Overview
Marine Transportation

IINO KAIUN KAISHA,LTD.

Iino Kaiun Kaisha operates three core business segments: international ocean shipping (including tankers, gas carriers, and dry bulk vessels), coastal/short-sea shipping primarily through its gas transport subsidiary, and real estate comprising office building ownership and management in Japan and overseas. The company is a specialist in energy-related maritime transport, with a particular focus on chemical tankers, LNG/LPG carriers, and methanol-capable dual-fuel vessels, serving global energy and commodity markets. Its real estate portfolio is anchored by the landmark Iino Building in Tokyo's Uchisaiwaicho district, complemented by international properties in London and development projects in the United States.

Market Cap
¥171B
US$1.09B
EV
¥260B
US$1.66B
Stock¥1,615▼-0.25%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.0
x
LTM EV/EBIT
17.9
x
LTM PER
7.4
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+15.7%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 31, 25Stock rise due to strong earnings
2Mar 18, 26Stock rise due to activist investment
MC → EV Bridge
171BUS$1.09BMarket Cap144BUS$915M+ Debt18.3BUS$117M− Cash35.9BUS$229M− Inv. Sec.0.04BUS$0.27M+ NCI260BUS$1.66BEV
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Performance & Balance
Revenue 5Y (¥B)
104US$664M'22/3141US$901M'23/3138US$880M'24/3142US$905M'25/3127US$812M'26/3
EBITDA 5Y (¥B)
19.3US$123M'22/332.2US$206M'23/332.4US$207M'24/331.2US$199M'25/327.0US$172M'26/3
Net Income 5Y (¥B)
12.5US$79.9M'22/322.7US$145M'23/319.7US$126M'24/318.4US$117M'25/315.4US$98.2M'26/3
Capital Structure
54%
46%
EquityD/E 0.86xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
30.3US$193M126US$803M'22/334.8US$222M114US$730M'23/343.9US$280M124US$789M'24/337.3US$238M123US$782M'25/348.4US$309M143US$913M'26/3
Shareholders
Top 10 hold 39.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.83%
2
IINO KAIUN KAISHA,LTD. Business Partners' Stock Ownership Association
6.03%
3
Tokio Marine & Nichido Fire Insurance Co., Ltd.
3.98%
4
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.97%
5
STATE STREET BANK AND TRUST COMPANY 505018 (Standing Proxy: Mizuho Bank, Ltd.)
3.24%
6
Takenaka Corporation
3.16%
7
Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
2.92%
8
Custody Bank of Japan, Ltd. (Trust Account)
2.92%
9
Misuga Kaiun Co., Ltd.
2.34%
10
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
2.20%
Management
12 officers
Yusuke OTANI
Representative Director, President and Executive Officer
Apr 1991 Joined the Company Jun 2010 Leader, Operations Group, Iino Gas Transport Co., Ltd. Jun 2012 Leader, Gas Carrier Group, the Company Jun 2014 Representative, Dubai Representative Office, the Company Jun 2016 General Manager, General Affairs and Planning Division, the Company Jun 2017 General Manager, Corporate Planning Division and General Manager, Business Development Promotion Division, the Company Jun 2018 Executive Officer; General Manager, Corporate Planning Division (concurrent), the Company Jun 2019 Executive Officer; Representative Director, President, Iino Enterprise Co., Ltd. Jun 2020 Director, Executive Officer, the Company Jun 2021 Director, Managing Executive Officer, the Company Apr 2023 Representative Director, President and Executive Officer, the Company (current)
1967-09-16
Osamu FUNAKODA
Director, Managing Executive Officer
Apr 1991 Joined the Company Jan 2013 Seconded to IINO SINGAPORE PTE. LTD. Jun 2014 General Manager, Chemical Carrier Division No. 2, the Company; seconded to IINO SINGAPORE PTE. LTD. Jun 2016 General Manager, Chemical Carrier Division No. 1, the Company Jun 2019 General Manager, Accounting Division, the Company Jun 2020 Executive Officer; General Manager, Accounting Division, the Company Jun 2023 Director, Executive Officer; General Manager, Accounting Division, the Company Jun 2024 Director, Managing Executive Officer, the Company (current)
