Key Developments: Namura Shipbuilding Co Ltd (7014.T)

7014.T on Tokyo Stock Exchange

991JPY
30 Oct 2014
Price Change (% chg)

¥8 (+0.81%)
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¥983
Open
¥976
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¥1,012
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Volume
473,300
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511,271
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¥1,522
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Latest Key Developments (Source: Significant Developments)

Wisdom Marine Lines Co Ltd to buy bulk carrier from Namura Shipbuilding
Friday, 27 Jun 2014 06:45am EDT 

Wisdom Marine Lines Co Ltd:To buy a 81,700 tonnage bulk carrier from Namura Shipbuilding Co.,Ltd., amount up to $35 million.  Full Article

Namura Shipbuilding Co Ltd to acquire Sasebo Heavy Industries through stock swap
Friday, 23 May 2014 02:30am EDT 

Namura Shipbuilding Co Ltd:Signed an agreement with Sasebo Heavy Industries about acquisition of Sasebo Heavy Industries through stock swap on May 23.One share of Sasebo Heavy Industries will be exchanged with 0.128 shares of Namura Shipbuilding.Effective Oct. 1.Sasebo Heavy Industries to delist from Tokyo Stock Exchange and Fukuoka Stock Exchange on Sep. 26.  Full Article

Namura Shipbuilding Co Ltd raises consolidated full-year outlook and year-end dividend forecast for FY 2014
Friday, 2 May 2014 02:30am EDT 

Namura Shipbuilding Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 124,600 million yen from 123,000 million yen for the fiscal year ended March 2014.Operating profit forecast increased to 22,300 million yen from 18,000 million yen.Ordinary profit forecast increased to 23,700 million yen from 18,000 million yen.Net profit forecast increased to 12,700 million yen from 9,500 million yen.Earnings per share increased to 262.73 yen from 196.67 yen.FY 2014 revenues of 125 billion yen, reported net profit of 12.5 billion yen – Thomson Reuters I/B/E/S.Comments that price of yen conversion pivotal rate change is the main reason for the forecast.Raised year-end dividend forecast to 20 yen per share from 10 yen per share for the fiscal year ended March 2014.  Full Article

Wisdom Marine Lines to acquire bulk carriers from Namura Shipbuilding
Friday, 21 Feb 2014 04:25am EST 

Wisdom Marine Lines Co Ltd:To acquire two 81,700-ton bulk carriers from Namura Shipbuilding Co Ltd, for up to $70 mln in total.  Full Article

Sesoda Corp's sub-subsidiaries and joint ventures to buy bulk carriers from companies including Namura Shipbuilding Co Ltd
Monday, 17 Feb 2014 03:37am EST 

Sesoda Corp and Namura Shipbuilding Co Ltd:Says Sesoda Corp's sub-subsidiaries, SEDC, SEGC, SEPC and SERC, as well as two 50 pct-owned joint ventures, SEEC and SEFC, will respectively buy one bulk carrier, or totally six ones, from Japanese companies including Namura Shipbuilding Co Ltd and Imabari Shipbuilding Co., Ltd.Says the ships include two 34,000 ton bulk carriers priced at up to $25 million each, and four 38,000 ton ones priced at up to $26 million each.Says the ships are expected to be delivered during 2016 to 2018.  Full Article

Consortium of Five Japanese Companies including Namura Shipbuilding Co., Ltd. to Acquire Stake in ECOVIX Engevix Construcoes Oceanicas - MSN Sankei
Monday, 21 Oct 2013 11:33pm EDT 

MSN Sankei reported that Mitsubishi Heavy Industries, Ltd. (MHI), Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Mitsubishi Corporation – have agreed to acquire a stake in ECOVIX Engevix Construcoes Oceanicas S.A. (ECOVIX), a Brazilian shipbuilder. A Share Purchase Agreement (SPA) between the Japanese consortium and the Brazilian partners was signed on October 22, 2013. The initiative marks the first investment by a Japanese consortium consisting of shipbuilding companies and a trading company into a Brazilian shipbuilder, aiming at mutual prosperity through the provision by the Japanese side of technology and operating know-how in line with Brazil's strategy for promoting its domestic industries. Under this initiative, the Japanese consortium, led by MHI, will acquire a 30% capital stake in ECOVIX. Plans call for the acquisition to be completed as soon as the parties obtain the Brazilian antitrust authority approval through JB MINOVIX INVESTIMENTOS E PARTICIPACOES S.A., a special-purpose company (SPC) to be established in Brazil by the five consortium partners. MHI will own the majority of all shares in the SPC, with the other four Japanese partners holding the remaining shares.  Full Article

Namura Shipbuilding Co Ltd and Japan Firms to Invest in Brazilian Shipbuilder- Nikkei
Saturday, 19 Oct 2013 08:00pm EDT 

Nikkei reported that Mitsubishi Heavy Industries Ltd and four other Japanese firms plan to join forces to invest in a Brazilian shipbuilder to compete in the lucrative market for resource-exploration vessels. The consortium comprises Mitsubishi Heavy Industries, Imabari Shipbuilding Co., Mitsubishi Corp, Namura Shipbuilding Co Ltd and Oshima Shipbuilding Co. The group will purchase a roughly 30% stake in Ecovix-Engevix Construcoes Oceanicas S/A for about JPY 30 billion by the end of this fiscal year 2013. Mitsubishi Heavy will likely pay for roughly half of the JPY 30 billion stake, with the rest to be split equally among the other four companies.  Full Article

Shih Wei Navigation Co Ltd's Sub-subsidiaries to Buy Ships from NAMURA SHIPBUILDING CO., LTD.
Thursday, 16 May 2013 05:53am EDT 

Shih Wei Navigation Co Ltd announced that its two wholly owned sub-subsidiaries, WONDERFUL PESCADORES S.A. PANAMA and AUDREY PESCADORES S.A. PANAMA, will both buy a 32,000 ton bulk carrier from NAMURA SHIPBUILDING CO., LTD., for USD 21.50 million (equivalent to NTD 642,313,000) each.  Full Article

Namura Shipbuilding Co Ltd Announces Year-end Dividend Payment for 2013
Friday, 10 May 2013 03:00am EDT 

Namura Shipbuilding Co Ltd announced that it has decided to pay a year-end dividend of JPY 14.00 per share, above the last forecast of JPY 4.00 per share, to all shareholders of record as of March 31, 2013, for the fiscal year ended March 31, 2013. The payment will be conducted on June 26, 2013.  Full Article

Wisdom Marine Lines Co Ltd's Subsidiary to Order Ships from Namura Shipbuilding Co., Ltd. and Kawasaki Heavy Industries Ltd
Tuesday, 23 Apr 2013 06:47am EDT 

Wisdom Marine Lines Co Ltd announced that its subsidiary, Wisdom Marine Lines S.A., plans to order two 34,000 tons bulk carrier from Namura Shipbuilding Co., Ltd. at approximately USD 23 million each, and one 55,000 tons bulk carrier from Kawasaki Heavy Industries Ltd at approximately USD 27 million.  Full Article

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