18 May, 2001
1. Consolidated Results of
the fiscal year 2000 (from April 1, 2000 to March
31, 2001)
* The translation of Japanese
yen amounts into U.S. dollar use the following exchange rates:
FY2000: \123.90
(actual rate at the year-end of March 31, 2001)
FY1999: \106.15
(actual rate at the year-end of March 31, 2000)
(1) Operational
Results
|
(Millions
of Yen except earning per share) |
|
|
||
|
|
FY2000 |
FY1999 |
|
|
Revenues |
\887,866 |
\881,807 |
|
|
Operating income |
\78,239 |
\61,320 |
|
|
Ordinary income |
\53,020 |
\28,635 |
|
|
Income before income taxes |
\20,860 |
\15,314 |
|
|
Net income |
\10,943 |
\8,324 |
|
|
Earning per share |
\9.01 |
\6.77 |
|
|
Rate of return on equity |
7.4% |
5.6% |
|
|
Rate of return (ordinary income) on assets |
4.5% |
2.3% |
|
|
Profit (ordinary income) margin ratio |
6.0% |
3.2% |
|
|
|
|
|
||
|
(Millions
of U.S. dollar) |
|
|
||
|
|
FY2000 |
FY1999 |
|
|
Revenues |
$7,166 |
$8,307 |
|
|
Operating income |
$631 |
$578 |
|
|
Ordinary income |
$428 |
$270 |
|
|
Income before income taxes |
$168 |
$144 |
|
|
Net income |
$88 |
$78 |
|
(2)
Financial Position
|
(Millions
of Yen except shareholders’ equity per share) |
|
|
||||
|
|
FY2000 |
FY1999 |
|||
|
Total Assets |
\1,140,400 |
\1,196,474 |
|||
|
Shareholders’ equity |
\144,355 |
\151,992 |
|||
|
Equity ratio |
12.7% |
12.7% |
|||
|
Shareholders’ equity per share |
\119.88 |
\123.63 |
|||
|
|
|
|
||||
|
(Millions
of U.S. dollar) |
|
|
||||
|
|
FY2000 |
FY1999 |
|||
|
Total Assets |
$9,204 |
$11,272 |
|||
|
Shareholders’ equity |
$1,165 |
$1,432 |
|||
(3) Cash Flows
|
(Millions
of Yen) |
|
|
|
|||
|
|
FY2000 |
FY1999 |
|||
|
Cash flows from operating activities |
\91,019 |
\76,577 |
|||
|
Cash flows from investing
activities |
\47,214 |
\19,336 |
|||
|
Cash flows from financing
activities |
△\129,909 |
△\105,214 |
|||
|
Cash & cash equivalent
at the end of the fiscal year |
\55,289 |
\45,713 |
|||
|
|
|
|
|
|||
|
(Millions
of U.S. dollar) |
|
|
|
|||
|
|
FY2000 |
FY1999 |
|||
|
Cash flows from operating activities |
$735 |
$721 |
|||
|
Cash flows from investing
activities |
$381 |
$182 |
|||
|
Cash flows from financing
activities |
△$1,048 |
△$991 |
|||
|
Cash & cash equivalent at the end of the fiscal year |
$446 |
$431 |
|||
(4) Other
Information
i) Foreign Exchange Information
|
|
|
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|
|
FY2000 |
FY1999 |
Increase/decrease |
|
|||
|
Average internal exchange rate |
1US$=\109.71 |
1US$=\111.90 |
＋
\ 2.19 (＋ 2.0%) |
|
|||
|
Actual rate at the end of the period |
1US$=\123.90 |
1US$=\106.15 |
△ \17.75 (△16.7%) |
|
|||
|
|
|
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|
(Note) |
The internal exchange rate is the TTM rate at the
end of the prior month. The average internal rate is the average of each
monthly rate during the applicable period. Exchange rates for the end of each period are TTM
rates at the end of the applicable period. |
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|
|
|
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|
|
December 31, 2000 |
December 31, 1999 |
Increase/decrease |
|
(TTM) |
(TTM) |
||
|
Actual rate at the end of the period |
1US$=\114.75 |
1US$=\102.40 |
△ \12.35 (△12.1%) |
ii) Depreciation Expenses
(Millions of yen)
|
|
FY2000 |
FY1999 |
Increase/decrease |
|
Vessels Others |
63,464 6,362 |
55,112 6,749 |
8,352 △387 |
|
Total |
69,826 |
61,862 |
7,964 |
iii) Outstanding
Interest-bearing Debt
(Millions of yen)
|
|
As of March 31, 2000 |
As of March 31, 1999 |
Increase/decrease |
|
Borrowings Straight bonds issued Commercial paper Leasing |
649,458 83,006 10,000 2,147 |
722,735 108,638 - 2,251 |
△73,277 △25,632 10,000 △104 |
|
Total |
744,612 |
833,625 |
△89,013 |
(5)
Forecast for the fiscal year 2001 ending March 31,
2002
|
|
|
|
||||||||
|
*Estimation for FY2001: |
Exchange
rate 1US$=\115.0, |
Bunker
price US$140/MT |
||||||||
|
(Millions
of Yen) |
|
|
|
||||||
|
|
1st half of FY2001 |
FY2001 |
|
||||||
|
Revenues |
\460,000 |
\920,000 |
|
||||||
|
Ordinary income |
\25,000 |
\51,000 |
|
||||||
|
Net income |
\11,000 |
\23,000 |
|
||||||
|
(Millions
of U.S. dollar) |
|
|||
|
|
1st half of FY2001 |
FY2001 |
|
|
Revenues |
$4,000 |
$8,000 |
|
|
Ordinary income |
$217 |
$443 |
|
|
Net income |
$96 |
$200 |
|
2. Non-Consolidated Results
of the fiscal year 2000 (from April 1, 2000 to March
31, 2001)
* The translation of Japanese
yen amounts into U.S. dollar use the following exchange rates:
FY2000: \123.90
(actual rate at the year-end of March 31, 2001)
FY1999: \106.15
(actual rate at the year-end of March 31, 2000)
(1) Operational
Results
|
(Millions
of Yen except earning per share) |
|
|
|
|
|
FY2000 |
FY1999 |
|
Revenues |
\683,167 |
\651,936 |
|
Operating income |
\52,096 |
\34,044 |
|
Ordinary income |
\51,336 |
\29,153 |
|
Income before income taxes |
\23,960 |
\13,838 |
|
Net income |
\14,282 |
\8,701 |
|
Earning per share |
\11.75 |
|