Improving Capacity Utilization, Sales, Profit Margins and Capital Efficiency
First written in FY2017. 19 of 22 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 8 of 22 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The performance of our Group's towage business is significantly affected by factors outside our control, such as the number of vessel calls. In addition, given the public nature of towage operations, which support the safe navigation of vessels, we believe that it is not appropriate to set specific numerical indicators. Accordingly, we have not established KPIs as numerical targets in our medium- to long-term vision.」
While the company has reconfirmed its policy of not setting numerical KPIs for its medium- to long-term vision because of external factors such as the number of port calls and the public nature of its towing operations, it continues to target improvements in equipment utilisation, revenue, profit margins and capital efficiency. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes or newly arising issues among the business and financial matters requiring attention for the consolidated companies.」
The company has reconfirmed that there are no significant changes or new issues concerning its existing operational and financial challenges, including improving equipment utilisation, revenue, profitability and capital efficiency. - FY2024RestatedAnnual report
「Because fixed costs such as depreciation and crew costs account for a high proportion of the Group's business costs, improving equipment utilisation is an issue. Accordingly, while total revenue is important, the Group also focuses on revenue per vessel from the perspective of maintaining an appropriate fleet size.」
The company has reconfirmed its policy of focusing on improving equipment utilisation, total revenue, revenue per vessel, profit margins and capital efficiency. No specific KPI targets have been set. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2023RestatedAnnual report
「To this end, the company aims to increase the total number of jobs while focusing on improving revenue per vessel, and will reduce the number of vessels and operate the fleet efficiently to optimise fleet size.」
The company has reconfirmed its policy of reducing the number of vessels and operating the fleet efficiently to improve equipment utilisation, the number of jobs and revenue per vessel. - FY2023-Q3RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the nine-month period ended December 31.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2022AdvancedAnnual report
「Improve equipment utilisation. To this end, the company aims to increase the total number of jobs while focusing on improving revenue per vessel, and will reduce the number of vessels to optimise fleet size.」
The company specified a concrete measure to address the longstanding issues of equipment utilisation, number of jobs and revenue per vessel: reducing the number of vessels to optimise fleet size. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2021-Q3RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the nine-month period ended December 31.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
The company reconfirms that there have been no material changes or new issues in its business and financial challenges, including improving existing equipment utilization, profitability and capital efficiency. - FY2020SoftenedAnnual report
「The performance of our Group's towage business is significantly affected by factors outside our control, such as the number of vessel calls. In addition, given the public nature of towage operations, which support the safe navigation of vessels, we believe that it is not appropriate to set specific numerical indicators. Accordingly, we have not established KPIs as numerical targets in our medium- to long-term vision.」
While maintaining its policy of improving margins, capital efficiency and equipment utilization, the company explicitly states that it will not establish KPIs as numerical targets in its medium- to long-term vision because of external factors and the public nature of the business. - FY2020-Q3RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the nine-month period ended December 31.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving profitability and capital efficiency. - FY2020-Q2RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the six-month period ended September 30.」
The company reconfirms that there have been no material changes or new issues in its business and financial challenges, including improving existing equipment utilization, profitability and capital efficiency. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
The company states that there have been no material changes or new issues requiring action in its business or finances, and that the existing challenges of improving equipment utilization, profitability and capital efficiency remain ongoing. - FY2019RestatedAnnual report
「To secure profitability, we aim to improve metrics such as the operating margin and net profit margin, and will implement various measures to reduce operating costs and improve work-unit prices in the towage business. In terms of capital efficiency, we also aim to improve return on assets and return on equity by investing surplus funds in new projects and businesses in growth areas.」
The company reiterates its targets for improving margins and capital efficiency, along with measures to reduce operating costs, improve work-unit prices and invest in growth areas. - FY2019-Q3RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the nine-month period ended December 31.」
The company reconfirms that there have been no material changes or new issues in its existing business and financial challenges, including improving equipment utilization, revenue, margins and capital efficiency. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to, or newly arising issues among, the business or financial matters requiring action by the consolidated company.」
There have been no material changes or new issues requiring action in the business or finances, and the existing challenges of improving equipment utilization, revenue, margins and capital efficiency remain ongoing. - FY2018RestatedAnnual report
「Because our Group's businesses have a high ratio of fixed costs, including depreciation and crew expenses, improving equipment utilization is a key challenge. Accordingly, while total revenue is important, we also place emphasis on revenue per vessel from the perspective of maintaining an appropriate fleet size. To secure profitability, we aim to improve metrics such as the operating margin and net profit margin, and will implement various measures to reduce operating costs and improve work-unit prices in the towage business. In terms of capital efficiency, we also aim to improve return on assets and return on equity by investing surplus funds in new projects and businesses in growth areas.」
The annual report also specifies targets for improving equipment utilization, revenue, revenue per vessel, margins, return on assets and return on equity, along with measures to reduce operating costs, improve work-unit prices and invest in growth areas. - FY2018-Q3RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the nine-month period ended December 31.」
The company reconfirms that there have been no material changes or new issues requiring action in its business or finances. - FY2018-Q2RestatedAnnual report
「There have been no material changes to, or newly arising issues concerning, the business or financial matters that the consolidated company must address during the six-month period ended September 30.」
The company states that there have been no material changes or new issues requiring action in its business or finances, and that the existing challenges of improving equipment utilization, revenue, margins and capital efficiency remain ongoing. - FY2017First statedAnnual report
「Because our Group's businesses have a high ratio of fixed costs, including depreciation and crew expenses, improving equipment utilization is a key challenge. Accordingly, while total revenue is important, we also place emphasis on revenue per vessel from the perspective of maintaining an appropriate fleet size. To secure profitability, we aim to improve metrics such as the operating margin and net profit margin, and will implement various measures to reduce operating costs and improve work-unit prices in the towage business. In terms of capital efficiency, we also aim to improve return on assets and return on equity by investing surplus funds in new projects and businesses in growth areas.」
The company identifies equipment utilization, total revenue, revenue per vessel, operating margin, net profit margin, return on assets and return on equity as areas for improvement for the first time. Specific measures include reducing operating costs, improving work-unit prices and investing in growth areas, but no numerical targets or deadlines are provided.