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日本海事新聞ニュース Japan Maritime Daily Jun 24, 2024 (Mon)

“K”Line share holders meeting, to emphasize its ROIC-based evaluation

Mr. Yukikazu Myochin

　“K”Line held its annual general shareholders’ meeting in Tokyo on June 21. In response to a shareho ・・・続きはログインして下さいnext %E3%80%80%3Cb%3E%E2%80%9CK%E2%80%9DLine%3C%2Fb%3E+held+its+annual+general+shareholders%E2%80%99+meeting+in+Tokyo+on+June+21.+In+response+to+a+shareholder+question+about+whether+the+company+has+a+specific+numerical+target+for+ROA+%28return+on+assets%29%2C+President+Yukikazu+Myochin+%3D+Photo+%3D+said%2C+%E2%80%9CInstead+of+ROA%2C+we+have+set+a+target+of+6+to+7%25+or+more+for+ROIC+%28return+on+invested+capital%29.+%E2%80%9CI+would+like+you+to+keep+an+eye+on+our+progress+in+ROIC+and+evaluate+our+efforts+toward+growth+and+improving+our+enterprise+value.%E2%80%9C+%3Cbr%3E%E3%80%80ROIC+is+an+indicator+used+to+measure+how+efficiently+profits+are+generated+from+actual+invested+capital%2C+which+includes+not+only+shareholders%E2%80%99+equity+but+also+interest-bearing+debt%2C+which+is+borrowed+capital.+%3Cbr%3E%E3%80%80In+response+to+a+question+about+whether+the+company+is+over-investing+in+shareholder+returns+and+not+investing+enough%2C+he+said%2C+%E2%80%9CLearning+from+the+suffering+we+experienced+due+to+excessive+investment+during+the+shipping+bubble%2C+we+are+taking+appropriate+risks+while+making+the+necessary+investments+in+projects+that+will+generate+future+cash+flows.+The+amount+of+investment+is+higher+than+before+the+coronavirus+pandemic.%E2%80%9C+%3Cbr%3E%E3%80%80The+company%E2%80%99s+capital+adequacy+ratio+as+of+the+end+of+FY+2023+was+75%25%2C+the+highest+among+the+Japanese+3+big+carriers.+When+asked+if+there+were+plans+to+limit+the+ratio+to+40+to+50%25%2C+he+replied%2C+%E2%80%9CIf+you+take+into+account+lease+and+charter+liabilities+that+are+not+recorded+on+the+balance+sheet%2C+it+will+be+in+the+upper+50%25+range.+We+will+make+the+investments+necessary+for+growth+and+return+profits+to+shareholders%2C+while+also+maintaining+a+financial+position+that+enables+us+to+raise+funds+at+a+competitive+level.%E2%80%9C+%3Cbr%3E%E3%80%80There+were+also+questions+about+the+current+shortage+of+container+ships+and+containers.+%3Cbr%3E%E3%80%80President+Myochin+said%2C+%E2%80%9CThe+fact+that+we+are+now+bypassing+the+Suez+Canal+and+going+via+the+Cape+of+Good+Hope+in+response+to+the+conflict+between+Israel+and+the+Palestinian+Islamic+organization+Hamas+has+had+a+major+impact.+Some+estimates+suggest+that+the+diversion+will+reduce+shipping+supply+by+7+to+8%25.%E2%80%9C+%3Cbr%3E%E3%80%80He+added%2C+%E2%80%9CSince+November+last+year%2C+the+%28Yemeni+armed+group%29+Houthi+has+attacked+more+than+80+civilian+merchant+ships+in+the+Red+Sea+and+the+Gulf+of+Aden.+It+will+be+difficult+to+resume+traffic+unless+the+safety+of+ships+and+crew+is+ensured.+It+could+take+several+months.+We+expect+the+ship+shortage+to+gradually+ease+in+the+second+half+of+the+year.%E2%80%9C+%3Cbr%3E%E3%80%8073+shareholders+attended+this+general+shareholders%E2%80%99+meeting+%2895+in+the+previous+meeting%29.+It+takes+73+minutes+%2869+minutes+in+the+previous+meeting%29.+Seven+shareholders+asked+11+questions.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E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