Mitsui O.S.K. Lines, Ltd. Announces Revision of FY2012 Outlook (1st Half)
July 31, 2012
TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) today announced a revision of the consolidated business outlook for the first half of FY2012 (April 1, 2012 to September 30, 2012), issued on April 27, 2012, as follows:
Revisions to the consolidated business outlook for the first half of FY2012
(April 1 to September 30, 2012)
| Revenue | Operating Income | Ordinary Income | Net Income | Net Income per share | |
|---|---|---|---|---|---|
| Previous outlook (A) | ¥mil. 790,000 |
¥mil. -1,000 |
¥mil. -5,000 |
¥mil. -2,000 |
¥ -1.67 |
| Revised outlook (B) | 770,000 | 1,000 | -3,000 | -2,000 | -1.67 |
| Change (B)-(A) | -20,000 | 2,000 | 2,000 | 0 | |
| Change (%) | -2.5 | - | - | - | |
| (Ref) 1st half of FY2012 (ended in March 2013) results |
717,345 | -10,054 | -12,100 | -16,463 | -13.77 |
Reasons for revision of outlook
The Company revised its consolidated outlook for the first half of FY2012 because it anticipates a recovery of freight rates in the containership business segment and a recovery in profits due to lower-than-anticipated bunker prices, 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.