Tohbu Network Co., Ltd. acquired a 53.23% stake in UOZUUNYU Co., Ltd. from Apex Co., Ltd.
October 27, 2022
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Tohbu Network Co., Ltd. (TSE:9036) acquired a 53.23% stake in UOZUUNYU Co., Ltd. from Apex Co., Ltd. on October 28, 2022. For the year ended August, 2022, UOZUUNYU Co., Ltd. reported net assets of ¥270 million, total assets of ¥780 million, revenues of ¥650 million, EBIT of ¥66 million and net income of ¥52 million.
Tohbu Network Co., Ltd. (TSE:9036) completed the acquisition of a 53.23% stake in UOZUUNYU Co., Ltd. from Apex Co., Ltd. on October 28, 2022.
TOHBU NETWORK CO.,LTD. is a Japan-based company mainly engaged in freight truck transport, merchandise sale, real estate leasing and other businesses. The Company operates through four business segments. The Lorry Transportation segment is engaged in the development of transportation network from the Tohoku region to the Kinki region, as well as the provision of transportation services for various products. In addition, the Company provides bulk ordering services such as cargo storage operations and distribution center operations according to customer demand. The Merchandise Sale segment is mainly engaged in the sale and leasing of petroleum products, cement and vehicles. The Real Estate Leasing segment provides various rental commercial facilities such as rental office buildings and distribution centers. The Other segment is involved in car maintenance, dispatching and non-life insurance agency business.
TOHBU NETWORK CO., LTD. 
