3 major shipping companies 3 year settlement of accounts 2 companies are in deficit and profit decreased significantly Corona impact

3 major shipping companies 3 year settlement of accounts 2 companies are in deficit and profit decreased significantly Corona impact August 5 23:17

For the three major shipping companies, three-month settlement of accounts from April to June resulted in a significant decrease in automobile exports due to the impact of the new coronavirus. Profit decreased significantly.

The three major shipping companies announced the financial results of the entire group for the first quarter from April to June by 5th.

As a result, the number of vehicles transported, mainly from Japan to Europe and the United States, decreased significantly due to the new coronavirus.

The number of vehicles transported by Kawasaki Kisen decreased by 51% from the same period last year to 440,000, while that of MOL by 39% decreased by 610,000 and NYK decreased by 35% by 52%. It was a million.

In addition, the volume of bulk carriers that transport iron ore and grains at each company was also sluggish.

As a result, in terms of recurring profit/loss, "Kawasaki Kisen" fell from a surplus of 2.7 billion yen in the same period last year to a deficit of 1 billion yen, and "Mitsui OSK Lines" secured a surplus of 7.3 billion yen, but it was 47%. Profit decreased significantly.

On the other hand, NYK has a mixed picture, with a positive profit of 16.5 billion yen and a 58% increase in profit, supported by the favorable performance of the air transportation business conducted by a subsidiary.

Earnings forecasts for the year to March next year show that profits for all three companies will decline, and the spread of the new coronavirus infection will have a major impact on the performance of shipping companies.