Nippon Yusen Kabushik New (NYUKF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for waiting. Now we'd like to thank you very much for taking time out of your busy schedule to attend our business results briefing of NYK. Now we'd like to begin the results briefing for the third quarter of FY2024. My name is Okada, head of IR group. I'll emcee this event. Let me now First, I'd like to introduce our speakers. Representative Director, Executive Vice President, Executive Officer CFO Akira Kono, Chief Executive of Liner and Logistics Headquarters, Banno. First, we'll be inviting CFO Kono-san to outline FY24 Q3 results Then we'd like to take questions from the audience. Detailed instructions as to how to raise questions will be given later. Today's materials are posted on our company website. Please have a look. Also, as usual, today's conference, including the QA session, will be video streamed on demand. Please be advised. Now we'd like to proceed with the presentation. Mr. Kono, the floor is yours. I am CFO Kono. Thank you very much for taking the time out of your busy schedule to attend our briefing. Today, I'm going to outline our financial results for the third quarter of fiscal year 2024, which will be followed by our full year forecast for the year. After the presentation, we'd like to entertain questions from the audience. The presentation materials will be projected on the screen. The materials can also be downloaded from our website. Please have them ready at hand. First, let me explain the overview of financial results for the third quarter of FY24. Please refer to page six. The second column from the right, shown in blue, represents our cumulative results through the third quarter. Net sales increased by 187.7 billion yen year-on-year to top 1.9769 trillion yen. Recurring profit rose by 236.1 billion yen to reach 436.4 ...