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March 18, 2019 Wing Maritime Service Corporation and Kaiyo Kogyo Corporation, both of which are NYK subsidiaries that provide harbor tugboat and other related services, will merge on July 1, 2019. Purpose of Integration The social structure and the business environment surrounding the NYK Group is dramatically changing, and NYK will integrate the management resources of these two companies to increase efficiencies and create value in accordance with the group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green.” Overview of New Company Trade name: Undecided Location: 13F Yokohama Landmark Tower, 2-1 Minatomirai 2-chome, Nishi-ku, Yokohama, Kanagawa prefecture, Japan President: Yukihiro Tatara Shareholder: NYK 100% Merging Subsidiaries • Wing Maritime Service Corporation Paid-in capital: JPY 490 million Shareholders: NYK 100% Established: 1959 President: Shunichi Kusunose Location: Yokohama, Kanagawa • Kaiyo Kogyo Corporation Paid-in capital: JPY 90 million Shareholders: NYK 100% Established: 1963 President: Yukihiro Tatara Location: Yokohama, Kanagawa NYK Group, press release |
