Imabari Shipbuilding: Sales and profits decreased for the first time in 2 years, and new orders significantly decreased due to corona impact.
The last year's group-wide financial results for the largest domestic shipbuilding company, Imabari Shipbuilding, saw a decline in revenue and profit for the first time in two years as the price of the ship dropped due to intensifying competition with overseas companies, and new orders for future business results were also received. It fell significantly due to the influence of the new coronavirus.
According to the announcement, last year's group's financial results for Imabari Shipbuilding were 380.6 billion yen, a decrease of more than 2% from the previous year and the first decrease in revenue for two years.
This was because large container vessels were strong and the construction volume was the highest ever, but the unit price of the vessels generally fell due to intensifying competition with China and South Korea.As a result, ordinary profit was also the first in two years. It has decreased.
On the other hand, last year's new orders related to future business results were one-third of the previous year, due to the impact of the spread of the new coronavirus infection and the slump in the shipping market, which led to a sharp chilling mainly due to ship replacement demand. It has dropped significantly to 26 vessels.
Imabari Shipbuilding's interview* President Yukihito Higaki pointed out, “Since the beginning of the new year, the outbreak of the new coronavirus has caused a major economic turmoil, and new construction demand has been lost.”
In addition, * President Higaki plans to secure orders while responding to new demand, such as developing cutting-edge eco-friendly ships in collaboration with Japan Marine United, the second-largest Japanese company that has agreed to a capital and business alliance. I showed you.
*For cypress, in the middle of the right side "Akai" is "Ta"