The Tokyo-listed ro-ro owner reverseda JPY 255m ($2.75m) deficit in 2011 to reach net earnings of JPY 1.2bn thistime round.

Operating profit for the periodmore than doubled to JPY 630m while revenue rose by 5% to JPY 33bn.

Kuribayashi has maintained itsfull year forecast at JPY 1.3bn which would overturn the JPY 109m deficit seenin 2011.