Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — FY2024 Earnings Presentation
29 slides from Kawasaki Kisen Kaisha's earnings presentation, May 7, 2025
Slide 1: Financial Highlights: Brief Report for Fiscal Year 2024
Financial Highlights Brief Report for F i s c a l Ye a r 2 0 2 4 May 7th, 2025 1
Slide 2: Index
∎A. Financial Highlights for Fiscal Year 2024 A-１ ︓Financial Results for FY2024 A-２ ︓Financial Results for FY2024 by Segment ∎B. Forecasts and Initiatives for Fiscal Year 2025 B-１ ︓Forecasts for FY2025 and Key Factors B-２ ︓Comparison of Income and Loss for FY2025 (Year-on-Year Comparison, Impact of
Slide 3: A. Financial Highlights for Fiscal Year 2024
A. Financial Highlights for Fiscal Year 2024 3
Slide 4: A-1: Financial Results for FY2024
A. Financial Highlights for Fiscal Year 2024 A-１︓ Financial Results for FY2024 ∎Financial Results FY2024 （billion yen） FY2024 FY2023 Operating Revenues and Profit/Loss Total Total 1Q 2Q 1H 3Q 4Q 2H (a)-(b) (a) (b) Operating Revenues 267.6 270.4 538.0 266.9 242.9 509.9 1,047.9 957.9 90.0 Operating In
Slide 5: A-2: Financial Results for FY2024 by Segment
A. Financial Highlights for Fiscal Year 2024 A-２︓ Financial Results for FY2024 by Segment ∎Financial Results for FY2024 by Segment （billion yen） Business Segment FY2024 FY2023 (Upper row: Operating Revenues) Total Total 1Q 2Q 1H 3Q 4Q 2H (e)-(f) (Lower row: Ordinary Income/Loss) (e) (f) 88.3 83.1 17
Slide 6: B. Forecasts and Initiatives for Fiscal Year 2025
B. Forecasts and Initiatives for Fiscal Year 2025 6
Slide 7: B-1: Forecasts for FY2025 and Key Factors
B. Forecasts and Initiatives for Fiscal Year 2025 B-１︓Forecasts for FY2025 and Key Factors ∎Forecasts for FY2025 （billion yen） FY2025 FY2024 Operating Revenues 1H 2H Total Total and Profit/Loss (g)-(h) Forecast Forecast (g) (h) Operating Revenues 476.0 474.0 950.0 1,047.9 - 97.9 Operating Income/Los
Slide 8: B-2: Comparison of Income and Loss for FY2025
B. Forecasts and Initiatives for Fiscal Year 2025 B-２︓Comparison of Income and Loss for FY2025 (Year-on-Year Comparison, Impact of Tariffs) Ordinary Income （billion yen） 350 308.0 billion yen before after 300 -29.0 considering considering 3.0 tariff impacts tariff impacts Own Businesses︓-23.2 250 Co
Slide 9: B-3: Forecasts for FY2025 by Segment
B. Forecasts and Initiatives for Fiscal Year 2025 B-３︓Forecasts for FY2025 by Segment ∎Forecasts for FY2025 by Segment ∎ Key Factors by Segment (year-on-year comparison・excluding exchange rate impacts) （billion yen） Business Segment FY2025 FY2024 ‣ Dry Bulk (Upper row: Operating Revenues) 1H 2H Tota
Slide 10: C. Status and Progress of the Medium-term Management Plan
C. Status and Progress of the Medium-term Management Plan 10
Slide 11: C-1: Key Points of the Medium-term Management Plan
C. Status and Progress of the Medium-term Management Plan C-１︓Key Points of the Medium-term Management Plan We will steadily implement the capital policy, business strategy, and functional strategy outlined in the Medium-term Management Plan to achieve further growth and improvement of corporate val
Slide 12: C-2: Capital Policy Progress and Corporate Value Improvement
C. Status and Progress of the Medium-term Management Plan C-2【Capital Policy】︓Capital Policy Progress and Corporate Value Improvement Based on the Medium-term Management Plan, we will promote the enhancement of "earning power" and strive to further improve corporate value by maintaining capital effi
Slide 13: C-3: Cash Allocation
C. Status and Progress of the Medium-term Management Plan C-3【Capital Policy】︓Cash Allocation Operating cash flow is expected to be 1.5 trillion yen, whereas investment cash flow is expected to be 610.0 billion yen We increase shareholder returns during the Medium-term Management Plan period, from 7
Slide 14: C-4: Business Investment Plan
C. Status and Progress of the Medium-term Management Plan C-4【Capital Policy】 ︓Business Investment Plan Based on the Medium-term Management Plan, with the focus on the role of driving growth and environmental initiatives, we will exercise investment discipline by considering risk and return in line
Slide 15: C-5: Shareholder's Return Policy
C. Status and Progress of the Medium-term Management Plan C-5【Capital Policy】︓Shareholderʼs Return Policy The total return amount during the Medium-term Management Plan period has been increased to 800.0 billion yen or more The annual dividend forecast for FY2025 has been revised from 100 yen/share
Slide 16: C-6: Further Advancement of Business Management Target
