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Shibusawa Warehouse Co., Ltd. ( (JP:9304) ) just unveiled an update.
Shibusawa Logistics Corporation has resolved to convert its consolidated subsidiaries Omiya Transport Co., Ltd. and Heiwa Mirai Co., Ltd. into wholly owned subsidiaries via a simplified share exchange, as part of its “Shibusawa 2030 Vision” to become a value-creating logistics partner and strengthen its business domains. By unifying ownership and streamlining strategic decision-making across these regional transport and warehousing units, the group aims to respond more swiftly to changes in the business environment, enhance overall group capabilities, and improve corporate value, while using treasury stock for the share consideration and managing fractional and sub-unit shareholdings in line with Japan’s Companies Act.
The most recent analyst rating on (JP:9304) stock is a Hold with a Yen1304.00 price target. To see the full list of analyst forecasts on Shibusawa Warehouse Co., Ltd. stock, see the JP:9304 Stock Forecast page.
More about Shibusawa Warehouse Co., Ltd.
Shibusawa Logistics Corporation is a Japan-based logistics company listed on the TSE Prime Market that provides competitive logistics services, including land transportation, warehousing, railway transportation, moving services, joint delivery and distribution production through its group companies, with operations spanning areas such as Saitama and Shizuoka.
Average Trading Volume: 102,263
Technical Sentiment Signal: Buy
Current Market Cap: Yen76.92B
Learn more about 9304 stock on TipRanks’ Stock Analysis page.