TOKYO -- Mitsui O.S.K. Lines now sees net profit plunging 60% in the fiscal year ending March 2026, the Japanese marine shipping company said Wednesday, as the risk to the global flow of goods by U.S. President Donald Trump's tariffs becomes more apparent.
Transportation
Mitsui O.S.K. forecasts 60% net profit drop as Trump tariffs bite
Conditions 'too chaotic' to make business decisions at the moment, CEO says
Mitsui O.S.K. estimates that tariffs will bring down profits by about 40 billion yen on a pretax basis. (Mitsui O.S.K. Lines)
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