Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announces that, that at Board of Directors meeting on Oct. 31, an update has been issued to Year-end Dividend forecast as provided below.
1. Forecast for Year-end Dividend for fiscal year ending March 2019
1) Details of Dividend Forecast
2) Reason for Dividend Forecast
“Our important management task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund investment for sustainable growth and strengthen our financial position. However, as announced today, the Company expects full year result to be \20 billion losses attributable to the owners of the parent, down from previous \5 billion profit which was forecasted on July 31, 2018. Therefore, it is with sincere regret that the Company announces it has forecasted no Year-end dividend for the current fiscal year”, K Line said in its press release.