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Mitsui O.S.K. Lines, Ltd. Announces Revision of FY2011 Outlook
January 31, 2012
TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) today announced a revision of its consolidated business outlook for FY2011 (April 1, 2011 to March 31, 2012), issued on October 31, 2011, as follows:
Revisions to the consolidated business outlook for FY2011
(April 1, 2011 to March 31, 2012)
| Revenue | Operating Income | Ordinary Income | Net Income | Net Income per share | |
|---|---|---|---|---|---|
| Previous outlook (A) | ¥mil. 1,450,000 |
¥mil. 0 |
¥mil. 0 |
¥mil. -4,000 |
¥ -3.35 |
| Revised outlook (B) | 1,430,000 | -25,000 | -27,000 | -29,000 | -24.26 |
| Change (B)-(A) | -20,000 | -25,000 | -27,000 | -25,000 | |
| Change (%) | -1.40% | - | - | - | |
| (Ref) FY2010 (ended in March 2011) results | 1,543,660 | 123,400 | 121,621 | 58,277 | 48.75 |
Reasons for revision of outlook
The Company made a downward revision of the consolidated outlook for FY2011 because it anticipates a significant deterioration in profit due to a weak dry bulker market, a delay in progress of tanker market improvement, container freight rates hovering at a low level on the Asia-Europe and Asia-North America routes, a steep rise in bunker prices, and other factors, compared to the business climate assumed in the previously announced outlook.
Note: The above future outlook is issued by the Company on the basis of currently available information as of the announcement date. Please note that the actual results may differ from this outlook due to various factors in the future.