Nippon Express Holdings to Divest Niigata West Port Logistics Subsidiary to Rinko

An update from NIPPON EXPRESS HOLDINGS,INC. ( (JP:9147) ) is now available.

NIPPON EXPRESS HOLDINGS, INC. has agreed to transfer all shares of its sub-subsidiary NX Nihonkai Soko Co., Ltd., a port-focused warehousing and logistics operator based at Niigata West Port, to Rinko Corporation, which specializes in port cargo handling and storage at Niigata Port. The move stems from the group’s business portfolio policy emphasizing capital efficiency and growth potential, and follows a strategic shift that has seen Nippon Express concentrate international and related domestic logistics activities at Niigata East Port. After a review showing weak profitability and limited group synergies for the West Port business, the company concluded that selling the unit—currently 99.12% owned by Nippon Express—would support NX Nihonkai Soko’s growth under Rinko, help revitalize the West Port area, and improve capital efficiency, with the subsidiary ceasing to be consolidated in the group’s financial results.

The most recent analyst rating on (JP:9147) stock is a Hold with a Yen3430.00 price target. To see the full list of analyst forecasts on NIPPON EXPRESS HOLDINGS,INC. stock, see the JP:9147 Stock Forecast page.

More about NIPPON EXPRESS HOLDINGS,INC.

NIPPON EXPRESS HOLDINGS, INC. is a Japan-based global logistics group whose core operations span transportation, warehousing, freight forwarding, third-party logistics and related distribution services. Through group companies such as Nippon Express Co., Ltd., it provides integrated logistics solutions for domestic and international supply chains, with a particular focus on port, warehouse and cargo-handling functions supporting trade flows across Japan’s major ports.

Average Trading Volume: 896,255

Technical Sentiment Signal: Buy

Current Market Cap: Yen791.3B

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