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Nippon Yusen Kabushiki Kaisha (9101) investor relations material
Nippon Yusen Kabushiki Kaisha Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 revenue was ¥1,505.0bn, operating profit ¥114.8bn, recurring profit ¥213.3bn and parent-attributable profit ¥203.5bn; all increased YoY.
Recurring profit included ¥112.0bn of equity-method earnings, including ¥80.5bn from OCEAN NETWORK EXPRESS (ONE).
Financial highlights
H1 revenue rose 27.3% YoY; operating profit rose 91.9%, recurring profit 79.8% and parent-attributable profit 106.9%.
Q2 revenue was ¥777.4bn, operating profit ¥57.2bn, recurring profit ¥142.0bn and parent-attributable profit ¥136.4bn.
H1 EPS was ¥503.86 versus ¥230.16 a year earlier; gross profit was ¥294.5bn versus ¥198.3bn.
Outlook and guidance
FY2027 forecast: revenue ¥3,000bn, operating profit ¥210bn, recurring profit ¥335bn and parent-attributable profit ¥330bn; revised Oct. 29, with no further revision this quarter.
Forecast exceeded the Aug. 5 outlook by ¥119bn revenue, ¥25bn operating profit, ¥85bn recurring profit and ¥90bn parent-attributable profit.
FY2027 dividend forecast is ¥330/share, split equally between interim and year-end; each was raised ¥45/share.
Full-year assumptions include Hormuz closure through Mar. 2027, ¥157.98/US$ and bunker fuel at US$802.32/MT; some Suez voyages are assumed to resume gradually.
Liner Trade and Dry Bulk outlook improved; Logistics, Automotive and LNG carrier profit expectations weakened versus prior forecasts.
- Freight weakness cut full-year earnings; guidance includes ¥160/share dividends and a ¥100bn buyback.9101
Q4 2024 - Ammonia is set to become the leading zero-carbon marine fuel, driving decarbonization by 2050.9101
Investor update - Profits and revenues surged, with guidance and dividends both revised upward.9101
Q1 2027 - FY2025 profit was JPY 211.1B; FY2026 expects lower profit but higher revenue amid ongoing risks.9101
Q4 2026 - Profits fell across most segments, but energy shipping and a major acquisition stood out.9101
Q3 2026 - Profits fell sharply on weak markets and lower equity income, but energy and shareholder returns remain strong.9101
Q2 2026 - Profits and guidance surged on strong shipping, higher rates, and major share buybacks.9101
Q1 2025 - Profits soared in FY2024, but a sharp drop is forecast for FY2025 as markets soften.9101
Q4 2025 - Profit and revenue surged; full-year outlook and dividends raised amid strong segment gains.9101
Q3 2025
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