Yesterday, NYK president Hitoshi Nagasawa marked the 136th anniversary of NYK’s founding. On October 1, NYK celebrated its 136th anniversary. I am delighted that all NYK Group employees have been a valued part of adding a page to our history. I would like to take this opportunity to convey my respect to everyone who has .
NYK Sell Majority of Real Estate Subsidiary
Nippon Yusen Kabushiki Kaisha (hereinafter “NYK”) informs that NYK has decided to transfer 51% of the issued shares of Yusen Real Estate Corporation, our consolidated subsidiary. Accordingly, NYK expects to record extraordinary income in the second quarter of the fiscal year ending March 31, 2022 as follows.
1. Outline of Share Transfer
(1)
(2)
(3)
(4)
(5)
Others: The transfer price shall not be disclosed due to the obligation of confidentiality with the assignee
The timing of transfer has not been fixed as it is necessary to obtain the approval of the relevant government authorities in each country in relation to the Competition Law, etc.