Mitsubishi Electric (JP:6503) has released an update.
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Seino Holdings has acquired a 66.6% stake in Mitsubishi Electric Logistics Corporation, which is now rebranded as MD LOGIS CORPORATION. The change marks the transition of the company to a subsidiary of Seino, while Mitsubishi Electric retains a 33.4% share and the status of equity-method affiliate. The financial impact of this transaction is under review by Seino and has been factored into Mitsubishi Electric’s financial forecasts for the fiscal year ending March 2025.
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