Japanese owner Hyoki Kaiun Kaisha’s nine-month profit has fallen, but the full year is looking stronger.



The coastal cargoship operator said it made JPY 37m ($480,000) to 31 December, compared to JPY 39m in the same three quarters of 2010.



Revenue rose to JPY 9.87bn against JPY 9.48bn the year before.



It is forecasting earnings of JPY 80m for the year to 31 March, from JPY 45m in 2010.