Nippon Yusen reported 4Q recurring profits of ¥46.1 bn, exceeding estimates, but provided FY3/27 guidance of ¥185 bn that aligns with consensus. Goldman Sachs maintains a Neutral rating with a price target of ¥5,200.
Key Takeaways
- 1.4Q3/26 recurring profits of ¥46.1 bn beat Goldman Sachs and company guidance due to performance in energy and dry bulk.
- 2.FY3/27 guidance assumes ¥185 bn recurring profit, impacted by higher fuel costs and lower volumes due to the Strait of Hormuz blockade.
- 3.Dividend for FY3/27 is planned at ¥200/share, but no new share buybacks were announced.
Table of Contents
- Ratios & Valuation
- Growth & Margins (%)
- Income Statement (¥ bn)
- Balance Sheet (¥ bn)
- Cash Flow (¥ bn)
- Earnings summary
- Price Target Risks and Methodology
- Investment Thesis
- Disclosure Appendix
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Norihiro MiyazakiRyohei Kurita
Securities
Nippon Yusen KKOcean Network Express91049107.T
Themes
Shareholder ReturnsGeopolitical DisruptionCapital Allocation
Regions
Asia PacificJapan