9308 Inui Kisen
- Japan Guru
- Aug 24, 2025
- 1 min read
The company's main business in ocean shipping is small and medium-sized bulk carriers, but it also handles warehousing, transportation, and real estate rentals. The dividend payout ratio is linked to business performance, with a lower limit of 6 yen.
"unrealized Realty gain in Kachidoki area is massive. In the past, a large retail investor bot chunk of Inui stocks, to which the company countered with a poison pill. He sold everything in market for good gain when the marine stocks boomed. Does Miri Capital have a winning strategy here?"
https://x.com/26ooo/status/1968198641317015599
Activist Miri Capital increases reports increased stake for the 3rd time:
https://x.com/26ooo/status/1960951306094329927
"Inui Global Logistics ($9308.T ¥42B Mktcap) is a shipping, logistics & warehouse operator trading at a massive discount.
Real estate appraised at ¥89B, carried at just ¥10.5B.
20 Handy/Handymax ships also on the books at cost.
Adjusted NAV = stock at only ~35% of fair value.
Activist Miri Capital owns 6.4%
I have a small punt-y long position."
https://x.com/TheLongHappy/status/1960150810043797891
"as of Aug 22, unrealized gain / mkt cap = 134%"
https://x.com/rw30vOr6UKjfiwh/status/1959214497849360441