Kawasaki Kisen Kaisha, Ltd. · TSE:9107

Kawasaki Kisen Kaisha — Ocean Network Express — Q3 FY2025 Earnings Presentation

8 slides from Kawasaki Kisen Kaisha's earnings presentation, Jan 30, 2026

  1. Slide 1: Financial Results for FY2025 3rd Quarter

    Financial Results for FY2025 3rd Quarter January 30, 2026 1

  2. Slide 2: Index

    Index 1. FY2025 3rd Quarter Results P.3 2. Liftings, Utilization, P.4 and Freight Index in Major Trades 3. FY2025 Full Year Forecasts P.5 4. ONE’s Response to Recent Changes in the P.6 Business Environment 5. Reference (Fleet Structure, Service Structure P.7 & New Order) 6. 6. Appendix: Change of De

  3. Slide 3: 1. FY2025 3rd Quarter Results

    1. FY2025 3rd Quarter Results Outline Persistent increase in supply and slow cargo movement, particularly on Asia-North America trade, led to a year-on-year decline in short term freight rates. As a result, 3Q recorded a loss of US$ 88 million. • Cargo movement in the Asia–North America trade slowed

  4. Slide 4: 2. Liftings, Utilization and Freight Index in Major Trades

    2. Liftings, Utilization and Freight Index in Major Trades (Unit: 1,000TEU) FY2024 FY2025 Liftings / Utilization by Trades 1Q 2Q 1H 3Q 4Q 2H Full Year 1Q 2Q 1H 3Q Results Results Results Results Results Results Results Results Results Results Results Asia - North America Lifting 673 730 1,403 713 63

  5. Slide 5: 3. FY2025 Full Year Forecasts

    3. FY2025 Full Year Forecasts Outline ● While 3Q cargo volumes were subdued, we expect a recovery in 4Q. ● 3Q rates were softer than anticipated; however, we anticipate a modest uptick in 4Q. ● This forecast is based on the expectation that vessels will continue to route via the Cape of Good Hope. O

  6. Slide 6: 4. ONE's Response to Recent Changes in the Business Environment

    4. ONE’s Response to Recent Changes in the Business Environment ➢Rerouting via the Cape of Good Hope persisted. ➢The overall supply-demand balance softened as the continuous delivery of newbuilding vessels increased total capacity. ➢Cargo movement from Asia to North America in October and November d

  7. Slide 7: 5. Reference (Fleet Structure, Service Structure & New Order)

    5. Reference (Fleet Structure, Service Structure & New Order) Fleet Structure Service Structure 1) As of end of 2) As of end of Size 2)-1) Sep 2025 Dec 2025 （FY2025 3Q Structure of dominant and 20,000 TEU >= Capacity (TEU) 264,600 264,600 0 non-dominant space allocation） Vessels 12 12 0 10,500 TEU -

  8. Slide 8: 6. Appendix Change of Demand and Freight index

    6. Appendix Change of Demand and Freight index Liftings (TEU) Freight Index ONE_US-Liftings ONE_US-Freight Index US-SCFI Index (FY2018 1Q=100) 900,000 600 800,000 500 700,000 600,000 400 500,000 300 400,000 300,000 200 200,000 100 100,000 0 0 TPEB : Transpacific Eastbound ©2026 Ocean Network Express

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