Financials Nippon Yusen Kabushiki Kaisha

Equities

9101

JP3753000003

Marine Freight & Logistics

Market Closed - Japan Exchange Other stock markets 02:30:00 2025-07-11 am EDT			5-day change	1st Jan Change
5,188.00 ^JPY	+1.73%		+1.19%	-1.61%

Jul. 01	Tranche Update on Nippon Yusen Kabushiki Kaisha's Equity Buyback Plan announced on May 8, 2025.	CI
Jul. 01	China regulator approves ANA Holdings' takeover of Nippon Cargo with conditions	RE

Projected Income Statement: Nippon Yusen Kabushiki Kaisha

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,608,414	2,280,775	2,616,066	2,387,240	2,588,700	2,399,847	2,410,564	2,397,832
Change	-	41.8%	14.7%	-8.75%	8.44%	-7.3%	0.45%	-0.53%
EBITDA ¹	170,340	370,535	418,008	316,284	365,452	340,719	362,242	376,987
Change	-	117.53%	12.81%	-24.34%	15.55%	-6.77%	6.32%	4.07%
EBIT ¹	71,537	268,939	296,350	174,679	210,820	172,259	171,251	167,220
Change	-	275.94%	10.19%	-41.06%	20.69%	-18.29%	-0.59%	-2.35%
Interest Paid ¹	-15,978	-12,279	-15,388	-13,826	-20,151	-20,364	-21,218	-22,221
Earnings before Tax (EBT) ¹	170,418	1,037,315	1,083,441	318,842	515,422	279,988	246,821	249,540
Change	-	508.69%	4.45%	-70.57%	61.65%	-45.68%	-11.85%	1.1%
Net income ¹	139,228	1,009,105	1,012,523	228,603	477,707	253,523	224,187	237,731
Change	-	624.79%	0.34%	-77.42%	108.97%	-46.93%	-11.57%	6.04%
Announcement Date	5/10/21	5/9/22	5/9/23	5/8/24	5/8/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	361,170	360,861	423,911	462,471	504,611	546,770	624,577	604,816	673,050	692,828	684,320	565,867	567,515	600,820	620,882	598,023	651,714	665,101	660,143	611,741	628,352	600,014	611,703	586,176	613,101	622,065	645,767	521,391
Change	-	-0.09%	17.47%	9.1%	9.11%	8.35%	14.23%	-3.16%	11.28%	2.94%	-1.23%	-17.31%	0.29%	5.87%	3.34%	-3.68%	8.98%	2.05%	-0.75%	-7.33%	2.72%	-4.51%	1.95%	-4.17%	4.59%	1.46%	3.81%	-19.26%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,259	78,720	89,311	81,102	96,471	77,047	103,595	87,163
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10.81%	13.45%	-9.19%	18.95%	-20.13%	34.46%	-15.86%
EBIT ¹	8,947	7,743	31,262	23,584	53,000	64,933	80,059	70,946	89,174	74,162	86,067	46,946	47,103	51,683	45,484	30,409	65,878	49,749	62,521	32,670	46,450	41,230	44,868	27,269	52,494	33,070	59,619	43,187
Change	-	-13.46%	303.75%	-24.56%	124.73%	22.52%	23.29%	-11.38%	25.69%	-16.83%	16.05%	-45.45%	0.33%	9.72%	-11.99%	-33.14%	116.64%	-24.48%	25.67%	-47.75%	42.18%	-11.24%	8.82%	-39.22%	92.5%	-37%	80.28%	-27.56%
Charge d'intérêts	-4,948	-	-3,592	-	-3,576	-	-2,785	-	-2,987	-	-4,250	-	-3,577	-3,141	-3,484	-	-6,654	-	-3,836	-	-	-	-	-18,026	-	-	-	-19,402
Earnings before Tax (EBT) ¹	15,749	14,167	34,906	-	159,892	273,112	295,184	-	365,049	-	235,000	-	93,536	84,107	53,982	-	132,626	166,572	148,895	67,329	79,713	77,382	76,250	31,851	87,381	67,957	94,506	39,664
Change	-	-10.05%	146.39%	-	-	70.81%	8.08%	-	-	-	-	-	-	-10.08%	-35.82%	-	-	25.6%	-10.61%	-54.78%	18.39%	-2.92%	-1.46%	-58.23%	174.34%	-22.23%	39.07%	-58.03%
Net income ¹	11,684	10,496	30,181	86,866	151,093	260,226	280,897	316,888	343,377	362,681	214,313	92,151	73,490	39,900	40,184	75,028	110,234	155,658	129,593	82,222	63,774	70,370	65,920	25,173	73,276	52,221	80,999	-14,783
Change	-	-10.17%	187.55%	187.82%	73.94%	72.23%	7.94%	12.81%	8.36%	5.62%	-40.91%	-57%	-20.25%	-45.71%	0.71%	86.71%	46.92%	41.21%	-16.75%	-36.55%	-22.44%	10.34%	-6.32%	-61.81%	191.09%	-28.73%	55.11%	-118.25%
Announcement Date	8/5/20	11/5/20	2/3/21	5/10/21	8/4/21	11/4/21	2/3/22	5/9/22	8/3/22	11/4/22	2/3/23	5/9/23	8/3/23	11/6/23	2/5/24	5/8/24	8/5/24	11/6/24	2/5/25	5/8/25	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S2	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	886,383	1,051,381	1,365,878	1,168,335	1,218,905	1,316,816	1,271,884	1,222,510	1,122,380
Change	-	18.61%	29.91%	-14.46%	4.33%	8.03%	-3.41%	-3.88%	-8.19%
EBITDA	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EBIT ¹	54,847	117,933	163,336	98,786	75,893	115,628	95,192	81,450	34,800
Change	-	115.02%	38.5%	-39.52%	-23.17%	52.36%	-17.67%	-14.44%	-57.27%
Charge d'intérêts	-	-6,671	-7,226	-6,718	-	-11,899	-	-	-
Earnings before Tax (EBT) ¹	-	433,004	750,627	177,643	-	299,198	216,224	157,306	94,894
Change	-	-	73.35%	-76.33%	-	-	-27.73%	-27.25%	-39.68%
Net income ¹	-	411,319	706,058	113,390	115,213	265,892	211,815	153,318	82,765
Change	-	-	71.66%	-83.94%	1.61%	130.78%	-20.34%	-27.62%	-46.02%
Announcement Date	5/10/21	11/4/21	11/4/22	11/6/23	5/8/24	11/6/24	5/8/25	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Nippon Yusen Kabushiki Kaisha

