Mitsui O.S.K. Lines Full Year 2024 Earnings: Beats Expectations

Mitsui O.S.K. Lines (TSE:9104) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥1.63t (up 1.0% from FY 2023).
• Net income: JP¥261.7b (down 67% from FY 2023).
• Profit margin: 16% (down from 49% in FY 2023).
• EPS: JP¥723 (down from JP¥2,204 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mitsui O.S.K. Lines Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%.

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 2 years, while revenues in the Shipping industry in Asia are expected to grow by 1.1%.

Performance of the market in Japan.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Mitsui O.S.K. Lines (1 is a bit concerning!) that you need to take into consideration.

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