Kawasaki Kisen Kaisha, Ltd. Revises Consolidated Earnings Guidance for the Second Quarter Ended September 30, 2021 and Fiscal Year Ending March 31, 2022
August 03, 2021 at 10:30 pm EDT
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Kawasaki Kisen Kaisha, Ltd. revised consolidated earnings guidance for the second quarter ended September 30, 2021 and fiscal year ending March 31, 2022. For the second quarter ended September 30, 2021, the company expects Operating revenue of JPY 340,000 million against JPY 297,500 million as previously forecasted. Operating income is expected to be JPY 9,000 million against JPY 7,000 million as previously forecasted. Profit attributable to owners of the parent is expected to be JPY 214,000 million against JPY 170,000 million as previously forecasted. Profit attributable to owners of the parent per share is expected to be JPY 2,294.32 against JPY 1,822.59 as previously forecasted.
For the fiscal year ending March 31, 2022, the company expects Operating revenue of JPY 630,000 million against JPY 570,000 million as previously forecasted. Operating income is expected to be JPY 4,000 million. Profit attributable to owners of the parent is expected to be JPY 265,000 million against JPY 190,000 million as previously forecasted. Profit attributable to owners of the parent per share is expected to be JPY 2,841.10 against JPY 2,037.01 as previously forecasted.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).
Kawasaki Kisen Kaisha, Ltd. Revises Consolidated Earnings Guidance for the Second Quarter Ended September 30, 2021 and Fiscal Year Ending March 31, 2022