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Nippon Yusen Kabushiki Kaisha, The Current Fiscal Year Ordinary Profit Revised Upward by 17%, Dividend Revised Upward by 50 yen

Wed Feb 5, 2025 12:00 pm JST Earnings

9101 Nippon Yusen Kabushiki Kaisha 【J-GAAP】

Earnings Report

Nippon Yusen Kabushiki Kaisha <9101> [TSE Prime] announced its financial results at noon (12:00) on February 5th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.2 times that of the same period last year, reaching 436 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 17.1%, from the previous forecast of 410 billion yen to 480 billion yen (compared to 261 billion yen in the previous period), increasing the growth rate from 56.9% to 83.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 58.0%, from the previous forecast of 120 billion yen to 190 billion yen (compared to 102 billion yen in the same period of the previous year), increasing the growth rate from 18.3% to 86.9%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 260 yen to 310 yen (compared to 140 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.6 times that of the same period last year, reaching 147 billion yen. The operating profit margin improved from 7.3% in the same period last year to 9.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 2,050,198 249,404 1,005,965 920,372 1,812.6 90.6 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 1,789,217 144,271 200,265 153,574 309.9 76.6 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 1,976,959 178,149 436,429 395,485 878.5 90.9 Feb 5, 2025 J-GAAP
YoY +10.5% +23.5% +117.9% +157.5% +183.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 1,223,184 84,372 120,761 124,108 286.4 130 Nov 6, 2024 J-GAAP
Oct - Mar, 2024 New 1,263,184 94,372 190,761 184,108 424.9 180 Feb 5, 2025 J-GAAP
Revision Rate +3.3% +11.9% +58.0% +48.3% +48.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,540,000 200,000 410,000 390,000 900.0 260 Nov 6, 2024 J-GAAP
Mar, 2025 New 2,580,000 210,000 480,000 450,000 1,038.5 310 Feb 5, 2025 J-GAAP
Revision Rate +1.6% +5.0% +17.1% +15.4% +15.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,218,905 75,893 102,044 115,213 235.9 80 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,263,184 94,372 190,761 184,108 424.9 180 Feb 5, 2025 J-GAAP
YoY +3.6% +24.3% +86.9% +59.8% +80.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,616,066 296,350 1,109,790 1,012,523 1,993.7 520 May 9, 2023 J-GAAP
Mar, 2024 2,387,240 174,679 261,341 228,603 468.1 140 May 8, 2024 J-GAAP
Mar, 2025 Guidance 2,580,000 210,000 480,000 450,000 1,038.5 310 Feb 5, 2025 J-GAAP
YoY +8.1% +20.2% +83.7% +96.8% +121.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 620,882 45,485 40,968 40,184 81.1 7.3 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 598,023 30,408 61,076 75,029 153.6 5.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 651,714 65,878 125,787 110,234 240.9 10.1 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 665,102 49,750 163,452 155,658 342.8 7.5 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 660,143 62,521 147,190 129,593 287.9 9.5 Feb 5, 2025 J-GAAP
YoY +6.3% +37.5% +259.3% +222.5% +255.0%

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