NYK Line reports decline in revenue

Nippon Yusen Kabushiki Kaisha has released its financial results for the first quarter of fiscal year 2025, highlighting a decline in revenue and profits across key business segments due to market volatility and external policy impacts.

Total revenue for the quarter stood at US$ 4.14 billion, representing a decline of US$ 349.7 million compared to the same period in the previous year.

The decline was largely attributed to fluctuations in freight rates caused by changes in US tariff policies and the resulting variability in transport demand from China.

In liner trade, freight rates saw sharp fluctuations in the short term due to tariff-related impacts but ultimately declined year-on-year, resulting in a revenue drop of US$ 281.4 million.

In dry bulk, market conditions weakened significantly compared to the strong performance in the same period last year. This led to a revenue decrease of US$ 229 million and a profit decline of US$ 118 million, driven by both market downturns and unfavorable exchange rate movements.

The recurring profit was US$ 411 million with year-on-year decline being about US$ 455 million, while the total net income was US$ 359 million, with the year-on-year decline at US$ 401 million.

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