Overview
Marine Transportation

Inui Global Logistics Co.,Ltd.

Inui Global Logistics operates across three core segments: international ocean shipping (logistics), warehousing and transportation, and real estate. In its ocean shipping segment, the company conducts cargo transport via time-chartered vessels and provides time charters to other operators, supported by its Panama-based subsidiary DELICA SHIPPING S.A. Its warehousing and transportation segment includes general and bonded warehousing, document storage, and domestic freight/moving services operated through subsidiaries Inui Unso Co., Ltd. and Inui Warehouse Operations Co., Ltd. The real estate segment manages rental residential and office properties primarily in the Kachidoki area of Tokyo.

Market Cap
¥53.8B
US$343M
EV
¥57.9B
US$370M
Stock¥2,137▼-5.65%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.8
x
LTM EV/EBIT
17.6
x
LTM PER
42.2
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+10.7%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 20, 26LIM Advisors Limited filed large shareholding report
MC → EV Bridge
53.8BUS$343MMarket Cap31.7BUS$202M+ Debt19.4BUS$124M− Cash8.24BUS$52.5M− Inv. Sec.57.9BUS$370MEV
AI Briefing
Inui Global Logistics: 120-year-old shipping play spanning ocean freight, warehousing and Tokyo real estate (Kachidoki). FY26/3 revenue ¥33.6B, OP ¥2.2B (6.4% margin) — profitability well off FY23's 29.5% peak as shipping normalizes. No tender offer on record; fragmented register (top holder 7.6%) and real estate asset base keep it a watchlist name for value/activist interest.
Performance & Balance
Revenue 5Y (¥B)
37.6US$240M'22/344.3US$282M'23/329.5US$188M'24/331.8US$203M'25/333.6US$215M'26/3
EBITDA 5Y (¥B)
16.7US$106M'22/316.3US$104M'23/34.81US$30.7M'24/36.92US$44.1M'25/36.16US$39.3M'26/3
Net Income 5Y (¥B)
11.8US$75.6M'22/39.86US$62.9M'23/31.19US$7.61M'24/35.02US$32.0M'25/30.83US$5.31M'26/3
Capital Structure
55%
45%
EquityD/E 0.83xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
24.0US$153M27.1US$173M'22/324.2US$154M26.8US$171M'23/318.6US$118M28.7US$183M'24/324.2US$154M30.2US$192M'25/326.2US$167M32.0US$204M'26/3
Shareholders
Top 10 hold 38.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.61%
2
US BANK NATIONAL ASSOCIATION JP ACCTS TS (Standing Proxy: MUFG Bank, Ltd.)
7.50%
3
Matsuoka Reizo Co., Ltd.
3.82%
4
Tokio Marine & Nichido Fire Insurance Co., Ltd.
3.57%
5
Sumitomo Mitsui Banking Corporation
3.37%
6
LIM JAPAN EVENT MASTER FUND (Standing Proxy: Tachibana Securities Co., Ltd.)
3.11%
7
LIM JAPAN EVENT MASTER FUND (Standing Proxy: Mizuho Bank, Ltd.)
2.82%
8
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.70%
9
Mizuho Trust & Banking Co., Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
1.99%
10
Onomichi Dockyard Co., Ltd.
