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
- 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 |
- 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.
サステナビリティ推進・IR・広報グループ 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: +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.
KAWASAKI KISEN KAISHA, LTD.
サステナビリティ推進・IR・広報グループ Corporate Sustainability, IR and Communication Group
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K Line - Kawasaki Kisen Kaisha Ltd. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 02:35:05 UTC.