Japan's Toei Reefer Line has posted a drop in annual earnings as revenue fell back.
Net profit in the 12 months to 31 March was JPY 428m, ($3.91m) against JPY 569m in the previous year.
Revenue declined to JPY 7.24bn against JPY 9.24bn.
For the current year, it is forecasting a profit of JPY 450m from JPY 7.6bn of revenue.
