Revised forecast
Fiscal year ending March 2027 · Interim period and full fiscal yearPrevious forecast published 8 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
The revision reflects strong market conditions for chemical tankers and dry bulk carriers, expectations that market conditions for dry bulk carriers will remain firm from the second quarter onward, favorable renewals of contracts for certain vessels, and the trend toward a weaker yen since the beginning of the fiscal year. In addition, tax expenses related to an overseas consolidated subsidiary that recorded a gain on the sale of fixed assets are expected to be recognized in the fourth quarter.
| Item | Details |
|---|---|
| Net Sales | Interim period 65,000 / Full year 129,000 → Interim period 69,000 / Full year 136,000（Interim period 6.2 / Full year 5.4） |
| Operating profit | Interim period 3,200 / Full year 9,100 → Interim period 5,500 / Full year 12,000（Interim period 71.9 / Full year 31.9） |
| Ordinary income | Interim period 1,100 / Full year 6,700 → Interim period 4,100 / Full year 9,600（Interim period 272.7 / Full year 43.3） |
| Profit attributable to owners of the parent | Interim period 7,600 / Full year 12,100 → Interim period 11,200 / Full year 14,000（Interim period 47.4 / Full year 15.7） |
| Net income per share | Interim period 71.83 / Full year 114.36 → Interim period 105.86 / Full year 132.32 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Interim period and full fiscal year |
| Publication date of previous forecast | 8 May 2026 |
| Previous-period results | Interim period (interim period of the fiscal year ended March 2026) Net Sales ¥61,117 million, ¥ and sen / Operating profit ¥5,770 million, ¥ and sen / Ordinary income ¥6,584 million, ¥ and sen / Interim net income attributable to owners of the parent ¥7,475 million, ¥ and sen / Interim net income per share ¥70.65 million, ¥ and sen / Full year (fiscal year ended March 2026) Net Sales ¥127,295 million, ¥ and sen / Operating profit ¥13,439 million, ¥ and sen / Ordinary income ¥16,885 million, ¥ and sen / Profit attributable to owners of the parent ¥15,391 million, ¥ and sen / Net income per share ¥145.47 million, ¥ and sen |
| Reason for the revision | The revision reflects strong market conditions for chemical tankers and dry bulk carriers, expectations that market conditions for dry bulk carriers will remain firm from the second quarter onward, favorable renewals of contracts for certain vessels, and the trend toward a weaker yen since the beginning of the fiscal year. In addition, tax expenses related to an overseas consolidated subsidiary that recorded a gain on the sale of fixed assets are expected to be recognized in the fourth quarter. |
| Dividend forecast revision | The interim dividend has been increased by ¥4 from ¥23 to ¥27, the year-end dividend by ¥3 from ¥23 to ¥26, and the annual dividend by ¥7 from ¥46 to ¥53. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The earnings forecasts were revised upward in light of strong market conditions for chemical tankers and dry bulk carriers, expectations that market conditions for dry bulk carriers will remain firm, favorable renewals of contracts for certain vessels, and the trend toward a weaker yen. The dividend was increased based on the expected improvement in earnings and the shareholder return policy of targeting a 40% payout ratio.