the Japanese "K" Linens, MOL and NYK anticipate the results of the period April-December 2016



The three main Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), than recently have agreed a plan of fusion of the respective activities in the segment of the marine transport of the container that would have to lead to the constitution of joint venture to activate itself on April 1°, 2018 ( on October 31, 2016 and 4 January 2017), they have introduced today the achieved economic results in the first nine months of fiscal year 2016, period that is finished 31st December.

"K" Linens has archived item the period with a net loss of -54,6 billion yuan (477 million dollars) respect to a profit of clearly 9,3 billion yuan in the first nine months of fiscal year 2015. The revenues are diminished of -22,2% attesting itself to the 760,9 billion one yuan and the operating result has been of sign negative for -34,7 billion yuan respect to an operating profit of 15,2 billion yuan in the correspondent period of the fiscal year precedence.

In the solo third trimester of the fiscal year 2016 "K" Linens has recorded a net loss of -4,1 billion yuan on revenues pairs to 269,8 billion yuan respect to a net loss of -2,4 billion yuan on revenues pairs to 309,4 billion yuan in the period October-December of 2015.

The single branch of activity of containerized marine transport of the group "K" Linens has closed the first nine months of the fiscal year 2016 with an ordinary loss of -23,9 billion yuan respect to an ordinary loss of -4,2 billion yuan in the same period of the fiscal year precedence and the revenues are dropped of -21,0% coming down to the 381,4 billion one yuan. The solo third trimester of the fiscal year in course is closed with an ordinary loss of -2,9 billion yuan (- 7,4 billion in the third trimester of exercise 2015) on revenues pairs to 134,5 billion yuan (- 7.3%).

In the first nine months of the exercise 2016 "K" Linens, in the single segment of the marine bulk transport, has totaled an ordinary loss of -5,6 billion yen on revenues pairs to 338,5 billion yen respect to an ordinary profit of 26,3 billion yen on revenues pairs to 445,8 billion yen in the same period of the year precedence. In the solo third trimester of 2016 is recorded an ordinary profit of 4,2 billion yen (+43.2%) on revenues pairs to 120,8 billion yen (- 18.9%).

The group MOL has closed the first nine months of fiscal year 2016 with a profit of clearly 19,0 billion yen, with an increment of +43.1% on the same period of the year precedence. The revenues have been pairs to 1.081, 4 billion yen (- 17.9%). The operating result has been of sign negative and pairs to -2,1 billion yen respect to an operating profit of 9,6 billion yen in the period April-December of 2015.

In the solo third trimester of the fiscal year in course MOL has recorded a profit of clearly 3,0 billion yen on revenues pairs to 367,9 billion yen, with bendings respective of the -78,1% and the -10,8% on the same period of the year precedence. The operating result has been of sign negative for -58 million yen respect to an operating profit of 1,4 billion yen in the period October-December of 2015.

In the single field of the marine transport of the container MOL it has accused an ulterior deterioration of the economic performances: the first nine months of exercise 2016 have been archived item with an ordinary loss of -26,1 billion yen on revenues on revenues pairs to 447,6 billion yen respect to an ordinary loss of -18,4 billion yen on revenues pairs to 562,4 billion yen in the correspondent period of the exercise precedence. In the solo third trimester of the exercise the ordinary loss is diminished to -4,8 billion yen regarding -9,2 billion yen in the same period of 2015, while the revenues are dropped of -10,0% to the 155,0 billion one yen.

A regression of the results is found also in the segment of the marine bulk transport, with ordinary profit and revenues that in the first nine months of exercise 2016 have been attested 25,8 billion to yen (- 42.5%) and 531,2 billion yen (- 17.4%) and that in the solo third trimester pairs to 5,5 billion yen (- 65.1%) and 179,4 billion yen (- 11.8% have been).

In the first nine months of the fiscal year 2016 group NYK has recorded a net loss of -226,1 billion yen respect to a profit of clearly 22,8 billion yen in the same period of the exercise precedence. Determined Al worsening of the result has mainly contributed extraordinary burdens for about 163 billion yen, of which 73,2 billion yen in the segment of the marine transport containeirizzato, 84,5 billion yen in the segment of the marine bulk transport and 5,1 billion yen in the field of the aerial cargo. The revenues are dropped of the -19,9% to 1.414, 5 billion yen and the operating result has been of sign negative for -15,5 billion yen respect to an operating profit of 47,2 billion yen in the period April-December of 2015.

In the quarter October-December last year NYK has totaled a profit of clearly 3,7 billion yen on revenues pairs to 486,0 billion yen respect to a net loss of -36,5 billion yen on revenues pairs to 568,4 billion yen in the correspondent period of the year precedence. The operating profit is piled to 7,0 billion yen (- 18.6%).

In the single field of the transport of line NYK it has closed the first nine months of 2016 with an ordinary loss of -11,3 billion yen on revenues pairs to 430,5 billion yen respect to an ordinary profit of 850 million yen on revenues pairs to 546,9 billion yen in the same period of the year precedence. The solo third trimester has been archived item with an ordinary profit of 3,9 billion yen on revenues pairs to 149,9 billion yen respect to an ordinary loss of -6,9 billion yen on revenues pairs to 168,6 billion yen in the quarter October-December of 2015.

Emphasized the decrease of the performances of the NYK in the section of the marine bulk transport, with the period April-December last year that it is concluded with an ordinary loss of -1,4 billion yen on revenues pairs to 526,5 billion yen respect to an ordinary profit of 41,0 billion yen on revenues pairs to 710,2 billion yen in the same period of the exercise precedence and with the single trimester October-December that has been archived item with an ordinary profit of 8,0 billion yen (- 41.8%) on revenues pairs to 176,7 billion yen (- 22.1%).