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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| NYK Line net income falls 69.3pc in Q1 FY2025 |
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Date:2025-08-14 Readers:
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Nippon Yusen Kabushiki Kaisha posted a 69.3 per cent decline in net income for the first quarter ending March 2026, reported Saint Petersburg's PortNews.
Consolidated revenue dropped 31.4 per cent year-on-year to JPY411.6 billion (US$2.78 billion), while operating profit fell 81.1 per cent to JPY21.2 billion. Recurring profit wasJPY4.5 billion, marking an 81.5 per cent decrease.
The liner & logistics segment suffered a 66.4 per cent reduction in operating profit due to lower container volumes and normalised freight rates. Air cargo saw a 92.8 per cent decline amid falling demand and rate adjustments.
Bulk shipping recorded a 71.6 per cent drop, affected by weak car carrier performance and softened energy demand.
NYK Line said it aims to restore profitability through vessel deployment optimisation and demand-driven cost management.
Headquartered in Tokyo, NYK Line is a publicly traded Japanese transportation firm under the Mitsubishi Group, active in marine, land and air logistics.
https://www.shippingazette.com/news?news_id=9250800000699
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