The Company made a downward revision of its earlier announced consolidated business outlook for FY2009 because operating costs in the containership segment including bunker prices and terminal charges increased more than expected, although recovery of freight rates and growth in trade volume have been close to expectations.
Meanwhile, the Company is now reviewing the full-year outlook for FY2009, and plans to announce it when second quarter consolidated financial results are announced (scheduled for October 27, 2009).