The financial results of the three major shipping companies for the past year were all record highs, with the final profit of Nippon Yusen, the largest company, exceeding 1 trillion yen for the first time.
In addition to the high freight rates of container ships, the sharp depreciation of the yen has boosted business performance.
Nippon Yusen, the largest shipping company, announced on the 9th that the final profit for the entire group for the year ending March was 1,091.1 billion yen, exceeding 1 trillion yen for the first time.
MOL's final profit was 708.8 billion yen, and Kawasaki Kisen's was 642.4 billion yen, the highest ever for all three companies.
Compared to the previous year, the final profit has increased by about 6 to 8 times, and the freight rates of container ships worldwide have been increasing due to the continued disruption of the distribution network since the spread of the new corona infection. In addition to staying high, the sharp depreciation of the yen also boosted business performance.
Regarding the future outlook, Toru Maruyama, executive officer of NYK Line, said, "It is very difficult to predict the future of fares, etc. due to the influence of Russia's invasion of Ukraine. However, it may remain high in the first half of this year." I did.