Nichirei to Acquire Indonesian Cold Chain Operators to Boost ASEAN Logistics Network

An update from Nichirei Corporation ( (JP:2871) ) is now available.

Nichirei Corporation’s logistics arm, Nichirei Logistics Group Inc., will acquire Indonesian cold chain operators PT Mega Indo Logistik and PT Mega Internasional Sejahtera, making them consolidated subsidiaries. The deal, executed through a mix of existing share purchases and a third-party allotment of new shares, will bring a fast-growing transport and storage business in Indonesia into the group.

The move aligns with Nichirei’s medium-term plan to build an intra-ASEAN temperature-controlled logistics network and tap rising cold chain demand in the region’s largest economy by population and GDP. By combining Nichirei’s operational know-how and overseas network with the targets’ efficient, high-margin warehouse operations and established customer base, the company aims to strengthen its ASEAN business foundation and accelerate overseas-led growth in logistics earnings.

The most recent analyst rating on (JP:2871) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.

More about Nichirei Corporation

Nichirei Corporation is a Japan-based diversified group with a significant presence in temperature-controlled logistics through its subsidiary Nichirei Logistics Group Inc. The group focuses on cold chain services, including refrigerated storage and transportation, and is actively expanding its overseas network, particularly within ASEAN markets such as Indonesia, to capture growing demand for temperature-controlled logistics.

Average Trading Volume: 1,283,737

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen480.9B

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