NYK：争论焦点转向什么才算正常年份
NYK – the argument now is over what a normal year looks like
NYK将股息提高至每股¥330，但公司指引显示下半年利润将下降超过40%，“正常年份”的盈利表现成为市场争论焦点。Morgan Stanley按正常年份对NYK的估值不到今年的一半，并认为截至2028年3月的财年存在股息削减风险；JP Morgan的估值接近股价。
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By Lawrence Lim
6 November 2026
NYK has raised its dividend to ¥330 a share on a year swollen by the closure of the Strait of Hormuz and strong container rates, but its own guidance has second-half profit falling by more than 40%. Morgan Stanley values the company on a normal year worth less than half of this one and sees a risk the dividend is cut in the year to March 2028; JP Morgan’s valuation sits close to the share price, and NYK’s own ...
来源：The Loadstar · theloadstar.com