Jefferies raises target for NYK Line stock from JPY 6,200 to JPY 7,700

Jefferies raised its target for NYK Line stock from JPY 6,200 to JPY 7,700 on September 27, 2026, while keeping a Hold rating, according to JPX Nikkei 400. The revision gives investors a fresh benchmark after NYK Line delivered a sharp first-quarter earnings increase.

Revenue growth sets the tone

In the first quarter of fiscal 2026, covering April through June 2026, revenue reached JPY 727.60 billion, up JPY 126.70 billion or 21.10 percent from the same period a year earlier, according to IR Note. Operating profit rose to JPY 57.70 billion, an increase of 69.90 percent year over year, showing that profit growth outpaced sales growth.

Quarterly net profit attributable to owners of the parent was JPY 67.10 billion, up 33.50 percent from the prior-year quarter, while ordinary profit increased to JPY 71.20 billion, according to IR Note. Dry bulk and energy transport benefited from firmer market conditions, but higher fuel and procurement costs weighed on container ship and car carrier operations.

Forecast and shipping risks

The same fiscal 2026 review reported an upward revenue forecast of JPY 2.881 trillion and a net profit forecast of JPY 240.00 billion. The comparison is important because the revised net profit forecast was JPY 45.00 billion above the previous forecast, linking the stronger quarter to a higher full-year earnings baseline.

NYK Line is also developing carbon capture and storage transport infrastructure. On September 15, 2026, the company joined five partners in securing approval in principle for a low-pressure liquefied carbon dioxide carrier based on a 42,000-cubic-meter design, as MarketScreener reported. The project adds a longer-term logistics angle, although approval in principle remains a design and safety milestone rather than a reported vessel order.

Next results arrive November 5

NYK Line's investor-relations schedule lists November 5, 2026, for fiscal highlights covering the second quarter ended September 30, 2026, according to NYK Line. That date will provide the next test of whether energy and dry bulk strength can offset cost pressure in container shipping and automotive transport.

Prior close remains the price anchor

The prior close at Lang & Schwarz was EUR 40.00 on October 5, 2026. The October 6, 2026 data date places that level before the October 7 publication date, so the next scheduled results and the JPY 7,700 target provide the clearest dated reference points for the stock.

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