Yamato Holdings to Acquire Majority Stake in Nakano Shokai
Company Announcements

Yamato Holdings to Acquire Majority Stake in Nakano Shokai

Yamato Holdings Co (JP:9064) has released an update.

Yamato Holdings Co. has announced plans to acquire 87.7% of Nakano Shokai Co., Ltd’s shares, making it a consolidated subsidiary. This acquisition aligns with Yamato’s Medium-term Management Plan to expand its business portfolio, particularly enhancing its Contract Logistics and Express Business sectors. The move aims to generate synergies and cost efficiencies by leveraging the combined resources of both companies.

For further insights into JP:9064 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskYamato Holdings Reports Challenging Six-Month Financial Performance
TipRanks Japan Auto-Generated NewsdeskYamato Holdings Revises Financial Forecast Amid Revenue Decline
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App