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日本海事新聞ニュース Japan Maritime Daily Aug 06, 2024 (Tue)

NYK’s ordinary profit for 1st quarter increased by 40%

0806_1_1-graph

　On August 5, NYK announced its consolidated financial results for the April-June 2024 period. Ordin ・・・続きはログインして下さいnext %E3%80%80On+August+5%2C+%3Cb%3ENYK%3C%2Fb%3E+announced+its+consolidated+financial+results+for+the+April-June+2024+period.+Ordinary+profit+increased+significantly+by+41%25+from+the+same+period+last+year+to+125.7+billion+yen%2C+due+to+the+rise+in+short-term+container+shipping+freight+rates+caused+by+the+situation+in+the+Red+Sea.+The+company+also+disclosed+its+full-year+consolidated+ordinary+profit+forecast+by+segment+for+the+fiscal+year+ending+March+2025%2C+revealing+that+its+automotive+business%2C+which+consists+of+PCTCs+and+automotive+logistics%2C+is+expected+to+achieve+120+billion+yen%2C+up+13%25+from+the+previous+period.+This+is+the+first+time+the+company+has+disclosed+earnings+for+its+automotive+business.+%3Cbr%3E%E3%80%80With+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+announcement%2C+all+three+shipping+majors+have+now+released+their+consolidated+financial+results+for+the+April-June+2024+period.+MOL%E2%80%99s+ordinary+profit+increased+by+20%25+from+the+same+period+last+year+to+108.6+billion+yen%2C+while+%E2%80%9CK%E2%80%9DLine%E2%80%99s+ordinary+profit+increased+by+59%25+to+74.8+billion+yen.+Both+achieved+significant+increases.+%3Cbr%3E%E3%80%80%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+sales+for+the+April-June+period+increased+by+15%25+to+651.7+billion+yen%2C+thanks+to+rising+market+conditions+in+the+dry+bulk+business+and+increased+handling+volume+in+the+logistics+business.+Operating+profit+increased+by+40%25+to+65.8+billion+yen%2C+and+net+profit+increased+by+50%25+to+110.2+billion+yen.+The+weak+yen+also+boosted+ordinary+profit+by+10.1+billion+yen.+%3Cbr%3E%E3%80%80The+company%E2%80%99s+full-year+consolidated+earnings+forecast+for+the+fiscal+year+ending+March+2025+remains+unchanged+from+the+figures+revised+upward+on+July+22%2C+with+ordinary+profit+expected+to+increase+by+57%25+from+the+previous+period+to+410+billion+yen+and+net+profit+expected+to+increase+by+71%25+to+390+billion+yen.+Ordinary+profit+is+expected+to+reach+the+third+highest+level+ever.+%3Cbr%3E%E3%80%80At+the+earnings+briefing%2C+President+Takaya+Soga+explained+the+reason+for+the+significant+revision+of+the+ordinary+profit+forecast+from+250+billion+yen%2C+saying%2C+%E2%80%9CThe+impact+of+the+navigation+restrictions+in+the+Red+Sea+was+more+widespread+and+profound+than+expected.%E2%80%9C+The+impact+is+being+felt+not+only+by+container+ships+but+also+by+PCTCs.+Other+contributing+factors+were+a+change+in+the+timing+of+the+transfer+of+Nippon+Cargo+Airlines+%28NCA%29+shares+and+the+weak+yen.+%3Cbr%3E%E3%80%80On+August+5%2C+the+company+announced+its+full-year+ordinary+profit+forecasts+by+segment.+In+this%2C+what+was+previously+disclosed+as+the+%E2%80%9Cnon-liner+business%E2%80%9C+has+now+been+divided+into+the+%E2%80%9Cautomotive+business%2C%E2%80%9C+%E2%80%9Cdry+bulk+business%2C%E2%80%9C+and+%E2%80%9Cenergy+business.%E2%80%9C+%3Cbr%3E%E3%80%80Demand+for+transportation+remains+strong+in+the+automotive+business%2C+and+the+number+of+vehicles+transported+is+expected+to+be+4.47+million%2C+in+line+with+the+initial+forecast.+The+dry+bulk+business%2C+which+is+enjoying+strong+market+conditions%2C+is+expected+to+increase+by+83%25+to+33+billion+yen.+The+energy+business+is+expected+to+decrease+by+3%25+to+45+billion+yen%2C+supported+by+stable+revenue+from+LNG+%28liquefied+natural+gas%29+carriers+and+other+sources.+%3Cbr%3E%E3%80%80The+liner+vessel+business%2C+centered+on+Ocean+Network+Express+%28ONE%29%2C+an+equity+method+affiliate+involved+in+the+container+shipping+business%2C+is+expected+to+increase+2.7+times+to+183+billion+yen.+The+air+transportation+business+is+expected+to+increase+by+75%25+to+10+billion+yen%2C+while+the+logistics+business+is+expected+to+decrease+by+15%25+to+22+billion+yen.+%3Cbr%3E%E3%80%80The+earnings+forecast+assumes+that+the+exchange+rate+from+the+second+quarter+onwards+will+be+150+yen+to+the+dollar.+Over+the+remaining+nine+months+from+July%2C+a+1+yen+depreciation+of+the+yen+will+lead+to+an+increase+in+operating+profit+of+approximately+2.11+billion+yen.+%3Cbr%3E%E3%80%80The+annual+dividend+forecast+has+been+revised+upward+by+100+yen+from+the+previous+forecast+of+160+yen+per+share+to+260+yen%2C+in+line+with+a+consolidated+dividend+payout+ratio+of+30%25.+The+previous+period%E2%80%99s+results+were+140+yen.+%3Cbr%3E%E3%80%80Due+to+the+worsening+situation+in+the+Middle+East%2C+restrictions+on+navigation+in+the+Red+Sea+are+expected+to+continue+until+the+end+of+December+2024.+However%2C+Soga+said%2C+%E2%80%9CThe+situation+has+worsened+further%2C+so+%28the+navigation+restrictions%29+may+last+longer+than+expected.%E2%80%9C+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E