January 13, 2009

Kawasaki Kisen Kaisha, Ltd.


Impairment of Investments in Securities and Investments in Unconsolidated Affiliates



Since the market prices of investments in both securities and unconsolidated affiliates have dropped remarkably from their original cost, we decided to reflect such impairment of their values as follows:



(Unit: Millions of JPY)



(Unit: Millions of JPY)

We are now reviewing full-year financial prospects (from April 1, 2008 to March 31, 2009). In case of amendment, we will inform you accordingly.