“Japan’s big three shipowners – NYK, Mitsui OSK Lines (MOL) and K Line – all reported first quarter losses hit by the start-up of container line joint venture Ocean Network Express (ONE).” To learn more, see the original story at Seatrade Maritime News.
Source: Seatrade Maritime News (JB)
The following release was published by MOL:
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only)
July 31, 2018
Mitsui O.S.K Lines, Ltd.
Financial Highlights: The First Quarter Ended June 30, 2018
1. Consolidated Financial Highlights ( from April 1, 2018 to June 30, 2018 )
(All financial information has been prepared in accordance with accounting principles generally accepted in Japan)
(1) Operating Results
*The Company consolidated its common shares on the basis of one (1) unit for every ten (10) shares effective October 1, 2017.
Accordingly, net income per share and diluted net income (loss) per share are calculated on the assumption that the consolidation of shares was conducted at the beginning of the previous fiscal year ended March 31, 2018.
(2) Financial Position
2. Dividends
* The year-end dividend per share for the fiscal year ended March 31, 2018 represents the amount with impacts
from the consolidation of shares taken into consideration and the total annual dividend is indicated as “－.”
The total annual dividend per share is ￥20.00 for the fiscal year ended March 31, 2018, which are calculated on
the assumption that the consolidation of shares was conducted at the beginning of the previous fiscal year ended
March 31, 2018.
Page 1 of 15
Source: MOL Financial Highlights: FY2018 Ended June 30, 2018 (pages 1-15) (JB)
See also: MOL Business Performance in FY2018-1st Quarter (including Disclosure Materials of OCEAN NETWORK EXPRESS)
(JB)