Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, President & CEO: Yukikazu Myochin, hereinafter ““K” LINE”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & CEO: Yoshihiro Fukai, hereinafter “Kamigumi”) announced today that it was agreed that “K” LINE will establish a holding company that will become the parent company of “K” LINE LOGISTICS, LTD. (hereinafter “K” LINE LOGISTICS) to which “K” LINE will transfer all of the shares of “K” LINE LOGISTICS held by “K” LINE, and assuming the approvals and licenses from the relevant authorities are granted and relevant procedures have been made, “K” LINE will transfer 47% of the total shares of the holding company to Kamigumi.

We have been providing international logistics services, including forwarding, for more than 60 years, and plays an important role as a core company in the logistics business of the “K” LINE Group. Through this capital alliance, we aim to achieve further growth in domestic and overseas markets by collaborating making full use of both the global network of logistics services built up and abundant logistics know-how and sales assets of Kamigumi, strengthening the functions of contract logistics, and providing high-quality and more diverse logistics services to customers.
We will do our best to ensure that this capital alliance will enable us to provide even more enhancing services to our customers.

NEWS RELEASES(Move to the homepage of Kawasaki Kisen Kaisha, Ltd.)：
Notice of the Establishment of a Holding Company of Consolidated Subsidiary of Kawasaki Kisen Kaisha, Ltd. (“K” LINE LOGISTICS, LTD.) and the Partial Transfer of the Company's Shares to Kamigumi Co., Ltd.