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NIPPON EXPRESS HOLDINGS,INC. ( (JP:9147) ) has issued an announcement.
NIPPON EXPRESS HOLDINGS, INC. has agreed to transfer all of its 79.35% stake in Osaka Warehouse Co., Ltd., a consolidated subsidiary specializing in hazardous materials warehousing and logistics-related real estate leasing mainly in the Kansai region, to logistics real estate specialist CRE, Inc. Under the deal, Osaka Warehouse will cease to be a consolidated subsidiary, with Nippon Express positioning the divestment as part of its business portfolio reform to exit low-profit and non-core real estate-heavy operations and focus on growth businesses, while the move is expected to support Osaka Warehouse’s future sustainability and expansion under CRE and enhance corporate value for both groups.
The most recent analyst rating on (JP:9147) stock is a Sell with a Yen3104.00 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 logistics group operating under the NX brand, focused on transportation and logistics services and increasingly managing its business portfolio to prioritize higher-growth, higher-profit segments. As part of its NX Group Business Plan 2028, the company is actively reviewing its subsidiaries and assets based on capital profitability, growth potential, group synergies and a best-owner perspective to enhance overall corporate value.
Average Trading Volume: 810,694
Technical Sentiment Signal: Buy
Current Market Cap: Yen830B
Learn more about 9147 stock on TipRanks’ Stock Analysis page.