IINO LINES to Sell VLCC ‘KIHO,’ Booking ¥6.9 Billion Extraordinary Gain

Iino Kaiun Kaisha,Ltd. ( (JP:9119) ) has provided an update.

IINO Kaiun Kaisha will sell a very large crude oil carrier, the 2006-built KIHO, owned by its consolidated subsidiary DRAGON’S MOUTH CARRIERS S.A., to an unrelated overseas third-party buyer between early April and the end of May 2026. The transaction, aimed at improving asset efficiency and optimizing management resources, is expected to generate an extraordinary gain of about ¥6.9 billion in consolidated results for the fiscal year ending March 31, 2027, though the timing, related expenses, and final profit remain subject to geopolitical and operational uncertainties.

The company notes that while the sale price and book value are confidential, the vessel will be transferred at fair market value, and the gain figure reflects estimated costs tied to the transaction. Management cautions that geopolitical risks affecting the ship’s routes and port schedules could delay completion, trigger cancellation, or alter the final profit contribution, and it pledges to update disclosures if material changes occur.

The most recent analyst rating on (JP:9119) stock is a Hold with a Yen1756.00 price target. To see the full list of analyst forecasts on Iino Kaiun Kaisha,Ltd. stock, see the JP:9119 Stock Forecast page.

More about Iino Kaiun Kaisha,Ltd.

IINO Kaiun Kaisha, Ltd., known as IINO LINES, is a Japan-based shipping company listed on the Tokyo Stock Exchange Prime. It operates in the maritime transport industry, with a fleet that includes very large crude oil carriers, and focuses on international seaborne logistics services for energy and other cargoes.

Average Trading Volume: 251,815

Technical Sentiment Signal: Buy

Current Market Cap: Yen177.2B

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