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Financial results: K Line in the red

Report of the three-month period, ended June 30, 2018.

Operating revenues for the three-month period was ¥217.177 billion (down ¥75.198 billion year on year), operating loss was ¥13.370 billion (compared to operating income of ¥3.878 billion in the same period of the previous fiscal year), and ordinary loss was ¥17.095 billion (compared to ordinary income of ¥5.970 billion in the same period of the previous fiscal year). Loss attributable to owners of the parent was ¥19.272 billion (compared to profit attributable to owners of the parent of ¥8.523 billion in the same period of the previous fiscal year).

The overall Dry Bulk Segment recorded year-on-year growth in revenue and returned to profitability from a loss in the same period of previous fiscal year.

The overall Energy Resource Transport Segment recorded year-on-year growth in revenue and a decline in profit on a year-on-year basis.

The Product Logistics Segment recorded decline in revenue year-on-year and a loss was recorded.

Read the full report here.

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