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    9104   JP3362700001

MITSUI O.S.K. LINES LTD

(9104)
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Mitsui O.S.K. Lines, Ltd. - MOL Expanding Business with Two New Acquisitions

12/02/2021 | 09:04am EST

TOKYO - Mitsui O.S.K. Lines, Ltd. resolved at its board of directors' meeting held on November 30 to acquire common stock of DAIBIRU CORPORATION (Daibiru; President & CEO: Toshiyuki Sonobe; Headquarters: Kita-ku, Osaka City) and Utoc Corporation (Utoc; President: Masahiro Tanabe; Headquarters: Naka-ku, Yokohama City,) through tender offers for the purpose of making both companies wholly-owned subsidiaries.

By making Daibiru and Utoc wholly-owned subsidiaries, MOL aims to reinforce group management through more solid integration of management resources in the group. MOL will work on sustainable enhancement of its corporate value, concurrently with accelerating revenue growth in the entire group as well as strengthening the business of the subsidiaries.

Aim of the Transactions

Create further corporate value through the global social infrastructure businesses including but not limited to shipping business

Achieve stable business management by diversifying its business portfolio into stable businesses in preparation for fluctuation in profitability due to changes in market conditions of shipping.

Optimize allocation of management resources within the group in terms of the environment strategies and towards a global growth.

Reinforce group management by reforming group governance structure.

Contact:

Tel: +202 2785 0023

Fax: +202 2591 8044

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DAIBIRU CORPORATION -0.14% 2196 Delayed Quote.-0.81%
MITSUI O.S.K. LINES LTD -0.48% 8240 Delayed Quote.-3.51%
UTOC CORPORATION 0.00% 723 Delayed Quote.-0.14%
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Analyst Recommendations on MITSUI O.S.K. LINES LTD
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Financials
Sales 2022 1 192 B 10 484 M 10 484 M
Net income 2022 549 B 4 826 M 4 826 M
Net Debt 2022 847 B 7 447 M 7 447 M
P/E ratio 2022 1,78x
Yield 2022 11,1%
Capitalization 988 B 8 687 M 8 692 M
EV / Sales 2022 1,54x
EV / Sales 2023 1,50x
Nbr of Employees 8 571
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Mitsui O.S.K. Lines Ltd Technical Analysis Chart | 9104 | JP3362700001 | MarketScreener
Technical analysis trends MITSUI O.S.K. LINES LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 8 240,00 JPY
Average target price 11 435,00 JPY
Spread / Average Target 38,8%
EPS Revisions
Managers and Directors
Takeshi Hashimoto President, CEO & Representative Director
Junichiro Ikeda Chairman
Yoshikazu Kawagoe Chief Technical Officer
Hideto Fujii Independent Outside Director
Etsuko Katsu Independent Outside Director