Expanding the Scale and Services of Japan-China Maritime Transport by Making 日新運輸 a Wholly Owned Subsidiary
First written in FY2019-Q2. 5 of 10 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2025.
- FY2025RestatedAnnual report
「日新運輸株式会社 accounts for more than 10% of consolidated operating revenue, excluding intercompany operating revenue among consolidated companies.」
The business base and earnings contribution have continued since 日新運輸 became a wholly owned subsidiary, with its operating revenue at ¥17,187 million, accounting for more than 10% of consolidated operating revenue. - FY2021RestatedAnnual report
「As a result, in addition to the Group's traditional core businesses of international freight, customs clearance and delivery, it became able to undertake ancillary import and export services, such as inspection, meter reading and processing, enabling it to provide customers with more comprehensive services.」
Following the acquisition of 100% of 日新運輸 and subsequent integration, the Group continues to utilize its business platform for undertaking services ranging from transportation, customs clearance and delivery to inspection, meter reading and processing. - FY2021-Q2AdvancedAnnual report
「During the first quarter consolidated accounting period, ニッシントランスコンソリデーター株式会社, formerly a consolidated subsidiary, ceased to exist through an absorption-type merger in which 日新運輸株式会社, a consolidated subsidiary, was the surviving company. It was therefore excluded from the scope of consolidation.」
The integration of the management resources of 日新運輸 and ニッシントランスコンソリデーター progressed from the absorption-type merger on 1 April 2020 to integration into the surviving company and exclusion from the scope of consolidation. - FY2021-Q1AdvancedAnnual report
「The purpose was to improve management efficiency and strengthen the management platform and earnings power by integrating the management resources of 日新運輸株式会社 and ニッシントランスコンソリデーター株式会社. ② Date of business combination: 1 April 2020」
The absorption-type merger aimed at integrating the management resources of 日新運輸 and ニッシントランスコンソリデーター was carried out on 1 April 2020, progressing to the post-business-combination stage of improving management efficiency and strengthening the management platform and earnings power. - FY2020-Q3RestatedAnnual report
「As a result, in addition to the Group's traditional core businesses of international freight, customs clearance and delivery, it became able to undertake ancillary import and export services, such as inspection, meter reading and processing, enabling it to provide customers with more comprehensive services.」
Following the acquisition of 100% of 日新運輸, the Group continues to benefit from the expanded scope of services made possible by undertaking inspection, meter reading and processing in addition to international freight, customs clearance and delivery. - FY2020-Q2AdvancedAnnual report
「Through this share exchange, 日新運輸 and its subsidiaries in Japan, China and Myanmar joined the Group, expanding the Group's domestic and overseas business platform and network of locations. The Group also became able to undertake ancillary import and export services, such as inspection, meter reading and processing, enabling it to provide customers with more comprehensive services.」
Following the acquisition of 100% of 日新運輸, the Group expanded its domestic and overseas business platform and network of locations and established the capability to undertake ancillary services, including inspection, meter reading and processing, across the Group. - FY2020-Q1AdvancedAnnual report
「As a result, the Group expanded the scale of its import ocean freight operations from China and Southeast Asia to Japan. The Group also became able to undertake ancillary import and export services, such as inspection, meter reading and processing, and worked to create group synergies aimed at providing customers with more comprehensive services and expanding the scale and scope of its business.」
Following the acquisition of 100% of 日新運輸, the Group expanded the scale of its import ocean freight operations and established the capability to undertake ancillary import and export services, progressing to the stage of reflecting the benefits of the business combination in operations. - FY2019AchievedAnnual report
「The share exchange was subsequently carried out on 1 March 2019, the effective date.」
The process of making 日新運輸 a wholly owned subsidiary progressed from execution of the agreement, shareholder approval and the planned implementation stage to the implementation and completion of the share exchange on 1 March 2019. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 October 2018, we resolved to conduct a share exchange under which our company would be the wholly owning parent company and 日新運輸株式会社 (hereinafter, “日新運輸”) would be the wholly owned subsidiary. On the same day, we entered into a share exchange agreement between the two companies. The share exchange was approved at our extraordinary general meeting of shareholders held on 21 December 2018 and is scheduled to be carried out with 1 March 2019 as the effective date.」
Following execution of the share exchange agreement, approval at an extraordinary general meeting of shareholders was obtained for making 日新運輸 a wholly owned subsidiary. The effective date is scheduled for 1 March 2019. - FY2019-Q2First statedAnnual report
「With 1 March 2019 as the effective date of this share exchange, we will acquire the shares in 日新運輸 held by 日立物流 and allot and deliver our shares to 日立物流. By making 日新運輸 a wholly owned subsidiary, we aim to expand the scale of our Japan-China ocean freight operations and enhance our services, thereby providing customers with even better service. For each common share of 日新運輸, 1.20 common shares of our company will be allotted and delivered. Through this share exchange, we plan to deliver 4,800,000 common shares to 日立物流, the shareholder of 日新運輸.」
The plan to make 日新運輸 a wholly owned subsidiary through a share exchange was disclosed for the first time. The planned effective date is 1 March 2019, with an exchange ratio of 1.20 of our common shares for each common share of 日新運輸 and 4,800,000 shares planned for delivery. The transaction is subject to approval from the relevant domestic authorities and approval at an extraordinary general meeting of shareholders.