June 24, 2016
Kawasaki Kisen Kaisha, Ltd.
To Our Stakeholders
We wish to express our appreciation for your continuous support to “K” Line.
We would like to announce that all the propositions made at our ordinary general meeting of shareholders held today have been approved. Due to the historical declines in conditions for the industry as a whole, Recorded results were less than favorable in FY2015.
To cope with such unprecedented severe market conditions caused by structural changes in the business environment from a compounding of factors, we have revised our mid-term management plan and are now restructuring our business to further strengthen our competitiveness.
While implementing structural reforms mainly in our Dry Bulk sector in addition to Containership business, we aim to optimize our business portfolio through redistribution of our management resources and are making strategic investment plan to weigh on Energy Transportation and Tanker Business, Logistics Business, and Car Carrier Business as sources of stable profit in the long term.
Under our management body elected at the ordinary general meeting of shareholders today, we intend to strengthen our operational structure through the integration of business units implemented from April of this year, and make every effort to improve profitability. While these structural reforms are for the purpose of achieving mid-to long-term growth, we are seriously viewing the impact on shareholders’ equity.
As we believe that the steady implementation of our mid-term management plan revised through the unity of our executives will lead to enhanced corporate value and serve to benefit all of our stakeholders, we would greatly appreciate having your continued support and understanding.
Eizo Murakami, President and CEO
Kawasaki Kisen Kaisha, Ltd.
