Satoshi Yokota
Senior Vice President and CFO
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Kawasaki Kisen Kaisha, Ltd (KAKKF) Q1 2025 Earnings Call
Kawasaki Kisen Kaisha, Ltd (OTC: KAKKF) Q1 2025 earnings conference call, held 2025-08-04. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.503 -- 00:00:04.768 Financial Highlights Brief Report for First Quarter Fiscal Year 2025. 00:00:04.768 -- 00:00:06.768 Financial 00:00:07.172 -- 00:00:10.095 Highlights for First Quarter Fiscal Year 2025. 00:00:10.095 -- 00:00:12.095 Financial 00:00:13.139 -- 00:00:16.083 Results for First Quarter Fiscal Year 2025. 00:00:16.083 -- 00:00:17.685 For 00:00:17.685 -- 00:00:22.972 the fiscal 2025 first quarter results, operating revenues were 244.9 00:00:22.972 -- 00:00:24.614 billion 00:00:24.614 -- 00:00:29.073 yen. Operating income was 19.8 billion yen. 00:00:29.073 -- 00:00:34.500 Ordinary income was 21.6 billion yen, and net income attributable 00:00:34.500 -- 00:00:40.047 to owners of parent was 29.9 billion yen, representing a year-on-year 00:00:40.047 -- 00:00:43.331 decrease in both revenue and profit. 00:00:43.331 -- 00:00:48.558 The dollar-yen exchange rate for the first quarter was 145.32 yen, 00:00:48.558 -- 00:00:53.605 which is approximately 10 yen stronger than the roughly 155 00:00:53.605 -- 00:00:57.777 yen rate in the same period of the previous year. 00:00:57.777 -- 00:01:02.963 The bunker price was $550, a slight decrease compared to the same 00:01:02.963 -- 00:01:05.607 period last year. 00:01:05.607 -- 00:01:10.833 Details by business segment are provided on the next page, but the decline in operating 00:01:10.833 -- 00:01:15.919 income compared to the same period last year was primarily due to the impact 00:01:15.919 -- 00:01:21.747 of exchange rates and a sluggish dry bulk market in the first quarter. 00:01:21.747 -- 00:01:26.829 In terms of ordinary income, in addition to the decrease in operating income, The 00:01:26.829 -- 00:01:32.235 equity method income and loss from Ocean Network Express, ONE, which operates 00:01:32.235 -- ...