Kawasaki Kisen substantially raised its net profit forecast for the current fiscal year. The report said the improvement in dry bulk shipping market conditions was behind the revision and that the shares rebounded for the first time in 3 sessions.
Kawasaki Kisen announced that it had revised its earnings forecast for the fiscal year ending March 2027 and substantially raised its net profit forecast. The announcement was reportedly made after the close of trading.
The improvement in dry bulk shipping market conditions was cited as the background, with stronger demand for vessel capacity and higher freight rates said to have contributed.
Kawasaki Kisen's share price reportedly rebounded for the first time in 3 sessions following the announcement.