The shipowner recorded a loss of JPY 4.85bn ($43m), better than the JPY 11.53bn red figure at this stage a year ago.

For the fiscal year Daiichi says it expected to post a loss of JPY 5.70bn, which would be two thirds better than in the previous full year despite lower revenue expectations.

Its operating loss of JPY 6.60bn will be lower than the JPY 8.58bn