Business Description
Logistics is the biggest revenue line — air and ocean freight forwarding, contract warehousing and inland transport run through Yusen Logistics — but the earnings come mainly from the shipping segments. Car carriers move finished vehicles for Japanese and other automakers; dry bulk ships iron ore, coal and grain on a mix of long-term contracts and spot charters; the energy segment operates LNG carriers, tankers and offshore vessels on long-term charters that behave more like infrastructure than shipping. The container liner business is no longer run in-house: the three Japanese lines folded it into Ocean Network Express (ONE) in 2017, and NYK is that venture's largest shareholder, so a share of ONE's profit arrives as equity income rather than as revenue.
That structure is what makes the stock behave the way it does. Freight rates on the bulk and car-carrier routes, the ONE equity contribution, bunker fuel prices and the yen all move results, and the container cycle — which can swing from record profit to loss within a couple of years — reaches shareholders through a single line in the accounts. Long-term LNG and offshore charters, together with the logistics arm and a European healthcare-logistics business bought in 2025, are the deliberate counterweight. Nippon Yusen was formed in September 1885 from the merger of Mitsubishi's shipping arm with Kyodo Unyu Kaisha, making it one of the oldest companies in the Mitsubishi group; the fiscal year ends in March.
Corporate Data
| Ticker | 9101 |
|---|---|
| Exchange | Tokyo Stock Exchange |
| Size Category | TOPIX Large70 |
| Market Segment | Prime Market |
| Sector | Marine Transportation |
| Head Office | 2-3-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan |
| Founded | September 29, 1885 |
| Fiscal Year End | March 31 |
| Website | Official website |