FACTBOOK 2023

Business Segment and Market Data

As of August 2023

Management Policy Corporate Principle and Vision

Corporate Principle

- Trust from all over the world -­

As a logistics company rooted in the shipping industry, we help make the lives of people more affluent.

Vision

As a partner trusted by all its stakeholders, we aim for sustainable growth and greater corporate value by supporting the infrastructure of the global community.

Values the "K" LINE Group prizes

Providing safe and

Providing the value only

Contributing to the global

Respecting individuals and

Tireless attitude toward

Relentless efforts to

ensuring fair business

optimizedservices that

"K" LINE can in pursuit

environment and a

problem solving

achieve innovation

activities by embracing

put the customer first

of expertise

sustainable society

diverse values

1

Corporate History

1968

1983

1994

2016

Completed our first full

Completed Japan's first

Completed the wide-

Completed our environmental

containership, GOLDEN

LNG carrier, BISHU MARU.

beam / shallow draft

flagship, DRIVE GREEN

GATE BRIDGE.

coal carrier, CORONA

HIGHWAY.

ACE, the basic type

for the transport of

thermal coal.

1919

Established as

Kawasaki Kisen

Kaisha, Ltd.

2019

2021

Decided to install the Seawing

Completed the LNG-fueled car

automated kite systems on ships.

carrier, CENTURY HIGHWAY GREEN.

Introduced First Climate Transition

Finance in Japan.

100th anniversary.

Participated in membership in

CO2-free Hydrogen Energy Supply-

Chain Technology Research

Association (HySTRA) and the

world's first verification testing

of a liquid hydrogen carrier.

1970

Completed Japan's first pure car carrier (PCC), TOYOTA MARU No. 10.

1986

2015

2018

2020

Established the first

Adopted the long-term "K" LINE

Commenced Ocean

Revised "K" LINE

Japanese shipping

Environmental Vision 2050.

Network Express (ONE).

Environmental Vision 2050

company to offer dou-

Completed the super-sized

(see page 33).

blestack train transporta-

(14,000 TEU) container vessel,

Completed LNG bunkering

tion in North America.

MILLAU BRIDGE.

vessel KAGUYA (see page 23).

2023

2023

Entered into long-term

contracts for two liquefied CO2 vessels ships for world's first full-scale carbon capture and storage value chain

project (see page 23).

Image provided by

Central LNG Marine Fuel

Image provided by

Japan Corporation

Northern Lights JV DA

CONTENTS

1

Management Policy

02

Medium-Term Management

03

Business Segment Data

23

Offshore / Fuel Business /

Plan FY2022

Carbon Neutrality Initiatives

2

Corporate History / Contents

14

Segment Overview

24

Car Carrier Business

01 "K" LINE at a Glance

  8

Overview of the Long-Term

15

Segment Overview / Number of

26

Logistics Business

Management Vision and

Vessels in Operation

27

Containership Business

Medium-Term Management Plan

16

World Seaborne Trade /

3

Financial Highlights

10

Business Strategy

4

Transportation Capacity Data

04

ESG / Sustainability

Financial Data

11

Capital Policy

17

Dry Bulk

6

Business Performance

13

Business Base

20

LNG Carrier / Electricity and

31

Management Strategy and

7

Major Containership Companies

Materiality

Offshore Business

CY2022: Full-Year Results

21

Tanker / Fuel Business

Comparison

  1. Sustainability Governance / Management Structure
  2. Environmental Vision
  3. Environmental Regulation / Environmental Data
  4. Environment-RelatedInvestment, Strengthening Our Approach to DX
  5. Safety in Navigation and Cargo Operations
  6. Human Rights / Work-Life Balance / Diversity
  1. Corporate Governance
  2. Governance Data / "K" LINE's ESG and Sustainability Disclosure
  3. External Recognition

