Nippon Yusen Kabushiki Kaisha (JP:9101)
:9101
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Nippon Yusen Kabushiki Kaisha
(9101)
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Rating:64Neutral
Price Target:
¥5,854.00
▼(-3.97% Downside)
Action:Downgraded
Date:05/12/26
The score is driven primarily by normalized (lower) profitability and weaker cash conversion versus prior peak years, partially offset by a strengthened balance sheet and continued positive free cash flow. Valuation is supportive due to the 5.56% dividend yield and moderate P/E, but technical indicators remain bearish with the stock below key short-term moving averages and negative MACD.
Positive Factors
Business Diversification
NYK's multi-segment model (liner, bulk, specialized transport, logistics and terminals) spreads revenue sources across maritime and onshore services. This structural diversification reduces single-market cyclicality, supports steadier cash flows and cross-selling over months.
Negative Factors
Normalized Profitability
Margins have structurally compressed from extraordinary cyclical highs to single-digit normalized levels. This represents a lasting reduction in earnings power versus recent peaks, limiting surplus cash available for reinvestment or distribution over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Business Diversification
NYK's multi-segment model (liner, bulk, specialized transport, logistics and terminals) spreads revenue sources across maritime and onshore services. This structural diversification reduces single-market cyclicality, supports steadier cash flows and cross-selling over months.
Read all positive factors
Nippon Yusen Kabushiki Kaisha (9101) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.17T
Dividend Yield6.25%
Average Volume (3M)2.71M
Price to Earnings (P/E)11.4
Beta (1Y)0.61
Revenue Growth-6.37%
EPS Growth-52.74%
CountryJP
Employees35,243
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)504.86
Shares Outstanding408,780,000
10 Day Avg. Volume2,527,510
30 Day Avg. Volume2,713,643
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.79
Price to Sales (P/S)1.00
P/FCF Ratio14.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,200.00Price Target Upside1.71% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)476.32
Revenue Forecast (FY)¥2.48T
Nippon Yusen Kabushiki Kaisha Business Overview & Revenue Model
Company Description
Nippon Yusen Kabushiki Kaisha provides marine, land, and air transportation services worldwide. The company offers various logistics services, including liner trading services, such as container shipping, and terminal and stevedoring services for ...
How the Company Makes Money
NYK makes money primarily by charging customers for transportation and logistics services across its shipping and logistics portfolio. Major revenue streams include: (1) Ocean shipping freight and charter income: NYK earns freight revenues from mo...
Nippon Yusen Kabushiki Kaisha Earnings Call Summary
Earnings Call Date:Feb 05, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with significant challenges in revenue and profit declines, especially in the Liner & Logistics segment, due to market conditions and operational challenges like the Panama Canal restrictions. However, there were positive elements such as improved full-year forecasts, strong demand in the automotive and energy sectors, and resilient e-commerce demand. Despite the improvements in specific areas, the overall sentiment was cautious due to the substantial negative financial impacts reported.Positive Updates
Improved Full Year Forecast
The revenue forecast for the full year was increased by JPY 60 billion to JPY 2,340 billion, and recurring profit was revised up by JPY 10 billion to JPY 245 billion.
Negative Updates
Significant Decrease in Revenues and Profits
Cumulative revenues decreased by JPY 260.9 billion year-on-year, and recurring profit dropped by JPY 805.6 billion to JPY 202 billion. Net income also decreased by JPY 766.7 billion year-on-year.
Read all updates
Q3-2024 Updates
Positive
Negative
Improved Full Year Forecast
The revenue forecast for the full year was increased by JPY 60 billion to JPY 2,340 billion, and recurring profit was revised up by JPY 10 billion to JPY 245 billion.
