Revenue decline following the end of liquid cargo transportation services
First written in FY2017-Q1. 3 of 5 entries say "Restated". Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018DroppedAnnual report
「Industrial raw material oil revenue increased as cargo movements remained firm, while orders for new freight and specialized work associated with contract expirations also contributed.」
The discontinuation of industrial raw material oil transportation services, which had been explicitly cited through the previous fiscal year, was not repeated in the current fiscal year’s analysis. Industrial raw material oil was instead identified as a factor supporting revenue growth. - FY2017RestatedAnnual report
「Although cargo movements for industrial raw material oil, the segment’s main product, remained firm as the number of operating tanks increased, the discontinuation of transportation services during the previous consolidated fiscal year resulted in a substantial revenue decline.」
The discontinuation of industrial raw material oil transportation services continued to be a factor behind the liquid freight segment’s revenue decline in the full-year results. - FY2017-Q3RestatedAnnual report
「Although the company sought to attract tank usage from new customers and others, cargo movements remained sluggish overall. In addition, the discontinuation of industrial raw material oil transportation services during the previous corresponding period and a decline in specialized work involving heavy oil tanks resulted in liquid freight segment revenue of ¥684 million, down ¥162 million, or 19.1%, year on year.」
The discontinuation of industrial raw material oil transportation services and the decline in specialized heavy oil tank work continued to weigh on revenue in the liquid freight segment. The company also mentions efforts to attract tank usage from new customers and others. - FY2017-Q2RestatedAnnual report
「Revenue in the liquid freight segment was ¥444 million, down ¥178 million, or 28.6%, year on year, due to the discontinuation of industrial raw material oil transportation services during the previous corresponding period and a decline in specialized work involving heavy oil tanks.」
The discontinuation of liquid freight transportation services continued to be a factor behind the revenue decline in the second quarter of the current fiscal year. - FY2017-Q1First statedAnnual report
「The discontinuation in July of the previous year of the liquid freight transportation services in which the company had been engaged for many years」
In the liquid freight segment, revenue fell 31.8% year on year and segment profit declined 23.2%, mainly due to the discontinuation of industrial raw material oil transportation services.