Basic Dividend Policy on Appropriation of Profits

 Our important task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund our capital investment and strengthen our financial position for the sake of sustainable growth, which is a priority of our management plan.

 

   However, the slow down in the global economic outlook, by the trade dispute between the United States and China and escalating geopolitical tensions in the Middle East, could lead to deterioration in the transportation demand and the business environment remains critical toward achieving the consolidated full-year business forecasts, though the Company is taking measures to improve earnings now; thus, the year-end dividend remains yet to be determined.

 

   We will update you again in due course once further judgment has been made as to dividend payment forecast after comprehensively taking into consideration the full-year forecasts and the Company’s financial conditions.

 

 

 Our sincerest apologies to shareholders but we would greatly appreciate for your understanding.

 

 All of “K” LINE Group members are vigilantly dedicated to the accomplishment of our goals with one voice, and we appreciate your continued support and encouragement.

As of January 31, 2020

【Cash dividends and Dividend Policy】

2015/03 2016/03 2017/03 2018/03 2019/03 2020/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 2.502.500.000.000.00-
3Q ------
FY-End 6.002.500.000.000.00-
Total 8.505.000.000.000.00-
Amount of Dividends(million yen) 7,9694,687----
Payout Ratio(%) 29.7-----
Ratio of Total Amount of Dividends to Net Assets(%) 1.91.2----