NYK to Integrate Two of Its Research and Technical Subsidiaries

NYK plans to amalgamate two of its research and technical subsidiaries — Boltech Co., Ltd. and AMCO Engineering Corporation.

Overview of New Company

Corporate Name: Japan Field&Marine Engineering Co. Ltd (tentative)

President: To be determined

Amalgamation date: April 1, 2025 (scheduled)

Shareholder: NYK 100%

Business locations: Yokohama, Nagasaki, Kobe

*The two companies plan to resolve the amalgamation at their respective general shareholder meetings to be held at the end of March 2025.

Purpose of Integration

The core strategy of the NYK Group’s “Sail Green, Drive Transformations 2026” medium-term management plan is to deepen its existing core businesses and invest in new growth businesses. Based on this plan, the Group intends to commercialize the shipping business by developing and selling new technologies and services.

This business integration is based on this plan’s core strategy. By integrating the technologies and expertise of both companies and expanding our sales base, NYK will be able to further strengthen and develop the group's engineering business offshore and onshore.

<Boltech Co., Ltd.>

Paid-in capital: JPY 30 million

Shareholder: NYK 100%

Established: September 1966

President: Kazumasa Okazaki

Location: Yokohama

<AMCO Engineering Corporation>

Paid-in capital: JPY 10 million

Shareholder: NYK Trading Corporation 100%

Established: September 2003

President: Yukitaka Nishimura

Location: Nagasaki