FY2027-H1First statedAnnual report
「At a meeting of the Board of Directors held on 31 July 2026, the Company resolved to conduct a tender offer for the common shares of NSユナイテッド海運株式会社 as part of a series of transactions intended to make NSユナイテッド海運株式会社, an equity-method affiliate of the Company, a consolidated subsidiary, and to make the Company and NIPPON STEEL CORPORATION its only shareholders, with ownership ratios of 83.33% and 16.67%, respectively.」
To make NSユナイテッド海運 a consolidated subsidiary, the Company approved the tender offer and the transaction framework agreement and shareholders' agreement with NIPPON STEEL CORPORATION. Following completion, the voting interest is expected to be 83.33%, completion of the transaction is scheduled for mid-April 2027, and the acquisition cost is expected to be approximately ¥167.0 billion. The Company aims to strengthen the Dry Bulk Business by incorporating stable earnings, combining it with its global network, building a steelmaking supply chain, and responding to decarbonization.