-FY2019 3Q- 31 st Jan 2020 Table of Contents A Market Information - PowerPoint PPT Presentation

Supplementary Report -FY2019 3Q- 31 st Jan 2020

Table of Contents A Market Information & Loading Volume by Business Segment ∎ A-1 ：『 Dry Bulk Carriers 』『 Tankers 』 “Baltic Exchange Dry Index” “World Scale” 1 ∎ A-2 ：『 Car Carriers 』 “Volume” by Loading/Discharging Area 2 B “K” Line Group Fleet Composition ∎ B-1: “K” Line Group Vessels in Operation 3 ∎ B-2: 『 Dry Bulk Carriers 』『 LNG Carriers/Tankers/Thermal Coal Carriers 』 4 『 Offshore Energy E&P Support 』『 Car Carriers 』 ∎ B-3: 『 Short Sea/Coastal Ships 』『 Containerships 』 New Buildings Delivery Schedule 5 Others C ∎ C- 1:“Non - Operating Income and Expenses” “Extraordinary Profits and Losses” 6 ∎ C-2:Performance per Segment 7

A-1 『 Dry Bulk Carriers 』 『 Tankers 』 “Baltic Exchange Dry Index” “World Scale” Baltic Dry Index 3,000 2013 2014 2,000 2015 2016 1,000 2017 2018 2019 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC World Scale VLCC(AG/JPN) 175 150 2013 125 2014 100 2015 2016 75 2017 50 2018 25 2019 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 1

A-2 『 Car Carriers 』 “Volume” by Loading/Discharging Area (10,000 Units) 100 99 95 93 91 91 89 88 86 86 84 84 84 84 84 84 82 82 82 79 82 81 80 82 81 80 78 77 77 75 76 74 73 60 40 20 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2012F 2013F 2014F 2015F 2016F 2017F 2018F 2019F Japan ・ FE/North America Japan ・ FE/Europe Japan ・ FE/The Other Area Trade not From/To Japan ・ FE Trade bound for Japan ・ FE Intra-Europe 2

B-1 “K” Line Group Vessels in Operation "K" Line Group Fleet Composition MAR 2019 209 94 9 90 54 64 520 DEC 2019 195 93 8 84 52 46 478 0 100 200 300 400 500 600 Dry Bulk Carriers LNG Carriers/Tankers/Thermal Coal Carriers Offshore Energy Support Vessels Car Carriers Short Sea and Coastal ships Containerships ”K"LINE Group Vessels in Operation DEC 2019 MAR 2019 Owned Chartered Total Total Type of Vessel No. DWT(MT) No. DWT(MT) No. DWT(MT) No. DWT(MT) Dry Bulk 58 7,066,538 137 18,272,892 195 25,339,430 209 26,423,503 Thermal Coal Carriers 8 703,971 21 1,876,643 29 2,580,614 25 2,207,803 LNG Carriers 45 3,801,242 2 152,272 47 3,953,514 47 3,950,938 Tankers 12 1,769,681 5 776,868 17 2,546,549 22 3,269,333 Offshore Support Veesels 6 29,186 0 - 6 29,186 7 32,481 Drillship 1 - 0 - 1 - 1 - FPSO 1 - 0 - 1 - 1 - Car Carriers 38 529,072 46 855,662 84 1,384,734 90 1,479,845 Short Sea and Coastal ships 25 212,972 27 391,609 52 604,581 54 612,051 Containerships 7 460,448 39 3,621,895 46 4,082,343 64 4,943,047 Total 201 14,573,110 277 25,947,841 478 40,520,951 520 42,919,001 * The number of owned vessels includes co-owned vessels, and deadweight tonnage includes share of other companies' ownership in co-owned vessels. * Includes flagships and spot and/or short term activities at the end of term. 3

B-2 『 Dry Bulk Carriers 』『 LNG Carriers/Tankers/Thermal Coal Carriers 』 『 Offshore Energy E&P Support 』 『 Car Carriers 』 LNG Carrier/Tankers/Thermal Coal Carriers Dry Bulk Carriers MAR 2019 47 8 3 1 2 8 25 MAR 2019 96 4 55 37 7 10 94 209 DEC 2019 47 5 3 0 3 6 93 29 DEC 2019 195 93 4 51 33 4 10 0 20 40 60 80 100 LNG Carriers LPG Carriers 0 50 100 150 200 250 Chemical Tankers Product Tankers Capesize Over Panamax Panamax AFRAMAX VLCC Handymax Small Handy Chip Thermal Coal Carriers ※The number of LNG Carriers includes 28 vessels owned by SPC of the projects. Car Carriers Offshore Energy E&P Support 9 MAR 2019 1 1 5 2 MAR 2019 90 15 40 14 6 4 4 7 8 DEC 2019 1 1 4 2 DEC 2019 84 15 37 13 4 4 4 7 0 5 10 0 20 40 60 80 100 Drillship FPSO 7,000 Units 6,000 Units 5,000 Units 4,000 Units Platform Supply Vessel Anchor Handling Tug Supply Vessel 3,000 Units 2,000 Units ～ 2,000 Units 4

