Iino Kaiun Kaisha Raises FY2027 Earnings Forecast 15.7% on Shipping Strength

Iino Kaiun Kaisha, Ltd. (TSE:9119) has raised full-year earnings and dividend guidance for the fiscal year ending March 2027, citing robust shipping market conditions and favorable currency movements.

ItemBeforeAfterChange
H1 FY2027 (Apr–Sep 2026)
RevenueJPY 65.0bnJPY 69.0bn+JPY 4.0bn
Operating ProfitJPY 3.2bnJPY 5.5bn+JPY 2.3bn
Ordinary IncomeJPY 1.1bnJPY 4.1bn+JPY 3.0bn
Net ProfitJPY 7.6bnJPY 11.2bn+JPY 3.6bn
EPSJPY 71.83 per shareJPY 105.86 per share+JPY 34.03
Full Year FY2027 (Apr 2026–Mar 2027)
RevenueJPY 129.0bnJPY 136.0bn+JPY 7.0bn
Operating ProfitJPY 9.1bnJPY 12.0bn+JPY 2.9bn
Ordinary IncomeJPY 6.7bnJPY 9.6bn+JPY 2.9bn
Net ProfitJPY 12.1bnJPY 14.0bn+JPY 1.9bn
EPSJPY 114.36 per shareJPY 132.32 per share+JPY 17.96
Interim DividendJPY 23.00 per shareJPY 27.00 per share+JPY 4.00
Year-end DividendJPY 23.00 per shareJPY 26.00 per share+JPY 3.00
Annual DividendJPY 46.00 per shareJPY 53.00 per share+JPY 7.00

The shipping company attributed the upward revision to sustained strength in chemical tanker and dry bulk vessel markets through the first quarter, with dry bulk rates expected to remain firm in subsequent quarters. Favorable contract renewals on select vessels and yen weakness against the US dollar further bolstered the outlook. The company raised its annual dividend by JPY 7.00 per share, reflecting improved earnings while maintaining its 40% payout ratio policy and JPY 30.00 minimum dividend floor.

The revision signals confidence in continued shipping market resilience and underscores management’s commitment to shareholder returns through its disciplined dividend framework, balancing growth reinvestment with capital distribution.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.