The Kawasaki Kisen Kaisha Japanese shipping group ("K" Line), Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) ended the 2010 fiscal year, which ended last March 31, with a marked improvement in economic performance compared to the previous fiscal year. However, the three groups showed a deterioration in performance in the final stage in 2010.
"K" Line has closed the 2010 fiscal year with a net profit of 30.6 billion yen on revenues of 985.1 billion yen compared to a net loss of 68.7 billion yen on revenues 838.0000000000 yen in the previous fiscal year. The operating result was positive at 58.6 billion yen compared to a deficit of 52.1 billion yen in fiscal 2009.
In fiscal 2010, the NYK Group has achieved a net profit of 78.5 billion yen on revenue of 1.9291 trillion yen, against a net loss of 17.4 billion yen on revenue of 1.6973 trillion yen in 'previous year.The operating result was positive for 122.3 billion yen compared to a deficit of 18.0 billion yen in fiscal 2009.
The MOL Group closed fiscal 2010 with net income of 58.3 billion yen on revenue of 1.5437 trillion yen compared to a net profit of 12.7 billion yen on revenue of 1348.0000000000 yen the previous year. Operating profit amounted to 123.4 billion yen compared with a profit of 20.9 billion yen in fiscal 2009.
In the last quarter of fiscal year 2010 (January-March 2011) the group "K" Line has reported a net loss of 2.6 billion yen on operating revenues and a deficit of 3.7 billion yen on revenues 223.2 billion yen compared to a net loss of 6.7 billion and an operating profit of 788 million on revenues of 225.1 billion yen the same period of fiscal 2009.
NYK closed the period January to March of 2011 with a net profit of 7.2 billion yen and operating profit of 4.3 billion yen on revenues of 447.4 billion yen, down from 21.7% , 69.5% and 2.7% over the corresponding period last year.
In the last quarter of fiscal year 2010 EBITDA totaled a net profit of 2.3 billion yen and operating profit of 14.4 billion yen on revenues of 362.7 billion yen, respectively, with declines of 78.8 %, 19.7% and 0.1% in the fourth quarter of fiscal 2009.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Kawasaki Kisen Kaisha Japanese shipping group ("K" Line), Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) ended the 2010 fiscal year, which ended last March 31, with a marked improvement in economic performance compared to the previous fiscal year. However, the three groups showed a deterioration in performance in the final stage in 2010. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
