Japan's Namura Shipbuilding is expecting a much better annual result than previously forecast.

It said net earnings for the year ended 31 March will now be around JPY 621m ($5.65m), against a forecast loss of JPY 500m before.

Namura posted a loss of JPY 20.55bn in the previous 12 months.

Revenue is expected to be JPY 124.58bn, down from an actual income of JPY 134.88bn