Transaction Value = Number of Shares to be Purchased (17,033,918 shares) × the Tender Offer Price (JPY1,500 per share) 2
NYK Group place emphasis on the following strategies in order to focus on minimizing impact of market volatility and improving competitiveness ahead of its competitors.
1 Move toward Asset Light Business Model
Reduce owned and long-term chartered fleets.
Expand short-term chartered vessels and forwarding business.
2
Promote Container Transport
Business Strategies
3
Expand beyond Traditional Shipping
Secure Stable Freight Rate Business
Pursue optimum business portfolio for container transport.
Core Assets: Ensure success of the container shipping business integration and establishment of ONE.
Non-Asset: Expand forwarding business.
Facilitate differentiation through NYK Group's technological capabilities.
e.g. automobile-related logistics, project cargos, etc.
NYK Group set logistics business as its core business and will engage in various measures targeted to strengthen its business foundation.
Lo gist ics Bu sin ess
Operating Environment
Changes in customers' needs
Globalization
Supply chain complication/diversification
Increase in demand for one-stop services
Actions
E nhance total logistics business focusing on growth industries and emerging markets.
Strengthen sales platform through further business collaboration.
Seek strategic investment oppor tunities including mergers and acquisitions for the purpose of further expanding business opportunities.
Fully utilize the Group's management resources suppor ted by the pillars of people,
assets, IT, and capital to strengthen sales capabilities.
Nippon Yusen KK published this content on 31 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2017 03:27:06 UTC.
Original documenthttp://www.nyk.com/release/blank/ne/__icsFiles/afieldfile/2017/10/31/171031YLKE.pdf
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Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world's largest transport and logistics services providers. Net sales break down by activity as follows:
- bulk sea transport (42.7%): dry bulk, vehicles, oil products transport, etc.;
- containers sea transport (37.1%). The group also develops a containers terminals operation activity;
- logistics services (8.2%): storage, warehousing, delivery services, etc.;
- freight air transport (7.8%);
- other (4.2%): primarily real estate management, ships maintenance and repair.
At the end of March 2022, the group had a fleet of 658 vessels.