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Kawasaki Kisen 1Q Ordinary Profit 24 Billion Yen, Full-Year Net Profit Forecast Raised to 135 Billion Yen
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.