At NYK Line's Board of Directors meeting held today, a proposal was approved concerning the year-end dividend per share for the fiscal year ended March 31, 2018. The proposal increases the latest dividend forecast by ¥10 per share. This matter will be executed by resolution at the 131st Ordinary General Meeting of Shareholders scheduled for June 20, 2018.
1. Dividend allocation
Determined amount
Dividend forecast (announced Jan. 31, 2018)
Previous fiscal year (ended March 31, 2017)
Record date
March 31, 2018
March 31, 2018
March 31, 2017
Dividend per share
30 yen
20 yen
0 yen
Aggregate dividend amount
5,087 million yen
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-
Effective date
June 21, 2018
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-
Dividend source
Retained earnings
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-
2. Reason for increase
NYK Line regards the stable return of profits to shareholders to be one of its top management priorities. The dividend distribution amount is based on earnings forecasts and a variety of other considerations, targeting a consolidated payout ratio of 25 percent. Management determines that the company has sufficient prospects for regaining profitability based on the results of various structural reforms and the recovery of the maritime shipping market, and the proposed year-end dividend for the fiscal year ended March 31, 2018 is ¥30 per share.
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Nippon Yusen KK published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 03:14:09 UTC
Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world's largest transport and logistics services providers. Net sales break down by activity as follows:
- bulk sea transport (42.7%): dry bulk, vehicles, oil products transport, etc.;
- containers sea transport (37.1%). The group also develops a containers terminals operation activity;
- logistics services (8.2%): storage, warehousing, delivery services, etc.;
- freight air transport (7.8%);
- other (4.2%): primarily real estate management, ships maintenance and repair.
At the end of March 2022, the group had a fleet of 658 vessels.
NIPPON YUSEN KABUSHIKI KAISHA 
