Mitsui O.S.K. Lines on the 3rd revised upward its consolidated net profit forecast for the fiscal year ending March 2027, from the previous 170 billion yen to 240 billion yen. This shifts the outlook from a 20.3 percent year-on-year decline to a 12.5 percent increase. Market conditions in various businesses, including bulk carriers and crude oil tankers, have exceeded expectations, and the strong performance of an equity-method affiliate engaged in the container shipping business was reflected. The company is scheduled to announce its first-quarter results for the fiscal year ending March 2027 on the 7th.
Mitsui O.S.K.Lines,Ltd.Raises full-year net profit forecast from 170B to 240B yen, citing better market conditions and strong affiliate performance.