Hamakyorex Co., Ltd. acquired 67.6% stake in Jp Logiservice Co., Ltd from JAPAN POST Co., Ltd
December 16, 2018
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Hamakyorex Co., Ltd. (TSE:9037) concluded a contract to acquire 67.6% stake in Jp Logiservice Co., Ltd from JAPAN POST Co., Ltd on December 17, 2018. Under the terms, Hamakyorex acquired 0.05 million shares of Jp Logiservice. Post-acquisition, Jp Logiservice becomes a subsidiary of Hamakyorex. Jp Logiservice reported net assets of ¥661 million, total assets of ¥2.7 billion, sales of ¥11.23 billion, operating profit of ¥199 million and net profit of ¥132 million as of March 2018. The transaction has been resolved by the Board of Directors of Hamakyorex at the meeting held on December 17, 2018.
Hamakyorex Co., Ltd. (TSE:9037) completed the acquisition of 67.6% stake in Jp Logiservice Co., Ltd from JAPAN POST Co., Ltd on December 17, 2018.
HAMAKYOREX CO., LTD. is a Japan-based company mainly engaged in third-party logistics (3PL) concentrated on the logistics center business, as well as freight truck transportation businesses. The Company operates through two business segments. The Distribution Center segment is engaged in center operation business and center delivery business. In addition, the Lorry Trucking segment is engaged in general cargo transportation and special stack cargo transportation business.