Ocean Network Express Pte. Ltd., which operates a containership business, expects cargo demand and spot freight rates to exceed the initial forecast. 

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) (hereinafter, “the Company”) announces that it has revised its consolidated financial forecasts for the fiscal year ending March 2027 from the previously announced forecasts on August 4, 2026. 
1. Revision of Financial Forecasts  
1) Consolidated Financial Forecasts for the cumulative 2nd quarter of the fiscal year ending  March 31, 2027 (April 1, 2026 - September 30, 2026) 

2) Consolidated Financial Forecasts for the fiscal year ending March 31, 2027 (April 1, 2026 - March 31, 2027)

Related: “K” LINE Holds Opening Ceremony for New Consolidated Office in Singapore

Reason for the Revision 

Due to a stable dry bulk market trend, the Company revised its financial forecast from the previously announced forecasts on August 4, 2026. Further to the above, the  Company’s equity method affiliate company OCEAN NETWORK EXPRESS PTE. LTD., that  operates containership business, expects cargo demand and spot freight rates to exceed  the initial forecast. The Company revised its consolidated financial forecast for cumulative second quarter of the fiscal year ending March 31, 2027 (April 1, 2026 to September 30,  2026) as well as full fiscal year ending March 31, 2027 (April 1, 2026 to March 31, 2027)  consolidated financial forecasts with above reason and revised estimation of Operating  revenue, Operating income, Ordinary income and Profit attributable to owners of the  parent accordingly.

Source: Press Release received by Maritime Tickers

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