Nippon Yusen Kabushiki Kaisha decided to revise our consolidated financial forecasts for fiscal year ending March 2022 (hereinafter “the Current Fiscal Year”) announced on May 10, 2021.
1. Financial Forecasts
Reasons for the Revision:
Due to continued strong transportation demand, business results of OCEAN NETWORK EXPRESS PTE. LTD., our equity-method affiliate company in the liner business, is better than expected, and the tight supply-demand balance is continuing in the air transportation and logistics businesses. In addition, as the bulk shipping business also anticipates an improvement in profitability from factors such as the strong market conditions for dry bulks, we have upwardly revised our financial forecasts.
Currently, we have been carrying out necessary operations and examinations for consolidated financial results and plans to disclose the latest consolidated forecasts on the presentation meeting for the first quarter of the fiscal year ending March 2022, scheduled on August 4, 2021.
2. Dividend
Although the basic policy for the dividend remains the same, we will release the latest forecast on the presentation meeting for the first quarter of the fiscal year ending March 2022, scheduled on August 4, 2021.
Source: NYK Line