Nippon Yusen revises dividend, lowers profit outlook for fiscal year

Nippon Yusen announced a revision to its dividend forecast for the fiscal year ending March 2026, lowering the year-end ordinary dividend by ¥35 to ¥85 per share. However, a ¥25 commemorative dividend for the company's 140th anniversary will bring the total year-end dividend to ¥110 per share and the annual dividend to ¥225 per share. The interim dividend remains ¥115 per share. This adjustment follows a downward revision of the full-year consolidated earnings forecast, with recurring profit now expected to be ¥190,000m, a ¥50,000m decrease.

For the six months ended September 30, 2025, Nippon Yusen reported consolidated revenues of ¥1,182,101m, a 10.2% decrease year-on-year. Recurring profit for the period was ¥126,833m, down 56.1% from the previous year, while profit attributable to owners of parent declined by 61.5% to ¥102,252m. Key factors included a decline in freight rates for container shipping and lower profit levels in logistics and automotive businesses, despite strong performance in the energy sector.

As of September 30, 2025, total assets increased by ¥60,100m to ¥4,380,465m, and total liabilities rose by ¥136,900m to ¥1,487,276m, primarily due to increased interest-bearing debt. The company also completed the acquisition of 15,478,900 treasury shares by the end of October 2025 as part of its flexible shareholder return policy.