1.88%
Management
9 officers
Yasuyuki INUI
Representative Director, President
Apr 2004 Joined the Company Feb 2006 Managing Director, Head of Real Estate Division and Head of Planning Department, Logistics Division Dec 2006 Managing Director, Head of Real Estate Division and Head of President's Office, Administration Division Dec 2007 Managing Director, Head of President's Office, Administration Division Feb 2008 Representative Director, Senior Managing Director Dec 2008 Representative Director, President May 2013 Representative Director, President; in charge of Logistics Business Division Oct 2014 Representative Director, President; in charge of Warehouse Business Division and Head of Logistics Research Office Apr 2015 Apr 2016 Representative Director, President; in charge of Corporate Division Representative Director, President (current)
1968-12-05
Takashi INUI
Director, Senior Managing Executive Officer; in charge of Warehouse and Transportation Business Segment
Aug 2007 Joined former Inui Steamship Co., Ltd. Aug 2007 Seconded to Mitsui O.S.K. Lines, Ltd. Jun 2012 Director, Head of Management Planning Department, former Inui Steamship Co., Ltd. Jun 2014 Oct 2014 Apr 2015 Apr 2016 Mar 2017 Representative Director, President, former Inui Steamship Co., Ltd.; Director, Senior Managing Executive Officer of the Company, in charge of Marine Transportation Business Division; Director, Senior Managing Executive Officer, in charge of Operations Division; Director, Senior Managing Executive Officer, Representative Director, President of Inui Unso Co., Ltd. (current) Oct 2023 Director, Senior Managing Executive Officer of the Company, in charge of Warehouse and Transportation Business Segment (current)
1970-12-20
Shoji MURAKAMI
Director
Apr 1978 Joined Nippon Yusen Kabushiki Kaisha (NYK Line) Apr 2007 Executive Officer, Head of Logistics Group, NYK Line Jun 2007 Executive Officer; Outside Director, Yusen Air & Sea Service Co., Ltd. (now Yusen Logistics Co., Ltd.) Apr 2008 Executive Officer; Director and Executive Officer, Yusen Air & Sea Service Co., Ltd. (now Yusen Logistics Co., Ltd.) Oct 2010 Director and Executive Officer, Yusen Logistics Co., Ltd. Apr 2011 Director, Managing Executive Officer, Yusen Logistics Co., Ltd. Apr 2013 Representative Director, Senior Managing Executive Officer, Yusen Logistics Co., Ltd. Jun 2017 Senior Managing Executive Officer, Yusen Logistics Co., Ltd. Apr 2019 Adviser, Yusen Logistics Co., Ltd. Jan 2020 Outside Director, Kamihara Logistics Co., Ltd. (current) Jun 2021 Director, the Company (current) Jan 2022 Outside Director, Tsuneishi C-Values Co., Ltd. Jan 2024 Outside Director, Tsuneishi Shoji Co., Ltd. (current) Jun 2024 Outside Director, North Star Transport Co., Ltd. (current)
1956-01-12
Kenichi IWATA
Director
Apr 1979 Joined Mitsubishi Estate Co., Ltd. Apr 2009 Executive Officer, Head of Leasing Sales Department Apr 2011 Executive Officer; Director and President, Mitsubishi Estate Building Management Co., Ltd. Apr 2013 Managing Executive Officer; Director and President, Mitsubishi Estate Building Management Co., Ltd. Apr 2014 Managing Executive Officer; Representative Director, President and Executive Officer, Mitsubishi Estate Property Management Co., Ltd. Apr 2015 Managing Executive Officer, in charge of Osaka Branch Apr 2016 Senior Managing Executive Officer, in charge of Kansai Branch Jun 2016 Senior Managing Executive Officer, in charge of Kansai Branch Apr 2020 Adviser, Mitsubishi Estate Co., Ltd. Jun 2020 Representative Director, President, Yokohama Sky Building Co., Ltd. Jun 2022 Director, the Company (current)
1955-08-04
Shiona YUKIMURA
Director
