© 2017. NYK Group. All rights reserved.

Financial Results for FY 18/3 2nd Quarter and Forecast for FY 18/3

October 31, 2017

© 2017. NYK Group. All rights reserved.

© 2017. NYK Group. All rights reserved.

Contents

  1. Financial Highlights for FY18/3 2Q
  2. Forecast for FY18/3
  3. Overview of Each Industrial Segment
  4. Financial Position
  5. Fleet in Operation
p.3-6 p.7-10 p.11-16 p.17 p.18 (Attachment) ONE = Ocean Network Express -Progress status report-

© 2017. NYK Group. All rights reserved. 2

Overview of FY 18/3 2nd Quarter Results

Revenues and profit increased vs FY 17/3 2Q. Bottom line returned to the black.

Both Container and Dry bulk market improved on the back of strong cargo movement. FY18/3 2Q result improved vs previous forecast. (Please refer to page 10)

Net income returned to the black vs FY 17/3 2Q when a large extraordinary loss was recorded.

Liner Trade Lifting volume stable and high utilization has been maintained.

Transpacific spot rates at a standstill due to excess capacity caused by some carriers' extra loaders program

ONE has been included in the scope of consolidation as an equity-affiliated company from 2Q.

Air Cargo Strong cargo demand led to high freight rates.

FY18/3 2Q significantly improved vs FY17/3 2Q.

Logistics Both ocean-freight forwarding and air-freight forwarding business struggled with high procurement cost.

Bulk Shipping Dry bulk trade, especially iron ore, coal and grains as major commodities, was active and the market improved.

Tanker market worse than expected due to oversupply of new builds. LNG/Off shore business's high rate of engagement resulted in good profit. Car carrier's strong volume to North America and Europe has been maintained.

・2Q Extra-ordinary Loss Integration cost of container business JPY 4.2 billion

(The amount was included in the previous forecast.)

・2Q Net Income JPY 0.8 billion which is a significant improvement vs the previous forecast.

FY 18/3 2nd Quarter Result (Summary)

2Q Result

Revenues and profit increased vs FY 17/3 2Q. Bottom line returned to the black.

FY17/3 FY18/3

Year- on-

(In billion yen) 1Q 2Q 1H 3Q 4Q 2H Full-

Year

1Q 2Q 1H

year

Revenues 470.7 457.8 928.5 485.9 509.3 995.2 1,923.8 521.7 542.5 1,064.2 135.6

Operating Income

-10.9 -11.5 -22.4 6.9 -2.5 4.3 -18.0 3.5 9.1 12.7 35.2

Recurring Profit

Net Income Attributable of owners of the Parent Company

-9.9 -13.6 -23.6 25.9 -1.2 24.6 1.0 10.2 11.7 22.0 45.6

-12.7 -219.0 -231.8 5.7 -39.6 -33.9 -265.7 5.3 0.8 6.2 238.1

Exchange rate Bunker Oil Prices

￥111.12 192.62

￥103.50 238.71

￥107.31 215.67

￥106.13 270.71

￥114.29 312.94

￥110.21 291.83

￥108.76 253.75

￥111.48 326.72

￥110.92 316.32

￥111.20 321.52

+￥3.89

+ 105.85

Nippon Yusen KK published this content on 31 October 2017 and is solely responsible for the information contained herein.
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