Kawasaki Kisen Kaisha : Notice on Differences between Consolidated Financial Forecasts for the Fiscal Year ending March 2022

N E W S L E T T E R

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 the previously announced forecasts on June 22, 2021.

1. Differences from Financial Forecasts

1. Differences from Consolidated Financial Forecasts for the cumulative 2nd quarter of fiscal year ending March 31, 2022 (April 1, 2021 - September 30, 2021)

	FY2021 2nd quarter （April 1, 2021 - September 30, 2021）
				Profit	Profit
				attributable to
	Operating	Operating	Ordinary	attributable to
	owners of the
	revenue	income	income	owners of the
	parent per
	(million yen)	(million yen)	(million yen)	parent
	share
				(million yen)
				(yen)
Previous forecast
announced
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)	42,500	2,000	41,000	44,000
Change (%)	14.3%	28.6%	25.8%	25.9%
Reference: Consolidated
cumulative results for 2nd
quarter	300,101	△ 10,202	9,978	9,629	103.24
prior fiscal year ended
March 31st, 2021

1. 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)
				Profit	Profit
				attributable to
	Operating	Operating	Ordinary	attributable to
	owners of the
	revenue	income	income	owners of the
	parent per
	(million yen)	(million yen)	(million yen)	parent
	share
				(million yen)
				(yen)
Previous forecast
announced
on June 22, 2021 (A)	570,000	0	200,000	190,000	2,037.01
Latest Forecast (B)	630,000	4,000	275,000	265,000	2,841.10
Change (B - A)	60,000	4,000	75,000	75,000
Change (%)	10.5%	-	37.5%	39.5%
Reference: Consolidated
results for	625,486	△ 21,286	89,498	108,695	1,165.34
prior fiscal year ended
March 31st, 2021

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

N E W S L E T T E R

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 for cumulative 2nd quarter of the fiscal year ending March 31, 2022 (April 1,2021 to September 30, 2021) as well as full fiscal year ending March 31, 2022 (April 1, 2021 to March 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: [phone]

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