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Yasuda Logistics Corporation ( (JP:9324) ) has provided an announcement.
Yasuda Logistics Corporation has approved a secondary offering of 2,887,600 existing common shares to be sold by several major shareholders, including Sompo Japan Insurance, Taisei Corporation, Tokio Marine & Nichido Fire Insurance, Nichirei, Aomori Michinoku Bank and JBCC Holdings. The shares will be purchased and underwritten by a syndicate of securities firms, with the selling price to be set between 90% and 100% of the Tokyo Stock Exchange closing price on a pricing date between February 24 and 26, 2026.
The company will also conduct a secondary offering by way of over-allotment of up to 433,100 additional shares, giving the lead manager flexibility to meet investor demand and stabilize trading following the sale. Pricing for the over-allotment tranche will match the main secondary offering, and the over-allotment size may be reduced or cancelled depending on market conditions, potentially affecting liquidity and the post-transaction shareholder structure.
The most recent analyst rating on (JP:9324) stock is a Buy with a Yen2603.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.
More about Yasuda Logistics Corporation
Yasuda Logistics Corporation is a Japan-based logistics company listed on the Tokyo Stock Exchange Prime Market under securities code 9324. The company provides logistics and related services, operating in partnership with major Japanese corporates and financial institutions that also hold equity stakes in the firm.
Average Trading Volume: 28,532
Technical Sentiment Signal: Buy
Current Market Cap: Yen75.25B
For a thorough assessment of 9324 stock, go to TipRanks’ Stock Analysis page.