Notice Concerning Dissolution of Subsidiary Company and Transfer of Fixed Assets

Notice of Amendment on “Notice Concerning Dissolution of Subsidiary Company and Transfer of Fixed Assets”

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) hereby announces to make a partial amendment in the
“Notice Concerning Dissolution of Subsidiary Company and Transfer of Fixed Assets” disclosed on
December 17, 2021, as follows:
Section to be amended
6. Extraordinary Loss to be recognized
(Before amendment)
“K” LINE expects recording an impairment loss of approximately JPY 13 billion as a result of
transfer of fixed assets, and an extraordinary loss of approximately JPY 4 billion as a provision of
allowance for loss on liquidation of subsidiaries and affiliates. In total an extraordinary loss of
approximately JPY 17 billion will be recorded in its consolidated financial statements for the fiscal
year ending March 31, 2022. This dissolution is a part of structural reform planned to be conducted
in the 2nd half of FY2021, which was released on May 10, 2021 in the consolidated financial results
forecasts for the fiscal year ending March 31, 2022. It is estimated that there will be no change in the
consolidated financial results forecasts for the fiscal year ending March 31, 2022.
The actual results may differ from the forecasts depending on various factors such as foreign
exchange rates.
(After amendment)
“K” LINE expects recording an extraordinary loss of approximately JPY 24 billion as a loss on
devaluation of shares of subsidiaries and affiliates in its non-consolidated financial statements for
the fiscal year ending March 31, 2022. “K” LINE expects recording an impairment loss of
approximately JPY 13 billion as a result of transfer of fixed assets, and an extraordinary loss of
approximately JPY 4 billion as a provision of allowance for loss on liquidation of subsidiaries and
affiliates. In total an extraordinary loss of approximately JPY 17 billion will be recorded in its
consolidated financial statements for the fiscal year ending March 31, 2022. This dissolution is a part
of structural reform planned to be conducted in the 2nd half of FY2021, which was released on May 10,
2021 in the consolidated financial results forecasts for the fiscal year ending March 31, 2022. It is
estimated that there will be no change in the consolidated financial results forecasts for the fiscal
year ending March 31, 2022.