades, while construction in progress decreased by ¥91 million following its transfer to vessels.」
Vessels increased by ¥550 million due to the acquisition of a CTV for offshore wind power under a finance lease and equipment upgrades, indicating that construction and equipment upgrades had progressed to the acquisition stage. - FY2021AdvancedAnnual report
「Through ongoing research and development, the company will introduce state-of-the-art tugboats with lower environmental impact and high operating efficiency and safety. Development is progressing toward the completion of an electrically propelled tugboat equipped with a hydrogen fuel cell by December 2022.」
For the electrically propelled tugboat equipped with a hydrogen fuel cell, the company has specified a concrete completion deadline of December 2022, clarifying its development stage. - FY2021-Q3AdvancedAnnual report
「Under current assets, cash and deposits decreased by ¥1,838 million against a backdrop of active capital investment, while accounts receivable decreased by ¥150 million and other current assets increased by ¥205 million. Under fixed assets, construction in progress increased by ¥1,553 million due to equipment upgrades and new investment projects.」
New investment projects progressed alongside equipment upgrades, increasing construction in progress by ¥1,553 million. Capital investment and construction projects, including tugboat-related projects, progressed further from the previous quarter. - FY2021-Q2AdvancedAnnual report
「Under property, plant and equipment, construction in progress increased by ¥755 million as a result of new investment projects in addition to fleet renewal.」
Investment in new projects progressed alongside equipment upgrades, increasing construction in progress by ¥755 million. Cash flow also included ¥1,321 million in capital expenditures for property, plant and equipment related to equipment upgrades and new projects. - FY2021-Q1AdvancedAnnual report
「Under property, plant and equipment, vessels decreased by ¥251 million as depreciation progressed, while construction in progress increased by ¥644 million as a result of new investment projects in addition to fleet renewal.」
While depreciation of vessels progressed, construction in progress increased by ¥644 million as a result of fleet renewal and new investment projects, indicating progress in capital investment and construction projects. - FY2020AdvancedAnnual report
「Through ongoing research and development, we will incorporate the latest technologies and introduce state-of-the-art tugboats with lower environmental impact, greater operating efficiency and higher safety. In particular, we will accelerate development toward the construction of electric-propulsion tugboats using hydrogen fuel cells in combination.」
During the fiscal year, the company invested ¥1,008.025 million in the construction of 2 tugboats and sold 2 existing tugboats. It also indicated a specific development direction involving electric-propulsion tugboats using hydrogen fuel cells in combination. - FY2020-Q3AdvancedAnnual report
「Under property, plant and equipment, impairment losses of ¥214 million were recognized, mainly on land, and construction in progress increased by ¥306 million.」
Construction in progress increased by ¥306 million, indicating progress in fleet renewal and construction, including tugboat-related projects. - FY2020-Q2AdvancedAnnual report
「Under property, plant and equipment, impairment losses of ¥214 million were recognized, mainly on land, and construction in progress decreased by ¥156 million as a result of vessel completion.」
Construction in progress decreased by ¥156 million as a result of vessel completion, indicating that fleet renewal and vessel construction had progressed to the completion stage. - FY2020-Q1AdvancedAnnual report
「Under property, plant and equipment, vessels decreased by ¥256 million as depreciation progressed, while construction in progress increased by ¥179 million as a result of capital investment.」
While depreciation of vessels progressed, construction in progress increased by ¥179 million as a result of capital investment, indicating continued construction and fleet renewal related to tugboats. - FY2019AdvancedAnnual report
「In the tugboat business, the company made capital investments of ¥1,082.257 million in the construction of 3 tugboats, ¥220.000 million in the purchase of 1 tugboat and ¥176.330 million in construction in progress for fleet renewal, and sold 3 owned tugboats for ¥498.000 million.」
As part of fleet renewal, the company constructed 3 tugboats, purchased 1 tugboat and invested in construction in progress, and sold 3 existing tugboats. At fiscal year-end, it also stated that it had a further renewal plan for 3 tugboats. - FY2019-Q3AdvancedAnnual report
「Profit attributable to owners of the parent was ¥881 million, up 47.5% year on year, as gains on sales of property, plant and equipment, specifically gains on sales of tugboats, increased by ¥252 million as a result of the renewal of 3 tugboats.」
The renewal of 3 tugboats progressed and was reflected in performance as a ¥252 million increase in gains on sales of property, plant and equipment. On the balance sheet, vessels also increased by ¥824 million from the end of the previous consolidated fiscal year. - FY2019-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥1,648 million, almost the same as in the first six months of the previous fiscal year. The main components of cash flows were ¥323 million in proceeds from the sale of property, plant and equipment as part of fleet renewal, including vessel replacements, and ¥967 million in payments for the acquisition of property, plant and equipment, as well as a net increase of ¥1,000 million in time deposits with deposit periods exceeding 3 months.」
During the six months under review, the company acquired ¥967 million of property, plant and equipment as part of fleet renewal, including vessel replacements, and the carrying amount of vessels increased by ¥372 million from the end of the previous fiscal year. Fleet renewal continued to progress. - FY2019-Q1AdvancedAnnual report
「Under property, plant and equipment, vessels increased by ¥48 million, and construction in progress increased by ¥160 million as a result of capital investment.」
At the end of the first quarter, vessels increased by ¥48 million and construction in progress related to capital investment increased by ¥160 million, indicating progress in tugboat-related fleet renewal and construction. - FY2018AdvancedAnnual report
「In the tugboat business, the company invested ¥792.404 million in 2 new tugboats and ¥373.107 million in construction in progress for fleet renewal, and sold 2 owned tugboats for ¥192.500 million.」
As part of fleet renewal, the company invested ¥792.404 million in 2 new tugboats and recorded ¥373.107 million in construction in progress, and sold 2 existing tugboats. There was also a renewal plan for 3 tugboats at fiscal year-end, indicating progress in fleet renewal. - FY2018-Q3AdvancedAnnual report
「Under current assets, cash and deposits decreased by ¥355 million, while other current assets increased by ¥122 million. Under property, plant and equipment, vessels increased by ¥431 million, and investment securities increased by ¥63 million as a result of fair value measurement at the end of the third quarter.」
The carrying amount of vessels at the end of the third quarter increased by ¥431 million from the end of the previous consolidated fiscal year. Although the disclosure does not specify the completion of new vessels or the details of capital investment, vessel-related assets continued to accumulate. - FY2018-Q2AdvancedAnnual report
「Under current assets, accounts receivable decreased by ¥106 million. Under property, plant and equipment, vessels increased by ¥68 million and construction in progress increased by ¥197 million.」
At the end of the quarter, vessels and construction in progress increased, indicating continued accumulation of assets related to fleet renewal. The disclosure does not state that a new vessel was completed. - FY2017AdvancedAnnual report
「In the tugboat business, the company invested ¥805.696 million in 2 new tugboats and ¥347.397 million in construction in progress for fleet renewal, and sold 3 owned tugboats for ¥445.000 million.」
As part of fleet renewal, the company invested in 2 new tugboats and sold 3 owned tugboats. At fiscal year-end, it also stated that it had a further renewal plan for 2 tugboats with planned investment of ¥795.283 million. - FY2016First statedAnnual report
「We will continue to develop and introduce new tugboats incorporating the latest technologies in order to improve tugboat operating efficiency and the company’s environmental performance.」
During the fiscal year, the company made capital investments of ¥750.371 million in 2 new tugboats and stated that, at fiscal year-end, it had a fleet renewal plan for 2 tugboats with total planned investment of ¥810.926 million. The planned completion dates were April and November of Heisei 28.