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    9101   JP3753000003

NIPPON YUSEN KABUSHIKI KAISHA

(9101)
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Nippon Yusen Kabushiki Kaisha : Notice of Revision in the Financial Forecasts and Dividend Forecast for the Fiscal Year Ending March 2022

08/03/2021 | 11:06pm EDT

August 4, 2021

To whom it may concern:

Company Name

Nippon Yusen Kabushiki Kaisha

Representative

Hitoshi Nagasawa, President

C o d e N o .

9101

Stock Listing

First sections of the Tokyo Stock Exchange

Contact

Shuichiro Shimomura

General Manager, IR Group

(TEL. +81 3-3284-5151)

Notice of Revision in the Financial Forecasts and Dividend Forecast for the Fiscal Year Ending March 2022

Nippon Yusen Kabushiki Kaisha decided to revise the second quarter (cumulative) and full year consolidated financial forecasts for the fiscal year ending March 2022 announced on July 1, 2021. Also, it was decided to revise the interim and year-end dividend forecast for the fiscal year ending March 2022 announced on May 10, 2021.

1. Financial Forecasts

(1) Revisions to the consolidated forecast through the second quarter of the fiscal year ending March 2022

(April 1, 2021 - September 30, 2021)

(Million yen)

Revenue

Operating

Recurring

Quarterly profit

Quarterly profit

attributable to

profit

profit

per share (yen)

owners of parent

Previous forecast (A)

940,000

85,000

275,000

275,000

1,628.69

(Announced on July 1, 2021)

Revised forecast (B)

970,000

100,000

340,000

350,000

2,072.38

Change (B-A)

30,000

15,000

65,000

75,000

Percentage change ()

3.2%

17.6%

23.6%

27.3%

(Ref.) 2nd quarter results in the

722,031

16,690

47,428

22,180

131.37

year ended March 31, 2021

(2) Revisions to the full year consolidated forecast for the fiscal year ending March 2022

(April 1, 2021 - March 31, 2022)

(Million yen)

Revenue

Operating

Recurring

Profit attributable to

Profit per share

profit

profit

owners of parent

(yen)

Previous forecast (A)

1,800,000

130,000

370,000

350,000

2,072.80

(Announced on July 1, 2021)

Revised forecast (B)

1,850,000

150,000

500,000

500,000

2,960.37

Change (B-A)

50,000

20,000

130,000

150,000

Percentage change ()

2.8%

15.4%

35.1%

42.9%

(Ref.) Results in the year

1,608,414

71,537

215,336

139,228

824.55

ended March 31, 2021

※Assumptions for the forecasts

Foreign exchange rate

(Cumulative through second quarter) ¥107.40/US$

(Full year) ¥106.20/US$

Bunker oil price

(Cumulative through second quarter) US$470.46/MT

(Full year) US$474.73/MT (Note 1)

Reason for the revision:

Following the continued soaring transportation demand, the results at the equity method affiliate OCEAN NETWORK EXPRESS PTE. LTD. in the liner business are exceeding expectations. In addition, the supply and demand balance continues to be tight in the logistics business, resulting in improvement to the bottom line. Also, in the Bulk Shipping segment, the strong market conditions for dry bulk carriers are expected to improve the bottom line. As a result of these factors, the financial forecasts were revised up.

(Note 1) Bunker oil price is on average basis for all major fuel grades including VLSFO

2. Revision to the Dividend Forecast for the Fiscal Year Ending March 2022

(Yen)

Annual dividend

Interim (End of 2Q)

Year-end

Total

Previous forecast

100.00

100.00

200.00

(Note 2)

Revised forecast

200.00

500.00

700.00

Actual dividend issued

Results in the year ended

20.00

180.00

200.00

March 31, 2021

Reason for the revision:

Based on the full year consolidated financial forecast for the fiscal year ending March 2022 announced today and after comprehensively considering our financial condition and the return of profits to shareholders, the forecast dividend per share has been revised as indicated above.

(Note 2) Forecast announced on May 10, 2021

Disclaimer

Nippon Yusen KK published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 03:05:02 UTC.


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Sales 2022 1 881 B 16 987 M 16 987 M
Net income 2022 624 B 5 634 M 5 634 M
Net Debt 2022 619 B 5 591 M 5 591 M
P/E ratio 2022 2,98x
Yield 2022 8,21%
Capitalization 1 856 B 16 767 M 16 761 M
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EV / Sales 2023 1,35x
Nbr of Employees 35 057
Free-Float 94,6%
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Technical analysis trends NIPPON YUSEN KABUSHIKI KAISHA
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Mean consensus BUY
Number of Analysts 11
Last Close Price 10 990,00 JPY
Average target price 9 189,09 JPY
Spread / Average Target -16,4%
EPS Revisions
Managers and Directors
Hitoshi Nagasawa President & Representative Director
Hiroshi Kubota CFO, Managing Executive Officer & Head-IR Group
Tadaaki Naito Chairman
Hidetoshi Maruyama Chief Information Officer & GM-Technology
Yutaka Higurashi Director & Chief Compliance Officer