To our shareholders

April 28, 2017

Corporate Name: Nippon Yusen Kabushiki Kaisha Representative: Tadaaki Naito, President Security Code: 9101

Listings: First sections of the Tokyo and Nagoya

stock exchanges

Contact: Toru Maruyama

General Manager, IR Group (Telephone: +81-3-3284-5151)

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, 2017, differed markedly from its forecast for the same period, which was announced on January 31, 2017.

Disparities between Consolidated Financial Results and Previous Forecast for the Fiscal Year Ended March 31, 2017

(in millions of yen)

Revenues

Operating Income

Recurring Profit

Net Income attributable to

owners of Parent

Earnings Per Share

(Yen)

Previous Forecast (A) (January 31,2017)

1,905,000

(17,500)

0

(245,000)

(144.96)

Actual Results (B)

1,923,881

(18,078)

1,039

(265,744)

(157.23)

Change (B-A)

18,881

(578)

1,039

(20,744)

Percentage Change (%)

1.0%

―

―

―

(Ref.) Previous Fiscal Year Results

2,272,315

48,964

60,058

18,238

10.75

Reason for Disparities:

Recurring profit was higher than forecast due to several factors, including a foreign exchange gain posted in the Air Cargo Transportation segment resulting from the cancellation of an order for equipment.

End.

Nippon Yusen KK published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 April 2017 03:09:04 UTC.

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