Securities Report - 135th Fiscal Period (2025/04/01 - 2026/03/31)

Iinoya Kisen Co., Ltd. Securities Report - 135th Fiscal Period (2025/04/01 - 2026/03/31)

This report is a Securities Report submitted by Iinoya Kisen Co., Ltd. in accordance with the Financial Instruments and Exchange Act, disclosing the company's business results, financial condition, management policies, future outlook, risk factors, executive compensation, and share-related matters for the 135th fiscal period (April 1, 2025 to March 31, 2026).

Founded in 1935 (Showa 10), Iinoya Kisen Co., Ltd. has developed its core business in domestic and international maritime transportation. The company currently owns and operates a diversified fleet, including dry bulk carriers, liquid chemical tankers, LPG carriers, and car carriers, providing global logistics services for energy, raw materials, industrial products, and automobiles.

The company's management philosophy centers on "Safety, Environment, and Quality," with key initiatives focused on compliance with international maritime standards, greenhouse gas emission reductions, and enhancing customer satisfaction. It is also investing in digital technologies to improve operational efficiency and enhance supply chain visibility and optimization.

For the 135th fiscal period, the business environment is shaped by trends such as the recovery of international trade, shifts in energy supply and demand, rising geopolitical risks, and increasingly stringent regulations related to carbon neutrality. In response, the company is advancing fleet renewal and energy efficiency improvements, introducing alternative fuel-compatible vessels, and participating in carbon offset projects.

Financially, while shipping market volatility has somewhat stabilized compared to the previous year, high fuel costs and ongoing supply chain constraints remain challenges. Strengthening earnings stability is a key management priority. The company is enhancing its profitability through increasing long-term contract ratios, improving operational efficiency, and reviewing cost structures.

Regarding shareholder returns, the company maintains a policy of stable dividend payments, aiming for sustainable growth through balanced profit allocation and prudent retention of earnings. ESG management is a strategic focus, with active efforts in climate change response, diversity promotion, and enhancing governance transparency.

This report aims to provide investors and other stakeholders with accurate and comprehensive insights into the company's operations and future direction. The company remains committed to achieving continuous growth in corporate value.