Nippon Yusen shares extended their gains sharply. A domestic brokerage raised its investment rating from Neutral to Buy and its target price to ¥7,700, and revised its full-year outlook upward following the company’s first-quarter results for the fiscal year ending March 2027.
Nippon Yusen shares extended their gains sharply after reports that a domestic brokerage had raised its investment rating from Neutral to Buy and set a target price of ¥7,700.
Following the results for the first quarter of the fiscal year ending March 2027, the brokerage revised its earnings forecasts. In the liner business, container volumes bound for the US are expected to remain firm in the second half, while the dry bulk business is also reportedly performing well.
The upward revision to the full-year forecast overall, along with NS United Kaiun’s announcement of a tender offer, has attracted market attention, and further upside potential is expected.
Related reports also highlighted strong results from leading Danish shipping company Maersk and the solid latest results of Japan’s 3 major shipping companies, with buying interest reportedly continuing.