The latest announcement is out from Mitsubishi Logistics ( (JP:9301) ).
Mitsubishi Logistics Corporation announced its decision to sell a listed stock as part of its strategy to reduce cross-held shares to less than 20% of its net assets by the end of FY2025. This move is expected to improve capital efficiency and result in an estimated gain of 15.7 billion yen, which will be reported as extraordinary income in the fiscal year ending March 31, 2026, potentially impacting the company’s financial outlook and stakeholder interests.
More about Mitsubishi Logistics
Mitsubishi Logistics Corporation operates in the logistics industry, providing comprehensive logistics services, including warehousing, transportation, and distribution. The company focuses on optimizing supply chain management and enhancing capital efficiency.
YTD Price Performance: -12.37%
Average Trading Volume: 82
Technical Sentiment Signal: Sell
Current Market Cap: €2.33B
For a thorough assessment of 9301 stock, go to TipRanks’ Stock Analysis page.