NEWSLETTER

May 10, 2021
Notice on recording the provision for losses from Containerships charteringand appropriation of Dividends (no dividends) from Retained Earnings
Kawasaki Kisen Kaisha, Ltd. (hereinafter “the Company”) announces that it has been
decided at Board of Directors meeting held today to record the provision for losses related tocontainerships chartering as well as to pay no year-end dividend on March 31st, 2021 asrecord date.
1. Provision for Losses (Operating Expenses) from Containerships chartering
The Company has chartered the containerships to OCEAN NETWORK EXPRESS PTE. LTD.,(hereinafter “ONE”). It is expected to incur the losses arose from the contract rate
differential affected by market condition, between the Company and shipowners andbetween shipowners and ONE, therefore, it has been decided to record the provision forlosses of 15,556 million yen related to such back spread as rationally estimable amount. This
amount is incorporated in the financial result for fiscal year 2020 announced today.
2. Decision of Dividend (no dividends) from Retained Earnings1) Contents of the Decision
Most recent dividend
Amount determined

forecast (announced
on February 3rd, 2021)

Actual dividend in theprevious fiscal year

Record date

March 31st, 2021

same as left

March 31st, 2020

Dividend per share

0.00 yen(Undetermined)

0.00 yen

Total amount of dividends---

Effective date---

Source of funds for dividends---2) Reason
The Company announced today that our consolidated financial result was significantly
improved from initial expectation due to favorable business result of ONE and extraordinary
profit by transfer of subsidiary share of overseas terminal which announced earlier. Thecompanyʼs profit attributable to owners of the parents for fiscal year ended March 31st, 2021
was 108,695 million yen.

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

Corporate Sustainability, IR and Communication GroupNEWSLETTERThe Companyʻs important management task is to maximize returns to our shareholders byimplementing stable dividend. However, the Companyʼs basic dividend policy is tocomprehensively take all into consideration such as future business condition, investment
for sustainable growth and future financial conditions to tackle on the improvement of mid tolong term Shareholdersʼ interests. Based on this policy, it is with sincere regret that theCompany announces it has decided to pay no dividend for the current fiscal year ending
March 31, 2021. With sincerest apologies to all shareholders, the Company further strives
to improve the financial positions as well as to strengthen the capital base with a view toearly resuming dividend payment.
For further information, please contact:
Kentaro Tsuji
General Manager, Corporate Planning Group
Tel: +81-3-3595-5594
Kawasaki Kisen Kaisha, Ltd. (“K” LINE)“K” Lineʼs website URL: https://www.kline.co.jp/en/index.html
Note: The forecasts of financial results 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 business environment.

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

Corporate Sustainability, IR and Communication Group