Mitsui Fudosan Announces Merger and Revised Forecast
Company Announcements

Mitsui Fudosan Announces Merger and Revised Forecast

Mitsui Fudosan Logistics Park, Inc. (JP:3471) has released an update.

Mitsui Fudosan Logistics Park Inc. (MFLP-REIT) is set to merge with Advance Logistics Investment Corporation (ADL), with the merger effective as of November 1, 2024. In anticipation of this, MFLP-REIT has announced changes to its operating and fiscal periods, subsequently revising its operating results forecast. The revisions reflect a shortened fiscal period ending October 31, 2024, leading to a slight increase in operating revenue and a decrease in operating and ordinary income.

For further insights into JP:3471 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App