NYK Line said it is expecting to see a near 75% decline in net profit for the fourth quarter of this year compared with a year ago as the liner market continues to deteriorate.
Net income for the past three months of the fiscal year is expected to be just ¥79.7bn ($620m) against the ¥316.8bn achieved a year earlier.
NYK Line expects recurring profit at its liner operation to slump to just ¥38.3bn
