Notice of Revision to Earnings Guidance for the Fiscal Year Ending March 2027 (Consolidated and Non-consolidated)

Overview of Results

This document announces revisions to the consolidated and non-consolidated earnings guidance for the fiscal year ending March 2027. Interim guidance has been raised to net sales of 1,275,000 million yen, operating income of 72,000 million yen, ordinary income of 162,000 million yen, interim net income attributable to owners of parent of 178,000 million yen, and interim net income per share of 517.93 yen. Full-year guidance has also been revised upward to net sales of 2,370,000 million yen, operating income of 151,000 million yen, ordinary income of 295,000 million yen, net income for the year of 300,000 million yen, and net income per share for the year of 872.68 yen.

Impact on Shareholders and Reasons

The primary reasons for the upward revisions are that market conditions in the dry bulk and energy businesses have exceeded assumptions at the time of the previous disclosure, and the container shipping business of the equity-method affiliate Ocean Network Express PTE. LTD. has been robust. These factors have led to upward revisions for both interim and full-year forecasts, which may raise expectations among investors for stronger-than-anticipated results.