Kawasaki Kisen Kaisha : Financial Highlights for FY2025

May 8, 2026

(Under Japanese GAAP) (Unaudited)

Company name: Kawasaki Kisen Kaisha, Ltd.

Listing: Prime Market of Tokyo Stock Exchange

Securities code: 9107

URL: https://www.kline.co.jp/en/

Representative: Takenori Igarashi, Director, Representative Executive Officer, President & CEO

Inquiries: Ryo Kato, General Manager, Corporate Sustainability, Environment Management, IR and Communication Group

Telephone: +81-3-6890-9620

Scheduled date of annual general meeting of shareholders: June 19, 2026 Scheduled date to commence dividend payments: June 22, 2026

Scheduled date to file annual securities report: June 18, 2026 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for Analysts)

(Amounts rounded down to the nearest million yen)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Operating revenues		Operating income (loss)		Ordinary income (loss)		Profit (loss) attributable to owners of the parent
      Year ended March 31, 2026 Year ended March 31, 2025	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      	1,018,364 1,047,944	(2.8) 9.4	84,164 102,855	(18.2) 22.2	109,100 308,089	(64.6) 132.1	132,986 305,384	(56.5) 199.4

      Note: Comprehensive income for the fiscal year ended March 31, 2026: ¥221,955 million [(23.9)%] For the fiscal year ended March 31, 2025: ¥291,806million [14.4%]

      	Profit (loss) per share	Profit (loss) per share-fully diluted	Profit per share ratio in shareholders' equity	Ratio of ordinary income (loss) to total assets	Ratio of operating income (loss) to operating revenues
      Year ended March 31, 2026 Year ended March 31, 2025	Yen	Yen	%	%	%
      	210.42 460.11	- -	7.7 18.8	4.8 14.3	8.3 9.8

      Reference: Equity in earnings of unconsolidated subsidiaries and affiliates Year ended March 31, 2026: ¥22,768 million Year ended March 31, 2025: ¥202,052 million

   2. Consolidated financial position

      	Total assets	Net assets	Shareholders' equity ratio	Net assets per share
      	Million yen	Million yen	%	Yen
      As of March 31, 2026	2,343,989	1,841,988	76.9	2,851.95
      As of March 31, 2025	2,210,049	1,677,449	74.6	2,609.68

      Reference: Shareholders' equity

      As of March 31, 2026: ¥1,802,703 million

      As of March 31, 2025: ¥1,648,434 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Year ended March 31, 2026 Year ended March 31, 2025	Million yen	Million yen	Million yen	Million yen
   	264,772 273,173	(35,109) (126,133)	(124,753) (211,646)	319,716 201,557

2. Dividends

   	Annual dividends per share					Total dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter- end	Second quarter- end	Third quarter- end	Fiscal year-end	Total
   Year ended March 31, 2025 Year ended March 31, 2026	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
   	- -	50.00 60.00	- -	50.00 60.00	100.00 120.00	65,605 76,566	21.7 57.0	4.1 4.4
   Year ending March 31, 2027 (Forecast)	-	60.00	-	60.00	120.00		79.8

3. Consolidated Financial Results Forecast for the Year Ending March 31, 2027 (April 1, 2026 to March 31, 2027)

   (Percentages indicate year-on-year changes.)

   	Operating revenues		Operating income (loss)		Ordinary income (loss)		Profit (loss) attributable to owners of the parent		Profit (loss) per share
   Cumulative second quarter ending September 30, 2026 Year ending March 31, 2027	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
   	527,000 1,020,000	5.3 0.2	38,000 83,000	(11.5) (1.4)	35,000 100,000	(41.3) (8.3)	36,000 95,000	(47.5) (28.6)	56.95 150.29

4. Notes

   1. Significant changes in the scope of consolidation during the period: Yes Newly included: 1 company (KLKG Logistics Holdings, Co., Ltd.)

      Excluded: 1 company ("K" LINE SHIP MANAGEMENT (SINGAPORE) PTE. LTD.)

   2. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

      2. Changes in accounting policies due to other reasons: None

      3. Changes in accounting estimates: None

      4. Restatement: None

   3. Number of issued shares (common shares)

      1. Total number of issued shares at the end of the period (including treasury shares)

         As of March 31, 2026	639,172,067 shares
         As of March 31, 2025	639,172,067 shares

      2. Number of treasury shares at the end of the period

         As of March 31, 2026	7,077,375 shares
         As of March 31, 2025	7,511,366 shares

      3. Average number of shares outstanding during the period

   Year ended March 31, 2026	631,994,477 shares
   Year ended March 31, 2025	663,714,307 shares

   [Reference] Overview of non-consolidated financial results Non-consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

      	Operating revenues		Operating income (loss)		Ordinary income (loss)		Profit (loss)
      Year ended March 31, 2026 Year ended March 31, 2025	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      	804,732 840,628	(4.3) 10.0	55,199 76,677	(28.0) 27.6	215,428 212,330	1.5 22.8	249,139 211,767	17.6 33.9

      	Profit (loss) per share	Profit (loss) per share- fully diluted
      	Yen	Yen
      Year ended March 31, 2026	394.12	-
      Year ended March 31, 2025	318.99	-

   2. Non-consolidated financial position

   	Total assets	Net assets	Shareholders' equity ratio	Net assets per share
   	Million yen	Million yen	%	Yen
   As of March 31, 2026	1,090,199	685,922	62.9	1,084.89
   As of March 31, 2025	885,498	500,325	56.5	791.88

   Reference: Shareholders' equity

   As of March 31, 2026: ¥685,922 million

   As of March 31, 2025: ¥500,325 million

   • Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

   • Assumption for the forecast of consolidated financial results for the year ending March 31, 2027

   The forecast is based on currently available information that KLINE deems to be reasonable. Actual results may differ from the forecast as a result of various factors.

   Refer to "5. Qualitative Information on Financial Results (1) Description of Operating Results 2) Prospect for Fiscal year 2026" for assumptions related to the forecast.

5. Qualitative Information on Financial Results

(1) Description of Operating Results

1)Summary of Consolidated Operating Results for FY2025

(Billion yen)

The Company recorded 22.7 billion yen of equity in earnings of unconsolidated subsidiaries and affiliates for the fiscal year 2025 and OCEAN NETWORK EXPRESS PTE. LTD. (hereinafter referred to as "ONE") accounted for

15.0 billion yen of this amount.

Performance per segment was as follows.

(Billion yen)

Since the beginning of this fiscal year, the Company changed the allocation method of a part of Non-operating income and Non-operating expenses to present the condition of each segment in a more appropriate manner.

Segment information for the fiscal year 2025 and 2024 are presented based on the changed allocation method.

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