Iino Kaiun Kaisha, Ltd.
Notice Regarding Transfer of Fixed Assets and Occurrence of Special Profit
The consolidated subsidiary will transfer the large crude oil tanker 'KIHO' to an overseas third-party entity, and approximately 6.9 billion yen of special profit is expected to be recorded in the consolidated financial results for the fiscal year ending March 2027.
Key Figures
- Gain on Transfer (Special Profit): Approximately 6.9 billion yen (expected to be recorded in consolidated financial results for fiscal year ending March 2027)
- Transferred Asset: Large Crude Oil Tanker 'KIHO' (built 2006, 300,866 DWT)
- Transfer Period: Early April to late May 2026
AI要約
Overview of Transfer
Iino Kaiun Kaisha, Ltd. has decided to transfer the large crude oil tanker 'KIHO' (built in 2006, deadweight tonnage 300,866 DWT) owned by its consolidated subsidiary, DRAGON’S MOUTH CARRIERS S.A., to an overseas third-party entity. Although the transfer price and book value are not disclosed due to confidentiality obligations, the transfer is conducted at an appropriate price reflecting market value, and after deducting transfer-related expenses, approximately 6.9 billion yen in special profit is expected to be generated. The transfer period is scheduled from early April to late May 2026.
Outlook and Risks
As a result of this transfer, the consolidated financial results for the fiscal year ending March 2027 are expected to record approximately 6.9 billion yen in gain on sale of fixed assets (special profit). However, there are risks such as possible contract cancellations or changes in transfer timing due to force majeure events including geopolitical situations in navigation areas, as well as uncertainties in estimates of various expenses. Any such changes will be promptly disclosed.
Iino Kaiun Kaisha, Ltd.
Company overview · Stock price · Financial data · All IR