Read all positive updates
Company Guidance
During the earnings call for the NYK Group's third quarter of fiscal 2023, the company provided several key metrics and guidance. The cumulative revenues for the first three quarters decreased by JPY 260.9 billion year-on-year to JPY 1,789.2 billion, while recurring profit fell by JPY 805.6 billion to JPY 202 billion, and net income dropped by JPY 766.7 billion to JPY 153.5 billion. The decline in revenues and profits was primarily attributed to reduced freight rates and handling volumes in the Liner & Logistics business due to looser supply and demand conditions. For the full fiscal year 2023, the company forecasted an increase in revenue to JPY 2,340 billion, a JPY 60 billion upward revision, and a recurring profit increase to JPY 245 billion, up by JPY 10 billion. The net income forecast was revised down by JPY 20 billion to JPY 200 billion due to changes in the timing of NCA share transfer and transition of overseas terminals. The dividend payout ratio is expected to be around 30%, with a year-end dividend of JPY 70, resulting in an annual dividend payout of JPY 130 per share. The company also highlighted ongoing efforts to buy back shares, with a total cost of JPY 142 billion as of January 31.Nippon Yusen Kabushiki Kaisha Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.42T | 2.59T | 2.39T | 2.62T | 2.28T |
| Gross Profit | 429.39B | 469.34B | 413.27B | 510.15B | 453.43B |
| EBITDA | 313.78B | 368.99B | 319.11B | 419.76B | 371.46B |
| Net Income | 211.75B | 477.71B | 228.60B | 1.01T | 1.01T |
Balance Sheet | |||||
| Total Assets | 5.20T | 4.32T | 4.25T | 3.78T | 3.08T |
| Cash, Cash Equivalents and Short-Term Investments | 214.58B | 156.01B | 156.16B | 204.82B | 233.02B |
| Total Debt | 1.20T | 738.46B | 913.80B | 694.09B | 808.30B |
| Total Liabilities | 2.06T | 1.35T | 1.56T | 1.25T | 1.32T |
| Stockholders Equity | 3.07T | 2.92T | 2.65T | 2.48T | 1.71T |
Cash Flow | |||||
| Free Cash Flow | 168.86B | 304.25B | 65.13B | 626.49B | 315.04B |
| Operating Cash Flow | 473.36B | 510.75B | 401.41B | 824.85B | 507.76B |
| Investing Cash Flow | -371.24B | -59.78B | -285.63B | -251.98B | -142.59B |
| Financing Cash Flow | -33.39B | -427.75B | -163.42B | -582.19B | -243.52B |
Nippon Yusen Kabushiki Kaisha Technical Analysis
Negative
6096.00
Price Trends
5768.72
Negative
5417.37
Negative
5214.75
Positive
Market Momentum
-90.51
Positive
38.36
Neutral
50.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9101, the sentiment is Negative. The current price of 6096 is above the 20-day moving average (MA) of 5595.10, above the 50-day MA of 5768.72, and above the 200-day MA of 5214.75, indicating a neutral trend. The MACD of -90.51 indicates Positive momentum. The RSI at 38.36 is Neutral, neither overbought nor oversold. The STOCH value of 50.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9101.
Nippon Yusen Kabushiki Kaisha Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥178.16B | 7.13 | 13.08% | 3.75% | -7.12% | 29.40% | |
72 Outperform | ¥1.56T | 12.54 | 11.32% | 5.12% | -2.82% | -54.04% | |
64 Neutral | ¥2.17T | 11.43 | 10.82% | 6.25% | -6.37% | -52.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | ¥2.05T | 17.02 | 10.90% | 5.81% | 2.80% | -47.61% | |
54 Neutral | ¥158.60B | 17.08 | ― | 4.08% | -10.27% | -16.20% | |
47 Neutral | ¥10.37B | -135.90 | ― | 5.77% | 2.31% | -91.89% |
* Industrials Sector Average
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Nippon Yusen Kabushiki Kaisha Corporate Events
NYK Line Profit Slumps as Equity Earnings Fall, Dividend Trimmed but Balance Sheet Strengthens
May 11, 2026
NYK Line reported a sharp profit decline for the year ended March 31, 2026, with revenues down 6.4% to ¥2.42 trillion and profit attributable to owners of the parent falling 55.7% to ¥211.7 billion, reflecting weaker operating margins an...
NYK Line Raises Year-End Dividend, Lifts Full-Year Payout to ¥230 Per Share
May 11, 2026
Nippon Yusen Kabushiki Kaisha has revised its year-end dividend for the fiscal year ended March 31, 2026, resolving to pay ¥115 per share, up from the previously announced ¥110, subject to approval at the June 17 shareholders’ meet...
NYK completes ¥150 billion share buyback and retires treasury shares
May 7, 2026
Nippon Yusen Kabushiki Kaisha has completed a board‑authorized share buyback program, acquiring 28,779,900 common shares for about JPY 150 billion through open‑market purchases on the Tokyo Stock Exchange. The final tranche in April 20...
NYK Nears Completion of ¥150 Billion Share Buyback Program
Apr 1, 2026
Nippon Yusen Kabushiki Kaisha reported the latest tranche of its ongoing share buyback, acquiring 1,523,500 common shares on the Tokyo Stock Exchange between March 1 and March 31, 2026, for a total of ¥8.67 billion under a discretionary tradi...
NYK to Retire Shares After Buyback, Tightening Capital Base
Mar 12, 2026
Nippon Yusen Kabushiki Kaisha has approved the retirement of a substantial portion of its own common shares, following a previously announced market buyback program. The company will first retire 25,321,600 shares, representing 5.83% of its pre-re...
NYK Advances Large-Scale Share Buyback, Nears Authorized Limit
Mar 2, 2026
Nippon Yusen Kabushiki Kaisha reported the latest status of its ongoing share buyback program authorized by its board in May 2025 under Article 459 of the Companies Act. The company acquired 1,834,800 common shares for about JPY 9.44 billion on th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.