NEWSLETTER

August 3, 2022
Kawasaki Kisen Kaisha, Ltd.
Notice regarding Stock Split, Partial Amendment to the Articles ofIncorporation, and Revision to Dividend Forecast
Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”), announces that it has been decided
at Board of Directors meeting held on August 3, 2022 to implement a stock split, and accordingly,
partially amend the Article of Incorporation, and, to revise dividend forecast as follows.
1. Stock split(1) Purpose of the stock split
The purpose is to further expand the investor base by reducing the Company’s stock price
per investment unit, and to increase share liquidity.
(2) Method of the stock split
Each share of common stock owned by shareholders listed or recorded in the closing
register of shareholders on the record date of September 30, 2022 will be split into 3 shares
per share.
(3) Number of shares to be increased by the stock split
Total number of shares before the stock split

94,749,463 shares

Number of shares to be increased by the stock split

189,498,926 shares

Total number of shares following the stock split

284,248,389 shares

Total number of authorized shares following the stock split

600,000,000 shares(4) Schedule of the stock split
Public notice of record date

September 12, 2022(tentative)

Record date:

September 30, 2022

Effective date:

October 1, 2022

(5) Others
There will be no change in the amount of stated capital as result of this stock split.
2. Partial amendment to the Articles of Incorporation in connection with the stock split(1) Reason for the amendment
In connection with the stock split, the Company’s Articles of Incorporation will be partiallyamended effective October 1, 2022 in accordance with Article 184, Paragraph 2 of theCompanies Act.
(2) Details of the amendment
The details of the amendment are as follows:

KAWASAKI KISEN KAISHA, LTD.
ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment Management,
IR and Communication GroupNEWSLETTER(Underlined portions are the changes)
Proposed amendment

Current Articles of Incorporation

Article 6. (Total Number of Shares that may be

Article 6. (Total Number of Shares that may be

IssuedIssuedThe total number of shares that may be

The total number of shares that may be

issued shall be six hundred million

issued shall be two hundred million(600,000,000) shares.

(200,000,000) shares.

(3) Schedule of the amendment
Date of resolution of Board of Directors

August 3, 2022

Effective dateOctober 1, 2022

3. Revision to dividend forecast
In connection with the revised financial forecast on “Notice on Revision to Consolidated
Financial Forecasts for the Fiscal Year ending March 2023” announced on July 21, 2022, theCompany has revised the forecast of interim dividend, and also in connection with theaforementioned revised financial forecast and stock split mentioned above, the Company has
revised the forecast of year-end dividend as follows. The revision to the dividend forecast iseffectively an increase from the dividend forecast per share announced on May 9, 2022.
Annual dividend per share
Previous forecast

InterimFiscal year-end

Total

150.00 yen

150.00 yen

300.00 yen

300.00 yen

100.00 yen―(300.00 yen)(600.00 yen)

―

――

―

600.00 yen

600.00 yen(Announced on May9, 2022)
Revised forecast(Conversion to thepre-stock split basis)
Actual result of thecurrent fiscal year
Actual result of theprevious fiscal year
(ended March 2022)(Notes)1. The interim dividend for the fiscal year ending March 2023 which has a dividend record dateof September 30, 2022, will be paid based on the shares before the stock split.
2. The year-end dividend for the fiscal year ending March 2023 which has a dividend record dateof March 31, 2023, will be paid based on the shares following the stock split.
3. Forecast for the full-year dividend per share is not presented as simple comparisons are notpossible due to the implementation of the stock split, however, the forecast for the full-year
dividend per share based on the pre-stock split is 600.00 yen.

KAWASAKI KISEN KAISHA, LTD.
ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment Management,
IR and Communication GroupNEWSLETTER“K” LINE’s website URL: https://www.kline.co.jp/en/index.html
Note: The dividend forecast set forth in this document were calculated based on available
information at the time of announcement. Actual results may differ from the forecast
depending on various factors such as future developments in the businessenvironment.

KAWASAKI KISEN KAISHA, LTD.
ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment Management,IR and Communication Group