Diversification of owned and procured vessels and charter periods

「The company's first large ethane carrier was completed in September 2025, and its second joined the fleet in January 2026.」

「Although operations declined because 1 LNG vessel was sold in the previous fiscal year, 1 large ethane carrier, the company's first, was completed.」

「Ocean-going shipping business | Vessels | 72,357 | 22,052 | Equity and borrowings | June 2024–October 2026 | August 2025–October 2027 | 503,126」

「At the end of the third-quarter consolidated accounting period, total assets had increased by ¥11.575 billion from the end of the previous consolidated fiscal year to ¥277.028 billion. This was mainly attributable to increases in cash and deposits and the completion of vessels.」

「At the end of the second-quarter consolidated accounting period, total assets had increased by ¥16.886 billion from the end of the previous consolidated fiscal year to ¥282.339 billion. This was mainly attributable to the completion of vessels.」

「In the second quarter, the company commenced chartering 1 newly built Small Handy vessel.」

「In the first quarter, the company commenced chartering 1 newly built Kamsarmax vessel and 1 newly built Small Handy vessel.」

「At the end of the fiscal year, a large LPG carrier equipped with our first LPG dual-fuel main engine, capable of reducing greenhouse gas emissions by using LPG as a propulsion fuel, was completed.」

「In September, the Group's third owned ethylene carrier was completed, and a long-term contract with a new cargo owner began.」

「In the large gas carrier business, both LPG and LNG vessels secured stable earnings, primarily through existing medium- to long-term contracts. In addition, 1 large LPG carrier was sold to make effective use of management resources and improve asset efficiency. As the large LPG carrier sold was owned by a consolidated subsidiary whose fiscal year-end is 31 December, the gain on sale of property, plant and equipment is scheduled to be recorded in the second-quarter consolidated accounting period.」

「In the second quarter, 1 additional vessel joined the operating fleet.」

「In the first quarter, a total of 3 vessels, including 2 newbuild vessels, newly joined the operating fleet.」

「At a Board of Directors meeting held on 26 December 2019, the company resolved to sell 1 chemical tanker it owned. It also resolved to sell 1 other vessel.」

「In March 2019, a newly built large LPG carrier for アストモスエネルギー株式会社 was completed.」

「Our Group sought to improve vessel allocation efficiency and operating profitability, including through efforts to renew existing contracts on more favourable terms. We also assessed conditions in the vessel sale market and disposed of older vessels, recording gains on sales of fixed assets as extraordinary income.」

「At the end of July, a state-of-the-art large chemical tanker equipped with stainless steel tanks was completed and joined the fleet.」

「To adjust vessel supply and demand, the company newly sourced short-term vessels from the market during the fiscal year and disposed of 1 older vessel.」

「At the end of February, 1 newly built 88,000-DWT-class chartered vessel with superior operating efficiency was completed, followed by 1 newly built Handy-size chartered vessel at the end of March.」

「To strengthen resilience to market fluctuations, the company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」

「To strengthen resilience to market fluctuations, the company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」

「To strengthen resilience to market fluctuations, the company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」

「The company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies its vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」

「The company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies its vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」

「The company invests while considering the balance between vessels it owns and vessels sourced from other companies. It also diversifies its vessel capacity procurement by dividing charter periods for sourced vessels into short-, medium- and long-term periods.」