Nippon Yusen released its earnings results at midday on 5 November. First-half consolidated ordinary profit came to ¥213.2 billion, up 79.8% year on year, reaching 63.7% of the full-year plan of ¥335 billion. The annual dividend for the current fiscal year was revised sharply upward to ¥330.
Nippon Yusen announced its earnings results, reporting first-half consolidated ordinary profit of ¥213.2 billion, up 79.8% year on year, with progress against the full-year plan of ¥335 billion reaching 63.7%.
Second-half consolidated ordinary profit is estimated at approximately ¥121.7 billion, which is expected to represent an increase of approximately 31.6% year on year.
Consolidated ordinary profit for the most recent three-month period, the July–September quarter, came to ¥142 billion, 2.3 times the year-earlier level, while the operating margin improved from 4.5% to 7.4%.
The annual dividend for the current fiscal year was revised upward from the previous plan of ¥240 to ¥330.