Hiroshi Nakagawa
Senior Managing Executive Officer and Chief Financial Officer
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Kawasaki Kisen Kaisha, Ltd (KAKKF) Q4 2024 Earnings Call
Kawasaki Kisen Kaisha, Ltd (OTC: KAKKF) Q4 2024 earnings conference call, held 2025-05-07. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:01.246 -- 00:00:04.109 Financial highlights brief report for fiscal year 2024. 00:00:04.109 -- 00:00:06.109 A, 00:00:06.652 -- 00:00:08.674 financial highlights for fiscal year 2024. 00:00:08.674 -- 00:00:10.674 A1, 00:00:11.637 -- 00:00:15.701 financial results for fiscal year 2024. For 00:00:15.701 -- 00:00:21.006 the fiscal 2024 full year results, operating revenues were 1 trillion 00:00:21.006 -- 00:00:26.412 47.9 billion yen. Operating income was 102.8 00:00:26.412 -- 00:00:31.317 billion yen, and ordinary income was 308 billion yen. 00:00:31.317 -- 00:00:36.223 while net income attributable to owners of parent was 305.3 00:00:36.223 -- 00:00:41.309 billion yen. Operating revenues through net income attributable to owners of 00:00:41.309 -- 00:00:46.456 parent increased year on year. The actual exchange rate was 152.73 00:00:46.456 -- 00:00:48.456 yen, 00:00:49.119 -- 00:00:54.466 and the average bunker price was $610 per metric ton. 00:00:54.466 -- 00:00:58.081 From the beginning of the first quarter of fiscal 2024, 00:00:58.081 -- 00:01:02.566 We have changed the conversion rate to convert income and expenses of foreign affiliate 00:01:02.566 -- 00:01:07.851 companies from spot rate on the financial closing date to average rate 00:01:07.851 -- 00:01:13.077 during the term. The previous fiscal year's figures have been restated here using 00:01:13.077 -- 00:01:16.080 the newly changed conversion method. 00:01:16.080 -- 00:01:21.966 Operating income increased mainly due to robust transport demand for K-Line's own businesses, 00:01:21.966 -- 00:01:27.232 such as dry bulk and car carrier businesses, compared to the same period last 00:01:27.232 -- 00:01:32.428 year. In addition, due to the rise in short-term freight rates in container 00:01:32.428 -- 0...