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Yusen Logistics Co Ltd (9370.T)

9370.T on Tokyo Stock Exchange

19 Nov 2017
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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

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

Yusen Logistics Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 2,320,000 mln yen from 2,370,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 51,000 mln yen from 75,000 mln yen.Sees a decrease of ordinary profit forecast to 66,000 mln yen from 80,000 mln yen.Sees a decrease of net profit forecast to 25,000 mln yen from 47,000 mln yen.Sees a decrease of earnings per share to 14.74 yen from 27.71 yen.Says the sluggished shipping market condition as the main reason for the forecast.Says it lowered the year-end dividend forecast to 2 yen per share from 3 yen per share for the fiscal year ending March 31, 2016.  Full Article

Yusen Logistics announces change of president and chairman
Friday, 29 Jan 2016 

Yusen Logistics Co Ltd:Appoints Hiromitsu Kuramoto, who is the president of the co, as new chairman of the board of the co.Appoints Kenji Mizushima as new president of the co to succeed Hiromitsu Kuramoto.Changes effective in late June.  Full Article

R&I assigns Yusen Logistics Co Ltd's rating at "A-" and announces stable outlook
Thursday, 10 Dec 2015 

Yusen Logistics Co Ltd:Says Rating and Investment Information, Inc. (R&I) assigned the company's rating at "A-".Rating outlook stable.  Full Article