Orix Corporation has signed a share transfer agreement to acquire 70% of Sojitz Marine, positioning itself for significant growth in the shipping brokerage industry.

Target Company Information

Orix Corporation, headquartered in Minato, Tokyo and led by President Hidetaka Takahashi, has entered into a share transfer agreement with Sojitz Corporation, headquartered in Chiyoda, Tokyo and led by President Kosuke Uemura, regarding the establishment of Sojitz Marine Co., Ltd. This company has been formed as part of a corporate split from Sojitz's shipping trading business. Following the transfer, Orix will acquire 70% of the outstanding shares of Sojitz Marine, partnering with existing shareholder Sojitz to jointly operate the business. Sojitz Marine is also planning to change its name to Somec Co., Ltd.

Industry Overview in Japan

The shipping industry in Japan has a robust history of over 70 years, significantly contributed to by Sojitz Group. The industry encompasses a diverse range of activities including charter brokerage, new shipbuilding, and the buying and selling of both new and used vessels. With established international networks in Tokyo, Imabari, London, Athens, and Shanghai, Sojitz possesses unique strengths in global operations along with highly specialized personnel.

Japanese maritime transport plays a crucial role in the global supply chain, relying on advancements in technology and sustainability initiatives. As environmental regulations continue