Nippon Yusen Kabushiki Kaisha Yusen to Acquire Stake in DGMO, Making It a Specified Subsidiary

TOKYO, Jul 30 (Pulse News Wire) – Nippon Yusen Kabushiki Kaisha (9101.T) resolved at its board meeting held on July 30 to accept a third-party allotment capital increase by Diamond Gas MidOcean Limited (DGMO). As a result, DGMO is expected to become a specified subsidiary of Nippon Yusen due to the increased shareholding.

The transaction is contingent upon regulatory approvals and is scheduled to take place in August or September 2026. DGMO, headquartered in London, was established by Mitsubishi Corporation in 2023 to invest in MidOcean Energy, a liquefied natural gas (LNG) company. With this investment, Nippon Yusen's stake in DGMO’s capital will exceed 10%, making DGMO a specified subsidiary.

DGMO currently holds a capital of and had no revenue in the last three fiscal years ending March 2026. Details of the acquisition include: - Number of shares acquired: 211,876,228 - Pre-acquisition equity holding ratio: 0% - Post-acquisition equity holding ratio: 87.4% The agreement is set to be finalized by the end of July 2026, with the investment execution planned for late August or early September 2026. Looking ahead, Nippon Yusen anticipates minimal impact on its consolidated performance for the fiscal year ending March 2027.

Further developments will be disclosed promptly if necessary.