Source disclosure: March 06, 2026, 14:00 JST
Published by Pulse News Wire: March 06, 2026, 14:10 JST
IINO KAIUN KAISHA,LTD. [9119.T]
TOKYO, Mar 06 (Pulse News Wire) – Iino Kaiun Kaisha,ltd. (9119.T) announced today that its subsidiary DRAGON'S MOUTH CARRIERS S.A.
Will sell a large crude oil tanker named "KIHO," built in 2006, generating approximately ¥69 billion in special gains for the fiscal year ending March 31, 2027. The sale, expected to take place between early April and late May 2026, aims to optimize resource utilization and enhance asset efficiency. The transaction involves a vessel with a deadweight tonnage of 300,866 DWT.
While confidentiality agreements prevent disclosing the precise selling price and book value, the company assures that the sale reflects fair market conditions. Estimated net proceeds after anticipated expenses total around ¥69 billion. However, uncertainties remain due to geopolitical risks in the ship's navigation areas, which could potentially disrupt the sale process.
The company stated that any changes affecting the deal’s outcome would be promptly disclosed.
AI-translated content. 🟢 Confidence: High See terms • Original filing