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Nippon Yusen KK (9101.T)

9101.T on Tokyo Stock Exchange

2,863JPY
22 Jan 2018
Change (% chg)

¥-57 (-1.95%)
Prev Close
¥2,920
Open
¥2,916
Day's High
¥2,925
Day's Low
¥2,852
Volume
1,558,400
Avg. Vol
2,375,955
52-wk High
¥3,030
52-wk Low
¥1,990

Latest Key Developments (Source: Significant Developments)

Nippon Yusen to fully acquire Yusen Logistics
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Yusen Logistics Co Ltd <9370.T>:Says Nippon Yusen KK <<<9101.T>>>, which is holding 96 percent stake in the co, plans to fully acquire the co on Feb. 1, 2018.Says co will be delisted from Tokyo Stock Exchange on Jan. 29, 2018 after transaction.Previous news was disclosed on Dec. 15.  Full Article

R&I affirms Yusen Logistics' rating at "BBB+" and says stable outlook – R&I
Monday, 25 Dec 2017 

Dec 25 (Reuters) - Yusen Logistics Co Ltd <9370.T> ::Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+" – R&I.Rating outlook stable– R&I.  Full Article

Nippon Yusen says result of ToB for shares of Yusen Logistics
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Nippon Yusen KK <9101.T>:Says 15.4 million shares of Yusen Logistics Co Ltd <<<9370.T>>> were offered in a takeover bid by the co, during the period from Nov. 1 to Dec. 14 .Says it will raise voting power in Yusen Logistics Co Ltd to 96.1 percent, up from 59.6 percent, after transaction .Payment date on Dec. 21 .  Full Article

Nippon Yusen offers takeover bid for shares of Yusen Logistics
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Nippon Yusen KK <9101.T>:Says it offered a takeover bid for 17 million shares (or no less than 3 million shares) of Yusen Logistics Co Ltd <<<9370.T>>>, at the price of 1,500 yen per share .Offering period from Nov. 1 to Dec. 14 and payment date on Dec. 21 .Says it will raise voting power in Yusen Logistics Co Ltd to 100 percent from 59.6 percent after transaction .  Full Article

Nippon Yusen expected to beat first-half ended Sept pretax profit outlook by about 500 mln yen - Nikkei‍​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Nikkei::Nippon Yusen KK is expected to beat its first-half ended Sept 30 pretax profit outlook by roughly 500 million yen ($4.45 million) - Nikkei‍​.  Full Article

R&I places Nippon Yusen KK on rating monitor with view to downgrading - R&I
Friday, 7 Oct 2016 

Nippon Yusen KK <9101.T>: Rating and Investment Information, Inc. (R&I) put the co on rating monitor with view to downgrading - R&I .The company's previous rating was "A-" - R&I.  Full Article

Kawasaki Kisen Kaisha group pretax loss likely about 5 bln yen in April-June period - Nikkei
Tuesday, 26 Jul 2016 

Nikkei: Kawasaki Kisen Kaisha apparently suffered a group pretax loss of roughly 5 billion yen in the April-June period - Nikkei .Nippon Yusen's pretax profit likely fell by over 80 pct in the April-June quarter from the year-earlier 21.5 billion yen - Nikkei.  Full Article

Nippon Yusen to expand into seafloor equipment engineering for oil drilling - Nikkei
Friday, 10 Jun 2016 

: Nippon Yusen to expand into seafloor equipment engineering for oil drilling - Nikkei . EMAS Chiyoda Subsea is a 50-50 JV formed in March by Chiyoda and Ezra Holdings - Nikkei .Nippon Yusen will acquire a 25% stake in EMAS Chiyoda by paying about 10 bln yen ($93.6 mln) for portions of interests held by JV partners - Nikkei.  Full Article

Nippon Yusen KK - Maersk, MSC, 13 other shipping firms to change pricing methods - EU - Reuters
Tuesday, 16 Feb 2016 

Nippon Yusen KK:Maersk, Swiss peer MSC and 13 other peers have offered to change their practices to settle a two-year EU antitrust investigation, the European Commission said on Tuesday - RTRS.The companies include CMA CGM, Evergreen Marine, Hapag Lloyd, China Ocean Shipping (Group) Company (COSCO), China Shipping, Hamburg Sud, Hanjin, OOCL (Orient Overseas Container Line), Mitsui OSK Lines (MOL), United Arab Shipping Company, Nippon Yusen Kaisha, Hyundai Merchant Marine and Zim.The Commission said the container liners offer to stop publishing and communicating generate rate increase announcements, which are changes to prices expressed as the amount or percentage of the change.Third parties have a month to provide feedback on the proposal before the EU competition authority accepts the offer without any finding of wrongdoing or possible fines.  Full Article

Nippon Yusen KK - Maersk, MSC, 13 others offer to settle EU pricing probe -sources - Reuters
Wednesday, 10 Feb 2016 

Nippon Yusen KK:Maersk, MSC and 13 other firms have offered to change their pricing practices to settle an EU antitrust probe and stave off any fines, three people familiar with the matter said on Wednesday - RTRS.The European Commission opened an investigation into the companies, among the world's 18 largest shipping liners, in November 2013 following dawn raids in May 2011 - RTRS.The EU competition enforcer said the shipping companies may have been illegally orchestrating price hikes since 2009 via public announcements of rate increase plans on their websites and in the specialised trade press - RTRS.The companies have offered to publish binding actual rates a month before they go into effect, the people said. In some circumstances, the figures may act as a price cap. A third source said the offer applies only for short-term prices, not long-term ones or annual contracts - RTRS.The Commission is expected to seek feedback from third parties this week or next before deciding whether to accept the pledge and close the investigation - RTRS.The other companies involved are CMA CGM, Taiwan's Evergreen Marine, Germany's Hapag Lloyd HLAG.DE, China Ocean Shipping (Group) Company (COSCO), China Shipping CNSHI.UL, Hamburg Sud, South Korean firm Hanjin, OOCL (Orient Overseas Container Line) - RTRS.Japan's Mitsui OSK Lines (MOL), United Arab Shipping Company, Nippon Yusen Kaisha, Hyundai Merchant Marine and Israeli peer Zim, the sources said. - RTRS.  Full Article

Nikkei dented by weaker tech shares; Shikoku Electric stumbles

TOKYO, Dec 13 Japan's Nikkei share average ended lower on Wednesday after tech stocks lost ground as they tracked their weaker U.S. counterparts, while Shikoku Electric slumped after a court ruled against the restart of one of its nuclear reactors.