Inui in black for now

Japan’s Inui Steamship has returned to the black in 2013.
Inui: Profitable in fiscal 2013.

Inui: Profitable in fiscal 2013.

Its time in positive territory however is set to be short with losses tipped to return in the present financial year.

Inui booked a profit of JPY 380m ($3.73m) in the year to 31 March, overturning the JPY 3.34bn deficit of fiscal 2012.

It came as revenue improved by a third to JPY 16.49bn.

Its top line is projected to continue growing to reach JPY 18.50bn in fiscal 2014. However, a loss of JPY 770m is expected on the bottom line.

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