Nippon Yusen Kabushiki Kaisha (JP:9101) has released an update.
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Nippon Yusen Kabushiki Kaisha has upwardly revised its financial forecasts for the fiscal year ending March 2025, citing better-than-expected conditions in container shipping due to route changes and a strong performance from its affiliate OCEAN NETWORK EXPRESS. The company has also accounted for positive trends in the Air Cargo Transportation, Logistics, and Bulk Shipping businesses, along with the effects of yen depreciation. These revisions reflect significant percentage increases in projected revenue and profits across the board.
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