Komori
Hyoki Kaiun (9362) · RiskMaterialised

Freight-rate competition with China and South Korea and an insufficient stable customer base

First written in FY2018. 3 of 6 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2027-H1.

6entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2018WorsenedFY2020-Q2 – FY2027-H12018: 120182019: 120192020: 120202021: 020212022: 020222023: 020232024: 020242025: 220252026: 12026
Same theme, other companies
Freight-Rate Competition and Inadequate Contract Base in Ocean ShippingA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2027-H1MaterialisedAnnual report

    「Steel products struggled, with shipments to Taiwan affected by deteriorating steel market conditions and shipments to South Korea affected by intensifying price competition with overseas shipping companies.」

    Worsening market conditions for Taiwan-bound shipments and price competition with overseas shipping companies on shipments to South Korea resulted in sluggish handling of steel products.
  2. FY2026-H1WorsenedAnnual report

    「Meanwhile, handling of construction machinery bound for Central Asia via China, including Mongolia and Kazakhstan, struggled to grow relative to the target set at the beginning of the period.」

    The sluggish growth in construction-machinery transport to Central Asia against the target set at the beginning of the period became evident in actual results, leaving challenges in establishing an order base.
  3. FY2025WorsenedAnnual report

    「Competition for orders against RORO vessels has intensified in construction-machinery transport to China and Central Asia, making the development of orders for cargo other than construction machinery a challenge.」

    Competition with RORO vessels intensified in construction-machinery transport to Central Asia, highlighting declines in the handling of core cargo and a weak order base.
  4. FY2020-Q3MaterialisedAnnual report

    「However, the Philippines route faced numerous challenges, including price competition with other industry participants and securing return cargo, and did not contribute to profit.」

    Price competition with other companies on the Philippines route and difficulties securing return cargo actually materialized, leaving the business unable to contribute to profit.
  5. FY2020-Q2WorsenedAnnual report

    「Reflecting difficult market conditions in coastal shipping, the business environment has begun to deteriorate.」

    The company states that difficult coastal-shipping market conditions have begun to affect the business environment for ocean shipping, deepening the existing risks of freight-rate competition and an insufficient stable customer base.
  6. FY2018First statedAnnual report

    「As a group operating primarily in the coastal shipping market, we face excessive freight-rate competition with China and South Korea. The absence of regular routes and specific COA contracts, and the lack of a stable sales base, are weaknesses.」

    The company identifies freight-rate competition with China and South Korea, the absence of regular services and specific COA contracts, and an insufficient stable customer base as structural risks in its ocean-shipping business.
Moved together

"Deterioration in transport volumes and earnings due to weak steel demand" moved the same way as this thread, in the same document, in 5 of its 6 moves.

544322★123456
  1. ★This thread
  2. 1Deterioration in transport volumes and earnings due to weak steel demand5×
  3. 2Declining Demand in the Near-Sea Market and Lower Utilisation of Company-Owned Vessels4×
  4. 3Overseas political and economic instability and financial-market volatility4×
  5. 4Domestic shipping cost burden from higher dry-dock expenses and charter hire3×
  6. 5Guarantee and credit risks arising from deterioration in charterers' financial condition2×
  7. 6Concentration of sales among major steel customers and the impact of China's economy2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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