Tsuneishi Holdings, the diverse Japanese shipbuilding, shipping and leisure group, has reported a third consecutive year of revenue growth despite a long running downturn in newbuilding contracting.

The Hiroshima-based company, controlled by the Kambara family, reported revenue of ¥229bn ($2.1bn) for the fiscal year ending March 2020, up ¥9.4bn in the previous year.

It is the third consecutive annual increase in revenue reported by the company.