NEWSLETTER

February 2, 2024
Notice on Revision to Dividend Forecast
for the Fiscal Year Ending March 2024 and 2025
Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”) decided to revise the year-end
dividend forecast for the fiscal year ending March 2024 and 2025, which was announced
on May 8, 2023. The details of this notice are as follows.
1. Revision of Dividend Forecast
Annual dividend per share (Yen)InterimFiscalTotal

year-end
Current

Prior forecast

fiscal year

（Announced on May 8, 2023）*(4)100.00200.00150.00250.00100.00――TBA

TBA(endedMarch 31,Revised forecast2024)
Actual result
Next fiscal

Prior forecast *(4)year（Announced on May 8, 2023）(endedMarch 31,2025)

120.00(basic dividend 120)250.00

Revised forecast *(5)Actual result of the prior fiscal year
(ended March 31, 2023) *(1), (2), (3)

TBA

TBA

(basic dividend 120)
(additional dividend 130)300.00300.00―（Notes*）(1) The Company implemented a 3-for-1 stock split of common shares on October 1,2022.
(2) The interim dividend for the fiscal year ended March 2023 which has a dividendrecord date of September 30, 2022, were paid based on the shares before the stock
split.
(3) The full-year dividend for the fiscal year ended March 2023 per share is not presented
as simple comparisons are not possible due to the implementation of the stock split,
however, the full-year dividend per share based on the shares following the stock
split is 400.00 yen.
(4) It is stated in "Consolidated Financial Results for the Fiscal Year Ended March 31,
2023 (Under Japanese GAAP) (Unaudited)" announced on May 8, 2023.
(5) As stated in the "Notice regarding Stock Split and Partial Amendment to the Articles

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NEWSLETTERof Incorporation" announced today, a stock split will be conducted at a ratio of 3
shares for every 1 share of common stock, effective from April 1, 2024. However,
the revised forecast of annual dividend per share of 250.00 yen for the fiscal year
ending March 31, 2025 is stated based on the pre-split basis.
2. Reasons for the Revision
Our basic policy is to improve shareholder profits over the medium and long terms byproactively promoting shareholder returns, including share buyback. This is done bytaking cash flow into consideration and ensuring the investment level and financial
stability necessary to improve our corporate value while being conscious of optimal
capital structure and cash allocation.
Based on this basic policy, regarding dividend for the fiscal year ending March 31, 2024,
the Company plans payment of a year-end dividend of 150.00 yen per share which increased
by 50.00 yen per share of prior forecast. Additionally, for the fiscal year ending March 31,
2025, forecast of annual dividend will be increased from basic dividend of 120.00 yen per
share announced previously to an additional dividend of 130.00 yen per share, resulting in250.00 yen per share (pre-split basis).
A year-end dividend for the fiscal year ending March 31, 2024 will be implemented subject

to the resolution at the Ordinary General Meeting of Shareholders scheduled in June,
2024.
For further information, please contact:
Atsushi Takenoshita
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 dividend forecast 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・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ

Corporate Sustainability, Environment
Management, IR and CommunicationGroup