Latest Tokyo Brief coverage on Nippon Yusen Kabushiki Kaisha, tracking filings, financial news, and market signals from Japan.
TSE:9101
Nippon Yusen has amended its bond shelf registration to pledge that a planned transition bond will fund LNG-fueled vessels entirely, backed by a framework reviewed by DNV Business Assurance Japan, but the bond's size, maturity and payment date remain undecided.
Nippon Yusen raised its interim and year-end dividend forecasts by ¥20 each, taking the full-year payout to ¥240 per share, ¥40 above the plan it set in May and ¥10 above last year's actual dividend.
Nippon Yusen wants full control of dry-bulk carrier NS United Kaiun at ¥10,600 a share, a premium of roughly 37%, but the target's board has voted to cancel this year's dividend only if the tender succeeds, and top shareholder Nippon Steel will accept a lower price in a separate second-stage buyback.