Kawasaki Kisen reported ordinary profit of 24 billion yen for the first quarter of fiscal year ending March 2027, and revised its full-year net profit forecast upward from 95 billion yen to 135 billion yen. The stock price rose 17% in one month, with a P/E ratio of 15.31 and P/B ratio of 1.15 as of August 26. The company's full-year forecasts as of the first quarter include net sales of 1.07 trillion yen (up 5.1% year-on-year), operating profit of 85 billion yen (up 1.0%), ordinary profit of 135 billion yen (up 23.7%), and net profit of 135 billion yen (up 1.5%). The dividend forecast remains unchanged at 120 yen per share. The previous fiscal year's ordinary profit was 109.1 billion yen, down 64.6% year-on-year, mainly due to a decrease in investment profit from equity method affiliates, with a significant contribution from the container shipping joint venture OCEAN NETWORK EXPRESS PTE. LTD. The company used only about 10% of its operating cash flow of 264.7 billion yen for investments, allocating the rest to loan repayments and shareholder returns, and also bought back more than 4% of its own shares in one quarter.
Kawasaki Kisen Kaisha, Ltd.Raised full-year net profit forecast and strong Q1 results
