Kawasaki Kisen Kaisha, Ltd (KAKKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Financial Highlights Brief Report for Fiscal Year 2025 A. Financial Highlights for Fiscal Year 2025 A1. Financial Results for Fiscal Year 2025 Operating revenues for Fiscal Year 2025 were ¥1,018.3 billion, a decrease of ¥29.5 billion from the last fiscal year. Operating income was ¥84.1 billion, down 18.6 billion yen from the last fiscal year. Ordinary income was 109.1 billion yen, down 198.9 billion yen from the last fiscal year. Net income attributable to owners of parent was 132.9 billion yen, down 172.3 billion yen from the last fiscal year. The average exchange rate was 150.23 yen per U.S. dollar, and the average bunker price was $528 per metric ton. When compared to the last fiscal year, the decline in operating income was mainly due to decreased profits in the car carrier business. The decline in ordinary income was mainly due to a significant decrease in profits in the container ship business. Net income attributable to owners of parent includes factors such as the sale of owned vessels and subsidiary shares, as well as a revision to deferred tax assets, etc. In terms of the financial position, equity capital was 1,802,000,000,000 yen, interest-bearing liability was 296,000,000,000 yen, and debt-to-equity ratio was 16.4%. The equity ratio was approximately 77% or approximately 60% on a basis including off-balance sheet charter hire. For shareholder returns for fiscal year 2025, the year end dividend is 60 yen per share as announced in February, 2026. And combined with the interim dividend of 60 yen, the total annual dividend is 120 yen per share. A2, financial results for fiscal year 2025 by segment. Here are the full year financial results by segment. In the dry bulk segment, Although market conditions recovered in the second half of fiscal year 2025, profit...