Code No. 9101 TSE Prime Market
The 137th NYK Group
Interim Report Fiscal Year 2023
From April 1, 2023 to September 30, 2023
Greetings from the President
I would like to thank all of our company's shareholders and investors for your continued support.
During the first half of the current fiscal year, the consolidated recurring profit amounted to ¥159.2 billion, exceeding the forecast at the beginning of this fiscal year by ¥46.7 billion. Although there was a large year-on- year decrease in profit of the Liner Trade Business, which was due to easing of supply chain disruptions caused by the COVID-19 pandemic and a decrease in cargo movements, strong performance was maintained in the Automotive Business, backed by a recovery in production volumes for completed vehicles and solid sales demand in every country, and solid market conditions in the Energy Business.
The NYK Group is conducting its corporate activities based on a framework of five transformations (ABCDE-X), comprising our business strategies based
on the opportunities and risks in each business, namely, Ambidextrous Management (AX) and Business Transformation (BX), our Corporate Transformation encompassing talent, organization, and group management (CX), our Digital Transformation (DX), and our Energy Transformation to achieve net zero (EX) set in our medium-term management plan "Sail Green, Drive Transformations 2026 - A Passion for Planetary Wellbeing", a four-year action plan through to fiscal year 2026, aimed at realizing the Group Vision, "We go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones."
Our financial strategy is to make business investments on approx. ¥1.2 trillion by fiscal year 2026, and at the same time, implement shareholder returns focused on improving capital efficiency. In August 2023, as part of the shareholder returns, we decided to acquire treasury stock of ¥200 billion (upper limit) within the acquisition period until April 30, 2024.
Through steady implementation of these measures in our medium-term management plan, we will further evolve our ESG strategy and aim to become a group that contributes to society, is needed by society, and achieves sustainable growth.
November 2023
Takaya Soga
President, Representative Director
Major financial highlights (Consolidated)
(1) Revenues | (2) Recurring profit (loss) |
(3) Profit (loss) attributable to owners of parent
(In 100 million yen) | Interim | Full-year | ||
30,000 | ||||
22,800 | ||||
24,000 | (forecast) | |||
18,000 | ||||
12,000 | 11,683 | |||
6,000 | ||||
0 | The 134th term | The 135th term | The 136th term The 137th term | |
FY2020 | FY2021 | FY2022 | (current term) | |
FY2023 |
(4) Total assets
(In 100 million yen) | Six months-end | Year-end |
45,000 | 40,189 | |||
36,000 | ||||
27,000 | ||||
18,000 | ||||
9,000 | ||||
0 | The 134th term | The 135th term | The 136th term The 137th term | |
FY2020 | FY2021 | FY2022 | (current term) | |
FY2023 |
(In 100 million yen) | Interim | Full-year | ||
13,000 | ||||
10,400 | ||||
7,800 | ||||
5,200 | 2,350 | |||
2,600 | (forecast) | |||
0 | 1,592 | |||
The 134th term | The 135th term | The 136th term The 137th term | ||
FY2020 | FY2021 | FY2022 | (current term) | |
FY2023 | ||||
(5) Shareholders' capital/Equity ratio |
(In 100 million yen) | Six months-end | Year-end | Equity ratio | (%) | ||
25,000 | 21,661 | 100 | ||||
20,000 | 65.9% | 80 | ||||
15,000 | 60 | |||||
10,000 | 40 | |||||
5,000 | 20 | |||||
0 | The 134th term | The 135th term | The 136th term The 137th term | 0 | ||
FY2020 | FY2021 | FY2022 | (current term) | |||
FY2023 |
(In 100 million yen) | Interim | Full-year | ||
13,000 | ||||
10,400 | ||||
7,800 | ||||
5,200 | 2,200 | |||
2,600 | (forecast) | |||
1,133 | ||||
0 | The 134th term | The 135th term | The 136th term The 137th term | |
FY2020 | FY2021 | FY2022 | (current term) | |
FY2023 | ||||
(6) D/E Ratio |
3.0
2.5
2.0
- 0.27
- The 134th term The 135th term The 136th term The 137th term (current term)
FY2023FY2020 FY2021 FY2022
Notes: 1. Fractions of amounts are rounded down.
2. The full-year forecasts for the current term are indicated only for items (1) to (3).
Segment results (April 1, 2023 to September 30, 2023) | (In 100 million yen) | |||||||||||
Liner & Logistics | Bulk Shipping | Others | ||||||||||
Liner Trade | Air Cargo Transportation | Logistics | Bulk Shipping | Real Estate | Other | |||||||
The 135th | Revenues | 940 | 897 | 3,773 | 4,569 | 24 | 717 | |||||
Interim term | Recurring profit (loss) | 2,903 | 330 | 284 | 477 | 12 | (17) | |||||
The 136th | Revenues | 1,012 | 1,239 | 4,744 | 6,164 | 17 | 1,252 | |||||
Interim term | Recurring profit (loss) | 5,666 | 439 | 371 | 1,185 | 8 | 14 | |||||
The 137th | Revenues | 1,117 | 778 | 3,386 | 5,928 | 15 | 1,067 | |||||
Interim term | Recurring profit (loss) | 467 | 3 | 137 | 1,031 | 7 | 1 | |||||
Ratio of revenues | 9.1% | 6.3% | 27.5% | 48.3% | 0.1% | 8.7% | ||||||
(current interim term) | 42.9% | 48.3% | 8.8% | |||||||||
Notes: 1. The above segment results show figures before elimination of internal transactions between segments.
- General and administrative expenses and non-operating expenses not attributable to specific segments are recorded as corporate expenses and not included in the above figures.
- Starting from the 137th term, the calculation methods for the amounts of interest, etc. attributable to each segment were changed in order to more appropriately reflect the operating results of each segment. This has no impact on revenues of each segment. For the interim term of the 136th term, the figures presented for recurring profit (loss) were revised based on the calculation method after the change.
Summary of consolidated balance sheet | |
(as of September 30, 2023) | (In million yen) |
Summary of consolidated | |
statement of income | (In million yen) |
Assets
Current assets | 686,899 |
Non-current assets | 3,331,787 |
Vessels, property, plant | 1,252,265 |
and equipment | |
Intangible assets | 44,402 |
Investments and other | 2,035,119 |
assets | |
Deferred assets | 273 |
Total assets | 4,018,960 |
Liabilities
Current liabilities | 544,358 |
Non-current liabilities | 785,887 |
Total liabilities | 1,330,246 |
Equity | |
Shareholders' capital | 2,166,133 |
Accumulated other | 481,053 |
comprehensive income (loss) | |
Non-controlling interests | 41,527 |
Total equity | 2,688,714 |
Total liabilities and equity | 4,018,960 |
Revenues | 1,168,335 |
Operating profit | 98,786 |
Recurring profit | 159,297 |
Extraordinary income | 20,117 |
Extraordinary losses | 1,771 |
Profit attributable to owners of parent | 113,390 |
Summary of consolidated | |
statement of cash flows | (In million yen) |
Net cash provided by (used in) operating activities | 254,256 |
Net cash provided by (used in) investing activities | (134,572) |
Net cash provided by (used in) financing activities | (173,472) |
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Nippon Yusen KK published this content on 27 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2023 08:48:35 UTC.