|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||13.61 - 13.61|
|52 Week Range||13.61 - 18.80|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.37 (2.72%)|
|Ex-Dividend Date||Mar 29, 2020|
|1y Target Est||N/A|
Japanese shipping giant Nippon Yusen Kabushiki Kaisha, also known as NYK Lines, recorded a $144 million extraordinary loss in its quarterly earnings because of longer-than-expected weakness in the air cargo market. NYK subsidiary Nippon Cargo Airlines operates a fleet of eight Boeing 747-8 freighters. In a filing Friday with the Tokyo Stock Exchange, NYK said that, after reviewing the future value of airframe, engine and spare parts assets at Nippon Cargo, the company recorded a 15.7 billion yen impairment loss in its financial statements for the quarter ended Dec. 31, which is the third quarter of NYK's fiscal year.
Nippon Yusen Kabushiki Kaisha (JP: 9101), also known as NYK Line, recorded a profit in the six months ending Sept. 30, a turnaround from the loss reported in the same period a year earlier. Japan's major liner companies report their earnings on a fiscal year that runs from April 1 to March 30. Japan's largest shipping company had operating profit of 15.8 billion yen ($146.7 million), compared with a loss of 4.2 billion yen in the same period last year.