IINO KAIUN KAISHA,LTD. [9119.T]
TOKYO, May 08 (Pulse News Wire) – Iino Kaiun Kaisha,ltd. (9119.T) reported lower revenue and profits for the fiscal year ended March 31, 2026.
Revenue decreased to ¥127.3 billion compared to ¥141.9 billion in the previous fiscal year, marking a decline of 10.3%. Operating profit was ¥13.44 billion from ¥2.8 million, representing a drop of -21.4%. The company attributed the declines primarily to softer global economic conditions and geopolitical risks such as the ongoing blockade of the Strait of Hormuz, which affected shipping operations to and from the Middle East. Despite these challenges, the firm managed some positive outcomes, particularly in its large ethane carrier fleet, with the completion of its second vessel in January 2026 contributing to stable revenues.
For the upcoming fiscal year ending March 31, 2027, IINO KAIUN anticipates continued uncertainty due to geopolitical tensions but assumes a gradual recovery post-June 2026, contingent upon the reopening of the Strait of Hormuz. Based on this scenario, the company projects sales growth of 1.3% and operating profit improvement of -32.3%. Additionally, the company plans to distribute increased dividends for the current fiscal year, with an interim dividend of ¥24 per share and a final dividend of ¥4 per share, totaling ¥59 per share for the year. For the next fiscal year, the company expects to maintain a steady dividend payout of ¥23 per share for the interim and ¥23 per share for the final dividend, summing up to ¥46 per share annually.
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