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Nippon Yusen KK (9101.T)

9101.T on Tokyo Stock Exchange

2,518JPY
20 Nov 2017
Change (% chg)

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¥2,518
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Avg. Vol
2,160,961
52-wk High
¥2,908
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¥1,990

Latest Key Developments (Source: Significant Developments)

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

Nippon Yusen KK lowers consolidated full-year outlook and year-end dividend forecast for FY 2016
Friday, 29 Jan 2016 

Nippon Yusen KK:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 2,320,000 million yen from 2,370,000 million yen.Operating profit forecast decreased to 51,000 million yen from 75,000 million yen.Ordinary profit forecast decreased to 66,000 million yen from 80,000 million yen.Net profit forecast decreased to 25,000 million yen from 47,000 million yen.Earnings per share decreased to 14.74 yen from 27.71 yen.Comments that market downturn is the main reason for the forecast.Lowered year-end dividend forecast to 2 yen per share from 3 yen per share for FY ending March 2016.  Full Article

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Fiat Chrysler sues shippers over alleged price fixing

WASHINGTON Fiat Chrysler Automobiles NV has lodged a complaint with a U.S. regulator seeking "reparations" from a group of shipping companies from Asia, Europe and South America that admitted to fixing prices for shipping vehicles, according to documents made public on Monday.