9119 Iino Kaiun
- Japan Guru
- Aug 23
- 1 min read
Operates chemical tankers, tankers, gas carriers, and bulk carriers. Head office and Iino Building rental is the main source of revenue. Land has large unrealized gains.
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"unrealized gain on realty owned is 114 bil yen. adjusted for this gain, the effective PBR is 0.48"
https://x.com/million_kabu5/status/1957680183361827088
CEO Otani says he would NEVER sell the real estate:
"The shipping industry is highly volatile, so the profits from the real estate business have helped us many times. If we had only been in the shipping business, I don't know how many times we would have gone bankrupt. I believe that our flagship building, the Iino Building, and Iino Lines are one and the same.
Iino Building is the symbol of Iino Lines. Employees have a strong attachment to the building, and the presence of the Iino Building is a highly effective advertising tool when recruiting. Many people want to work in the Iino Building, and from our perspective, the Iino Building is the "soul" that forms the core…
Oasis reportedly pissed at the CEO Otani and wants the company be sold to others
https://facta.co.jp/article/202509006.html