ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Kawasaki Kisen poised for 23-fold surge in profit to record $2bn

Container ship demand buoys Japan shipper beyond upgraded guidance for 1st half

Ocean Network Express, the containership joint venture known as ONE, helped lift Kawasaki Kisen Kaisha's profit to a new record in the first half.   © Reuters

TOKYO -- Japanese marine shipper Kawasaki Kisen will likely report a record pretax profit of roughly 230 billion yen ($2.02 billion) for the first half ended September, Nikkei has learned, a company record for any six-month period, thanks to the boom in container ship demand.

That would mark a 23-fold jump from a year earlier, surpassing the latest projection by 30 billion yen. In May, Kawasaki Kisen initially forecast a 44 billion yen pretax profit for the first half, then issued two upgrades in quick succession.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more