Mitsui O.S.K. Lines shares rebounded as the company's CFO said that rebuilding supply chains would create new demand and indicated that there was room to raise the full-year outlook for the fiscal year ending March 2027.
Nikkei electronic edition reported that the blockade of the Strait of Hormuz is affecting current maritime transportation, while Mitsui O.S.K. Lines CFO Hamasaki Kazuya (浜崎 和也) said that, against this backdrop, rebuilding supply chains would lead to new demand.
Hamasaki (浜崎 和也) also sees room for an upward revision to the full-year earnings outlook for the fiscal year ending March 2027, and indicated that further improvement may be possible depending on US economic trends. He also said that if shipping around the Strait of Hormuz returns to normal, demand could emerge for purposes such as building crude oil inventories.
Mitsui O.S.K. Lines shares rebounded following these comments. At the time of the article, the shares were trading at ¥7,204, up ¥166 from the previous day.