Source disclosure: January 23, 2026
KYOEI TANKER CO.,LTD. [9130.T]
TOKYO, Jan 23 (Pulse News Wire) – Kyoei Tanker CO.,LTD. (9130.T) announced today that its subsidiary, KYOEI TANKER SINGAPORE PTE.
LTD., resolved to sell fixed assets during a board meeting held. As a result, the company expects approximately ¥1.800 billion in special gains to be recognized in the fiscal year ending March 2027. The sale involves the Singapore-flagged bulk carrier “KT BIRDIE,” built in 2011 with a carrying capacity of 74,866 MT. Due to the expiration of charter agreements, the vessel will be transferred to an overseas third-party entity without any capital, personal, or transactional relationships with the group. The estimated gain from the sale, which includes adjustments for related expenses, amounts to around ¥1.800 billion.
While confidentiality agreements prevent disclosing the exact selling price, the company asserts that it reflects fair market value. The final exchange rate used for conversion purposes is set at 1 dollar equaling ¥150, subject to adjustment based on rates as of December 31, 2026. This transaction will not impact the consolidated earnings forecast for the fiscal year ending March 2026. However, the anticipated special gain from the asset disposal will be included in the fiscal year ending March 2027. Details of the revised earnings outlook for the next fiscal year will be disclosed in May 2027 along with the interim report for the fiscal year ending March 2026.
AI-translated content. 🟢 Confidence: High See terms • Original filing