| August 7, 2003 |
| |
Amendments to Prospect
for Fiscal 2003 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 2003 that was publicized on May 15, 2003 together with
Financial Highlights for the Fiscal 2002. Highlights of this announcement are as follows: |
| |
| 1. Prospect for First half
Financial Position (Consolidated) |
|
(from April 1, 2003 through September 30, 2003) |
(Unit: Millions of Yen) |
| |
Operating
Revenues |
Operating
Income |
Income before
Income Taxes and
Extraordinary Items |
Net Income |
| Previously-announced prospect (A) |
340,000 |
23,000 |
21,000 |
9,000 |
| Present prospect
(B) |
355,000 |
30,000 |
28,000 |
17,000 |
| Increased/decreased amount (B-A) |
15,000 |
7,000 |
7,000 |
8,000 |
| Ratio of Increase / decrease (%) |
4.4% |
30.4% |
33.3% |
88.9% |
First half financial position
as of September 30, 2002 |
309,593 |
11,270 |
7,844 |
4,918 |
|
| |
| 2. Prospect for Full-Year
Financial Position (Consolidated) |
| (from April 1, 2003 through March 31, 2004) |
(Unit: Millions of Yen) |
| |
Operating
Revenues |
Operating
Income |
Income before
Income Taxes and
Extraordinary Items |
Net Income |
| Previously-announced prospect (A) |
675,000 |
43,000 |
39,000 |
16,500 |
| Present prospect
(B) |
700,000 |
55,000 |
51,000 |
30,000 |
| Increased/decreased amount (B-A) |
25,000 |
12,000 |
12,000 |
13,500 |
| Ratio of Increase / decrease
(%) |
3.7% |
27.9% |
30.8% |
81.8% |
Full-Year financial position
as of March 31, 2003 |
632,725 |
29,282 |
23,672 |
10,373 |
|
| |
| 3. Prospect for First half
Financial Position (Non-consolidated) |
| (from April 1, 2003 through September
30, 2003) |
(Unit: Millions of Yen) |
| |
Operating
Revenues |
Operating
Income |
Income before
Income Taxes and
Extraordinary Items |
Net Income |
| Previously-announced prospect (A) |
270,000 |
18,000 |
17,000 |
7,000 |
| Present prospect
(B) |
286,000 |
24,000 |
23,500 |
11,500 |
| Increased/decreased amount (B-A) |
16,000 |
6,000 |
6,500 |
4,500 |
| Ratio of Increase / decrease (%) |
5.9% |
33.3% |
38.2% |
64.3% |
Full-Year financial position
as of September 30, 2002 |
244,300 |
7,179 |
5,152 |
2,781 |
|
| |
| 4. Prospect for Full-Year Financial
Position (Non-consolidated) |
| (from April 1, 2003 through March 31, 2004) |
(Unit: Millions of Yen) |
| |
Operating
Revenues |
Operating
Income |
Income before
Income Taxes and
Extraordinary Items |
Net Income |
| Previously-announced prospect (A) |
530,000 |
32,000 |
30,000 |
11,000 |
| Present prospect
(B) |
560,000 |
43,000 |
41,000 |
19,000 |
| Increased/decreased amount (B-A) |
30,000 |
11,000 |
11,000 |
8,000 |
| Ratio of Increase / decrease (%) |
5.7% |
34.4% |
36.7% |
72.7% |
Full-Year financial position
as of March 31, 2003 |
499,791 |
19,843 |
16,434 |
6,535 |
|
| |
| 5. Reasons for upward amendments to
prospect |
| |
In Containership Business, it is
prospected that business achievement will improve with a view to (1) Recovery of the U.S.
economy being expected, (2) Cargo movement staying so stable from China to Europe and the
U.S.A., (3) Stabilization of ocean freight and (4) Strong possibility of further
cost/expense reduction through rationalization of services.
Market is expected to successively maintain a high level in the business of Bulk Carriers,
Car Carriers, Energy Transportation and Tanker Service as well. We are now expecting
better prospect by business expansion supported with our ongoing efforts for efficient
vessel operation and overall cost/expense reduction.
In terms of dividends for Fiscal 2003, we are going to pay ¥3.00 per share for interim
dividend as announced on May 15, 2003. Regarding the annual dividends, we are planning to
pay ¥6.00 per share, about which final decision will be made in a proposal shareholders
at the Fiscal 2003 Annual Shareholder’s Meeting with a view to prospect for the
future. |
| |
| For more information, contact: |
| Mamoru Shozui, Director &
General Manager, Corporate Planning Group |
|