| February 14, 2003 |
Amendments to Prospect
for Fiscal 2002 Financial Positions
(Consolidated and Non-Consolidated) |
| |
| Kawasaki Kisen Kaisha, Ltd. ("K" LINE)
takes pleasure in announcing our upward-revised prospect for Financial Positions of Fiscal
2002 that was publicized on November 14, 2002 together with Financial Highlights for the
first half of Fiscal 2002. Highlights of this announcement are as follows: |
| |
| 1. Prospect for Full-Year Financial Position
(Consolidated) |
| |
(from April 1, 2002 through March 31,
2003) |
(Unit: Millions of Yen) |
|
| |
Operating
Revenues |
Operating
Income |
*Income before
Income Taxes and
Extraordinary Items |
Net Income |
| Previously-announced prospect (A) |
610,000 |
22,000 |
16,500 |
10,000 |
| Present prospect
(B) |
630,000 |
29,000 |
22,000 |
11,000 |
| Increased/decreased amount (B-A) |
20,000 |
7,000 |
5,500 |
1,000 |
| Ratio of Increase/decrease
(%) |
3.3% |
31.8% |
33.3% |
10.0% |
Full-year financial position
as of March 31, 2002 |
571,014 |
19,049 |
11,969 |
4,768 |
|
|
Remark: "Income before Income Taxes and
Extraordinary Items" is changed from "Ordinary Income." |
| |
| 2. Prospect for Full-Year Financial Position
(Non-consolidated) |
| |
(from April 1, 2002 through March 31,
2003) |
(Unit: Millions of Yen) |
|
| |
Operating
Revenues |
Operating
Income |
*Income before
Income Taxes and
Extraordinary Items |
Net Income |
Dividend
per Share |
| Previously-announced prospect (A) |
480,000 |
14,000 |
10,500 |
6,000 |
¥4.00 |
| Present prospect
(B) |
495,000 |
19,000 |
15,000 |
6,500 |
¥5.00 |
| Increased/decreased amount (B-A) |
15,000 |
5,000 |
4,500 |
500 |
¥1.00 |
| Ratio of Increase/decrease
(%) |
3.1% |
35.7% |
42.9% |
8.3% |
- |
Full-year financial position
as of March 31, 2002 |
449,153 |
8,299 |
7,116 |
2,787 |
¥3.00 |
|
|
Remark: "Income before Income Taxes and
Extraordinary Items" is changed from "Ordinary Income." |
| |
| 3. Reasons for upward amendments to prospect for
Full-Year Financial Positions |
| |
|
The Company was faced with some very unfavorable
issues such as the waterfront lockout on the U. S. West Coast from the end of September
2002 and the hikes in bunker-oil price, etc. Nevertheless, "K" LINE’s Q3
business results were greatly improved due to improvements of business results in every
sector and satisfactory achievements of cost curtailment continuously from the 1st half.
This specifically reflects such favorable factors as: |
|
a. Upturn in Bulker and Tanker markets.
b. Steady advance in Container cargo movement, particularly from China to Europe and to
the U.S.
c. Increases in car/vehicle units bound for the Middle East countries as well as for the
U.S. |
| |
| For more information, contact: |
| Yoshikazu Minagawa, General Manager, Corporate
Planning Group |
|
|