NYK Line will acquire NSU海運, bringing one of the world’s largest fleets into its own fleet. The offer price is ¥10,600 per share, the total value is approximately ¥120.6 billion, and completion is targeted for mid-April 2027.
NYK Line aims to secure stable earnings and expand the scale of its dry bulk business by making NSU海運 a subsidiary. The company has announced plans to bring NSU海運 into the NYK Line Group through a tender offer.
The offer price is ¥10,600 per share, with the tender offer scheduled to begin between late November and late December 2026. Following completion of the transaction, the ownership stake is expected to increase from 18.35% to 83.33%. Total investment is expected to be approximately ¥120.6 billion.
Following completion, the NYK Line Group’s operating fleet is expected to grow from 912 vessels to more than 1,000, with the addition of NSU海運’s 211 vessels. NSU海運 is expected to be delisted, while Nippon Steel Corporation, its largest shareholder, will retain a 16.67% stake after 07TOB.