Nippon Yusen Kabushiki Kaisha (TYO:9101) posted a 34% year-over-year increase in attributable profit for the fiscal first quarter to 67.1 billion yen from 50.2 billion yen.
Profit per share was 166.10 yen, compared with 116.74 yen a year earlier, according to a Tokyo bourse filing on Wednesday.
Revenue rose 21% to 727.7 billion yen from 600.9 billion yen for the three months ended June 30.
The logistics company raised its full-year attributable profit forecast to 240.0 billion yen from 195.0 billion yen, revenue to 2.881 trillion yen from 2.605 trillion yen and EPS to 594.49 yen.
The revision was due to better expectations in several of its business segments, including container shipping as well as air and ocean freight forwarding.
The company plans to pay interim and year-end dividends of 120 yen per share each for the current year, which is higher from the year-ago period.
Shares of the company fell more than 4% in recent trade.