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.

  • Inui losses lower

    Inui Steamship has continued to cut its net losses at the nine month mark to JPY 471m ($4.6m) on the way to its target of a JPY 200m net profit by the end of the year. At the same point last year its losses were JPY 846m.
  • Inui loss falls

    Inui Steamship of Japan has slashed its loss in the first half as revenue improved.
  • Inui loses more

    Inui Steamship has logged a deeper full-year loss as revenue fell away.