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日本海事新聞ニュース Japan Maritime Daily Aug 06, 2025 (Wed)

NYK Revises FY2025 Forecast Downward on Tariff & Market Issues

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　On August 5, NYK revised its earnings forecast for the fiscal year ending March 2026, announcing th ・・・続きはログインして下さいnext %E3%80%80On+August+5%2C+%3Cb%3ENYK%3C%2Fb%3E+revised+its+earnings+forecast+for+the+fiscal+year+ending+March+2026%2C+announcing+that+ordinary+profit+is+expected+to+be+240+billion+yen.+This+represents+a+downward+revision+of+15+billion+yen+from+the+previous+announcement.+%3Cb%3ENYK%3C%2Fb%3E+included+an+estimated+impact+of+24+billion+yen+%28of+which+19+billion+yen+is+for+liner+vessels%29+on+ordinary+profits+and+losses%2C+reflecting+the+tariff+measures%2C+whose+effects+are+beginning+to+emerge%2C+imposed+by+the+Trump+administration+on+various+countries.+On+the+other+hand%2C+although+the+automotive+business+was+affected+by+the+tariffs%2C+its+full-year+profit+is+expected+to+exceed+the+initial+estimate%2C+indicating+that+the+impact+varied+by+business+segment.+%3Cbr%3E%E3%80%80The+revised+full-year+forecast+is+sales+of+2.35+trillion+yen+%28previously+2.38+trillion+yen%29%2C+operating+profit+of+140+billion+yen+%28previously+135+billion+yen%29%2C+ordinary+profit+of+240+billion+yen+%28previously+255+billion+yen%29%2C+and+net+profit+of+240+billion+yen+%28previously+250+billion+yen%29.+The+exchange+rate+was+previously+set+at+140+yen+per+dollar+for+both+the+first+and+second+half%2C+but+the+actual+rate+for+April+to+June+was+145.32+yen%2C+reflecting+a+weakening+trend+of+the+yen.+The+exchange+rate+for+the+full+year+is+now+set+at+142.58+yen.+The+interim+dividend+will+remain+at+115+yen+and+the+year-end+dividend+at+120+yen%2C+unchanged+from+the+previous+announcement.+%3Cbr%3E%E3%80%80With+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+announcement%2C+the+April-June+earnings+and+full-year+forecasts+for+the+fiscal+year+ending+March+2026+for+the+three+shipping+majors+have+now+all+been+released.+Although+all+three+companies+saw+declines+in+sales+and+profits%2C+MOL+and+%E2%80%9CK%E2%80%9DLine+revised+their+profit+forecasts+upward+from+the+initial+outlook%2C+partly+due+to+strong+performance+in+finished+vehicle+transport.+%3Cbr%3E%E3%80%80At+the+financial+results+briefing+held+on+the+same+day%2C+Executive+Officer+Takashi+Yamamoto+explained+the+difference+in+earnings+revisions+from+the+two+companies+as+%E2%80%9Ca+difference+in+how+the+performance+of+ONE+%28Ocean+Network+Express%2C+a+liner+vessel+business+company%29+is+incorporated.%E2%80%9C+%3Cbr%3E%E3%80%80ONE+initially+forecast+its+full-year+profit+in+a+range+of+%24250+million+to+%241.1+billion.+While+the+other+two+companies+used+figures+close+to+the+midpoint%2C+%3Cb%3ENYK%3C%2Fb%3E+calculated+its+liner+vessel+business+profits+based+on+%241.1+billion%2C+as+it+did+not+include+the+impact+of+tariffs+in+its+earnings+estimates.+In+the+latest+earnings+announcement%2C+ONE+reported+a+full-year+profit+after+tax+of+%24700+million%2C+leading+%3Cb%3ENYK%3C%2Fb%3E+to+revise+downward+its+full-year+outlook+for+its+liner+vessel+business.+%3Cbr%3E%E3%80%80Following+the+earnings+announcement%2C+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+share+price+fell+from+the+opening+price+of+5%2C252+yen+on+August+5.+The+stock+closed+at+5%2C062+yen.+Executive+Officer+Yamamoto+said%2C+%E2%80%9CWe+had+expected+the+market+to+react+negatively+to+the+downward+revision+at+first.%E2%80%9C+He+calmly+accepted+it+as+being+within+the+expected+range.+%3Cbr%3E%E3%80%80By+segment%2C+the+full-year+ordinary+profit+forecast+for+the+liner+vessel+segment+was+revised+downward+by+11+billion+yen+to+70+billion+yen.+The+logistics+segment+was+revised+downward+by+1+billion+yen+to+17+billion+yen.+%3Cbr%3E%E3%80%80In+the+air+transport+segment%2C+Nippon+Cargo+Airlines+was+expected+to+be+excluded+from+consolidated+subsidiaries+in+May%2C+but+the+share+exchange+with+ANA+Holdings+will+now+take+place+in+August%2C+so+the+April-June+result+of+2.2+billion+yen+will+be+recorded.+%3Cbr%3E%E3%80%80The+automotive+segment+was+revised+upward+by+4+billion+yen+to+100+billion+yen.+The+strong+performance+in+the+April-June+period+is+expected+to+boost+full-year+results.+Regarding+the+additional+port+dues+imposed+by+the+USTR+%28Office+of+the+United+States+Trade+Representative%29+on+vessels+other+than+U.S.-built+PCTCs%2C+Executive+Officer+Yamamoto+said%2C+%E2%80%9CIt+is+very+unclear%2C+and+we+do+not+know+if+it+will+be+applied+from+October+as+announced%2C%E2%80%9C+indicating+that+they+will+continue+to+gather+information.+%3Cbr%3E%E3%80%80The+dry+bulk+segment+was+revised+downward+by+7+billion+yen+to+10+billion+yen.+This+reflects+the+loss+in+the+April-June+period+due+to+factors+such+as+deteriorating+profitability+of+certain+vessel+types.+The+energy+segment+remains+at+48+billion+yen%2C+unchanged+from+the+previous+forecast.+%3Cbr%3E%E3%80%80For+the+April-June+period%2C+%3Cb%3ENYK%3C%2Fb%3E%E2%80%99s+results+were%3A+sales+of+600.9+billion+yen+%28down+8%25+from+the+same+period+last+year%29%2C+operating+profit+of+37.7+billion+yen+%28down+43%25%29%2C+ordinary+profit+of+59.7+billion+yen+%28down+53%25%29%2C+and+net+profit+of+52+billion+yen+%28down+53%25%29.+%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