Kawasaki Kisen Kaisha, Ltd. · TSE:9107
Kawasaki Kisen Kaisha — Q2 2025 Earnings Presentation
21 slides from Kawasaki Kisen Kaisha's earnings presentation, Nov 5, 2025
Slide 1: Financial Highlights Brief Report for 2nd Quarter FY2025
Financial Highlights Brief Report for 2nd Quarter FY2025 November 5th, 2025 1
Slide 2: Index
∎A. Financial Highlights for 2nd Quarter Fiscal Year 2025 A-１ ：Financial Results for 2nd Quarter FY2025 A-２ ：Financial Results for 2nd 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 B-３ ：Comp
Slide 3: A. Financial Highlights for 2nd Quarter FY2025
A. Financial Highlights for 2nd Quarter FY2025 3
Slide 4: Financial Results for 2nd Quarter FY2025
A. Financial Highlights for 2nd Quarter FY2025 A-１： Financial Results for 2nd Quarter FY2025 ∎Financial Results for 2nd Quarter FY2025 （billion yen） FY2024 vs the announced FY2025 on Aug 4, 2025 Operating Revenues 1H 1H 1H and Profit/Loss １Q ２Q (a)-(b) (a)-(c) (a) (b) (c) Operating Revenues 244.9 25
Slide 5: Financial Results for 2nd Quarter FY2025 by Segment
A. Financial Highlights for 2nd Quarter FY2025 A-２：Financial Results for 2nd Quarter FY2025 by Segment ∎ Financial Results for 2Q FY2025 by Segment （billion yen） FY2024 vs the announced Business Segment FY2025 on Aug 4, 2025 (Upper row: Operating Revenues) 1H 1H 1H １Q ２Q (f)-(g) (f)-(h) (Lower row:
Slide 6: B. Forecasts and Initiatives for Fiscal Year 2025
B. Forecasts and Initiatives for Fiscal Year 2025 6
Slide 7: 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 Aug 4, 2025 Operating Revenues 2H Total Total Total and Profit/Loss １Q ２Q 1H (i)-(j) (i)-(k) Forecast (i) (j) (k) Operating Revenues 244.9
Slide 8: 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 Aug 4, 2025 (Upper row: Operating Revenues) 2H Total Total Total １Q ２Q 1H (l)-(m) (l)-(n) (Lower row: Ordinary Inc
Slide 9: Comparison of Income and Loss for FY2025
B. Forecasts and Initiatives for Fiscal Year 2025 B-3： Comparison of Income and Loss for FY2025 （Compared to the August 2025 announcement） Ordinary Income （billion yen) 120.0 billion yen +1.5 -4.0 120.0 billion yen billion yen 0.0 billion yen Containership Dry Bulk Car Carrier Other -17.5 100.0 bill
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: 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 12: Shareholder's Return Policy
C. Status and Progress of the Medium-term Management Plan C-２【Capital Policy】：Shareholder’s Return Policy The total return amount during the Medium-term Management Plan period will be 800.0 billion yen or more, and the planned annual dividend for FY2025 is 120 yen/share. The previously announced fle
Slide 13: Three businesses that will drive growth and new business areas
C. Status and Progress of the Medium-term Management Plan C-３ 【Business Strategy】 ：Three businesses that will drive growth and new business areas : Growth strategy progress Coal/Iron Ore Car Carriers Leveraging safe operation, high-quality ship management, and Through the introduction of environment
Slide 14: Changes in the business environment
C. Status and Progress of the Medium-term Management Plan C-４： 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 15: Shipping Industry Environment
C. Status and Progress of the Medium-term Management Plan C-５：Shipping Industry Environment The business environment remains uncertain, due to policy changes by the U.S., countermeasures by China and other countries in response, and avoidance of the Suez Canal due to the situation in the Middle East
Slide 16: Appendix
Appendix mmm KAWASAKI KISEN KAISHA, LID. 16
Slide 17: Market Results and Assumption/ Market Exposure
Appendix Market Results and Assumption/ Market Exposure ∎ Dry Bulk Market Results and Assumption FY2024 FY2025 Dry Bulk Market 3Q 4Q 1Q 2Q 3Q 4Q Total 1Q 2Q Forecast Forecast Forecast CAPE $22,650 $24,900 $18,300 $13,000 $19,750 $18,700 $24,700 $24,000 $15,000 $20,600 PANAMAX (*) $16,400 $13,950 $10
Slide 18: Car Carriers Total Units Carried by Service Routes
Appendix Car Carriers Total Units Carried by Service Routes Total Units Carried FY2024 FY2025 3Q 4Q （1,000 units） 1Q 2Q 3Q 4Q Total 1Q 2Q Forecast Forecast Forecast Outbound 340 371 387 324 1,423 364 371 397 392 1,524 Homebound 58 63 69 52 242 58 54 47 63 222 Others 224 243 241 207 915 229 240 224 2
Slide 19: "K" Line Group Fleet Composition
Appendix “K” Line Group Fleet Composition MAR 2025 178 90 98 39 43 448 SEP 2025 176 93 98 38 43 448 0 100 200 300 400 500 Dry Bulk Energy Resource Transport Car Carriers Containerships Short Sea and Coastal Ships SEP 2025 MAR 2025 Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No
Slide 20: "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 SEP 2025 Number of Vessel 2025 2026 2027 CAPE 85 75 PANAMAX 41 38 CAPE 2 2 HANDYMAX 39 49 Dry Bulk SMALL
Slide 21: 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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