The Japanese "K" Line and NYK have closed exercise 2017 with a profit, while the compatriot MOL has recorded a loss



Today the Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have published the results achieved in fiscal year 2017, period that have been concluded 31st March, the day precedence the operating start of their joint venture Ocean Network Express (ONE), constituted on July 7, 2017 with center to Singapore and participated from the three companies respective with quotas vital pairs to 31%, 31% and 38% of the total, in which they have made to meet the respective activities in the segment of the containerized marine transport constituting a fleet of the total cargo ability pairs to 1,44 million teu employed in 85 services that climb beyond 200 world-wide ports.

Fiscal year 2017 has been archived item with an economic result clearly of positive sign from "K" Line and NYK, while MOL has recorded a result negative. The first company has totaled revenues pairs to 1.162, 0 billion yen (10,6 billion dollars), with an increment of +12.8% on the exercise precedence, let alone an operating profit and a profit pairs respective to clearly 7,2 billion yen and 10,4 billion yen against sign results negative and pairs to -46,0 billion and -139,5 billion yen in fiscal year 2016. In the single field of marine transport containerized "K" Linens have obtained revenues pairs to 598,5 billion yen (+15.3%) and an ordinary profit of 3,4 billion yen respect to a sign result negative for -31,5 billion yen in fiscal year 2016.

In the budget of fiscal year 2017 MOL has marked revenues pairs to 1.652, 4 billion yen, with a rise of +9.8%, an operating profit of 22,7 billion yen (+786.8%) and a net loss of -47,4 billion yen respect to a profit of clearly 5,3 billion yen in exercise 2016. In the segment of the container the revenues are piled to 751,6 billion yen (+20.7%) and the ordinary result has been of sign negative for -10,6 billion yen respect to a sign result negative for -32,8 billion yen in fiscal year 2016.

In the last exercise anniversary NYK it has recorded revenues pairs to 2.183, 2 billion yen (+13.5%). Operating and useful profit clearly has attested respective to 27,8 billion and 20,2 billion yen against sign results negative for -18,1 billion and -265,7 billion yen in fiscal year 2016. In the section of the containerized marine transport the revenues have been pairs to 691,4 billion yen (+18.0%) and the ordinary profit to 10,8 billion yen respect to a sign result negative for -12,7 billion yen in the exercise precedence.

In the solo fourth trimester of the fiscal year 2017 "K" Linens has recorded revenues pairs to 278,0 billion yen (+3.2% on the correspondent period of the exercise precedence) and operating and useful profit pairs respective to clearly 71 million yen and 1,1 billion yen against results of sign negative and pairs respective to -11,3 billion and -84,9 billion yen in the last trimester of fiscal year 2016. In the single segment of the container the revenues are increased of +2.0% to 140,4 billion yen and the ordinary economic result has been of sign negative for -3,7 billion yen respect to a turned out correspondent negative for -7,6 billion yen in the last trimester of exercise 2016.

MOL has concluded the last trimester of fiscal year 2017 with revenues pairs to 412,7 billion yen (- 2.4%) and turned out operating and both of sign negative and pairs to -1,7 billion and clearly -76,6 billion yen respect to an operating profit of 4,6 billion yen and to a net loss of -13,8 billion yen in the correspondent period of the exercise precedence. In the field of the container the revenues are piled to 184,2 billion yen (+5.3%) and the ordinary result has been of sign negative for -10,3 billion yen so as in the correspondent period of the exercise precedence (- 6,7 billion).

NYK has closed the trimester finished with revenues pairs to 31st March 552,6 billion yen (+8.5%) and profits operating and pairs to 3,0 billion and clearly 3,4 billion yen against results of sign negative for -2,6 billion and -39,6 billion yen in the same period of the exercise precedence. The single activity in the field of the container has produced to revenues for 164,0 billion yen (+5.5%) and an ordinary result of sign negative for -6,5 billion yen, with an improvement respect to a loss of -12,7 billion yen in the last trimester of fiscal year 2016.