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Nippon Yusen Kabushiki Kaisha (9101) investor relations material
Nippon Yusen Kabushiki Kaisha Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY2025 revenue was JPY1,812.1 billion, down 8.3% year-over-year, with recurring profit at JPY165.1 billion (down 62.2%) and net income at JPY146.9 billion (down 62.8%).
Operating profit for Q1-3 FY2025 was JPY100.1 billion, down 43.8% year-over-year.
Comprehensive income decreased 53.5% year-over-year to JPY219.2 billion.
Share repurchase program ongoing, with 23,486,800 shares repurchased for approx. JPY120.3 billion as of January 31, 2026.
Equity in earnings of affiliates, mainly from OCEAN NETWORK EXPRESS PTE. LTD. (ONE), contributed JPY15.7 billion.
Financial highlights
Profit per share for the nine months was JPY347.33, down from JPY878.46 year-over-year.
Shareholders' equity ratio decreased to 57.9% from 67.6% at the previous fiscal year-end.
Total assets increased to JPY4,980.5 billion, up JPY660.2 billion from March 31, 2025.
Interest-bearing debt rose by JPY489.1 billion to JPY1,227.6 billion.
Q3 recurring profit by segment: Liner Trade JPY38.5B, Air Cargo JPY2.1B, Logistics JPY9.7B, Automotive JPY77.8B, Dry Bulk JPY2.2B, Energy JPY42.2B.
Outlook and guidance
Full-year FY2025 revenue forecast raised to JPY2,390.0 billion, recurring profit to JPY195.0 billion, net income unchanged at JPY210.0 billion.
Annual dividend planned at 225 yen per share, including a 25-yen commemorative dividend.
Profit per share for the year ending March 31, 2026, is forecast at JPY499.64.
Automotive segment profit forecast increased by JPY10.0 billion; other segment forecasts largely unchanged.
Share buyback program up to JPY150 billion, with plans to retire acquired shares.
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Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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