Nippon Yusen Kabushiki Kaisha posted a 69.3 per cent decline in net income for the first quarter ending March 2026, reported Saint Petersburg's PortNews. Consolidated revenue dropped 31.4 per cent year-on-year to JPY411.6 billion (US$2.78 billion), while operating profit fell 81.1 per cent to JPY21.2 billion. Recurring profit wasJPY4.5 billion, marking an 81.5 per cent decrease.

The liner & logistics segment suffered a 66.4 per cent reduction in operating profit due to lower container volumes and normalised freight rates. Air cargo saw a 92.8 per cent decline amid falling demand and rate adjustments.

Bulk shipping recorded a 71.6 per cent drop, affected by weak car carrier performance and softened energy demand.

NYK Line said it aims to restore profitability through vessel deployment optimisation and demand-driven cost management.

Headquartered in Tokyo, NYK Line is a publicly traded Japanese transportation firm under the Mitsubishi Group, active in marine, land and air logistics.

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