The Japanese tug owner expects to book a gain of JPY 690m ($6m) in the 12 months to 31 March, 2015, while the previous forecast was JPY 732m.

But it is taken for granted that the company’s profit will slip since last year earnings were JPY 766m.

Tokyo Kisen said full year revenue will be JPY 12.6bn, down from JPY 12.9bn in the corresponding period.

As