日本海事新聞ニュース Japan Maritime Daily May 12, 2026 (Tue)

“K” Line Targets ROE Above 15% in Next Mid-Term Plan to Ensure PBR Stays Consistently Over 1.0

　In its new medium-term management plan starting in fiscal year 2027, “K”Line has set out a policy o ・・・ 続きはログインして下さいnext %E3%80%80In+its+new+medium-term+management+plan+starting+in+fiscal+year+2027%2C+%E2%80%9CK%E2%80%9DLine+has+set+out+a+policy+of+aiming+for+an+ROE+%28return+on+equity%29+of+15%25+or+higher+in+the+future.+With+profit+growth+and+improved+capital+efficiency+as+its+twin+pillars%2C+the+company+aims+to+make+a+PBR+%28price-to-book+ratio%29+above+1+the+norm+by+accelerating+growth+strategies+for+its+self-operated+businesses%2C+including+dry+bulk+carriers%2C+energy+resources%2C+and+PCTCs%2C+while+optimizing+its+equity+ratio%2C+including+off-balance-sheet+charter+hire%2C+to+around+50%25.+%3Cbr%3E%E3%80%80On+May+8%2C+the+company+held+a+briefing+on+its+fiscal+year+2025+results+and+also+explained+the+progress+of+its+current+five-year+medium-term+management+plan%2C+which+began+in+fiscal+year+2022%2C+as+well+as+the+key+issues+for+its+next+medium-term+management+plan+to+be+announced+by+the+end+of+fiscal+year+2026.+%3Cbr%3E%E3%80%80ROE+quantifies+how+much+profit+a+company+has+generated+using+money+invested+by+shareholders.+It+is+a+financial+indicator+that+shows+how+efficiently+a+company+has+earned+money.+In+its+current+medium-term+management+plan%2C+%E2%80%9CK%E2%80%9DLine+has+set+%E2%80%9Csustainably+achieving+an+ROE+of+10%25+or+higher%E2%80%9C+as+one+of+its+management+indicators.+%3Cbr%3E%E3%80%80At+the+press+conference%2C+President+Takenori+Igarashi+said%3A+%E2%80%9CWe+have+improved+considerably%2C+including+securing+an+ROE+of+8%25+in+fiscal+year+2025%2C+when+container+ships+were+not+generating+large+profits.+However%2C+one+major+reason+we+have+not+been+able+to+keep+PBR+above+1+on+a+regular+basis+is+that+we+have+not+consistently+achieved+an+ROE+of+10%25.%E2%80%9C+%3Cbr%3E%E3%80%80Regarding+efforts+under+the+current+medium-term+plan+so+far%2C+he+said+the+company+had+achieved+results+in+stabilizing+its+self-operated+businesses+and+expanding+shareholder+returns%2C+but+assessed+improving+capital+efficiency+and+investing+for+business+growth+as+challenges.+Although+its+self-operated+businesses+have+stabilized%2C+ordinary+profit+for+those+businesses+in+fiscal+year+2026%2C+the+final+year+of+the+current+medium-term+plan%2C+is+forecast+at+74+billion+yen%2C+falling+short+of+the+90-billion-yen+target.+%3Cbr%3E%E3%80%80In+the+next+medium-term+management+plan%2C+the+company+will+work+to+strengthen+its+business+model+by+enhancing+the+operations+and+functional+strategies+that+are+the+source+of+its+competitiveness%2C+with+the+aim+of+achieving+growth+in+its+self-operated+businesses.+The+company+will+concentrate+investment+in+businesses+where+it+has+strengths%2C+restrain+investment+in+businesses+that+earn+less+than+the+cost+of+capital%2C+and%2C+where+appropriate%2C+replace+parts+of+its+portfolio.+The+company+will+also+use+M%26A+%28mergers+and+acquisitions%29+to+accelerate+growth+in+its+priority+businesses.+%3Cbr%3E%E3%80%80It+will+also+work+to+address+challenges+in+the+container+shipping+business+operated+through+Ocean+Network+Express+%28ONE%29.+The+company%2C+as+a+shareholder+of+ONE%2C+will+work+with+the+new+CEO+to+strengthen+business+competitiveness%2C+improve+capital+efficiency%2C+achieve+an+optimal+capital+structure%2C+and+strengthen+governance.+%3Cbr%3E%E3%80%80The+company+will+continue+to+pursue+disciplined+growth+investments+under+its+capital+policy+and%2C+while+ensuring+capital+efficiency+and+financial+soundness%2C+proactively+enhance+shareholder+returns.+In+the+short+term%2C+the+company+aims+to+lower+its+equity+ratio%2C+including+off-balance-sheet+items%2C+to+around+50%25+and+optimize+its+capital+structure.+%3Cbr%3E%E3%80%80As+of+the+end+of+fiscal+year+2025%2C+the+company%E2%80%99s+return+on+equity%2C+excluding+off-balance-sheet+charter+hire%2C+was+76.9%25.+The+equity+ratio%2C+including+off-balance-sheet+charter+hire+of+600+billion+yen+to+700+billion+yen%2C+stands+at+59%25+to+61%25.+%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%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川崎汽船、ROE15%目指す。PBR1倍 定常化へ

2026/05/12(火)

日本海事新聞 JMD

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