C. Status and Progress of the Medium-term Management Plan C-6【Capital Policy】︓Further Advancement of Business Management Target for each KPI Aiming for sustainable growth and improvement of corporate value, we will continue capital efficiency-conscious management, keeping in mind each KPI of the Med
Slide 17: C-7: Key Points for K Line's Functional Strategy
C. Status and Progress of the Medium-term Management Plan C-７【Functional Strategy】 ︓Key Points for “K” Lineʼs Functional Strategy By honing our core functional strengths, we aim to be the first choice for customers and partners and to realize a growth strategy that seizes emissions reduction and dec
Slide 18: C-8: Three Functions + HR/Organization Policy
C. Status and Progress of the Medium-term Management Plan C-８【Functional Strategy】 ︓ Three Functions + HR/Organization Policy By strengthening our business foundation, which consists of the three functions of “Environment &Technology," “Safety & Ship Quality Management," and “Digital Transformation,
Slide 19: C-9: Importance and progress of each business
C. Status and Progress of the Medium-term Management Plan C-9【Business Strategy】︓Importance and progress of each business By implementing measures in line with the role of each business under the Medium- term Management Plan, we will achieve the earnings targets for FY2026 and FY2030. Through custom
Slide 20: C-10: Three businesses that will drive growth
C. Status and Progress of the Medium-term Management Plan C-10 【Business Strategy】 ︓Three businesses that will drive growth and new business areas : Growth strategy progress Coal/Iron Ore Car Carriers Through the introduction of environmentally friendly vessels and the By leveraging customer-oriente
Slide 21: C-11: Changes in the business environment
C. Status and Progress of the Medium-term Management Plan C-11︓Changes in the business environment The global business environment will remain uncertain due to factors such as emerging geopolitical risks, continued concerns about downward pressure on the global economy, and energy policy development
Slide 22: C-12: Shipping Industry Environment
C. Status and Progress of the Medium-term Management Plan C-12︓ Shipping Industry Environment The business environment remains uncertain, due to policy changes by the new U.S. administration and avoidance of Suez Canal due to the situation in the Middle East etc. USTR-imposed countermeasures U.S. ta
Slide 23: Reference: Schedule for Business Briefing
C. Status and Progress of the Medium-term Management Plan Reference︓Schedule for Business Briefing We plan to hold a business briefing in the near future. ∎ Subject Explanation of our three businesses with the role of driving growth ∎ Materials The briefing materials and archive will be made availab
Slide 24: Appendix
| Appendix KY K Mmmm KAWASAKI KISEN KAISHA, LTD. 24
Slide 25: Market Results and Assumption/ Market Exposure
Appendix Market Results and Assumption/ Market Exposure ∎ Dry Bulk Market Results and Assumption FY2024 FY2025 Dry Bulk Market 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Total Forecast Forecast Forecast Forecast Forecast CAPE $22,650 $24,900 $18,300 $13,000 $19,750 $17,000 $22,000 $22,000 $15,000 $19,000 PANAMAX (*) $
Slide 26: Car Carriers Total Units Carried by Service Routes
Appendix Car Carriers Total Units Carried by Service Routes Total Units Carried FY2024 FY2025 1Q 2Q 3Q 4Q （1,000 units） 1Q 2Q 3Q 4Q Total Forecast Forecast Forecast Forecast Forecast Outbound 340 371 387 324 1,423 341 348 379 393 1,461 Homebound 58 63 69 52 242 66 57 63 56 242 Others 224 243 241 207
Slide 27: K Line Group Fleet Composition
Appendix “K” Line Group Fleet Composition FY2024 FY2023 Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Dry Bulk 53 6,548,336 125 15,777,149 178 22,325,485 192 23,672,479 Tankers 11 2,228,599 2 108,320 13 2,336,919 13 2,337,128 LNG Carriers 44 3,636,087 2 1
Slide 28: K Line Group Vessels in Operation/New Building Delivery Schedule
Appendix “K” Line Group Vessels in Operation/New Building Delivery Schedule ∎ “K” Line Group Vessels in Operation ∎ New Building Delivery Schedule Segment Business/ Vessel Type FY2023 FY2024 Number of Vessel 2025 2026 2027 CAPE 86 85 PANAMAX 49 41 CAPE 2 2 HANDYMAX 36 39 Dry Bulk SMALL HANDY 10 6 PA
Slide 29: Disclaimer
【Disclaimer】 Information contained in this material is provided solely for informational purposes and is not an offer or a solicitation of an offer to buy or sell securities. You are requested to make investment decisions using your own judgment. 【Forward-looking statements】 This material contains f