In April 2011, the "K" Line Group adopted " "K" LINE Vision 100 - A New Challenge " in order to respond to structural changes in markets and the future expansion of demand. However, the containership and dry bulk markets have deteriorated markedly, and the Great East Japan Earthquake, the high value of the yen, and rising fuel oil prices resulted in the Company reporting a net loss for fiscal year 2011.
In response to these developments, in April 2012, the "K" Line Group adopted " "K" LINE Vision 100 : Bridge to the Future " as a newly reformed medium-term management plan with three priority tasks: returning to profitability in fiscal year 2012, establishing stable earnings structures, and strengthening the Company’s financial standing.
In following the Five Fundamental Tasks that remain ongoing issues in the new medium-term management plan, the entire "K" Line Group is committed to working together on the three priority tasks to achieve "synergy for all and sustainable growth"- the main theme of " "K" LINE Vision 100 " and will strive to the utmost to restore profitability and resume the payment of dividends in 2012.
A. Current Three Missions :
B. Current Five Strategies:
C. Current Five Missions (to be continued):
Principle numerical targets are as follows:
|Operating Revenues||(billion yen)||972||1,120||1,070||1,110|
|Ordinary Profit||(billion yen)||-49.0||12||39||60|
|Net Profit||(billion yen)||-41.4||11||25||42|
|Shareholders' Equity||(billion yen)||243||260||280||330|
|Interest-bearing Debt||(billion yen)||593||580||540||490|
|Operating CF||(billion yen)||-2.9||67||90||113|
|Investment CF||(billion yen)||-83.2||-50.0||-50.0||-50.0|
|Interest-bearing debt /
|Fuel oil Price||(US$/MT)||672||720||650||650|
Change from previous plan 'New Challenges' (decrease of Investment CF)
|Investment CF||(billion yen)||11.8||30.0||15.0||-|
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