Trimester January-March in loss for the shipowning companies Japanese "K" Linens, MOL and NYK



In the fourth trimester of fiscal year 2016, period that has been concluded 31st March, the three main Japanese shipowning societies Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" Linens) and Nippon Yusen Kaisha (NYK) have recorded an economic result clearly of sign negative that for the first company has turned out of less important amount regarding the net loss totaled in the correspondent period of the exercise emphasized precedence and more, instead, for the others two.

The group MOL has closed the fourth trimester of fiscal year 2016 with a net loss of -13,8 billion yen (124 million dollars) respect to a net loss of -183,7 billion yen in the last trimester of fiscal year 2015. The revenues are increased of +7.0% to 422,9 billion yen and the operating result has been of positive sign for 4,6 billion yen respect to an operating result of sign negative for -7,3 billion yen in the fourth trimester of the exercise precedence.

In the single segment of the containerized marine transport, in which - we remember - the three companies companies preview beginning from to join the forces on April 1°, 2018 with the activation of joint venture dedicated to this branch of activity ( on October 31, 2016 and 4 January 2017), the group MOL has recorded revenues pairs to 174,9 billion yen (+10.2%) and an ordinary loss of -6,7 billion yen respect to an ordinary loss of -11,4 billion yen in the last trimester of fiscal year 2015. In the field of the marine bulk transport the Japanese group has totaled revenues pairs to 213,2 billion yen (+5.4%) and an ordinary profit of 13,2 billion yen (+33.3%).

The group "K" Linens has archived item the fourth trimester of fiscal year 2016 with a net loss of -84,9 billion yen on revenues pairs to 319,3 billion yen respect to a net loss of -60,8 billion yen on revenues pairs to 266,1 billion yen in the same period of the exercise precedence. The operating result has been of sign negative for -11,3 billion yen respect to a result of sign negative for -5,8 billion yen in the fourth trimester of fiscal year 2015.

In the single section of portacontainer "K" Linens have recorded revenues pairs to 137,6 billion yen (+4.1%) and an ordinary loss pairs to -7,6 billion yen respect to an ordinary loss pairs to -5,8 billion yen in the last trimester of exercise 2015. In the field of the bulk transport the revenues are piled to 118,0 billion yen (- 3.2%) and the ordinary loss to -3,9 billion yen respect to an ordinary loss of -1,6 billion yen in the exercise precedence.

In the fourth trimester of the fiscal year the 2016 revenues of group NYK have turned out almost stable being itself attested 509,3 billion to yen (+0.7%). The operating result has been of sign negative and pairs to -2,6 billion yen respect to an operating profit of 1,8 billion yen in the correspondent period of the exercise precedence. Of sign negative also the economic result clearly that respect to a net loss of -4,6 billion yen in the fourth trimester of exercise 2015 is piled to -39,6 billion yen.

The single activity of containerized marine transport of group NYK has totaled revenues pairs to 155,4 billion yen (- 2.5%) and an ordinary loss of -12,7 billion yen (- 1,1 billion in the fourth trimester of exercise 2015). In the segment of the bulk transport the revenues are piled to 191,2 billion yen (- 0.5%) and the ordinary loss to -2,7 billion yen respect to an ordinary profit of 5,6 billion yen in the exercise precedence.

The group MOL has archived item entire fiscal year 2016 with revenues pairs to 1.504, 4 billion yen (- 12.1%), an operating profit of 2,6 billion yen (+10.1%) and a profit of clearly 5,3 billion yen respect to a net loss of -170,4 billion yen in the exercise precedence. In the entire fiscal year the 2016 group "K" Linens has totaled revenues pairs to 1.080, 2 billion yen (- 13.2%) and turned out operating and both of sign negative and pairs respective to -46,0 billion and clearly -139,5 billion yen respect to an operating profit of 9,4 billion yen and a net loss of -51,5 billion yen in exercise 2015. In decided decrease also the revenues of group NYK that are diminished of the -15,3% to 1.923, 9 billion yen, with results operating and both of sign negative and pairs to -18,1 billion and clearly -265,7 billion yen regarding results of positive sign for 49,0 billion and 18,2 billion yen in fiscal year 2015.