Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily May 09, 2025 (Fri)

NYK predicts ordinary profit down by 48% this fiscal year

0509_1-graph

　On May 8, NYK announced that it expects its consolidated ordinary profit for the full fiscal year e ・・・続きはログインして下さいnext %E3%80%80On+May+8%2C+%3Cb%3ENYK%3C%2Fb%3E+announced+that+it+expects+its+consolidated+ordinary+profit+for+the+full+fiscal+year+ending+in+March+2026+to+be+255+billion+yen%2C+a+48%25+decrease+from+the+previous+period.+The+liner+vessel+business%2C+which+had+been+the+driving+force+behind+profits+until+the+previous+period%2C+is+expected+to+see+a+70%25+drop+in+profits+due+to+an+easing+of+supply+and+demand+caused+by+an+increase+in+the+completion+of+new+ships+worldwide.+This+forecast+does+not+include+the+impact+of+tariffs+imposed+by+various+countries+and+U.S.+port+entry+fees%2C+and+there+is+a+risk+of+a+downside+impact+of+up+to+100+billion+yen+on+ordinary+profit.+%3Cbr%3E%E3%80%80With+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+announcement%2C+all+three+shipping+majors+now+have+released+their+forecasts+for+this+period.+MOL+expects+its+ordinary+profit+%28announced+on+April+30%29+to+fall+by+64%25+from+the+previous+period+to+150+billion+yen%2C+while+%E2%80%9CK%E2%80%9DLine+expects+its+ordinary+profit+%28announced+on+May+7%29+to+decrease+by+66%25+to+105+billion+yen.+The+two+companies+have+factored+in+negative+impacts+from+tariffs+and+other+factors+of+40+billion+yen+and+30+billion+yen%2C+respectively.+%3Cbr%3E%E3%80%80At+an+online+press+conference+on+the+same+day%2C+%3Cb%3ENYK%3C%2Fb%3E+President+Takaya+Soga+explained+the+impact+of+tariffs+and+other+factors%2C+saying%2C+%E2%80%9CAt+this+point+in+time%2C+there+are+so+many+parameters+%28variables%29+that+it+is+nearly+impossible+to+predict%2C+and+therefore%2C+we+have+not+factored+them+into+our+earnings+forecasts.%E2%80%9C+%3Cbr%3E%E3%80%80However%2C+the+maximum+downside+risk+to+each+sector+due+to+the+impact+of+these+factors+is+estimated+to+be+45+billion+yen+for+liner+vessels%2C+20+billion+yen+for+automobiles%2C+20+billion+yen+for+dry+bulk%2C+10+billion+yen+for+energy%2C+and+5+billion+yen+for+logistics.+%3Cbr%3E%E3%80%80%E2%96%A0+8%25+Chinese+constructed+%3Cbr%3E%E3%80%80Regarding+U.S.+port+entry+fees+on+Chinese-built+ships%2C+President+Soga+explained%2C+%E2%80%9COnly+about+8%25+of+our+operating+ships+are+built+in+China.+The+small+number+allows+us+to+assign+these+ships+to+destinations+other+than+North+America%2C+and+we+will+be+barely+affected.%E2%80%9C+%3Cbr%3E%E3%80%80However%2C+with+regard+to+PCTCs%2C+there+is+a+possibility+that+port+entry+fees+will+be+imposed+on+all+ships+other+than+those+built+in+the+United+States.+He+predicted%2C+%E2%80%9CIf+the+fees+are+really+imposed+in+October%2C+based+on+estimates+of+the+number+of+vehicles+transported+on+North+American+routes%2C+the+impact+will+likely+be+in+excess+of+10+billion+yen.%E2%80%9C+He+added%2C+%E2%80%9CHowever%2C+there+are+still+discussions+about+who+will+pay+the+port+entry+fees+and+whether+they+will+be+passed+on%2C+so+the+actual+amount+of+the+burden+is+completely+unknown.%E2%80%9C+%3Cbr%3E%E3%80%80Regarding+the+impact+of+U.S.+port+entry+fees+on+the+movement+of+finished+vehicles%2C+he+said%2C+%E2%80%9CRegarding+exports+from+Asia%2C+including+Japan%2C+the+automakers+%28clients%29+have+not+told+us+that+they+plan+to+reduce+the+volume+of+exports+to+the+U.S.+Bookings+have+not+dropped+at+all+for+the+next+two+months+from+now.