B-3 『 Short Sea and Coastal Ships 』 『 Containerships 』 New Building Delivery Schedule New Building Delivery Schedule FY2019 FY2020 FY2021 Short Sea and Coastal Ships Dry Bulk Carriers 4 2 3 Capesize 3 2 1 54 MAR 2019 23 20 5 1 5 Panamax 1 2 Handymax 52 Small Handy DEC 2019 23 18 5 1 5 Chip LNG Carriers 0 0 0 0 10 20 30 40 50 60 Tankers 2 0 0 Short Sea Coastal Ships VLCC Ferry Offshore Support Vessel Others AFRAMAX 2 LPG Containerships Thermal Coal Carriers 5 0 0 Offshore Energy E&P Support Vessels 0 0 0 64 MAR 2019 12 13 8 18 13 Offshore Drillship FPSO 46 DEC 2019 12 13 7 7 7 LNG Bunkering Vessels 0 1 0 Car Carriers 0 1 0 7020 Units 1 0 10 20 30 40 50 60 70 Short Sea and Coastal ships 0 2 0 14,000TEU 8,000TEU 5,500TEU 4,200TEU 1,700TEU Total 11 6 3 5

C-1 “Non - Operating Income and Expenses” “Extraordinary Profits and Losses” Non-Operating Income and Expenses （billion yen） 1H 3Q Total Financial Gain/Loss - 3.1 - 1.8 - 4.9 Equity in Gain/Loss of subsidiaries and affiliates 6.6 1.5 8.2 Exchange Gain/Loss - 1.8 0.9 - 0.9 Others 0.6 - 0.1 0.6 Consolidated Total 2.3 0.6 2.9 Extraordinary Profits and Losses 1H 3Q Total Gain/Loss on Sales of Fixed Assets 2.6 0.1 2.7 Gain/Loss on Sales of Investments in Securities - 0.3 0.3 Gain/Loss on Liquidation of Subsidiaries 2.7 0.0 2.7 Impairment Loss - 0.3 0.0 - 0.3 Others 0.9 - 0.2 0.8 Consolidated Total 5.9 0.3 6.2 6

C-2 Performance per Business Segment ※ Current Segment Basis Operating Revenues （million yen） Operating Revenues （million yen） FY2014 FY2015 FY2016 FY2017 FY2017 FY2018 Containership 684,781 622,962 524,082 603,786 Dry Bulk 249,043 273,986 Bulk Shipping 603,724 570,151 458,984 523,940 Energy Resource 75,415 88,701 Offshore Energy E&P Transport 35,319 24,656 19,420 7,472 Support & Heavy Lifter Product Logistics 806,689 449,929 Other 86,414 87,225 79,970 82,071 Other 87,018 82,129 Total 1,410,239 1,304,996 1,082,457 1,217,270 Total 1,218,166 894,747 Adjustment - 57,818 - 61,063 - 52,266 - 55,245 Adjustment - 56,141 - 58,015 Consolidated 1,352,421 1,243,932 1,030,191 1,162,025 Consolidated 1,162,025 836,731 Ordinary Income Ordinary Income FY2014 FY2015 FY2016 FY2017 FY2017 FY2018 Containership 20,623 - 10,049 - 31,488 3,366 Dry Bulk - 132 4,441 Bulk Shipping 36,501 24,656 - 9,476 3,202 Energy Resource 440 2,491 Transport Offshore Energy E&P - 5,670 - 6,553 - 5,119 - 965 Product Logistics 5,777 - 49,196 Support & Heavy Lifter Other 3,017 1,124 Other 3,024 1,826 2,518 3,341 Total 9,102 - 41,139 Total 54,477 9,879 - 43,566 8,945 Adjustment - 7,140 - 7,794 Adjustment - 5,497 - 6,541 - 8,822 - 6,982 Consolidated 1,962 - 48,933 Consolidated 48,981 3,338 - 52,388 1,962 ※From FY2018, We renewed our Business Segment for disclosure as below due to the Integration of Container Shipping Businesses as “Ocean Network Express”. (Old) 「 Containerships 」「 Bulk Shipping 」「 Offshore Energy E&P Support & Heavy Lifter 」 and 「 Others 」 → (Current) 「 Dry Bulk 」「 Energy Resource Transport 」「 Product Logistics 」 and 「 Others 」 “K”LINE Group seek development of customer -oriented new business model and rebuild our business portfolio. 7