October 1, 2015
Kawasaki Kisen Kaisha, Ltd. ("K" Line) announces that it has become necessary to recognize a loss in the second quarter of the fiscal year ending March 31, 2016 as a result of revaluation of investment securities whose market prices have fallen substantially and are not likely to recover.
|(Millions of yen)|
|Total amount of loss from revaluation of investment securities in the second quarter of the fiscal year ending March 31, 2016 (July 1 to September 30, 2015)||8,130|
* Securities are stated at fair value. The reversal of loss would be recorded when fair value would be recovered.
* "K" Line’s fiscal year ends on March 31.