K Line reports Q2 profit decline, revises full-year forecasts

For the second quarter of the fiscal year ending March 2026, Kawasaki Kisen Kaisha reported consolidated net sales of JPY 500,565m, a 7.0% decrease year-on-year. Operating profit fell 29.7% to JPY 42,955m, while ordinary profit saw a significant 68.1% decline to JPY 59,669m. Net profit attributable to owners of parent decreased by 62.5% to JPY 68,632m. Basic earnings per share for the interim period were JPY 108.61, down from JPY 268.58 in the previous year.

Despite the interim decline, the company has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026. The revised forecast projects net sales of JPY 984,000m (up 1.7% from the previous forecast), operating profit of JPY 86,000m (down 4.4%), ordinary profit of JPY 100,000m (down 16.7%), and net profit attributable to owners of parent of JPY 105,000m (down 8.7%). The annual dividend forecast remains JPY 120 per share, with an interim dividend of JPY 60 and a year-end dividend of JPY 60.

Total assets increased by JPY 16,269m from the end of the previous fiscal year to JPY 2,226,318m, driven by an increase in cash and deposits. Net assets increased by JPY 43,838m to JPY 1,721,287m, primarily due to an increase in retained earnings.