Tokyo April 23, 1999Kawasaki Kisen Kaisha, Ltd.
Code No. 9107
Registered Head Office: 8, Kaigan-dori, Chuo-ku, Kobe
Head Office: 2-9, Nishi-shinbashi 1-chome, Minato-ku, Tokyo
For detailed information feel free to contact Tetsuo Shiota, General Manager
Finance and Accounting Department, Finance Group
Tel.03-3595-5658 (direct) |
|
Valuing the marketable securities
at cost, we have figured out their gross unrealized losses from revaluation.
We would like to inform you as follows:
For your guidance, any under-mentioned fractional sum of less than a million yen is
discarded.
| A. |
gross unrealized losses of
marketable securities at the close of accounting as of Mar.31, 1999 |
|
¥12,886 million |
| B. |
a total of assets at the close of
accounting as of Mar.31,1998 |
| |
(A/B×100) |
|
¥258,367
million
(5.0%) |
| C. |
ordinary profit at the close of
accounting as of Mar.31,1998 |
| |
(A/C×100) |
|
¥10,258
million
(125.6%) |
| D. |
net profit at the close of
accounting as of Mar.31, 1998 |
| |
(A/D×100) |
|
¥2,244
million
(574.0%) |
Attention :
The above unrealized appraisal losses only apply to the marketable securities excluding
those of the subsidiaries, the stock prices of which are quoted on the Stock Exchanges
here in Japan. The above figure under A. corresponds to the differential between ¥34,823
million (book value) and ¥21,937 million (market value).
For your guidance :
| (1) |
The Company's close of fiscal year
is on Mar. 31. |
| (2) |
Unrealized appraisal gains of
marketable securities before and after deduction by unrealized appraisal losses are : |
| E. |
gross unrealized appraisal gains of
marketable securities at the close of accounting as of Mar.31, 1999 |
|
¥16,307
million |
| F. |
net unrealized appraisal gains of
marketable securities after reduction by gross unrealized appraisal losses at the close of
accounting as of Mar.31, 1999(E-A) |
|
¥3,421
million |
Your kind attention to and
understanding of the above is highly appreciated. |