Early Termination or Non-Renewal of Long-Term Contracts for Logistics Facilities
First written in FY2016. 5 of 9 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 6 of 28 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If a contract is terminated early or cannot be renewed at maturity due to changes in a business partner's management strategy resulting from changes in the operating environment, this could adversely affect subsequent operating performance.」
The risk of an impact on operating performance from the early termination or inability to renew long-term usage contracts for tanks and warehouses continues. - FY2019RestatedAnnual report
「These contracts provide the company with stable revenue, but if a contract is terminated early due to the customer's circumstances or a contract reaching maturity cannot be renewed, this could adversely affect subsequent operating performance.」
The risk of early termination or inability to renew long-term contracts for logistics facilities continues. - FY2019-Q3MaterialisedAnnual report
「For liquid cargo, the movement of petroleum products remained relatively strong compared with the same period of the previous year, and orders for new cargo progressed smoothly. However, revenue declined due mainly to the termination of some tanks at the beginning of the period amid declining fuel demand. The movement of chemical products also remained relatively strong, but revenue decreased slightly year on year because of the revenue lost from tanks whose contracts were terminated in the previous period.」
Revenue lost from tank terminations at the beginning of the period amid declining fuel demand, together with revenue lost from tanks whose contracts were terminated in the previous period, materialized, and revenue in the liquid cargo segment decreased by 3.9% year on year. - FY2018RestatedAnnual report
「These contracts provide the company with stable revenue, but if a contract is terminated early due to the customer's circumstances or a contract reaching maturity cannot be renewed, this could adversely affect subsequent operating performance.」
The risk of an impact on operating performance from the early termination or non-renewal of long-term logistics facility contracts continues. - FY2017RestatedAnnual report
「These contracts provide the company with stable revenue, but if a contract is terminated early due to the customer's circumstances or a contract reaching maturity cannot be renewed, this could adversely affect subsequent operating performance.」
The risk of early termination or inability to renew long-term logistics facility contracts continues to be explicitly disclosed. The chemicals center resumed operations during the fiscal year, but the general contractual risk disclosure remains. - FY2017-Q3RestatedAnnual report
「Due mainly to the suspension of the hazardous materials warehouse while preparations were made for a new customer, revenue in the logistics warehouse segment was ¥669 million, a decrease of ¥88 million, or 11.6%, from the same period of the previous year.」
The suspension of the hazardous materials warehouse has continued and is reflected as a factor behind lower revenue and profit in the logistics warehouse segment. The impact of the contract and facility utilization risks that have already materialized continues. - FY2017-Q2MaterialisedAnnual report
「The hazardous materials warehouse is currently suspended while facility improvements are carried out in preparation for a new shipper.」
The suspension of the hazardous materials warehouse continued into the second quarter and materialized as a factor behind lower revenue and profit in the logistics warehouse segment. - FY2017-Q1MaterialisedAnnual report
「The hazardous materials warehouse whose contract was terminated at the end of the previous fiscal year was significantly affected by being in a preparation period for a new customer.」
The suspension and preparation period following the termination of the hazardous materials warehouse contract materialized as a factor behind the decline in revenue for the current quarter. Revenue in the logistics warehouse segment decreased by 10.4% year on year. - FY2016First statedAnnual report
「If a contract is terminated early due to the customer's circumstances or a contract reaching maturity cannot be renewed, this could adversely affect subsequent operating performance.」
During the current fiscal year, an early termination occurred involving a hazardous materials warehouse, and ¥49 million in compensation for the early termination was recognized as extraordinary income.