Kyoei Tanker Reports Major Shareholding Details

TOKYO, Jun 29 (Pulse News Wire) – Kyoei Tanker CO.,LTD. (9130.T) disclosed significant shareholding details as of March 31, 2026.

Nippon Yusen Co., Ltd. holds a direct stake of 30%, making it the controlling shareholder. Additionally, Nippon Yusen maintains close ties through shared vessels, charter agreements, and vessel management contracts. In related transactions from April 1, 2025, to March 31, 2026, Kyoei Tanker reported total transaction amounts of ¥6.588 billion, primarily involving ship leasing and advance payments totaling ¥80.3 million.

Other key transactions included ship borrowings worth ¥327.6 million and contract liabilities amounting to ¥529.5 million. General management fees and unpaid shipping expenses also featured prominently, with respective figures of ¥118 billion and ¥322.2 million. Notably, the company highlighted that ship leasing and borrowing amounts are determined based on vessel costs through negotiation. Shared profits and losses from jointly owned ships are allocated according to agreed-upon ratios with Nippon Yusen.