Worsening of the quarterly economic results of the Japanese "K" Linens, MOL and NYK



In the first trimester of fiscal year 2016, period that has concluded 30th june the three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have recorded a deterioration of the economic results.

"K" Linens has archived item the period with a net loss of -26,8 billion yen (255 million dollars) respect to a profit of clearly 10,2 billion yen in the period April-june of 2015. The revenues have shown a consisting decrease of -27,1% attesting itself to the 244,6 billion one yen and the operating result has been of sign negative for -14,8 billion yen respect to an operating profit of 11,2 billion yen in the first trimester of fiscal year 2015.

In the single segment of marine transport containerized "K" Linens have totaled revenues pairs to 122,2 billion yen (- 28.8%) and an ordinary loss of -12,3% billion yen respect to an ordinary profit of 4,1 billion yen in according to trimester of exercise 2015. Of sign negative also the generated ordinary result from the segment of the transport of bulk, that it has been pairs to -7,3 billion yen respect to an ordinary useful correspondent of 10,4 billion yen in exercise 2015, and the revenues is dropped of -25,3% to the 109,2 billion one yen.

The group MOL has closed the first trimester of exercise 2016 with a profit of clearly 1,4 billion yen on revenues pairs to 360,1 billion yen, with decreases respective of the -89,0% and the -19,9% on the correspondent period of the exercise precedence. The operating result has been of sign negative for -3,6 billion yen respect to an operating profit of 1,8 billion yen in the first trimester of exercise 2015.

In the field of the marine transport containerized MOL has recorded revenues pairs to 147,2 billion yen (- 24.5%) and an ordinary loss of -11,6 billion yen respect to an ordinary loss of -5,0 billion yen in the first trimester of exercise 2015. In the field of the bulk transport an ordinary profit of 8,4 billion yen (- 22.2%) on revenues pairs to 178,8 billion yen (- 17.0% is marked).

Company NYK has altogether concluded the first trimester of fiscal year 2016 with a net loss of -12,8 billion yen on revenues pairs to 470,8 billion yen respect to a profit of clearly 43,1 billion yen on revenues pairs to 588,7 billion yen in the same period of exercise 2015. The operating result has been of sign negative for -11,0 billion yen respect to an operating profit of 17,5 billion yen in the period April-june last year.

In the single section of marine transport containerized NYK it has recorded an ordinary loss of -8,8 billion yen on revenues pairs to 141,4 billion yen respect to an ordinary profit of 3,9 billion yen on revenues pairs to 184,1 in the first trimester of exercise 2015, while in the section of the bulk transport a net loss of -800 million yen on revenues for 180,1 billion yen is totaled respect to an ordinary profit of 14,4 billion yen on revenues for 237,5 billion yen in the slid exercise.