Handing over the liner division to become a tanker specialist (1964)
The market it left, and the market it kept
The consolidation programme asked every shipping company what size of company it intended to be. Iino’s answer was to choose a market rather than chase a size. Liner service is a business in which the sales network that gathers cargo and the sheer volume of tonnage are the competitive advantage, and a mid-sized balance sheet had little prospect of standing alongside the six core lines. Handing over the liner division and staying in tankers and tramps can be read as a choice made after working out first where it could win.
That choice was not costless. Half the company’s shares went as the price of the transfer, and regaining independence took close to forty years. When a foreign investor appeared as largest shareholder in 2003, being an independent without scale showed up directly as being easy to acquire. What you let go of, and what position that leaves you in — the 1964 decision shows that a choice about business can determine the structure of ownership as well.
Read the full dossier in Japanese →
The Japanese edition carries the complete record of this decision — the situation that forced it, the options weighed, what actually followed, and the sources behind every claim.
Other key decisions at Iino Kaiun
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Data API
Iino Kaiun’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
Full specification →
| Method | Endpoint | Returns |
|---|---|---|
| GET | /api/companies.json | All companies |
| GET | /api/9119/manifest.json | Resource index |
| GET | /api/9119/history.json | History overview |
| GET | /api/9119/timeline.json | Chronology |
| GET | /api/decisions.json | All management decisions (index) |
| GET | /api/9119/decisions.json | Management decisions (index) |
| GET | /api/9119/decisions/{slug}.json | One decision (full dossier) |
| GET | /api/9119/executives.json | Executives |
| GET | /api/9119/shareholders.json | Major shareholders |
| GET | /api/9119/financials.json | Financial statements |
| GET | /api/9119/financials-longterm.json | Long-term results |
| GET | /api/9119/segments.json | Business segments |
| GET | /api/9119/regions.json | Sales by region |
| GET | /api/9119/workforce.json | Workforce |