“K” LINE BUYS BACK ITS OWN SHARES

“K” LINE BUYS BACK ITS OWN SHARES

“K” LINE BUYS BACK ITS OWN SHARES

   Kawasaki Kisen Kaisha, Ltd. has bought back one million shares of its own common stock, for Yen 153 Million.

   The Japanese shipping group said that the shares will be held as treasury stock.

   “The acquisition is expected to enable the company to more effectively carry out capital policies in keeping with changing business circumstances,” “K” Line said.