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Japanese ONE owner expects earnings decline

NYK Line expects to book a lower profit in 2022/2023 than in the preceding fiscal year, when the ownership of container carrier ONE made a significant contribution to the company’s result.

Photo: Stringer Japan/Reuters/Ritzau Scanpix

Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) expects a lower profit in 2022/2023 than in the fiscal year that ran until the end of March 2022, and for which the company presented its financial results on Monday.

In the last fiscal year, the company earned JPY 1.009trn (USD 7.7bn), however, it expects its profit to fall to JPY 720bn this year, according to Monday’s fiscal report.

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