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	843,629	575,280	489,273	757,641	582,449	804,779	878,265	850,687
Change	-	-31.81%	-14.95%	54.85%	-23.12%	38.17%	9.13%	-3.14%
Announcement Date	5/10/21	5/9/22	5/9/23	5/8/24	5/8/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Nippon Yusen Kabushiki Kaisha

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	101,778	205,140	198,865	335,816	207,803	422,000	366,000	310,000
Change	-	101.56%	-3.06%	68.87%	-38.12%	103.08%	-13.27%	-15.3%
Free Cash Flow (FCF) ¹	57,558	359,191	571,889	65,598	450,972	153,124	41,494	124,352
Change	-	524.05%	59.22%	-88.53%	587.48%	-66.05%	-72.9%	199.69%
Announcement Date	5/10/21	5/9/22	5/9/23	5/8/24	5/8/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Nippon Yusen Kabushiki Kaisha

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	10.59%	16.25%	15.98%	13.25%	14.12%	14.2%	15.03%	15.72%
EBIT Margin (%)	4.45%	11.79%	11.33%	7.32%	8.14%	7.18%	7.1%	6.97%
EBT Margin (%)	10.6%	45.48%	41.41%	13.36%	19.91%	11.67%	10.24%	10.41%
Net margin (%)	8.66%	44.24%	38.7%	9.58%	18.45%	10.56%	9.3%	9.91%
FCF margin (%)	3.58%	15.75%	21.86%	2.75%	17.42%	6.38%	1.72%	5.19%
FCF / Net Income (%)	41.34%	35.6%	56.48%	28.7%	94.4%	60.4%	18.51%	52.31%
Profitability
ROA	10.61%	38.54%	32.37%	6.51%	11.45%	5.69%	4.85%	4.99%
ROE	25.6%	86%	48.3%	8.9%	17.2%	8.49%	7.01%	6.41%
Financial Health
Leverage (Debt/EBITDA)	4.95x	1.55x	1.17x	2.4x	1.59x	2.36x	2.42x	2.26x
Debt / Free cash flow	14.66x	1.6x	0.86x	11.55x	1.29x	5.26x	21.17x	6.84x
Capital Intensity
CAPEX / Current Assets (%)	6.33%	8.99%	7.6%	14.07%	8.03%	17.58%	15.18%	12.93%
CAPEX / EBITDA (%)	59.75%	55.36%	47.57%	106.18%	56.86%	123.86%	101.04%	82.23%
CAPEX / FCF (%)	176.83%	57.11%	34.77%	511.93%	46.08%	275.59%	882.07%	249.29%
Items per share
Cash flow per share ¹	469.9	2,192	744.4	758.1	1,417	1,027	836.4	842.6
Change	-	366.43%	-66.04%	1.84%	86.89%	-27.48%	-18.6%	0.75%
Dividend per Share ¹	66.67	483.3	406.7	140	325	241.6	236.4	243
Change	-	625%	-15.86%	-65.57%	132.14%	-25.66%	-2.17%	2.81%
Book Value Per Share ¹	1,234	3,381	1,626	5,772	6,735	7,078	7,423	7,724
Change	-	173.93%	-51.92%	255.05%	16.67%	5.09%	4.88%	4.06%
EPS ¹	274.8	1,991	1,994	468.1	1,070	612.6	573.3	603.1
Change	-	624.49%	0.12%	-76.52%	128.64%	-42.77%	-6.41%	5.2%
Nbr of stocks (in thousands)	506,586	506,808	508,175	459,141	433,389	429,802	429,802	429,802
Announcement Date	5/10/21	5/9/22	5/9/23	5/8/24	5/8/25	-	-	-