Mitsui OSK Lines Ltd. announced consolidated earnings results for the fourth quarter and year ended March 31, 2016 and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported revenues of JPY 1,712,222 million against JPY 1,817,069 million a year ago. Operating income was JPY 2,323 million against JPY 17,249 million a year ago. Ordinary income was JPY 36,267 million against JPY 51,330 million a year ago. Loss before income taxes and non-controlling interests was JPY 154,385 million against income before income taxes and non-controlling interests of JPY 58,332 million a year ago. Loss attributable to owners of the parent was JPY 170,447 million against profit attributable to owners of the parent of JPY 42,356 million a year ago. Net loss per share was JPY 142.50 against JPY 35.42 a year ago. Net cash provided by operating activities was JPY 209,189 million against JPY 92,494 million a year ago. Purchase of vessels and other tangible and intangible fixed assets was JPY 123,839 million against JPY 186,317 million a year ago. Negative return to shareholders' equity was 25.8% against return to shareholders' equity of 5.8% a year ago. Rate of ordinary income on assets was 1.5% against 2.1% a year ago.

For the fourth quarter, on consolidated basis, the company reported revenues of JPY 395,088 million against JPY 472,163 million a year ago. Operating loss was JPY 7,263 million against operating income of JPY 9,699 million a year ago. Ordinary loss was JPY 2,525 million against ordinary income of JPY 21,544 million a year ago. Loss before income taxes was JPY 181,950 million against income before income taxes of JPY 20,036 million a year ago. Loss attributable to owners of the parent was JPY 183,741 million against profit attributable to owners of the parent of JPY 17,471 million a year ago. Net loss per share was JPY 153.62 against JPY 14.61 a year ago.

For the year, on non-consolidated basis, the company reported revenues of JPY 1,200,518 million against JPY 1,275,969 million a year ago. Operating loss was JPY 14,255 million against JPY 12,129 million a year ago. Ordinary income was JPY 5,691 million against JPY 23,929 million a year ago. Net loss was JPY 193,748 million against net income of JPY 17,883 million a year ago. Net loss per share was JPY 161.98 against JPY 14.95 a year ago.

The company announced a year-end dividend of JPY 1.50 per share for the fiscal year ended March 31, 2016.

The company expects to pay a dividend of JPY 2.00 per share for the second quarter of fiscal year ending March 31, 2017.

The company expects to pay a year-end dividend of JPY 2.00 per share for the fiscal year ending March 31, 2017.

For the first half year of fiscal 2016, the company expects revenues of JPY 759,000 million, operating loss of JPY 500 million, ordinary income of JPY 7,500 million and profit attributable to owners of the parent company of JPY 7,500 million or JPY 6.27 per share.

For the fiscal year ending March 31, 2017, the company expects revenues of JPY 1,516,000 million, operating income of JPY 3,000 million, ordinary income of JPY 20,000 million and profit attributable to owners of the parent company of JPY 20,000 million or JPY 16.72 per share.