Source disclosure: February 03, 2026
Kawasaki Kisen Kaisha,Ltd. [9107.T]
TOKYO, Feb 3 (Pulse News Wire) -- Kawasaki Kisen Kaisha, Ltd. (9107.T), commonly known as Nippon Yusen KK (NYK Line), has released its third quarter earnings report for the fiscal year ending March 2025. The company reported a consolidated net income of ¥686 billion for the quarter ended December 2024, marking a decrease of ¥1.821 trillion compared to the same period last year. Total revenue stood at ¥5,005 billion, down by ¥372 billion from the previous year's corresponding quarter.
The operating profit for the quarter was ¥429 billion, reflecting a decline of ¥235 billion year-over-year due primarily to reduced profitability in automobile carriers and dry bulk shipping segments. Meanwhile, the company’s ordinary income dropped significantly to ¥596 billion, a reduction of ¥2,002 billion from the prior year, largely attributed to lower holding gains on ONE Co., Ltd.'s equity method investments.
In terms of segmental performance, the dry bulk division saw an increase in sales volume despite facing challenges such as disputes over loading areas, higher maintenance costs, and unfavorable exchange rates. Energy resources maintained stable revenues through long-term contracts but experienced a slight drop due to currency effects. Product logistics, particularly the automotive carrier business, benefited from robust global auto market demand, although it also faced headwinds from currency fluctuations and increased operational expenses leading to overall decreased revenues.
For the full fiscal year ending March 2025, NYK forecasts total revenue of ¥10,060 billion, a slight improvement from their November prediction of ¥9,840 billion. However, the projected operating profit is expected to be ¥840 billion, which represents a decline of ¥188 billion from the previous forecast. Similarly, the anticipated ordinary income stands at ¥1,000 billion, showing no change from the earlier estimate. The company attributes these adjustments mainly to ongoing uncertainties regarding fuel oil prices and exchange rate movements, especially concerning the U.S. dollar against the Japanese yen.
Looking ahead, NYK remains committed to its medium-term management plan aimed at enhancing its earning power while maintaining optimal capital structure and cash allocation policies. The company plans to achieve an annual operating cash flow target of ¥1.5 trillion and aims to maintain a return on invested capital (ROIC) between 6.0% and 7.0%. Additionally, NYK expects to invest approximately ¥6.1 trillion during the current medium-term planning period, focusing on growth initiatives and environmental investments aligned with low-carbon and decarbonization goals.
Regarding shareholder returns, NYK intends to distribute dividends amounting to ¥120 per share for both fiscal years 2025 and 2026, representing an increase of ¥20 per share in the latter year. Furthermore, the company continues to explore opportunities for additional discretionary dividend payouts based on prevailing business conditions, aiming to enhance shareholder value and improve price-to-book ratio (PBR) metrics above 1.0 times.
This disclosure could not be fully translated automatically. View original filing (Japanese) • Terms