Postponement of establishment of new company of major domestic shipbuilding company Is the new corona affected? September 23, 13:48
Japan Marine United, the second largest shipbuilding company in Japan and Imabari Shipbuilding, was planning to form a capital tie-up next month, but it has been postponed.
One of the factors seems to be that the examination of overseas laws, which is the antitrust law of Japan, has been delayed due to the influence of the new coronavirus.
In March, Imabari Shipbuilding and Japan Marine United agreed to establish a new company to jointly invest in a capital tie-up.
Both companies planned to establish a new company on the 1st of next month, but have decided to postpone the establishment.
According to the people concerned, the examination of the competition law, which is the antitrust law of Japan, which is being conducted overseas, has been prolonged and the approval procedure has not been completed.
One of the factors seems to be the delay in the examination work due to restrictions on movement due to the spread of the new coronavirus infection.
The shipbuilding industry is becoming more competitive in terms of costs due to a series of reorganizations between major companies in China and South Korea, and the Japanese shipbuilding industry is in a fiercely competitive environment.
In addition, domestic and overseas economic activities have temporarily stagnated due to the spread of infection, and demand for shipbuilding has been sluggish.
Both companies expect that the establishment of the new company will be delayed by about a month, but they will hurry to make a comeback as soon as they are established.