According to the second-quarter financial results for the fiscal year ending March 2026, announced by Nippon Yusen on November 6, net sales were 1,182.11 billion yen (down 10.2% year-on-year), operating profit was 68.046 billion yen (down 41.2%), ordinary profit was 126.833 billion yen (down 56.1%), and net profit attributable to parent company shareholders was 102.252 billion yen (down 61.5%).
Looking at the segments, the liner shipping business saw sales of 899 billion yen (down 2.4%) and ordinary profit of 348 billion yen (down 1418 billion yen). Within this, the container shipping business continued to see an increase in the supply of vessels due to the completion of new ships, and freight rates declined compared to the previous period. Freight rates also fell at ONE. In the terminal-related business, the volume of cargo handled domestically increased, but overall, the business experienced a decrease in both revenue and profit.
The air transport business recorded sales of 411 billion yen (down 55.6%) and ordinary profit of 21 billion yen (down 62 billion yen). Because the stock exchange between Nippon Cargo Airlines and ANA Holdings was completed on August 1, 2025, Nippon Cargo Airlines is not included in the results, resulting in a decrease in both revenue and profit.
The logistics business recorded sales of 3808 billion yen (down 5.1%) and ordinary profit of 67 billion yen (down 56 billion yen). Of this, the air cargo handling business saw a decrease in handling volume compared to the previous period, but profit levels rose due to lower procurement prices.
In addition, cargo movement remained strong in the maritime cargo handling business. Although the volume of cargo handled increased compared to the previous period, profit levels declined due to factors such as lower freight rates and rising costs due to inflation.
Due to the uncertain economic outlook resulting from factors such as the US-China tariff policy, the logistics business saw a decrease in cargo volume from major customers, resulting in a decline in profit levels compared to the previous period. Overall, the logistics business experienced a decrease in both revenue and profit.
In addition, the automotive business reported sales of 2540 billion yen (down 6.5%) and ordinary profit of 501 billion yen (down 114 billion yen). The dry bulk business reported sales of 2668 billion yen (down 17.5%) and ordinary profit of minus 21 billion yen (down 106 billion yen).
For the full year, the company projects net sales of 1.59 trillion yen (down 9.2%), operating profit of 90 billion yen (down 43.1%), ordinary profit of 220 billion yen (down 61.3%), and net profit attributable to parent company shareholders of 220 billion yen (down 56.0%).
