January 30, 2015     Japanese 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
Kawasaki Kisen Ups Revenue Forecast on Rosy Container Ship Business

Tokyo, July 25, 2008 (Jiji Press) - Major shipping company Kawasaki Kisen Kaisha Ltd. <9107> said Friday it has raised its group revenue forecast for fiscal 2008 to next March due to the strength of its mainline container ship operations.

The revenue estimate now stands at 1.4 trillion yen, up from the earlier projection of 1.34 trillion yen. The revised figure is up 5.2 pct from the fiscal 2007 revenue.

In the container vessel operations, demand for Europe- and Latin America-bound shipping services are faring well, more than offsetting a slump in North America-bound services, Kawasaki Kisen said.

With the robust container ship business seen absorbing the negative impact of soaring fuel costs, the firm kept its fiscal 2008 group profit forecasts unchanged. Operating profit is estimated at 124 billion yen, down 4.4 pct from fiscal 2007, and net profit is projected at 78 billion yen, down 6.0 pct.

For the April-June first quarter, Kawasaki Kisen reported a group revenue of 349,489 million yen, up 13.0 pct year on year. Operating profit fell 0.5 pct to 32,146 million yen while net profit was down 16.6 pct at 21,531 million yen.

By Jiji Press, (c) Jiji Press

Copyright © 2015 JCN. All rights reserved. A division of Japan Corporate News Network KK.

 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  KLINE News  
  "K" Line Sustains Inclusion in FTSE4Good Global Index  (Oct 16, 2014)
  "K" Line and Ports America Announce Strategic Partnership  (July 31, 2014)
  CKYH Alliance to Cancel 7 Voyage Plans During Winter  (Nov 29, 2012)
  Four Japanese Partners Deliver Ultra-Deepwater Drillship to Petrobras  (May 17, 2012)
  CKYH-the Green Alliance to Expand Cooperation with Evergreen  (Dec 27, 2011)
  K Line Issues Social and Environmental Report 2010  (Aug 13, 2010)
  "K" Line Implements Share Transfer with Air Tiger Express Companies  (June 16, 2010)
  "K" Line to Invest in Zhejiang Eastern Shipyard Co.  (Nov 6, 2009)
  "K"Line Strikes Long-Term Iron Ore Transport Agreement with Anshan Iron Steel Group  (Sept 2, 2009)
  Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors  (Nov 26, 2008)

 Recent  Shipping & Transportation News   
NYK Begins Project to Encourage Greater Maritime Awareness Among Students (Jan 23, 2015)
ANA to Launch Services to Kuala Lumpur; Increases Narita-Honolulu Route Flight (Jan 21, 2015)
KNOT Group Concludes Time-charter Contract for Shuttle Tanker  (Jan 16, 2015)
ANA to Increase International Free Baggage Allowance  (Dec 15, 2014)
JAL and SriLankan Airlines Launch Codeshare Cooperation (Nov 27, 2014)
JAL to Introduce Fully Revamped 767-300ERs (Nov 24, 2014)
ANA Wins at Payload Asia Awards 2014 (Nov 18, 2014)
SMBC Aviation Capital Orders Boeing Aircraft (Nov 10, 2014)
NYK, YLK Jointly Hold Training Program for National Staff from Offices (Oct 30, 2014)
JAL Wins Future Travel Experience Award for the Trial of iBeacon and Smartwatch (Oct 29, 2014)

More Shipping & Transportation news...
CSR Report Download
Annual Reports

  More >>    
Most Popular

About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)