Nippon Yusen Kabushiki Kaisha : Notice of Disparities between Full Fiscal Year Consolidated Results and Previous Forecast
April 26, 2018 at 11:15 pm EDT
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April 27, 2018
To our shareholders
Corporate Name:
Representative:
Tadaaki Naito, President
Security Code:
9101
Listings:
First Section of the Tokyo and Nagoya
stock exchanges
Contact:
Toru Maruyama
General Manager, IR Group
(Tel. +81 3-3284-5151)
Nippon Yusen Kabushiki Kaisha
Notice of Disparities between Full Fiscal Year Consolidated Results and Previous Forecast
Nippon Yusen Kabushiki Kaisha (hereafter, "NYK Line") announces today that its consolidated financial results for the fiscal year ended March 31, 2018, differed markedly from its forecast for the same period, which was announced on January 31, 2018.
Disparities between Consolidated Financial Results and Previous Forecast for the Fiscal Year Ended March 31, 2018
(in millions of yen)
Revenues
Operating income
Recurring profit
Profit attributable to owners of parent
Profit per share (yen)
Previous Forecast (A) (January 31,2018)
2,172,000
30,000
27,000
11,000
65.22
Actual Results (B)
2,183,201
27,824
28,016
20,167
119.57
Change (B-A)
11,201
(2,176)
1,016
9,167
Percentage Change (%)
0.5%
-7.3%
3.8%
83.3%
(Ref.) Previous Fiscal Year Results
1,923,881
(18,078)
1,039
(265,744)
(1,572.35)
Reason for disparities:
Profit attributable to owners of parent was substantially higher than forecast due to several factors, namely recording of gain on sales of investment securities and gain on sales of fixed assets including real estate.
(Note) On October 1, 2017, NYK Line conducted a reverse stock split at a ratio of 10 ordinary shares to one ordinary share. Profit attributable to owners of parent per share has been calculated based on the scenario that the reverse stock split had been effective from the beginning of the previous fiscal year.
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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.