Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily May 01, 2025 (Thu)

MOL forecasts 60% drop in FY2025 profit on weak market and tariffs

　On April 30, MOL announced that its consolidated ordinary profit for the period ending March 2026 i ・・・続きはログインして下さいnext %E3%80%80On+April+30%2C+%3Cb%3EMOL%3C%2Fb%3E+announced+that+its+consolidated+ordinary+profit+for+the+period+ending+March+2026+is+expected+to+be+150+billion+yen%2C+down+64%25+from+the+previous+period.+In+addition+to+the+market+peaking+out+for+container+ships%2C+PCTCs%2C+and+chemical+tankers%2C+the+impact+of+U.S.+tariff+policy+will+push+down+profits.+At+the+earnings+briefing+on+the+same+day%2C+President+Takeshi+Hashimoto+predicted+that+%E2%80%9CU.S.+tariff+policy+will+reduce+ordinary+profit+by+40+billion+yen.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CAt+this+stage%2C+it+is+extremely+difficult+to+quantify+the+negative+impact+that+the+turmoil+in+the+global+economy+caused+by+the+U.S.+tariff+policy+will+have+on+the+shipping+market%2C+but+we+have+factored+in+a+downside+based+on+certain+assumptions.%E2%80%9C+%3Cbr%3E%E3%80%80President+Hashimoto+explained+the+company%E2%80%99s+earnings+forecast+in+this+way.+%3Cbr%3E%E3%80%80Representative+Director%2C+Senior+Managing+Executive+Officer+Kazuya+Hamazaki%2C+who+was+also+present+at+the+press+conference%2C+added+that+of+the+40+billion+yen%2C+%E2%80%9Ccontainer+ships+accounted+for+just+over+20+billion+yen%2C+PCTCs+for+just+over+10+billion+yen%2C+and+chemical+tankers+and+dry+bulkers+for+a+total+of+just+under+10+billion+yen.%E2%80%9C+%3Cbr%3E%E3%80%80Excluding+ordinary+profit%2C+the+consolidated+performance+forecast+for+the+period+ending+March+2026+is+for+sales+to+decrease+4%25+year-on-year+to+1.7+trillion+yen%2C+operating+profit+to+decrease+34%25+to+100+billion+yen%2C+and+net+profit+to+decrease+60%25+to+170+billion+yen.+%3Cbr%3E%E3%80%80Assumptions+are+an+exchange+rate+of+140+yen+to+the+dollar+and+a+fuel+price+of+525+dollars+per+ton.+The+Red+Sea+bypass+will+continue+throughout+the+fiscal+year.+The+number+of+vehicles+transported+by+PCTCs+is+expected+to+decrease+by+13%25+to+2.54+million+units.+The+annual+dividend+plan+is+150+yen+per+share.+%3Cbr%3E%E3%80%80In+terms+of+ordinary+profit+forecasts+by+segment%2C+the+product+transport+business%2C+which+consists+of+container+ships+and+PCTCs%2C+is+expected+to+decrease+75%25+to+75+billion+yen.+The+main+reason+for+this+is+that+profits+from+the+container+ship+business+is+going+to+fall+83%25+to+36+billion+yen+due+to+falling+freight+rates+caused+by+an+increase+in+the+supply+of+new+ships.+%3Cbr%3E%E3%80%80%3Cb%3EMOL%3C%2Fb%3E+has+calculated+its+own+earnings+forecast+for+Ocean+Network+Express+%28ONE%29%2C+a+container+shipping+company+in+which+it+has+an+investment+jointly+with+NYK+and+%E2%80%9CK%E2%80%9DLine.+Assuming+a+decrease+in+cargo+volume+from+China+to+the+United+States+and+lower+freight+rates+to+North+America%2C+the+company+expects+after-tax+profits+to+fall+86%25+from+the+previous+period+to+%24600+million.+%3Cbr%3E%E3%80%80The+energy+business+is+expected+to+see+a+decline+in+profits+by+36%25+to+66+billion+yen.+In+addition+to+the+decline+in+the+chemical+tanker+market%2C+the+company+is+also+affected+by+the+loss+of+a+one-time+profit+of+around+10+billion+yen+due+to+the+application+of+the+equity+method+to+MODEC.+%3Cbr%3E%E3%80%80In+the+dry+bulk+business%2C+while+Capesize+ships+are+expected+to+secure+stable+profits+based+on+long-term+contracts%2C+the+market+for+small+and+medium-sized+bulkers+is+expected+to+decline+due+to+sluggish+domestic+demand+in+China.+It+is+expected+decrease+by+50%25+to+7+billion+yen.+%3Cbr%3E%E3%80%80The+Well-Being+Life+business+is+expected+to+decrease+38%25+to+5+billion+yen.+The+businesses+for+ferries+and+Coastal+RoRo+Vessels+are+expected+to+perform+steadily%2C+and+the+cruise+ship+business+is+expected+to+improve+with+two+ships+back+in+full+operation%2C+but+the+company+will+be+affected+by+the+costs+of+rebuilding+some+real+estate+properties.+Related+businesses+are+expected+to+decline+by+60%25+to+1+billion+yen.+%3Cbr%3E%E3%80%80The+consolidated+financial+results+for+the+period+ending+March+2025%2C+announced+on+the+same+day%2C+showed+sales+up+9%25+from+the+previous+period+to+1.7754+trillion+yen%2C+operating+profit+up+46%25+to+150.8+billion+yen%2C+ordinary+profit+up+62%25+to+419.7+billion+yen%2C+and+net+profit+up+63%25+to+425.4+billion+yen.+The+annual+dividend+will+be+360+yen+per+share+%28220+yen+in+the+previous+period%29%2C+an+increase+of+20+yen+from+the+previous+forecast.+%3Cbr%3E%E3%80%80The+energy+business%2C+including+container+ships%2C+PCTCs%2C+and+chemical+tankers%2C+performed+well%2C+and+the+exchange+rate+was+also+a+tailwind%2C+as+the+yen+was+more+than+9+yen+weaker+than+the+previous+period.+%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