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Japanese shipping company operating tankers and dry bulk carriers for energy and industrial cargo.
Japanese shipping company operating tankers and dry bulk carriers for energy and industrial cargo.
A mid-size operator that, like other Japanese shipping lines, ties part of its fleet to long-term charters with domestic industrial customers, which gives steadier income, while the rest is exposed to spot freight rates. Ships may be owned or hired from other owners.
In one line: A diversified Japanese shipping operator, like a smaller Teekay.
Moat: none (installed base). Owns a diversified fleet but competes in a commodity, cyclical freight market.
Headquarters: Tokyo, Japan · Founded: 1899 · Employees: 688
Size Iino Kaiun Kaisha,Ltd (9119.T) is a Japan Industrials company (Marine Shipping) with a market value of $1.04B, the 716th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,549 on 6 Nov 2026.
Performance Over six months the shares fell 6.0%, against +0.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +5.5%); the operating margin is 10.8% (peer median 34.3%).
Valuation It trades at 11.6× forward earnings against a peer median of 8.7× (7th most expensive of 19).
Capital Return on invested capital runs 1.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥134B | ¥127B | ¥142B | ¥138B | ¥141B |
| Revenue growth | — | -10% | +3% | -2% | — |
| Gross profit | ¥24.8B | ¥23.4B | ¥27.9B | ¥28.9B | ¥28.6B |
| EBITDA | ¥28.8B | ¥27.1B | ¥31.1B | ¥32.4B | ¥32.4B |
| Net income | ¥23.2B | ¥15.4B | ¥18.4B | ¥19.7B | ¥23.4B |
| Free cash flow | n/a | -¥34.1B | -¥3.83B | ¥17.4B | ¥13.6B |
| Capital expenditure | n/a | ¥64.0B | ¥34.6B | ¥12.0B | ¥21.7B |
| Total debt | ¥144B | ¥143B | ¥123B | ¥124B | ¥119B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Iino Kaiun Kaisha,Ltd 9119.T | $1.04B | -6% | +1% | 11% | 11.6× | n/a |
| NS United Kaiun Kaisha,Ltd 9110.T | $1.58B | +39% | +11% | 11% | n/a | -5.0% |
| Mitsui O.s.k. Lines 9104.T | $15.0B | +10% | +20% | 6% | 7.3× | n/a |
| Teekay TK | $1.11B | -10% | +16% | 48% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9119.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -5.4% | 10th lowest of 21 |
| 6-month return | -6.0% | +0.4% | 6th lowest of 20 |
| Distance from 52-week high | -19.8% | -16.5% | 8th lowest of 21 |
| Revenue growth (TTM) | +0.5% | +5.5% | 6th lowest of 20 |
| Operating margin | 10.8% | 34.3% | 5th lowest of 20 |
| Forward P/E | 11.6× | 8.7× | 7th most expensive of 19 |
| ROIC minus cost of capital | -1.6 pp | +1.3 pp | 5th lowest of 19 |
| EV / EBITDA | 10.0× | 5.5× | 5th most expensive of 19 |
| Net debt / EBITDA | 4.3× | 1.3× | 3rd most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |