Tokyo October 22, 1999
Kawasaki 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 Hiroyuki Kikuhara, General Manager
Finance Department
Tel: 03-3595-5610 (direct)

Re Unrealized Losses from Appraisal of Marketable Securities
at the Close of the Half of Fiscal 1999 (Sep. 30, 1999)

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 Sep.30, 1999

¥9,335 million

B. ordinary profit at the close of accounting as of Mar.31, 1999
                                          (A/B × 100)

¥8,233 million
(113.4%)

C. net profit at the close of accounting as of Mar.31, 1999
                                          (A/C × 100)

¥3,015 million
(309.6%)

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. The above figure under A. corresponds to the differential between ¥33,264 million (book value) and ¥23,928million (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 :

D. gross unrealized appraisal gains of marketable securities at
     the close of accounting as of Sep.30, 1999

¥13,094 million

E. net unrealized appraisal gains of marketable securities after
     reduction by gross unrealized appraisal losses at the close of
     accounting as of Sep.30, 1999 (
D-A)

¥3,758 million

Attention :
The above figures also only apply to the marketable securities excluding those of the subsidiaries, the stock prices of which are quoted on the Stock Exchanges.
Your kind attention to and understanding of the above is highly appreciated.



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