The Tokyo-listed ro-ro owner reversed a JPY 108m ($1m)deficit in the previous year to reach net earnings of JPY 1.1bn this timeround.

Operating profit for the period jumped by nearly 50% to JPY 394mwhile revenue rose by 4.7% to JPY 43.8bn.

Kuribayashi is not too optimistic about next year’sprospects and sees net earnings plunging by nearly two third to JPY 400m.