Nippon Yusen Kabushiki Kaisha expected to Report Q3 2010 Results on January 22, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Nippon Yusen Kabushiki Kaisha reported earnings results for the second quarter ended September 2009. For the quarter, the company reported net loss of JPY 10.4 billion ($113 million) from its JPY 46.9 billion net profit in the year-ago period. Its revenue in the quarter was JPY 414.5 billion, retreating from last year's JPY 740.3 billion. For the fiscal year ending in March 2010, the company now predicts a group net loss of JPY 27 billion, deeper than its previously forecast loss of JPY 5 billion, on revenue of JPY 1.68 trillion, down from a projection of JPY 1.710 trillion. The company would spend JPY 830 billion on new ship procurements over the next three years, lower than the JPY 1.54 trillion to JPY 1.8 trillion it had originally planned. It aims to have a fleet of 850 ships by 2013, smaller than its previous plan for a fleet of 1,150 to 1,220 ships.

Nippon Yusen Kabushiki Kaisha has selected Gulf Agency Company Ltd. as its partner in Nigeria. Gulf Agency Company Ltd.'s task is to give them the best possible service no matter the conditions.