Risk of breakdowns, shutdowns and delayed recovery of large cranes
First written in FY2020-Q2. 4 of 7 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2023-Q3.
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- FY2023-Q3MaterialisedAnnual report
「Based on the business activities described above, revenue for the nine-month period ended the third quarter of the consolidated fiscal year was ¥2,846 million, down ¥320 million, or 10.1%, from the prior-year period. Although revenue increased in the liquid cargo segment, handling volumes in the bulk cargo segment declined because work space was restricted by major crane repairs and construction of a new warehouse, among other factors.」
Restrictions on work space caused by major crane repairs and construction of a new warehouse actually resulted in lower bulk cargo handling volumes and a 10.1% year-on-year decline in total revenue. - FY2023-Q2MaterialisedAnnual report
「Based on the business activities described above, revenue for the six-month period ended the second quarter of the consolidated fiscal year was ¥1,862 million, down ¥181 million, or 8.9%, from the prior-year period. Handling of bulk cargo temporarily declined because of crane repairs, while the new warehouse construction reduced open-yard space and forced the company to limit its operations.」
The decline in bulk cargo handling associated with crane repairs actually contributed to lower total revenue for the six-month period ended the second quarter. The effects of the repair period remained in cumulative results even after the repairs were completed. - FY2023-Q1MitigatedAnnual report
「The crane malfunction that occurred in March 2022 was repaired by the end of June, and the crane has resumed operating smoothly.」
The crane malfunction that occurred in March 2022 was repaired by the end of June and the crane resumed smooth operations. At the same time, ¥12.579 million in damages was recorded as an extraordinary loss, presenting both the response to the incident and the loss recognition. - FY2021RestatedAnnual report
「The equipment is inspected continuously by the specialist department, and parts and other components are renewed at an early stage to maintain and ensure its durability. The company also maintains a fully prepared system with all major core components kept in stock at all times.」
The company continues to address the risk of sudden malfunctions of major cranes and other equipment through continuous inspections, parts replacement and stocking of core components. - FY2020MitigatedAnnual report
「We have made an even greater commitment of resources to maintaining and renewing equipment so that we can consistently provide stable port logistics services.」
In light of the major crane malfunction that occurred in the previous fiscal year, the company increased its allocation of resources to equipment maintenance and renewal. It also carried out a partial renewal of the major crane costing ¥121 million. - FY2020-Q3MaterialisedAnnual report
「Although the total volume handled in the bulk cargo business declined because of the shutdown of a major crane following a malfunction, revenue increased through higher revenue from ancillary cargo-handling work, including truck transport of coke. Revenue was ¥1,957 million, up ¥31 million, or 1.6%, from the prior-year period.」
The malfunction and shutdown of the major crane that occurred in the previous quarter continued to affect the third quarter, contributing to a decline in total handling volume. However, revenue in the bulk cargo segment increased 1.6% because of revenue from ancillary work. - FY2020-Q2MaterialisedAnnual report
「The bulk cargo segment was affected by a malfunction of a major crane, which had been shut down since late August. Revenue was ¥1,265 million, down ¥48 million, or 3.7%, from the prior-year period. Segment profit was ¥87 million, up ¥42 million, or 95.2%, year on year. The company is making every effort to complete restoration of the major crane as quickly as possible, but currently expects restoration to be completed in mid-November.」
A malfunction of the major crane and its shutdown from late August actually occurred, contributing to lower revenue in the bulk cargo segment. Restoration was expected to be completed in mid-November.