Worth reading
55In focus
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
221000000
U.S. dollars (acquisition price)Wording
Conditional
How definitive the wording is.This transaction
Subscription for a third-party allotmentCounterpartyDiamond Gas MidOcean Limited (issuer of the third-party allotment)
Disclosing companyNippon Yusen Kabushiki Kaisha
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Investment in LNG business company MidOcean Energy
Location United Kingdom (London)Share capital US$30,535,001Date of incorporation 3 November 2023
Net SalesUS$0 (fiscal year ending March 2026)
Operating profit(US$1,077,517) (fiscal year ending March 2026)
Net income for the current fiscal yearUS$1,836,194 (fiscal year ending March 2026)
Net assetsUS$34,838,418 (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceUS$221,000,000
Type of ConsiderationCash (full subscription for the third-party allotment)
Impact on Business Performance
Immaterial (impact on the Company's consolidated results for the fiscal year ending March 2027)
Procedures and assumptions
Conditions Precedent to ExecutionObtaining approval under competition laws and other necessary permits and approvals from the relevant authorities
| Item | Details |
|---|---|
| Transaction name | Subscription for a third-party allotment |
| Counterparty name | Diamond Gas MidOcean Limited (issuer of the third-party allotment) |
| Name of the Subject Company | Diamond Gas MidOcean Limited |
| Business Description of the Subject Company | Investment in LNG business company MidOcean Energy |
| Location of the Subject Company | United Kingdom (London) |
| Capital Stock of the Subject Company | US$30,535,001 |
| Date of Establishment of the Subject Company | 3 November 2023 |
| Net Sales of the Subject Company | US$0 (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | (US$1,077,517) (fiscal year ending March 2026) |
| Net Income of the Subject Company | US$1,836,194 (fiscal year ending March 2026) |
| Net Assets of the Subject Company | US$34,838,418 (fiscal year ending March 2026) |
| Acquisition price | US$221,000,000 |
| Type of Consideration | Cash (full subscription for the third-party allotment) |
| Number of shares acquired | 211,876,228 shares; number of voting rights: Not disclosed (voting rights ownership ratio: 87.4%) |
| Voting rights ownership percentage | Before 0％ → after 87.4％ |
| Impact on Business Performance | Immaterial (impact on the Company's consolidated results for the fiscal year ending March 2027) |
| Date of board resolution | 30 July 2026 |
| Contract Date | End of July 2026 (scheduled) |
| Execution Date / Effective Date | Around August to September 2026 (scheduled) |
| Conditions Precedent to Execution | Obtaining approval under competition laws and other necessary permits and approvals from the relevant authorities |
Items this document does not state (12)
Expenses 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 CommitteeManagement structure after acquisition
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 invest in LNG business company MidOcean Energy through DGMO.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.