Kawasaki Kisen Kaisha, Ltd. (hereafter, “the Company”) will account following dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2021.
1) Outline of dividends
The Company will receive dividends of about 155 million U.S. Dollars from OCEAN NETWORK EXPRESS PTE. LTD., the affiliate company accounted with the equity method in the fourth quarter of the current fiscal year.
2) Impact on The Companyʼs business performance
The Company will account aforementioned dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2021.
There will not be impact on consolidated financial results at the period, as it is dividends from the affiliate company accounted with the equity method.