Nippon Yusen Kabushiki Kaisha Revises Dividend Forecast for the Fiscal Year Ended March 31, 2024, Effective June 20, 2024; Provides Dividend Guidance for the Second Quarter of the Fiscal Year Ending March 31, 2025
May 07, 2024 at 11:00 pm
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Nippon Yusen Kabushiki Kaisha revised dividend forecast for the fiscal year ended March 31, 2024. For the period, the company now expects dividend guidance of JPY 80.00 per share compared to previous forecast of JPY 70.00 per share. Record date is March 31, 2024. Effective date is June 20, 2024. Above will be implemented subject to the resolution at the 137th Ordinary General Meeting of Shareholders scheduled on June 19, 2024.
The company provided dividend guidance for the second quarter of the fiscal year ending March 31, 2025. For the quarter, expects dividend of JPY 80.00 per share against JPY 60.00 per share paid for the same period a year ago.
Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world's largest transport and logistics services providers. Net sales break down by activity as follows:
- bulk sea transport (42.7%): dry bulk, vehicles, oil products transport, etc.;
- containers sea transport (37.1%). The group also develops a containers terminals operation activity;
- logistics services (8.2%): storage, warehousing, delivery services, etc.;
- freight air transport (7.8%);
- other (4.2%): primarily real estate management, ships maintenance and repair.
At the end of March 2022, the group had a fleet of 658 vessels.
Nippon Yusen Kabushiki Kaisha Revises Dividend Forecast for the Fiscal Year Ended March 31, 2024, Effective June 20, 2024; Provides Dividend Guidance for the Second Quarter of the Fiscal Year Ending March 31, 2025
NIPPON YUSEN KABUSHIKI KAISHA 
