Kawasaki Kisen Kaisha, Ltd. Revises Earnings Guidance for the Third Quarter and Nine Months Ended December 31, 2020
February 04, 2021 at 08:20 pm EST
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Kawasaki Kisen Kaisha, Ltd. revised earnings guidance for the third quarter and nine months ended December 31, 2020. For the quarter, Before correction: The Company expects recurring profit to exceed JPY 40 billion in the current quarter (October 2020 to December 2020), and expects to exceed JPY 60 billion for cumulative results for the third quarter of the current fiscal year under review. After correction: The Company expects recurring profit to exceed JPY 40 billion in the cumulative result for the third quarter (1st April 2020 to 31st December 2020), and expects profit attributable to owners of the parent to exceed JPY 60 billion for cumulative results for the third quarter of the current fiscal year under review.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).
KAWASAKI KISEN KAISHA, LTD. 