1967-08-04
Seiichi FUJIMURA
Director, Managing Executive Officer
Jun 1988 Joined the Company Jul 2003 Seconded to Fairfield Chemical Carriers Inc. Jun 2010 Leader, Ocean Shipping Sales Group No. 1, the Company Jun 2012 Leader, Oil Tanker Group, the Company Jun 2014 General Manager, Chemical Carrier Division No. 1, the Company Jun 2016 General Manager, Chemical Carrier Division No. 2, the Company; Director, IINO SINGAPORE PTE. LTD. Jun 2018 Executive Officer; General Manager, Chemical Carrier Division No. 2, the Company; Managing Director, IINO SINGAPORE PTE. LTD. Jun 2024 Director, Executive Officer, the Company; Managing Director, IINO SINGAPORE PTE. LTD. Jun 2025 Director, Executive Officer, the Company; Managing Director, IINO SINGAPORE PTE. LTD.; President, IINO LINES (U.S.A.) INC Jun 2026 Director, Managing Executive Officer, the Company; President, IINO LINES (U.S.A.) INC (current)
1965-10-28
Yuji HOKI
Director, Managing Executive Officer
Apr 1993 Joined the Company Jul 2006 Seconded to IINO SINGAPORE PTE. LTD. Jun 2017 General Manager, Business Administration Division, the Company Jun 2019 General Manager, Internal Audit Office, the Company Jun 2023 Executive Officer; General Manager, Sustainability Promotion Division, General Manager, Business Strategy Division and General Manager, DX Promotion Division (concurrent), the Company Jun 2024 Director, Executive Officer; General Manager, Sustainability Promotion Division, General Manager, Business Strategy Division and General Manager, DX Promotion Division (concurrent), the Company Jun 2025 Director, Executive Officer; General Manager, Business Strategy Division and General Manager, DX Promotion Division (concurrent), the Company Jun 2026 Director, Managing Executive Officer; General Manager, DX Promotion Division, the Company (current)
1970-02-04
Mari MIYOSHI
Director (Non-Executive)
Apr 1980 Joined Ministry of Foreign Affairs of Japan Aug 2006 Minister, Permanent Mission of Japan to the United Nations Aug 2008 Minister, Embassy of Japan in Germany Apr 2012 Director-General, Sendai Regional Immigration Bureau, Ministry of Justice Jan 2014 Director-General, Consular Affairs Bureau, Ministry of Foreign Affairs Oct 2015 Ambassador Extraordinary and Plenipotentiary to Ireland Aug 2019 Ambassador Extraordinary and Plenipotentiary (in charge of counter-terrorism and organized crime cooperation; concurrently in charge of Arctic affairs) Mar 2021 Retired from Ministry of Foreign Affairs of Japan Jun 2021 Statutory Auditor (part-time, outside), the Company Jun 2022 Director (non-executive, outside), the Company (current)
1958-03-16
Tomonori NONOMURA
Director (Non-Executive)
Apr 1981 Joined Sumitomo Cement Co., Ltd. (now Sumitomo Osaka Cement Co., Ltd.) Jun 2009 General Manager, Legal Department, Sumitomo Osaka Cement Co., Ltd. Jun 2013 Executive Officer; General Manager, Corporate Planning Division and General Manager, Administration Division, Sumitomo Osaka Cement Co., Ltd. Jun 2018 Representative Director, President, SOC Logistics Co., Ltd. Jun 2021 Director, Adviser, SOC Logistics Co., Ltd. Mar 2023 Retired from SOC Logistics Co., Ltd. Jun 2023 Director (non-executive, outside), the Company (current)
1958-03-21
Shizuyo TAKAHASHI
Director (Non-Executive)
Apr 1984 Joined Chase Manhattan Bank (now JPMorgan Chase Bank, N.A.), Tokyo Branch Dec 1990 Joined Chuo Coopers & Lybrand Consulting Co., Ltd. Oct 1994 Joined Future Systems Consulting Co., Ltd. (now Future Architect, Inc.) Apr 2004 Executive Officer; General Manager, Business Division, Future Architect, Inc. Apr 2008 Executive Officer; General Manager, Human Resources Division, Future Architect, Inc. Jan 2016 Joined Business Brain Showa-Ota, Inc. Jul 2017 Joined WELLNET Corporation Sep 2017 Director; General Manager, Administration Division, WELLNET Corporation Jul 2020 Outside Director, Baby Calendar Co., Ltd. (current) Apr 2023 Outside Director, CEC Co., Ltd. (current) Jun 2023 Director (non-executive, outside), the Company (current)
