Nippon Investment Bespoke Research UK Ltd

Nippon Investment Bespoke Research UK

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<ul><li>FY24 OP WAS REVISED DOWN GIVEN SURGING VARIOUS COSTS.</li><li>NO CHANGE IN MEDIUM-TERM PLAN TARGETS.</li><li>IINO revised its FY24 guidance from OP of ¥19,200mil (+0.7% YoY) on sales of ¥145,000mil (+5.1% YoY) to OP of ¥17,400mil (-8.7% YoY) on sales of ¥146,000mil (+5.8%YoY).</li></ul>

FY24 OP WAS REVISED DOWN GIVEN SURGING VARIOUS COSTS.NO CHANGE IN MEDIUM-TERM PLAN TARGETS.IINO revised its FY24 guidance from OP of ¥19,200mil (+0.7% YoY) on sales of ¥145,000mil (+5.1% YoY) to OP of ¥17,400mil (-8.7% YoY) on sales of ¥146,000mil (+5.8%YoY).

IINO KAIUN KAISHA, LTD. (9119 JP): Research update

Japan

IINO KAIUN KAISHA, LTD. owns and operates specialized tankers such as oil, chemical, and LPG carriers.  The Company transports crude oil, petroleum gasoline, and various dry consumer and agricultural goods.  Iino Kaiun Kaisha also leases and sells real estate.

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Iino Kaiun Kaisha (9119 JP)

IINO KAIUN KAISHA, LTD. (9119 JP): Research update

FY24 OP WAS REVISED DOWN GIVEN SURGING VARIOUS COSTS. NO CHANGE IN MEDIUM-TERM PLAN TARGETS. IINO revised its FY24 guidance from OP of ¥19,200mil...

Nippon Investment Bespoke Research UK

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