NEWSLETTER

November 4, 2021
Notice on Revised of Financial Results for the full Fiscal Year ending March 2022
and Dividend policy (No Interim Dividend, Year-end dividend policy)
Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”) announces that differences arose
between the consolidated financial forecasts for the fiscal year ending March 2022 from thepreviously announced forecasts on August 4, 2021.
1. Revision of Financial Forecast
1) Consolidated Financial Forecast for the full fiscal year ending March 31, 2022 (April 1,2021 - March 31, 2022)
FY2021 (April 1, 2021 – March 31, 2022)
Profitattributable toowners of theparent pershare(yen)Operatingrevenue(million yen)

Operatingincome(million yen)

Ordinaryincome(million yen)

Profitattributable toowners of theparent(million yen)on August 4, 2021 (A)630,000

4,000

275,000

265,000

2,841.10

Latest Forecast (B)690,000

15,000390,000

370,000

3,966.83

Change (B - A)

60,00011,000115,000

105,000

Change (%)
Reference: Consolidated
results forprevious fiscal year ended
March 31st, 2021

9.5%

275.0%

41.8%

39.6%

625,486△ 21,286

89,498

108,695

Previous forecast
announced

1,165.342) Reasons for the Revision
Due to stable Drybulk transportation demand and market trend, the Company
improved business forecast from the previously announced forecasts on August 4, 2021.
Further to the above, our equity method affiliate company OCEAN NETWORK EXPRESS
PTE. LTD., that operates containership business, expects to continue robust cargo
movement and spot freight rates. The Company revised our consolidated financial
forecast for the full fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022)
consolidated financial forecasts with above reasons, and revised estimation of Operating
revenue, Operating income, Ordinary income and Profit attributable to owners of theparent accordingly.

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NEWSLETTER

2. Interim Dividend and Revision of year-end dividend forecast
Annual dividends
First quarter-

Second quarter-

Third quarter-

end

end

end

Fiscal year-end

Total

Previous forecast

Yen

Yen

Yen

Yen

Yen

(Announced on August――――――300.00

300.00―0.00

0.00

4, 2021)
Revised Forecasts
Actual results of the―

0.00―

0.00

current fiscal year
Actual result of theprevious fiscal year (Thefiscal year ended March31, 2021)

Reasons for the Revision
The Company’s second quarter result exceeded previous estimation and recorded
246,008 million yen (consolidated Profit attributable to owner of the parent)
significantly improved from previous announcement. The Company’s basic policy on
profit distribution is to stabilize mid to long term benefit to shareholders by considering
optimal capital structure, investment for future development as well as our financial
strength.
It is with sincere regret that the Company has decided to pay no interim dividend.
For the year-end dividend, the Company announces its policy that to pay 300 yen per
share dividend.
For further information, please contact:
Kentaro Tsuji
General Manager, Corporate Planning Group
Tel: +81-3-3595-5594
Kawasaki Kisen Kaisha, Ltd. (“K” LINE)“K” LINE’s 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