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Mitsui O.S.K. Lines, Ltd. Announces Revision of FY2011 Outlook
July 29, 2011
Mitsui O.S.K. Lines, Ltd. Announces Revision of FY2011 Outlook
TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) today announced a revision of its consolidated business outlook for FY2011, ending March 31, 2012 (April 1, 2011-March 31, 2012), issued on April 28, 2011, as follows:
Reasons for revision of outlook
In the outlook for the first half, the Company anticipates a significant deterioration in profits due to factors such as the current declining demand in the containership segment, the current downturn of the dry bulker market, and appreciation of the yen. Consequently, the Company decided to revise its earlier announced consolidated business outlook for the first half of FY2011.
In consideration of the anticipated business environment from the third quarter and later, in addition to revising the consolidated business outlook for the first half, the Company made a downward revision of its earlier announced consolidated business outlook for FY2011.
Forward-looking statement
Future outlooks such as plans and strategies related to matters other than the past and present facts in this press release contain potential risks and uncertainties, and are not guaranteed. These outlooks are issued by the Company according to currently available information. Please realize that actual achievement may be significantly different from these outlooks, due to various factors such as future economic trends, market demand, exchange rates, bunker prices, other economic, social, and political situations, and various contingencies.