Transfer of ENEOS Ocean’s shipping business to Nippon Yusen
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
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- FY2025AchievedAnnual report
「The Transaction was completed on 1 April 2025.」
The transaction to transfer part of ENEOS Ocean’s shipping business to a new company and transfer 80% of the shares in the new company to Nippon Yusen Kabushiki Kaisha was completed. - FY2025-H1First statedAnnual report
「During the current interim consolidated accounting period, the company agreed on 8 July 2024 to transfer the shipping business of ENEOS Ocean株式会社 (hereinafter, “ENEOS Ocean”), a subsidiary in the Petroleum Products and Other segment, primarily comprising LPG carriers, chemical tankers, product tankers and cargo ships other than its crude oil tanker business, to a wholly owned subsidiary newly established by ENEOS Ocean through an absorption-type company split, and then transfer 80% of the shares in the new company to Nippon Yusen Kabushiki Kaisha. Together with the absorption-type company split, this is referred to as the “Transaction.” The Transaction is scheduled to be carried out subject to approval by the Japan Fair Trade Commission and other relevant authorities in Japan and overseas, as well as the acquisition of permits and licences, and is expected to be completed on 1 April 2025.」
The company agreed to transfer the shipping business to a new company through an absorption-type company split and then transfer 80% of the shares in the new company to Nippon Yusen Kabushiki Kaisha, with completion expected on 1 April 2025.