Full Year 2019 Nippon Yusen KK Earnings Presentation Transcript

Apr 26, 2019 / 05:00AM GMT

Release Date Price: 円616.67

Transcript

Unidentified Company Representative

Thank you for attending today's explanation of the financial results for the fiscal year ending March 2019. I will now begin my brief explanation of the results. There are 3 points I would like to highlight: First, the full year results; second, the forecast for the next fiscal year; and finally, the management issues.

The full year result for fiscal year 2018 was a recurring loss of JPY 2 billion. This is an improvement of about JPY 3 billion from the previous forecast. Profit attributable to owners of the parent was a loss of JPY 44.5 billion due in part to extraordinary losses in the Dry Bulk and Liner businesses. As a result, there are many factors that will contribute to improving the health of the company from the next fiscal year

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