During the first nine months of the fiscal year ending March 31, 2013, although the Japanese economy showed signs of picking up slowly on the back of reconstruction-related demand from the Great East Japan Earthquake, it began to weaken amid a slowdown in the global economy. Under such circumstances, Sasebo Group posted orders received of ¥21,619 million in the shipbuilding business, a 47.6% increase from the same period of the previous fiscal year.
Included in this amount were new shipbuilding orders for 2 units of 75,000 DWT bulk carriers, 3 units of 77,000 DWT bulk carriers and 2 units of 84,000 DWT bulk carriers, as well as ship repairs for the Japan Maritime Self-Defense Force, United States Navy vessels, and commercial vessels.
Net sales amounted to ¥24,955 million, decreasing 46.0% from the same period of the previous fiscal year as a result of a reduction in the scale of new shipbuilding operations, in addition to progress on low-priced new shipbuilding orders that were received after the Lehman Shock. The shipbuilding business posted a segment loss of ¥1,787 million. New ships delivered during the first nine months of the current fiscal year totaled 4 ships: 1 unit of 180,000 DWT bulk carrier and 3 units of 75,000 DWT bulk carriers. As a result, the order backlog for new shipbuilding came to 11 units.
(1 Japanese Yen equals 0.01 US Dollar)
[mappress] Press Release, February 20, 2013