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Starzen Company Limited ( (JP:8043) ) has issued an update.
Starzen Company Limited has completed the transfer of non-current assets, including land, as part of its medium-term management plan to reorganize logistics sites. This strategic move is expected to improve asset efficiency and increase storage capacity from 12,000 to 32,000 nominal tons with the establishment of new logistics centers in eastern and western Japan. The company anticipates recording an extraordinary income of approximately 7.5 billion yen from this transfer, which will be reflected in the fiscal year ending March 31, 2025.
More about Starzen Company Limited
Starzen Company Limited operates in the logistics industry, primarily focusing on freight transportation and warehousing through its wholly-owned subsidiary, Starzen Logistics Co., Ltd. The company is involved in the distribution and sales of frozen and chilled products, with a strategic emphasis on enhancing logistics efficiency and expanding storage capacity.
YTD Price Performance: -66.88%
Average Trading Volume: 249,509
Technical Sentiment Signal: Sell
Current Market Cap: Yen18.74B
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