Japan’s K Line is putting a renewed emphasis on improving its share price and profitability through corporate reforms as its major shareholder increases its influence on the company.

Tokyo-based K Line is hoping the reforms will help it bounce back from a ¥111bn ($99m) loss in fiscal 2018, in what was a dismal earnings season for it and Japan's other leading shippers — MOL and NYK Line.

K Line has been under pressure from its largest shareholder, Japanese-backed fund Effissimo Capital, which holds 38.9%