Industries›5 companies · latest full-year results
Global shipping services using vessels for cargo and passengers, including containers, bulk carriers, and tankers.
The 5 marine transportation companies we cover had combined revenue of ¥5.6T (-3.1% year over year) and operating profit of ¥383.7B, an industry-wide operating margin of 6.8%.
NYK Line leads on revenue (¥2.4T, a 43.1% share), and the top three hold 94% of industry sales. 0 grew both revenue and operating profit; 3 saw both fall.
Iino Lines has the highest operating margin (10.6%); average pay across the industry is ¥13.7M, highest at MOL (¥16.6M).
Industry total
Marine Transportation · 5 companies
YoY compares companies with prior-year figures
StockShares are +57.0% over a year, ahead of the all-industry average (+14.9%) — #2 of 53 industries. Over the last month: +3.3%, +6.0pt against the market.Details
GuidanceCompany plans for FY2027 (5 companies combined): revenue +13.5%, operating profit +8.5%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions3 raised and 0 cut this year's forecast. The biggest revision: NS United (operating profit +39.4%).Details
Latest resultsYear to date through Q1, 2 companies combined: revenue +19.9%, operating profit +43.6% year over year. 1 are ahead of an even pace toward their full-year plan, 0 behind.Details
Disclosures3 TSE filings in the last 90 days (guidance revisions 1, buybacks 1, dividends 1).Details
Earnings dates4 companies report within 30 days, starting with K Line on Nov 4 and NYK Line on Nov 5.Details
None
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥138.6B | ¥185.0B | +33.5% | Up +27.6% | 31% |
| ¥127.0B | ¥105.0B | −17.3% | - | - |
| ¥84.2B | ¥85.0B | +1.0% | Up +2.4% | 23% |
| ¥20.5B | ¥32.2B | +56.9% | Up +39.4% | 55% |
| ¥13.4B | ¥9.1B | −32.3% | - | - |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Marine Transportation | +3.3% | +23.8% | +57.0% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +6.0pt | +24.8pt | +42.0pt |
Rank among industries:3M #1/531Y #2/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 5 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥2.4T | −6.4% | ¥138.6B | 5.7% | 43.1% | ¥15.5M | 37.8 | 1,370 |
| 2 | ¥1.8T | +2.8% | ¥127.0B | 7.0% | 32.5% | ¥16.6M | 38.4 | 1,433 |
| 3 | ¥1.0T | −2.8% | ¥84.2B | 8.3% | 18.1% | ¥12.2M | 38.5 | 900 |
| 4 | ¥229.8B | −7.1% | ¥20.5B | 8.9% | 4.1% | ¥11.0M | 40.1 | 247 |
| 5 | ¥127.3B | −10.3% | ¥13.4B | 10.6% | 2.3% | ¥12.9M | 38.3 | 211 |
| Industry total / average | ¥5.6T | −3.1% | ¥383.7B | 6.8% | 100% | ¥13.7M | 38.6 | 4,161 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
NS United Q1 FY2027: Operating Profit Soars 96%, Full-Year Forecast Lifted
