Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
29559
¥ million (net sales of the business being split for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.This transaction
This company splitCounterparty (target company)NYK バルクシップパートナーズ株式会社
Disclosing companyNippon Yusen Kabushiki Kaisha
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Ocean transportation, ship management and ship ownership
Location Minato-ku, TokyoShare capital ¥500 millionDate of incorporation 1 April 2026
Net Sales¥7,188 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社)
Operating profit¥22 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社)
Net income for the current fiscal year¥407 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社)
Net assets¥24,173 million
Consideration and expenses
Type of ConsiderationShares (NBSP will newly issue 5.648 million common shares, all of which will be allotted to Nippon Yusen Kabushiki Kaisha)
Impact on Business Performance
As this company split is between the Company and its wholly owned subsidiary, its impact on the Company's consolidated results will be minor.
Procedures and assumptions
Conditions Precedent to ExecutionNo shareholder meeting approval will be sought (simplified company split under Article 784, Paragraph 2 of the Companies Act)
Management structure after acquisitionThere will be no changes to Nippon Yusen Kabushiki Kaisha's corporate name, location, representative, business activities, capital or fiscal year-end. There will likewise be no changes to NBSP's corporate name, location, representative, business activities, capital or fiscal year-end. Employment contracts and the rights and obligations thereunder will not be assumed by NBSP.
| Item | Details |
|---|---|
| Transaction name | This company split |
| Counterparty name | NYK バルクシップパートナーズ株式会社 |
| Name of the Subject Company | NYK バルクシップパートナーズ株式会社 |
| Business Description of the Subject Company | Ocean transportation, ship management and ship ownership |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥500 million |
| Date of Establishment of the Subject Company | 1 April 2026 |
| Net Sales of the Subject Company | ¥7,188 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社) |
| Operating Profit of the Subject Company | ¥22 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社) |
| Net Income of the Subject Company | ¥407 million (fiscal year ended March 2026; financial position and results of operations of 八馬汽船株式会社) |
| Net Assets of the Subject Company | ¥24,173 million |
| Type of Consideration | Shares (NBSP will newly issue 5.648 million common shares, all of which will be allotted to Nippon Yusen Kabushiki Kaisha) |
| Number of shares acquired | 5.648 million common shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 100% (Nippon Yusen Kabushiki Kaisha is the largest shareholder and the company is its wholly owned subsidiary) (after not disclosed) |
| Impact on Business Performance | As this company split is between the Company and its wholly owned subsidiary, its impact on the Company's consolidated results will be minor. |
| Date of board resolution | 30 July 2026 |
| Contract Date | 10 August 2026 (scheduled) |
| Execution Date / Effective Date | 1 April 2027 (予定) |
| Conditions Precedent to Execution | No shareholder meeting approval will be sought (simplified company split under Article 784, Paragraph 2 of the Companies Act) |
| Management structure after acquisition | There will be no changes to Nippon Yusen Kabushiki Kaisha's corporate name, location, representative, business activities, capital or fiscal year-end. There will likewise be no changes to NBSP's corporate name, location, representative, business activities, capital or fiscal year-end. Employment contracts and the rights and obligations thereunder will not be assumed by NBSP. |
Items this document does not state (12)
Acquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve the efficiency of operating and fleet management functions, optimize costs and enhance profitability by consolidating the wood chip carrier business within NBSP.
How to read this page
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