Nippon Yusen delays share exchange with ANA Holdings

Nippon Yusen Kabushiki Kaisha (NYK) announced today a change in the execution date of the share exchange between Nippon Cargo Airlines Co., Ltd. (NCA), a wholly-owned subsidiary of NYK, and ANA Holdings, Inc. The exchange, initially planned for May 1, 2025 to May 23, 2025, has been further postponed to July 1, 2025. The delay is attributed to the time needed to complete examinations by competition authorities, specifically the review of the business combination by relevant authorities in China. NYK stated that there are no changes to the policies of NYK, NCA, and ANAHD to execute the Share Exchange. The company anticipates negligible impact on its consolidated business results from this change and commits to promptly disclose any future relevant developments.