OREANDA-NEWS. Mitsui O.S.K. Lines, Ltd. announced FY2013 1st quarter Results.

As a result of the above, we recorded revenue for the first quarter of 411.9 billion yen, operating income of 11.4 billion yen, ordinary income of 16.8 billion yen and net income of 14.5 billion yen. This was a significant year-on-year improvement in our business performance. The following is a summary of business conditions including revenue and ordinary income/loss per business segment.

Consolidated assets as of June 30, 2013, were 2,215.8 billion yen, an increase of 51.1 billion yen from the end of the previous fiscal year. This mainly reflects an increase in construction in progress, attributable to fleet enhancement related investments.

Consolidated liabilities as of June 30, 2013, were 1,551.1 billion yen, an increase of 5.9 billion yen from the end of the previous fiscal year. This was mainly due to an increase in long-term bank loans.

Consolidated net assets as of June 30, 2013, were 664.6 billion yen, an increase of 45.2 billion yen from the end of the previous fiscal year. This was mainly due to an increase in retained earnings and unrealized gains on hedging derivatives and foreign currency translation adjustments. As a result, shareholder’s equity ratio was 26.1%, up 1.4% from the end of the previous fiscal year