Mitsui O.S.K. Lines, Ltd. Announces Revision of FY2014 Outlook

Mitsui O.S.K. Lines, Ltd. today announced a revision of the consolidated business outlook for F Y2014 (April 1, 2014 to March 31, 2015), issued on April 30, 2014, as follows:

Reason for revision of outlook
The Company announced a downward revision of its previous consolidated business outlook for the first half of FY2014 because it anticipates signify cant deterioration of business performance due to factors such as continued weak supply/demand conditions in the containership business and a continuing downturn in the bulker market.

In a revised full-year outlook, because of downward revisions in the consolidated results of the first half and taking the external business climate forecasted in and after the third quarter period into account, the Company reduced the initial outlook.

Note: The above future outlook is issued by the Company on the basis of currently available information as of the announcement date. Please note that the actual results may differ from this outlook due to various factors in the future.

Source: Mitsui O.S.K. Lines, Ltd