05 Outline of the Company / Stock Information

  1. Global Network
  2. Outline of the Company / Stock Information

2

01

"K" LINE at a Glance

Financial Highlights

"K" LINE at a Glance

Medium-Term

Business

ESG /

Outline of the Company /

Management Plan FY2022

Segment Data

Sustainability

Stock Information

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

(Millions of yen)*1

Operating revenues

¥1,134,771

¥1,224,126

¥1,352,421

¥1,243,932

¥1,030,191

¥1,162,025

¥836,731

¥735,284

¥625,486

¥   756,983

¥   942,606

Operating results

Operating income (loss)

14,886

28,854

47,988

9,427

(46,037)

7,219

(24,736)

6,840

(21,286)

17,663

78,857

(for the year)

Ordinary income (loss)

28,589

32,454

48,980

3,338

(52,388)

1,962

(48,933)

7,407

89,498

657,504

690,839

Profit (loss) attributable to owners of the parent

10,669

16,642

26,818

(51,499)

(139,478)

10,384

(111,188)

5,269

108,695

642,424

694,904

Total assets

1,180,433

1,254,741

1,223,328

1,115,223

1,045,209

1,036,886*2

951,261

896,081

974,608

1,574,960

2,052,616

Net assets

361,975

410,688

467,440

379,913

245,482

243,094

181,233

200,234

316,162

984,882

1,546,679

Equity capital

340,571

388,837

441,531

355,375

219,484

217,010

103,576

101,095

218,193

884,634

1,515,399

Interest-bearing liabilities

629,864

643,794

536,846

525,152

550,512

570,584

550,211

543,451

507,005

423,455

351,692

Financial position

Capital expenditures

134,554

93,377

89,501

116,592

68,048

101,105

97,911

81,148

45,332

43,442

71,827

(at year-end)

Depreciation and amortization

59,667

52,243

53,526

48,302

47,421

43,410

40,789

44,253

43,869

42,821

42,396

Cash flows from operating activities

59,756

88,228

101,825

39,635

(43,919)

1,167

(6,808)

(21,797)

33,397

226,460

456,049

Cash flows from investing activities

(27,212)

(5,113)

(11,177)

(29,569)

(24,881)

(22,813)

(35,493)

(20,286)

16,987

(5,848)

(46,745)

Free cash flows

32,544

83,115

90,648

10,066

(68,801)

(21,646)

(42,303)

(42,083)

50,384

220,611

409,304

Cash flows from financing activities

26,364

(26,634)

(119,253)

(14,835)

26,436

22,239

19,290

16,731

(34,845)

(116,001)

(300,790)

Earnings (loss) per share (EPS) (Yen)

40

59

95

(183)

(496)

37

(397)

19

388

2,296

2,571

Per share data*3

Book-value per share (BPS) (Yen)

1,211

1,382

1,570

1,264

781

776

370

361

780

3,161

6,128

Cash dividends applicable to the year (Yen)

8

15

28

17

-

-

-

-

-

200

400

Dividend payout ratio (%)

20.7

25.4

29.7

-

-

-

-

-

-

8.7

15.6

Ordinary income (loss) on revenue (%)

2.5

2.7

3.6

0.3

(5.1)

0.2

(5.8)

1.0

14.3

86.9

73.3

Profit (loss) attributable to owners of the parent on revenue (%)

0.9

1.4

2.0

(4.1)

(13.5)

0.9

(13.3)

0.7

17.4

84.9

73.7

Return on equity (ROE) (%)

3.7

4.6

6.5

(12.9)

(48.5)

4.8

(69.4)

5.1

68.1

116.5

57.9

Return on assets (ROA) (%)

2.5

2.7

4.0

0.3

(4.8)

0.2*2

(4.9)

0.8

9.6

51.6

38.1

Debt equity ratio (DER) (Times)

1.85

1.66

1.22

1.48

2.51

2.63

5.31

5.38

2.32

0.48

0.23

Equity ratio (%)

28.9

31.0

36.1

31.9

21.0

20.9

10.9

11.3

22.4

56.2

73.8

Management index

Assets turnover (Times)

0.96

0.98

1.11

1.12

0.99

1.12

0.88

0.82

0.64

0.48

0.46

EBITDA

104,797

90,472

111,978

24,678

(77,180)

67,567

(50,293)

