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NYK and Fujitsu to Start Discussions on Partnership Regarding Information Systems Business
Nippon Yusen Kabushiki Kaisha,Fujitsu Limited
Tokyo, January 29, 2015
Nippon Yusen Kabushiki Kaisha (NYK) and Fujitsu Limited have announced their agreement to discuss a partnership in the information systems business, which would involve Fujitsu’s acquisition of 51% of YJK Solutions Co., Ltd. (YJK), a 100% subsidiary of NYK. YJK handles the development, operation, and maintenance of information systems.
Moving forward, NYK and Fujitsu will have concrete discussions about their business partnership and joint management of YJK. If a final agreement is reached, a formal contract would be signed by the end of March 2015, and subsequently, YJK would conduct business as a jointly managed company from April 1, 2015.
As a result of this partnership, NYK would be able to utilize the comprehensive strength of Fujitsu’s ICT, with the objective of obtaining high-value added ICT services with enhanced Quality, Cost, and Delivery (QCD) through YJK.
Fujitsu could utilize the abundant experience and know-how of YJK, gained in the shipping, distribution and harbor transport business as an information system subsidiary of the NYK Group, to enhance its ICT services for the shipping and international logistics industry, so as to aggressively expand its business.
After joint management commences, YJK would aim to combine its vast experience and latest technology of Fujitsu’s ICT with its own human resources, who have acquired operational know-how gained in the shipping, distribution, and harbor transport business. Through this, YJK would aim to become an ICT services company equipped with technological and managerial strength. YJK will be able to continue providing ICT services with further enhanced QCD to the NYK Group, and even further raise competitiveness in its direct sales business.
Summary of YJK Solutions Co., Ltd. (as of October 1, 2014)
- President and CEO: Toshiaki Takeda
- Headquarters: 3-23-5 Nishi-Shinbashi, Minato-ku, Tokyo
- Capital: 80 million yen
- Number of employees: Approximately 160
- Business summary: Computer systems consultation and development; packaged software development and sales; computer-related equipment sales; network construction, operations, and maintenance; computer systems operation and management; and training and seminars.
About NYK
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. At the end of March 2014, the NYK Group was operating 876 major ocean vessels, as well as fleets of planes, and trucks. The company's shipping fleet includes 387 bulk carriers, 119 car carriers, 99 containerships (including semi-containerships), 77 tankers, 48 wood-chip carriers, 67 LNG carriers, three cruise ships, and 76 other ships (including multipurpose and project cargo). NYK's revenue in fiscal 2013 exceeded $22 billion, and as a group NYK employs about 55,600 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see http://www.fujitsu.com.
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All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 29 January, 2015
City: Tokyo
Company:
Nippon Yusen Kabushiki Kaisha, Fujitsu Limited
