NEWSLETTER

July 21, 2022
Notice on Revision to Consolidated Financial Forecasts
for the Fiscal Year ending March 2023
Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”) announces that differences arose
between the consolidated financial forecasts for the fiscal year ending March 2023 from thepreviously announced forecasts on May 9, 2022.
1. Revision of Financial Forecasts
1) Consolidated Financial Forecasts for the cumulative 2nd quarter of fiscal year ending
March 31, 2023 (April 1, 2022 - September 30, 2022)
FY2022 2nd quarter （April 1, 2022 - September 30, 2022）
Profitattributable toowners of theparent pershare(yen)Operatingrevenue(million yen)

Operatingincome(million yen)

Ordinaryincome(million yen)

Profitattributable toowners of theparent(million yen)on May 9, 2022 (A)410,000

25,000310,000

305,000

3,269.97

Latest Forecast (B)470,000

39,000500,000

495,000

5,281.11

Change (B - A)

60,00014,000190,000

190,000

Change (%)
Reference: Consolidated
cumulative results for 2nd
quarterprior fiscal year ended
March 31st, 2022

14.6%

56.0%

61.3%

62.3%

357,556

10,182238,014

246,008

Previous forecast
announced

2,637.492) Consolidated Financial Forecasts for the fiscal year ending March 31, 2023 (April 1,2022 - March 31, 2023)
FY2022 (April 1, 2022 – March 31, 2023)
Profitattributable toowners of theparent pershare(yen)Operatingrevenue(million yen)

Operatingincome(million yen)

Ordinaryincome(million yen)

Profitattributable toowners of theparent(million yen)on May 9, 2022 (A)780,000

41,000470,000

460,000

4,931.76

Latest Forecast (B)890,000

57,000700,000

690,000

7,349.22Change (B - A)

110,000

16,000230,000

230,000

Change (%)
Reference: Consolidated
results forprior fiscal year ended
March 31st, 2022

14.1%

39.0%

48.9%

50.0%

756,983

17,663

657,504

642,424

Previous forecast
announced

6,887.54

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

2. Reason for the Revision
Due to stable Drybulk and Logistics transportation demand and market trend, theCompany improved business forecast from the previously announced forecasts on May 9,2022. 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 for cumulative 2nd quarter of the fiscal year ending March 31, 2023 (April 1,2022to September 30, 2022) as well as full fiscal year ending March 31, 2023 (April 1, 2022 toMarch 31, 2023) 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.

[Reference purpose only]This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

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