Mitsui O.S.K. Lines
9104
商船三井
Company Information
Mitsui O.S.K. Lines, Ltd. engages in the marine transportation business in Japan and internationally. The company operates through Dry Bulk Business, Energy and Offshore Business, Product Transport Business, and Associated Businesses segments. The Dry Bulk Business segment owns and operates specialized vessels for various cargo types; and bulk carriers for cargo, such as iron ore, coal, grains, wood, wood chips, cement, fertilizers, salt, and steel products. The Energy and Offshore Business segment owns and operates crude oil and chemical tankers; tankers for naphtha, gasoline, and other refined petroleum products; and liquified natural gas and steaming coal carriers. The Associated Businesses segment engages in real estate, cruise ship, tugboat, and trading businesses. The company operates dry bulkers, tankers, LNG carriers, and steaming coal carriers; and containerships, cruise ships, and transport vessels.
Like many global shipping companies, their business rocketed up during COVID and took advantage of the logistics shortage and they're still enjoying the effects to this day. They also run some cruise ships on the consumer side, but it's a minor part of their business. The dividend payout went up like crazy during that era due to the unprecedented profits, surpassing 10%, and even today it has a very generous yield.
Stock Perks
Categories: Discounts, Gift Certificates, Products, Transportation
Rights day
End of March, end of September
Details
10% discount on the cruise ships Nippon Maru and Mitsui Ocean Fuji. You can use up to 2 coupons on one cruise, giving you a total 20% discount. For cruises that are 30 days or longer, the discount is reduced to 3% per coupon. This is given on both rights dates.
5,000 yen voucher for the Sunflower ferry service, can only use one voucher per person per trip. It docks in the Tokyo metropolitan area (Ibaraki/Oarai), Hokkaido (Tomakomai), Kansai (Osaka, Kobe), and Kyushu (Beppu, Kagoshima/Shibushi, Oita). This is only given in the September rights date.
Catalog gift worth 3,000 yen, featuring items that are sold onboard their passenger ships. This is only given in the March rights date.
Requirements
100 shares - 2 cruise coupons, 1 ferry voucher
1,500 shares - 4 cruise coupons, 2 ferry vouchers
3,000 shares - 6 cruise coupons, 3 ferry vouchers
The catalog gift requires 300 shares and for you to hold them for at least 2 years.
Comment
Most people would probably buy this stock for the dividend and to take advantage of the post-COVID profitability of the industry, but the perks are a nice touch if you are interested in taking a cruise or ferry.
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