Japan’s Toei Reefer Line has posted a lower profit over the first nine months as revenue declined.

Net earnings to 31 December were JPY 304m ($2.6m), from JPY 476m in the same period of 2014.

Revenue dropped to JPY 5.22bn against JPY 7.2bn a year ago.

Its full-year profit forecast was left unchanged at JPY 450m, against an actual result of JPY 596m in the previous 12 months.