1962-02-24
Tsuyoshi HIMENO
Director (Non-Executive)
Apr 1987 Joined Asahi Kasei Kogyo K.K. (now Asahi Kasei Corporation) Oct 1988 Seconded to Sapporo Medical University Jul 2006 General Manager, Development Promotion Division, Clinical Development Center, Asahi Kasei Pharma Corporation Apr 2011 Head, Pharmaceutical Research Center, Asahi Kasei Pharma Corporation Apr 2013 Head, Pharmaceutical Affairs and Quality Assurance Center, Asahi Kasei Pharma Corporation Apr 2014 General Manager, Healthcare R&D Center, Research and Development Division, Asahi Kasei Corporation Apr 2015 Executive Officer, Asahi Kasei Corporation Apr 2016 Director, Managing Executive Officer; General Manager, Medical Product Development Division, Asahi Kasei Medical Co., Ltd. Apr 2017 Representative Director, President, Asahi Kasei Medical Co., Ltd. Apr 2019 Senior Executive Officer, in charge of Quality Assurance, Asahi Kasei Corporation Apr 2022 Adviser, Asahi Kasei Corporation Jun 2024 Director (non-executive, outside), the Company (current)
1958-08-19
Yoshinori HASHIMURA
Statutory Auditor (full-time)
Apr 1989 Joined Asahi Glass Co., Ltd. (now AGC Inc.) Oct 1992 Joined Chuo Shinko Audit Corporation Apr 1996 Registered as Certified Public Accountant Sep 2004 Opened Hashimura CPA Office Oct 2004 Registered as Certified Tax Accountant Jun 2016 Statutory Auditor, the Company (current)
1967-03-19
Norikazu SHIMIZU
Statutory Auditor (full-time)
Apr 1989 Joined the Company Sep 2001 Seconded to Iino Management Data Co., Ltd. Jun 2014 Leader, Second Accounting Group, Iino Management Data Co., Ltd. Jun 2018 Managing Director, Iino Management Data Co., Ltd. Jun 2023 President, Iino Management Data Co., Ltd. Jun 2025 Statutory Auditor, the Company (current)
1966-05-17
Kenkichi FUKUDA
Statutory Auditor (part-time)
Apr 1983 Joined Japan Development Bank (now Development Bank of Japan Inc.) Apr 2007 Senior Executive, General Affairs Department, Development Bank of Japan Inc. Oct 2008 General Manager, Administration Division, Development Bank of Japan Inc. Jun 2009 General Manager, Chugoku Branch, Development Bank of Japan Inc. Jun 2012 Executive Officer; General Manager, Human Resources Division, Development Bank of Japan Inc. Jun 2014 Managing Executive Officer; General Manager, Kansai Branch, Development Bank of Japan Inc. Jun 2016 Director, Managing Executive Officer, Development Bank of Japan Inc. Jun 2021 Representative Director, President, Shin-Mutsu Ogawara Co., Ltd. (current) Jun 2021 Outside Statutory Auditor, Tokyo Toshi Kaihatsu Co., Ltd. Jun 2021 Outside Statutory Auditor, Shin Toshi Netsu Kyokyu Co., Ltd. Jun 2022 Outside Director, Solaseed Air Inc. Jun 2022 Outside Director, AIRDO Co., Ltd. Oct 2022 Outside Director, Regional Plus Wings Co., Ltd. (current) Jun 2024 Statutory Auditor (part-time, outside), the Company (current)
1960-11-10
Yudai MIYAKE
Statutory Auditor (part-time)
Oct 2006 Registered as attorney-at-law (Tokyo Bar Association) Oct 2006 Joined Miyake Law Office (now Miyake Karino Law Office) (current) Jun 2018 Appointed substitute Statutory Auditor, the Company Jun 2023 Outside Director, Sanyo Denki Co., Ltd. (current) Jun 2024 Statutory Auditor (part-time, outside), the Company (current)
1974-06-24
Large Shareholding Reports
Sumitomo Mitsui Trust Bank, Limited
2025-09-19
2.85%→2.85%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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