NEWSLETTER

August 4, 2021
Notice on Differences between Consolidated Financial Forecasts
for the Fiscal Year ending March 2022
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 June 22, 2021.
1. Differences from Financial Forecasts
1) Differences from Consolidated Financial Forecasts for the cumulative 2nd quarter offiscal year ending March 31, 2022 (April 1, 2021 - September 30, 2021)
FY2021 2nd quarter （April 1, 2021 - September 30, 2021）
Profitattributable toowners of theparent pershare(yen)Operatingrevenue(million yen)

Operatingincome(million yen)

Ordinaryincome(million yen)

Profitattributable toowners of theparent(million yen)on June 22, 2021 (A)297,500

7,000

159,000

170,000

1,822.59

Latest Forecast (B)340,000

9,000

200,000

214,000

2,294.32

Change (B - A)

42,5002,000

41,00044,000Change (%)
Reference: Consolidated
cumulative results for 2ndquarter
prior fiscal year ended
March 31st, 2021

14.3%

28.6%

25.8%

25.9%

300,101△ 10,202

9,978

9,629

Previous forecast
announced103.242) Differences from Consolidated Financial Forecasts for the 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 June 22, 2021 (A)570,000

0200,000

190,000

2,037.01

Latest Forecast (B)630,0004,000

275,000

265,000

2,841.10

Change (B - A)

60,0004,000

75,00075,000Change (%)
Reference: Consolidated
results forprior fiscal year ended
March 31st, 2021

10.5%

-37.5%

39.5%

625,486△ 21,286

89,498

108,695

Previous forecast
announced

KAWASAKI KISEN KAISHA, LTD.

ｻｽﾃﾅﾋﾞﾘﾃｨ推進・IR・広報ｸﾞﾙｰﾌﾟ

1,165.34

Corporate Sustainability, IR and Communication GroupNEWSLETTER

2. Reason for Differences
Due to stable Drybulk transportation demand and market trend, the Company
improved business forecast from the previously announced forecasts on June 22, 2021.
Further to 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 forcumulative 2nd quarter of the fiscal year ending March 31, 2022 (April 1,2021 toSeptember 30, 2021) as well as full fiscal year ending March 31, 2022 (April 1, 2021 toMarch 31, 2022) consolidated financial forecasts with above reason and revised
estimation of Operating revenue, Operating income, Ordinary income and Profit
attributable to owners of the parent accordingly.
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