Kawasaki Kisen on the 24th revised upward its consolidated net profit forecast for the fiscal year ending March 2027, from the previous 95 billion yen to 135 billion yen. In addition to the steady performance of its dry bulk business, factors included cargo demand and market conditions in the container shipping business of equity-method affiliate Ocean Network Express exceeding initial projections. This marks a turnaround to a profit increase from the previous year's result of 132.9 billion yen, and the revised net profit forecast exceeds the average estimate of 118.9 billion yen from 10 analysts compiled by IBES.
Kawasaki Kisen Kaisha, Ltd.Company raised net profit forecast to 135 billion yen, exceeding analyst estimates, driven by strong container business at affiliate ONE.