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M&A and Subsidiary Changes9115Meiji Shipping Group Co.,Ltd.Transportation and Logistics

Notice Regarding the Transfer of Fixed Assets and Recognition of Extraordinary Gain

A consolidated subsidiary has decided to sell an LNG carrier to an overseas third-party company for US$79,000 thousand (¥11,455 million). The resulting gain on sale of approximately ¥2.7 billion is scheduled to be recognized as an extraordinary gain in the fiscal year ending March 2028, with an estimated impact of approximately ¥1.2 billion on net income attributable to owners of the parent.

Worth reading
38Recurring
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
11455
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Disposal of Fixed Assets
Execution Date / Effective DateJanuary 2027 to April 2027 (scheduled delivery date)
Consideration and expenses
Acquisition priceUS$79,000 thousand (¥11,455 million; transfer price)
Amount of extraordinary income (loss)Estimated gain on sale: approximately ¥2.7 billion (scheduled to be recognized as an extraordinary gain in the fiscal year ending March 2028)
Impact on Business Performance

An impact of approximately ¥1.2 billion is expected on net income attributable to owners of the parent

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Acquisition priceUS$79,000 thousand (¥11,455 million; transfer price)
Amount of extraordinary income (loss)Estimated gain on sale: approximately ¥2.7 billion (scheduled to be recognized as an extraordinary gain in the fiscal year ending March 2028)
Impact on Business PerformanceAn impact of approximately ¥1.2 billion is expected on net income attributable to owners of the parent
Execution Date / Effective DateJanuary 2027 to April 2027 (scheduled delivery date)
Items this document does not state (27)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.

The vessel will be sold as part of the fleet modernization and fleet development plan.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Transfer of Fixed Assets and Recognition of Extraordinary Gain | Meiji Shipping Group Co.,Ltd. (9115) timely disclosure | Komori