9101 NYK Line（Nippon Yusen） explanation
- Prime Market
- Nikkei 225 constituents
- Mitsubishi Group core companies
- No. 1 in sales in the shipping industry
- Net profit increases due to sharp rise in container freight rates
9101 NYK Line（Nippon Yusen） Business content
Liner shipping business
The container ship business transporting food, daily necessities, electrical appliances, etc. was transferred to Ocean Network Express Pte. Ltd. (ONE), a joint venture established with Kawasaki Kisen Kaisha and Mitsui O.S.K. Lines. The company operates a fleet of approximately 240 vessels, including over 30 ultra-large container ships, and has built an extensive network connecting over 100 countries. It also has terminal-related businesses.
Air transport business
Nippon Cargo Airlines Co., Ltd. (NCA), a consolidated subsidiary, operates air transportation businesses in North America, Europe and Asia.
Logistics Business
Yusen Logistics Co., Ltd., a group company, operates through approximately 600 bases in over 40 countries and regions, mainly in North America, Europe, China, and Asia.
Bulk Shipping Business
In addition to exporting finished vehicles, the company operates the Automotive Business Division (110 vessels), which transports construction machinery, heavy machinery, used cars, etc.; the Dry Bulk Business Division, which transports bulk cargo such as iron ore, coal, and wood chips; and the Energy Business Division, which operates the offshore business (physical exploration vessels, drill ships, floating production, storage and offloading units (FPSOs), shuttle tanker operations, etc.) that mainly handles upstream and midstream oil and gas related businesses, as well as conventional energy transport such as crude oil, petroleum products, chemicals, LPG, LNG (liquefied natural gas), and coal.
Real Estate Business
The company engages in businesses such as renting office buildings and housing.
Cruise Ship Business
The group’s NYK Cruises Co., Ltd. operates a cruise business using the passenger ship “Asuka II” targeting the Japanese market.
Fiscal period
Mar.
9101 NYK Line（Nippon Yusen） Sales・Operating profit
【Fiscal year ending March 2024】
Sales: 2387.2 billion yen（＋2.1%）
Operating income: 174.6 billion yen（＋7.5%）
Ordinary profit：261.3 billion yen（△71.5%）
