Q1 2020 Kawasaki Kisen Kaisha Ltd Earnings Presentation Transcript

Jul 31, 2019 / NTS GMT

Release Date Price: 円155.33 (-3.72%)

Transcript

Harusato Nihei

Kawasaki Kisen Kaisha, Ltd. - CFO, Senior Managing Executive Officer & Representative Director

We will now provide a summary of the financial highlights for the first quarter of fiscal year ending March 31, 2020. We will begin with a summary of the first quarter financial results.

The company posted ordinary income of JPY 2.7 billion and net income of JPY 7.8 billion. This represents achievement of approximately 50% -- 54% of the fiscal year 2019 full year forecast for ordinary income and approximately 70% -- 71% of the full year forecast for net income. We think that the results of the major structural reforms implemented by former President Murakami in fiscal year 2018 are appearing in the current fiscal year and that "K" LINE is off to a good start under the strong leadership of current

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