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Nippon Yusen Kabushiki Kaisha, 48% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Thu May 8, 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 May 8th. The consolidated ordinary profit for the fiscal year ending March 2025 expanded 87.8% from the previous period to 490 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to drop by 48.1% from the previous period to 255 billion yen.

At the same time, the company increased the annual dividend for the previous term from 310 yen to 325 yen (compared to 140 yen in the prior term), and has decided to reduce the dividend this fiscal year to 235 yen, a decrease of 90 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 54.4 billion yen, a 10.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 5.1% in the same period last year to 5.3%.

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Actual Results

Historical Performance
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 2,588,700 210,820 490,866 477,707 1,070.3 325 May 8, 2025 J-GAAP
YoY +8.4% +20.7% +87.8% +109.0% +128.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 2,580,000 210,000 480,000 450,000 1,038.5 310 Feb 5, 2025 J-GAAP
Mar, 2025 Results 2,588,700 210,820 490,866 477,707 1,070.3 325 May 8, 2025 J-GAAP
Revision Rate +0.3% +0.4% +2.3% +6.2% +3.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 1,316,816 115,628 289,239 265,892 585.6 130 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,180,000 60,000 140,000 125,000 295.8 115 May 8, 2025 J-GAAP
YoY -10.4% -48.1% -51.6% -53.0% -49.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,387,240 174,679 261,341 228,603 468.1 140 May 8, 2024 J-GAAP
Mar, 2025 2,588,700 210,820 490,866 477,707 1,070.3 325 May 8, 2025 J-GAAP
Mar, 2026 Guidance 2,380,000 135,000 255,000 250,000 605.5 235 May 8, 2025 J-GAAP
YoY -8.1% -36.0% -48.1% -47.7% -43.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 611,741 32,671 54,437 82,222 184.2 5.3 May 8, 2025 J-GAAP
YoY +2.3% +7.4% -10.9% +9.6% +19.9%

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