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Tokyo Kisen extends gains in afternoon session as FY03/26 operating profit exceeds initial forecast

Mon May 11, 2026 2:05 pm JST Catalyst

Tokyo Kisen Co.,Ltd. <9193> extended its gains in the afternoon session. Around 1:30 p.m., the company announced that its consolidated results for the fiscal year ending March 2026, currently being compiled, showed revenue rising to 13,144 million yen (up 9.2% year-on-year) from the previous forecast of 13,093 million yen, and operating profit improving to 106 million yen (compared to a loss of 511 million yen in the previous year) from the earlier projection of 13 million yen. The announcement was well received by the market.

While revenue came in roughly in line with plans, the company attributed the operating profit improvement to a rise in market interest rates toward the end of the fiscal year, which increased discount rates at a consolidated subsidiary and compressed retirement benefit obligations, thereby reducing retirement benefit provision expenses. Meanwhile, net profit was revised downward to 5,046 million yen (2.5 times the previous year's level) from 5,544 million yen due to the recording of impairment losses on fixed assets stemming from poor performance in the maritime-related business.

Source: MINKABU PRESS

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

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