Apr 1997 Joined Nova Corporation Apr 2003 Joined Rakuten, Inc. (now Rakuten Group, Inc.) Apr 2012 Joined Lockon, Inc. (now Irugurumu, Inc.) Apr 2013 Joined Innova, Inc. Apr 2014 Director, Innova, Inc. Apr 2015 Joined Lancers, Inc. Apr 2017 Joined Macnica, Inc. Jun 2018 Director, SaveMedical Co., Ltd. Apr 2021 Director, Kagayaku Cosme Co., Ltd. (now Wilmina Inc.) Jun 2022 Representative Director, President, Kagayaku Cosme Co., Ltd. (now Wilmina Inc.) (current) Jun 2025 Director, the Company (current) Jun 2026 Outside Director, Lotte Co., Ltd. (scheduled to take office Jun 2026)
1974-11-27
Ikuji MIYAUCHI
Audit & Supervisory Board Member
Apr 1990 Joined the Company Dec 2017 Group Leader, Corporate Management Department Sep 2018 Group Leader, Internal Audit Department Apr 2022 Head of Administration Department, Inui Unso Co., Ltd. Jun 2023 Director in charge of Administration; Head of Administration Department, Inui Unso Co., Ltd. Jun 2026 Audit & Supervisory Board Member (current)
1966-03-11
Motoyuki NOSE
Director
Apr 1981 Joined Nippon Yusen Kabushiki Kaisha (NYK Line) Apr 2011 Group Leader, Tramp Shipping Group; Managing Director, NYK Global Bulk Ltd. (now NYK Bulk & Projects Co., Ltd.) Oct 2013 Group Leader, Bulk & Project Cargo Transportation Group; Director and Managing Executive Officer, NYK Bulk & Project Cargo Transportation Co., Ltd. (now NYK Bulk & Projects Co., Ltd.) Apr 2016 Executive Officer; Director and Managing Executive Officer, NYK Bulk & Project Cargo Transportation Co., Ltd. (now NYK Bulk & Projects Co., Ltd.) Apr 2018 Representative Director, President and Executive Officer, NYK Bulk & Projects Co., Ltd. Apr 2023 Senior Adviser, NYK Bulk & Projects Co., Ltd. Jul 2025 Adviser, Kyowa Kaiun Co., Ltd. (current) Jun 2026 Director, the Company (current)
1958-05-12
Haruhiko YAMADA
Audit & Supervisory Board Member
Sep 1980 Lecturer, Tokyo Shoka Gakuin Feb 1982 Joined Inoue Tatsuo Accounting Office, Audit Corporation (now Azsa LLC) Sep 1991 Partner, Inoue Saito Eiwa Audit Corporation (now Azsa LLC) Oct 1993 Partner, Asahi Audit Corporation (now Azsa LLC) Jul 2003 Representative Partner, Azsa LLC Jul 2013 Vice President, Japanese Institute of Certified Public Accountants Jul 2013 Director, Accounting Education and Training Institute (general incorporated foundation) Jul 2016 Director, Financial Accounting Standards Foundation (public interest incorporated foundation) Jun 2019 Audit & Supervisory Board Member, the Company (current) Jul 2019 Head, Haruhiko Yamada Certified Public Accountant Office (current) Jun 2021 Outside Audit & Supervisory Board Member, Tokyo Stock Exchange, Inc. (current) Apr 2022 Outside Audit & Supervisory Board Member, JPX Research Institute, Inc. (current)
1956-09-27
Yuko YOSHIDA
Audit & Supervisory Board Member
Oct 2000 Registered as attorney-at-law; joined Chuo Kokusai Law Office Jun 2003 Joined Tokyo Marunouchi Law Office Mar 2010 Temporary leave for childcare May 2016 Rejoined Tokyo Marunouchi Law Office Nov 2019 Member, Asset Management Committee, Broadcast Program International Exchange Center (general incorporated foundation) (current) Jan 2023 Partner Attorney, Tokyo Marunouchi Law Office (current) Jun 2025 Audit & Supervisory Board Member, the Company (current) Jun 2026 Outside Director, Lotte Co., Ltd. (scheduled to take office Jun 2026)
1975-04-03
Large Shareholding Reports
LIM Advisors Limited
2026-02-20
5.44%
MIRI Capital Management LLC
2025-09-17
7.34%→8.39%
MIRI Capital Management LLC
2025-08-28
6.20%→7.34%
MIRI Capital Management LLC
2025-08-21
5.06%→6.20%
MIRI Capital Management LLC
2025-08-13
5.06%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-17
Large Shareholding Report
EDINET
2025-08-28
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-08-13
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-07-21
Securities Registration Statement
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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