+If+there+is+an+impact%2C+there+is+a+risk+that+the+spot+portion+of+goods+bound+for+the+US+from+Europe+will+deteriorate.%E2%80%9C+%3Cbr%3E%E3%80%80Of+the+total+number+of+automobiles+transported+by+%3Cb%3ENYK%3C%2Fb%3E%2C+Asia-North+America+routes+account+for+20-21%25+and+Europe-North+America+routes+for+approximately+5%25.+%3Cbr%3E%E3%80%80Regarding+container+ships%2C+he+said%2C+%E2%80%9CIf+the+tariff+issue+reduces+the+volume+of+cargo+between+China+and+North+America%2C+it+could+have+a+significant+impact.+However%2C+the+occupancy+ratio+has+remained+high%2C+although+it+has+actually+declined+slightly+recently+because+shipping+companies+reduced+services.+Therefore%2C+actual+freight+rates+have+not+fallen.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%96%A0+Automobiles%3A+96+billion+yen+%3Cbr%3E%E3%80%80In+terms+of+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+ordinary+profit+by+division+for+this+period%2C+the+liner+vessel+business+is+expected+to+see+a+70%25+decline+to+81+billion+yen.+The+logistics+business+is+expected+to+see+a+15%25+decrease+to+18+billion+yen+due+to+lower+freight+rates+and+one-time+costs+associated+with+growth+investments.+%3Cbr%3E%E3%80%80The+automotive+business+is+expected+to+see+a+15%25+decrease+to+96+billion+yen.+In+addition+to+easing+supply+and+demand+due+to+an+increase+in+newly+built+ships+worldwide%2C+increased+costs+due+to+the+launch+of+LNG+%28liquefied+natural+gas%29+dual-fuel+ships+are+also+having+an+impact.+%3Cbr%3E%E3%80%80The+number+of+automobiles+transported+is+expected+to+remain+flat+compared+to+the+previous+period+at+4.46+million.+A+slight+decrease+on+North+American+routes+due+to+model+changes+of+finished+cars+will+be+covered+by+a+recovery+on+European+routes.+%3Cbr%3E%E3%80%80The+air+transportation+business+is+scheduled+to+complete+a+share+exchange+with+NCA+%28Nippon+Cargo+Airlines%29+in+late+May%2C+and+therefore%2C+it+is+not+included+in+the+full-year+forecast.+As+a+result%2C+the+pretax+profit+of+21+billion+yen+in+the+air+transportation+business+in+the+previous+period+will+be+eliminated%2C+leading+to+a+decrease+in+earnings+in+this+period.+%3Cbr%3E%E3%80%80The+dry+bulk+business+is+expected+to+see+a+6%25+decrease+to+17+billion+yen%2C+with+market+conditions+expected+to+be+at+the+same+level+as+the+previous+period.+%3Cbr%3E%E3%80%80The+energy+business+is+expected+to+see+a+4%25+increase+to+48+billion+yen.+This+is+the+only+division+that+is+expected+to+achieve+an+increase+in+profits.+This+is+due+to+the+limited+completion+of+new+crude+oil+carriers+and+medium-+to+long-term+contracts+for+LNG+carriers.+%3Cbr%3E%E3%80%80The+annual+dividend+for+this+period+is+expected+to+be+235+yen+%28325+yen+in+the+previous+period%29.+The+exchange+rate+assumption+is+140+yen+to+the+dollar.+A+depreciation+of+one+yen+will+lead+to+an+increase+in+profits+of+2.7+billion+yen.+%3Cbr%3E%E3%80%80%E2%96%A0+Profits+up+90%25+in+the+previous+period+%3Cbr%3E%E3%80%80%3Cb%3ENYK%3C%2Fb%3E+announced+on+the+same+day+that+its+consolidated+financial+results+for+the+fiscal+year+ended+in+March+2025+showed+ordinary+profit+of+490.8+billion+yen%2C+up+88%25+from+the+previous+term.+The+company+recorded+an+equity+method+investment+gain+of+247.1+billion+yen+%2853.4+billion+yen+in+the+previous+term%29+from+ONE+%28Ocean+Network+Express%29%2C+a+liner+vessel+business+company.+The+yen+weakened+against+the+dollar+by+approximately+9+yen+compared+to+the+previous+term%2C+resulting+in+a+16.9-billion-yen+increase.+%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