Annual Report 1999 (For year ended March 31,1999)

"K" Line Group 

Business Company Name "K" Line's
Ownership
(%)*
   Paid-in Capital
(millions)
   Revenue
(millions)

DOMESTIC
Marine Transportation * Badak LNG Transport, Inc. 25.0           ¥400     ¥8,736
* Heiwa Kisen Kaisha, Ltd. 46.7           ¥225     ¥14,387
* Kawasaki Kinkai Kisen Kaisha, Ltd. 51.3           ¥2,369     ¥23,828
* Kobe Nippon Kisen Kaisha, Ltd. 51.2           ¥1,200     ¥8,385
* Taiyo Kaiun Kabushiki Kaisha 41.5           ¥1,500     ¥5,202

Shipping Agency * "K" Line Agency, Ltd. 100.0           ¥300     ¥21
Shimizu Kawasaki Transportation Co., Ltd. 50.0           ¥10     ¥277

Ship Management * "K" Line Ship Management Co., Ltd. 100.0           ¥50     ¥8,814

Harbor Transportation * Daito Corporation 84.6           ¥842.5     ¥24,741
* Hokkai Unyu Co., Ltd. 58.2           ¥60     ¥7,494
* Naigai Unyu Co., Ltd. 100.0           ¥180     ¥4,934
* Nitto Tugboat Co., Ltd. 66.6           ¥150     ¥3,194
* Nitto Total Logistics., Ltd. 100.0           ¥870     ¥11,120
* Shinto Transportation Co., Ltd. 100.0           ¥90     ¥2,080
* Kokusai Logistics Co., Ltd. 32.8            ¥280     ¥1,369
* Tokyo Kokusai Koun Kaisha, Ltd. 70.0           ¥75     ¥1,436
* Rinko Corporation 21.5           ¥1,950     ¥14,793
* Shibaura Kaiun Co., Ltd. 100.0           ¥10     ¥552

Warehousing * "K" Line Logistics Hokkaido Co., Ltd. 100.0           ¥300     ¥91
* Rokko Warehouse & Transport Co., Ltd. 40.0           ¥500     ¥525

Air Agency * "K" Line Air Service, Ltd. 90.0           ¥400     ¥24,674

Financing * "K" Line Management Service, Ltd. 100.0           ¥200     ¥552

Land Transportation * Japan Express Transportation Co., Ltd. 90.0           ¥180     ¥6,362
* Shinto Freight Corporation 100.0           ¥30     ¥1,352
* Maizuru Kousoku Yusou Co., Ltd. 92.0           ¥25     ¥782

Container Repairing * Intermodal Engineering Co., Ltd. 100.0           ¥40     ¥1,075

Computer-related Business KIS Corporation 40.0           ¥30     ¥759
"K" Line Marine Data Service Co., Ltd. 100.0           ¥40     ¥436

Other Business * "K" Line Engineering Co., Ltd. 100.0           ¥50     ¥1,776
* Kawaki Kosan Kaisha, Ltd. 100.0           ¥30     ¥1,131
Kobe Paints, Ltd. 20.0            ¥150     ¥2,952
Marine Radio Service, Ltd. 100.0           ¥10     ¥466
* Shinki Co., Ltd. 100.0           ¥80     ¥2,549

*: Consolidated Subsidiaries   *: Affiliates Consolidated by Equity Method   *Includes Holdings of Subsidiaries