Two NYK Tugboat Subsidiaries to Merge

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