65,746

167,779

712,219

745,269

EV / EBITDA (Times)

6.28

6.97

5.63

21.53

(8.70)

9.57

(10.42)

7.72

3.67

1.30

1.01

Price earnings ratio (PER) (Times)

16.49

12.56

11.29

-

-

22.44

-

14.37

2.18

1.16

1.18

Price book-value ratio (PBR) (Times)

0.55

0.54

0.69

0.58

1.27

1.08

1.08

0.75

1.08

0.85

0.49

Total shareholders return (TSR) (%)

-

-

-

-

-

-

47.72

32.56

101.64

345.63

436.05

  Comparative Indicator: TOPIX Total Return (%)

-

-

-

-

-

-

94.96

85.94

122.15

124.57

131.82

Average during

Exchange rate (¥ / US$)

82

100

109

121

109

111

111

109

106

112

135

the period

Fuel oil price (US$ / ton)

671

626

541

295

265

349

450

467

363

551

769

Note: Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, issued by the Accounting Standards Board of Japan on March 31, 2020) has been applied from the beginning of fiscal 2021. The application of the Accounting Standard for Revenue Recognition and relevant ASBJ regulations is subject to the transitional treatment provided for in the proviso to paragraph 84 of the Accounting Standard for Revenue Recognition.

*1. Rounded down to the nearest millions of yen.

*2. Partial Amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, issued on February 16, 2018) has been applied from the beginning of fiscal 2018, and applied retroactively to the total assets and return on assets for fiscal 2017 for recalculation.

*3. Adjusted to reflect the October 1, 2017, common stock consolidation (10 to 1) and October 1, 2022, stock split (1 to 3) (rounded to the nearest yen).

3

01

"K" LINE at a Glance Financial Data

"K" LINE at a Glance

Medium-Term

Business

ESG /

Outline of the Company /

Management Plan FY2022

Segment Data

Sustainability

Stock Information

Operating Revenues, Assets Turnover

(Billions of yen)

(Times)

1,500

1.5

1,200

1.2

942.6

900

0.9

600

0.6

0.46

300

0.3

0

'16

'17

'18

'19

'20

'21

'22

(FY)

0

Operating revenues (left scale)  Assets turnover (right scale)

Total Assets, Equity Capital, Equity Ratio

(Billions of yen)

(%)

2,500

100

2,052.6

2,000

73.8

80

1,515.4

1,500

60

1,000

40

500

20

0

'16

'17

'18

'19

'20

'21

'22

(FY)

0

Total assets (left scale)  Equity capital (left scale)  Equity ratio (right scale)

Ordinary Income (Loss),

Ordinary Income (Loss) on Revenue

(Billions of yen)

(%)

800

100

690.8

600

73.3

75

400

50

200

25

0

0

-200

'16

'17

'18

'19

'20

'21

'22

(FY)

-25

Ordinary income (loss) (left scale)  Ordinary income (loss) on revenue (right scale)

Profit (Loss) Attributable to Owners of the Parent,

Profit (Loss) Attributable to Owners of the Parent on Revenue

(Billions of yen)

(%)

800

694.9

100

600

73.7

75

400

50

200

25

0

0

-200

'16

'17

'18

'19

'20

'21

'22

(FY)

-25

Profit (loss) attributable to owners of the parent (left scale)

Profit (loss) attributable to owners of the parent on revenue (right scale)

Return on Equity (ROE),

Return on Assets (ROA)

(%)

160

120

80

57.9

40

38.1

0

-40

-80

'16

'17

'18

'19

'20

'21

'22

(FY)

ROE 

ROA

Interest-Bearing Liabilities,

Debt Equity Ratio (DER)

(Billions of yen)

(Times)

600

6

500

5

400

351.7

4

300

3

200

2

100

1

0.23

0

'16

'17

'18

'19

'20

'21

'22

(FY)

0

Interest-bearing liabilities (left scale)  DER (right scale)

4

Attachments

Disclaimer

K Line - Kawasaki Kisen Kaisha Ltd. published this content on 29 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2023 04:49:13 UTC.