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 |
- Sustainability Governance / Management Structure
- Environmental Vision
- Environmental Regulation / Environmental Data
- Environment-RelatedInvestment, Strengthening Our Approach to DX
- Safety in Navigation and Cargo Operations
- Human Rights / Work-Life Balance / Diversity
- Corporate Governance
- Governance Data / "K" LINE's ESG and Sustainability Disclosure
- External Recognition
05 Outline of the Company / Stock Information
- Global Network
- 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
- Original Link
- Original Document
- Permalink
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.