Reorganization of Operating Structure and Operational Efficiency through Mergers by Absorption of 3 Vessel-Owning Subsidiaries
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「As all 3 companies own vessels, the merger is intended to reorganize the operating structure, improve operational efficiency and strengthen the business base.」
The full-year notes also confirmed that the absorption by ESTEEM MARITIME S.A. of PRIMATE SHIPPING S.A. and T.&M. MARITIME S.A. was intended to reorganize the operating structure, improve operational efficiency and strengthen the business base. - FY2023-Q3RestatedAnnual report
「ESTEEM MARITIME S.A. absorbed T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. effective 1 January 2022. Accordingly, T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. have been excluded from the scope of consolidation from the first quarter of the consolidated fiscal year.」
The absorption by ESTEEM MARITIME S.A. of the 2 vessel-owning companies was reaffirmed, and T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. continue to be excluded from the scope of consolidation. - FY2023-Q1AchievedAnnual report
「ESTEEM MARITIME S.A. absorbed T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. effective 1 January 2022. Accordingly, T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. have been excluded from the scope of consolidation from the first quarter of the consolidated fiscal year.」
It was confirmed that the absorption-type merger effective 1 January 2022 had been completed and that, as a result, T.&M. MARITIME S.A. and PRIMATE SHIPPING S.A. had been excluded from the scope of consolidation. - FY2022First statedAnnual report
「As all 3 companies own vessels, the merger is intended to reorganize the operating structure, improve operational efficiency and strengthen the business base.」
An absorption-type merger was carried out effective 1 January 2022, with ESTEEM MARITIME S.A. as the surviving company and PRIMATE SHIPPING S.A. and T.&M. MARITIME S.A. as the absorbed companies. This was the first disclosure of the initiative to integrate the 3 companies, reorganize the operating structure, improve operational efficiency and strengthen the business base.