Tamai Steamship Co., Ltd. Raises FY2027 Earnings Forecast 70% on Shipping Strength
Tamai Steamship Co., Ltd. (TSE:9127) has raised its full-year earnings guidance for the fiscal year ending March 2027, citing stronger-than-expected shipping market conditions and favorable currency movements.
| Item | Before | After | Change | Change % |
|---|---|---|---|---|
| H1 Consolidated Forecast | ||||
| Revenue | JPY 2.6bn | JPY 2.7bn | JPY 0.1bn | 3.8% |
| Operating Profit | JPY 0.16bn | JPY 0.51bn | JPY 0.35bn | 218.8% |
| Ordinary Income | JPY 0.16bn | JPY 0.53bn | JPY 0.37bn | 231.3% |
| Net Profit | JPY 60M | JPY 320M | JPY 260M | 433.3% |
| EPS | JPY 39.22/share | JPY 209.15/share | JPY 169.93/share | 433.3% |
| Full-Year Consolidated Forecast | ||||
| Revenue | JPY 5.6bn | JPY 5.7bn | JPY 0.1bn | 1.8% |
| Operating Profit | JPY 560M | JPY 820M | JPY 260M | 46.4% |
| Ordinary Income | JPY 560M | JPY 840M | JPY 280M | 50.0% |
| Net Profit | JPY 330M | JPY 560M | JPY 230M | 69.7% |
| EPS | JPY 215.69/share | JPY 366.02/share | JPY 150.33/share | 69.7% |
| Dividend Forecast | ||||
| Annual Dividend per Share | JPY 80 | JPY 110 | JPY 30 | 37.5% |
The company attributed the upward revision to improved shipping market conditions in the first quarter, despite Middle East tensions affecting Panama Canal transits. More efficient vessel deployment increased the proportion of short-term charter revenue relative to cargo transport, allowing the company to capture higher market rates. Additionally, the yen weakened to 159.37 against the dollar versus the initially assumed 150 rate, boosting profit conversion. Management expects first-quarter momentum to persist through the interim period, though it cautioned that second-half results remain subject to geopolitical risks, fuel price volatility, and currency fluctuations.
The earnings upgrade supports a dividend increase to JPY 110 per share from JPY 80, reflecting management’s commitment to a minimum 30% consolidated payout ratio. However, investors should monitor macroeconomic headwinds and shipping market cyclicality, which could pressure results in the latter half of the fiscal year.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.