Kawasaki Kisen Kaisha, Ltd (KAKKF) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Financial Highlights Brief Reports for First Quarter Fiscal Year 2024 A Financial Highlights for First Quarter Fiscal Year 2024 A1 Financial Results for First Quarter Fiscal Year 2024 As the third year of the Medium-Term Management Plan, Fiscal 2024 marks the plan's halfway point That third year began with the first quarter under review, which means a significant milestone, but I believe we have gotten off to a good start. For the fiscal 2024 first quarter results, operating revenues were 267.6 billion yen. Operating income was 30.7 billion yen. Ordinary income was 74.8 billion yen. and net income attributable to owners of parent was 72.5 billion yen. Each of these figures is up compared to the same period last year, so we're off to a solid start. Looking at the situation by business segment, dry bulk and car carrier business were basically supported by strong market conditions. In container ship business, short-term market conditions were also very favorable. This was due to supply constraints stemming from the situation in the Red Sea and a strong rebound in cargo demand. The key financial indicators show that equity capital was 1,631,000,000,000 yen. Interest-bearing liability was 284.2 billion yen. Debt-to-equity ratio was 17%, and equity ratio was 76%. equity capital increased by 40 billion yen compared to the end of fiscal 2023. Otherwise, there have not been any major changes, and we believe that we continue to maintain a sound financial position. This slide has a note stating, fiscal year 2023 figures are based on retrospective application of a change in accounting policy. As described in detail in the financial highlights starting in fiscal 2024, we have changed the currency conversion method into Japanese yen in income and expenses of foreign consolidated s...