Kawasaki Kisen Kaisha updates FY2026 outlook amid market shifts

Kawasaki Kisen Kaisha reported a 7.0% year-on-year decrease in operating revenues to 500,565 million yen and a 29.7% decrease in operating income to 42,955 million yen for the first half of FY225. Ordinary income saw a 68.1% decline to 59,669 million yen, with profit attributable to owners of the parent falling 62.5% to 68,632 million yen. Despite these declines, the company maintained its dividend forecast for FY2026 at 120 yen per share, comprising interim and year-end dividends of 60 yen each.

The revision to the full-year forecast for FY2026 shows operating revenues increasing to 984,000 million yen from the prior forecast of 968,000 million yen, while operating income, ordinary income, and profit attributable to owners of the parent are expected to decrease. Specifically, ordinary income is now forecast at 100,000 million yen, a 20,000 million yen reduction from the previous 120,000 million yen. This adjustment is primarily attributed to a revised outlook for the product logistics segment, including a 40 billion yen decrease in the self-operated business (specifically automotive transport) and a 175 billion yen decrease in the containership business compared to the August 4, 2025 forecast.

Total assets increased by 16.2 billion yen to 2,226,318 million yen as of September 30, 2025, driven by an increase in cash and deposits. Net assets also grew by 43.8 billion yen to 1,721,287 million yen, while liabilities decreased by 27.5 billion yen to 505,031 million yen. The company aims to maximize shareholder value through proactive returns, including potential share buybacks, and maintains its commitment to a stable dividend policy for FY2026.