The Japanese "K" Linens, MOL and NYK close the trimester October-December of 2011 in loss



Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), the three main Japanese shipowning companies, have newly archived item a quarterly period in loss and with a contraction of the volume of transactions.

In the third trimester of the fiscal year 2011, conclusosi 31st December, "K" Linens has totaled a net loss of 23,6 billion yen (309 million dollars) on revenues for 235,9 billion yen respect to a profit of clearly 6,9 billion yen on revenues for 241,5 billion yen in the third trimester of the fiscal year precedence. The operating result has been negative for 13,2 billion yen respect to a profit of 12,3 billion yen in the period October-December of 2010.

In the first nine months of the fiscal year 2011 "K" Linens has recorded a net loss of 42,2 billion yen and operating liabilities of 31,6 billion yen on revenues for 732,9 billion yen respect to a profit of clearly 33,2 billion yen and an operating profit of 62,3 billion yen on revenues for 761,8 billion yen in the first nine months of fiscal year 2010.

The group MOL has closed the third trimester of the fiscal year 2011 with a net loss of 8,7 billion yen and operating liabilities of 8,3 billion yen on revenues for 356,3 billion yen respect to a profit of clearly 8,0 billion yen and an operating profit of 26,0 billion yen on revenues for 378,0 billion yen in the correspondent period of the fiscal year precedence.

In the period the 2011 April-December of MOL has brought back a net loss of 25,1 billion yen and operating liabilities of 18,4 billion yen on revenues for 1,073, 7 billion yen respect to a profit of clearly 56,1 billion yen and an operating profit of 108,3 billion yen on revenues for 1,180, 5 billion yen in the same period of 2010.

In the third trimester of the fiscal year 2011 group NYK has recorded a bending of 6.7% of the revenues that have attested to 439,8 billion yen regarding 471,2 billion yen in the same period of the exercise precedence. Operating result and result clearly have been negatives respective for 6,5 billion and 5,2 billion yen regarding positive results for 31,8 billion and 26,9 billion yen in the third trimester of fiscal year 2010.

In the first nine months of the fiscal year 2011 NYK have totaled a net loss of 17,3 billion yen and operating liabilities of 16,1 billion yen on revenues for 1,351, 0 billion yen respect to a profit of clearly 71,2 billion yen and an operating profit of 118,0 billion yen on revenues for 1,481, 7 billion yen in the same period of the exercise precedence.