It has become known to us that a certain NVOCC company had circulated false e-mails stating a potential bankruptcy of “K” Line to their customers. The message contained in the e-mails is unfounded without basis of any financial analysis and what is stated therein is false. We have strongly protested to the said company, who has admitted that the statement was false and promised to send to their customers a message to retract such statement. We are also considering to take any necessary legal measures that we may have against the concerned parties.
Our financial condition is sound as shown in the link below, more specifically: As of 30 June 2016, the Cash and deposits is JPY 214,304 mil（approx. US$ 2,082mil.）; Total net asset is JPY 330,392 mil (approx. US$ 3,210mil); equity ratio is 29.1%; and liquidity ratio is 154.5%, and moreover, we maintain the credit rating at the same sound and viable level as other shipping companies. It is evident also from these figures that the messages sent by the said company to its customers are erroneous.
We have been providing and will assure to continuously provide our customers with our high quality services.
Publication of the “K” LINE REPORT 2016
Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce the publication of “K” LINE REPORT 2016.
The purpose of the report is to provide all “K” Line stakeholders with a better understanding of the Group’s basic policies and activities for improving our corporate values as well as providing both financial and non-financial information.
The “K” LINE Group has defined the Value (“K” LINE Value) as a symbol of the improvement of its corporate value. This report, composed of the following three parts, explains about corporate value.
What is  Value? | Explanation of our picture of the future and corporate value through our vision. |
| Creating Value | Introduction of the way of creation of corporate value through an interview with the president and business activities. |
| Foundation of Creating Value | Explanation about corporate governance which has become the foundation of the value creation |
The “K” LINE REPORT 2016 is available on “K” Line’s website at http://www.kline.co.jp/en/ir/library/annual/index.html or http://www.kline.co.jp/en/csr/report/index.html
Source: kline
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