NEWSLETTER

July 31, 2018
Notice of Differences from Previously-Announced Forecast of Financial Resultsfor First Half of Fiscal Year ending March 2019,and Forecast for Interim Dividend for fiscal year ending March 2019
Kawasaki Kisen Kaisha, Ltd. (“K” Line) announces that forecast of consolidated financial
results for first half of fiscal year ending March 2019 which we announced on April 27, 2018, hasbeen revised as set forth below in paragraph 1); also that at Board of Directors meeting today, an
update has been issued to Interim Dividend forecast as provided below in paragraph 2).
1. Differences from Forecast of Consolidated Financial Results for the First Half
1) Differences in Forecast of financial results (April 1,2018 - September 30, 2018)
First Half
Operatingrevenues(million yen)

Operatingincome (loss)(million yen)

Ordinary
income (loss)(million yen)

Profit (loss)
attributable toowners of theparent(million yen)

Forecast announced previously on April 27, 2018 (A)382,000△ 7,500△ 9,000

2,500

26.80

Results (B)411,500△ 10,000△ 12,000△ 15,000△ 160.82

Change (B – A)

29,500△ 2,500△ 3,000△ 17,500△ 187.62

Change (%)

7.72%

----

11,146

13,175

Reference: Consolidated results for prior fiscal year
(1st half in fiscal year ended September 30, 2017)578,928

6,247

Profit (loss)
attributable toowners of theparent per share(yen)140.782) Reason for the Difference
The Company has decided to revise forecasts of consolidated financial results in first half of thefiscal year ending March 31, 2019 (Fiscal 2018), because containership business earnings werelower than expected due to an increase in expenses in first quarter and also because Company’s
earnings from its equity in OCEAN NETWORK EXPRESS (hereinafter referred to as “ONE”) in
the first half were lower than expected.
Revision of the forecast of profit (loss) attributable to owners of the parent is due to a change in
expected timing of the occurrence of extraordinary profit (loss) including but not limited to thetransfer of overseas terminal businesses to ONE.
We have decided to leave forecasts of full-year financial results in Fiscal 2018 unchanged, but
we will announce in due course once we decide if revision is necessary after watching futurebusiness performances.
2. Forecast for Interim Dividend for fiscal year ending March 20191) Details of Dividend Forecast

KAWASAKI KISEN KAISHA, LTD.
ＩＲ・広報グループ

IR & PR GroupNEWSPrevious Forecast(Announced on April 27, 2018)

LETTER

Annual Dividend per share
Interim Dividend
Year-End Dividend

Annual Total(Undetermined)(Undetermined)(Undetermined)

0.00 yen(Undetermined)(Undetermined)

0.00 yen

0.00 yen

0.00 yen

Latest Forecast
Current Period Actual
Previous Year Actual(Fiscal year ended March 31, 2018)

2) Reason for Dividend Forecast
Our important management task is to maximize returns to our shareholders while maintaining
necessary internal reserves to fund investment for sustainable growth and strengthen our financial
position. However, while leaving unchanged the forecasts of full-year financial results, it is withsincere regret that the Company announces it has decided to pay no interim dividend inconsideration of the revision of forecasts of results in the first half of Fiscal 2018. The year-end
dividend remains yet to be determined. We will update you again in due course once further
judgment has been made as to dividend payment forecast after comprehensively taking into
consideration the full-year forecasts and the Company’s financial conditions.
For further information, please contact:
Takenori Igarashi
General Manager, Corporate Planning Group
Tel: +81-3-3595-5594 Fax: +81-3-3595-5175
Kawasaki Kisen Kaisha, Ltd. (“K” Line)

Masaya Futakuchi
General Manager, IR & PR Group
Tel: +81-3-3595-5189 Fax: +81-3-3595-5001
Kawasaki Kisen Kaisha, Ltd. (“K” Line)“K” Line’s website URL http://www.kline.co.jp
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 theforecast depending on various factors such as future developments in the businessenvironment.

KAWASAKI KISEN KAISHA, LTD.
ＩＲ・広報グループ

IR & PR Group