Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q3 2025 Earnings Presentation
19 slides from Kawasaki Kisen Kaisha's earnings presentation, Feb 3, 2026
Slide 1: Financial Highlights: Brief Report for 3rd Quarter FY2025
Financial Highlights Brief Report for 3rd Quarter FY2025 February 3rd, 2026 1
Slide 2: Index
∎A. Financial Highlights for 3rd Quarter Fiscal Year 2025 A-１ ：Financial Results for 3rd Quarter FY2025 A-２ ：Financial Results for 3rd Quarter FY2025 by Segment ∎B. Forecasts and Initiatives for Fiscal Year 2025 B-１ ：Forecasts for FY2025 and Key Factors B-２ ：Forecasts for FY2025 by Segment Index ∎C.
Slide 3: A. Financial Highlights for 3rd Quarter FY2025
A. Financial Highlights for 3rd Quarter FY2025 3
Slide 4: A-1: Financial Results for 3rd Quarter FY2025
A. Financial Highlights for 3rd Quarter FY2025 A-１：Financial Results for 3rd Quarter FY2025 ∎Financial Results for 3rd Quarter FY2025 （billion yen） FY2025 FY2024 Operating Revenues 1-3Q 1-3Q and Profit/Loss 1H ３Q (a)-(b) (a) (b) Operating Revenues 500.5 267.1 767.7 804.9 -37.2 Operating Income/Loss
Slide 5: A-2: Financial Results for 3rd Quarter FY2025 by Segment
A. Financial Highlights for 3rd Quarter FY2025 A-２：Financial Results for 3rd Quarter FY2025 by Segment ∎Financial Results for 3Q FY2025 by Segment ∎Key Factors by Segment（year-on-year comparison） （billion yen） Business Segment FY2025 FY2024 ‣ Dry Bulk ‧ For both Capesize and Panamax and smaller size
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 vs the announced on Nov 5, 2025 Operating Revenues ４Q 2H Total Total Total and Profit/Loss 1H ３Q (g)-(h) (g)-(i) Forecast Forecast (g) (h) (i) Operating Revenu
Slide 8: B-2: Forecasts for FY2025 by Segment
B. Forecasts and Initiatives for Fiscal Year 2025 B-２： Forecasts for FY2025 by Segment ∎Forecasts for FY2025 by Segment （billion yen） FY2025 FY2024 vs the announced Business Segment on Nov 5, 2025 (Upper row: Operating Revenues) ４Q 2H Total Total Total 1H ３Q (j)-(k) (j)-(l) (Lower row: Ordinary Inco
Slide 9: C. Status and Progress of the Medium-term Management Plan
C. Status and Progress of the Medium-term Management Plan 9
Slide 10: C-1: Capital Policy Progress and Corporate Value Improvement
C. Status and Progress of the Medium-term Management Plan C-１ 【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 eff
Slide 11: C-2: Shareholder's Return Policy
C. Status and Progress of the Medium-term Management Plan C-２【Capital Policy】：Shareholder’s Return Policy The annual dividend forecast for FY2026 has been increased to 120 yen/share. The previously announced flexible additional shareholder returns of 50.0 billion yen or more will be executed during
Slide 12: C-3: Changes in the business environment
C. Status and Progress of the Medium-term Management Plan C-３：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 developments
Slide 13: C-4: Shipping Industry Environment
C. Status and Progress of the Medium-term Management Plan C-４：Shipping Industry Environment The business environment remains uncertain due to geopolitical factors, including the situation in the Middle East (Israel, Palestine, Iran, the Red Sea, etc.) as well as U.S. security and trade policies, etc
Slide 14: Appendix
Appendix mmm KAWASAKI KISEN KAISHA, LID. 14
Slide 15: Market Results and Assumption / Market Exposure
Appendix Market Results and Assumption/ Market Exposure ∎ Dry Bulk Market Results and Assumption FY2024 FY2025 Dry Bulk Market 4Q 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Forecast Forecast CAPE (BCI180) $22,650 $24,900 $18,300 $13,000 $19,750 $18,700 $24,700 $28,900 $16,000 $22,050 PANAMAX (BPI82)* $16,400 $13,95
Slide 16: Car Carriers Total Units Carried by Service Routes
Appendix Car Carriers Total Units Carried by Service Routes Total Units Carried FY2024 FY2025 4Q （1,000 units） 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Forecast Forecast Outbound 340 371 387 324 1,423 364 371 423 395 1,553 Homebound 58 63 69 52 242 58 54 45 57 214 Others 224 243 241 207 915 229 240 219 191 879 In
Slide 17: "K" Line Group Fleet Composition
Appendix “K” Line Group Fleet Composition MAR 2025 178 90 98 39 43 448 DEC 2025 165 98 98 36 43 440 0 100 200 300 400 500 Dry Bulk Energy Resource Transport Car Carriers Containerships Short Sea and Coastal Ships DEC 2025 MAR 2025 Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No
Slide 18: "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 ∎ Upcoming New Building Delivery Schedule Segment Business/ Vessel Type MAR 2025 DEC 2025 Number of Vessel 2025 2026 2027 CAPE 85 77 PANAMAX 41 35 CAPE 2 2 HANDYMAX 39 38 Dry Bulk SMALL
Slide 19: 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
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