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Mitsui O.S.K.Lines falls over 3% in afternoon session on forecast of lower ordinary income due to rising fuel costs

Thu Apr 30, 2026 1:03 pm JST Catalyst

Mitsui O.S.K.Lines,Ltd. <9104> shares slid more than 3% in the afternoon session. At midday on the 30th, the company released its earnings forecast for the fiscal year ending March 2027 alongside consolidated results for the year ended March 2026. While Mitsui O.S.K. Lines expects sales to rise 11.8% to 2.04 trillion yen, it projects a 17.5% drop in ordinary profit to 145.0 billion yen. Selling intensified on concerns over the downbeat profit outlook.

Earnings in the car carrier, container ship, and chemical tanker segments are expected to weaken due to shipping disruptions in the Middle East and higher fuel costs. The company set its annual dividend forecast at 205 yen, up 5 yen. For the fiscal year ended March 2026, sales rose 2.8% to 1.83 trillion yen, while ordinary profit fell 58.1% to 175.84 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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