Kawasaki Kisen Kaisha Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported operating revenue of JPY 760,932 million compared to JPY 977,783 million a year ago. Operating loss was JPY 34,682 million compared to operating income of JPY 15,192 million a year ago. Ordinary loss was JPY 36.9 billion compared to ordinary income of JPY 11.7 billion a year ago. Loss attributable to owners of the company was JPY 54,578 million or JPY 58.24 per basic share compared to profit attributable to owners of the company was JPY 9,275 million or JPY 8.44 per diluted share a year ago. Net cash used in provided by operating activities JPY 26,512 million against net cash provided by operating activities of JPY 36,420 million a year ago. Loss before income taxes was JPY 47,115 million against profit of JPY 20,362 million a year ago. Purchases of vessels, property and equipment were JPY 48,470 million against JPY 89,942 million a year ago. Purchases of intangible fixed assets were JPY 594 million against JPY 588 million a year ago.

The company revised consolidated earnings guidance for the fiscal year ending March 31, 2017. For the period, the company now expects operating revenue of JPY 1,010,000 million compared to JPY 970,000 million as previously forecasted. Operating loss of JPY 43,000 million compared to JPY 44,000 million as previously forecasted. Ordinary loss of JPY 47,000 million compared to JPY 54 million as previously forecasted. Loss attributable to owners of the company of JPY 94,000 million compared to JPY 45,500 million as previously forecasted.