The Japanese shipping conglomerate has to contend with a net loss of JPY72.82bn ($907.39m) in the fiscal year ended 31 March 2012, a swing from a net profit of JPY78.54bn in the previous year.
NYK Line's full year revenue dropped to JPY1.81trn from JPY1.93trn.
Despite the poor results, NYK Line expects to return to profit in the financial year ending 31 March 2013 but it did not disclose a projected figure.
“Although NYK Line incurred a net loss in the fiscal year ended 31 March 2012, the environment surrounding the shipping industry is showing signs of improvement,” it said.
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