Use of M&A and Alliances

「業績の低迷が続いていたフォワーダー事業の譲渡は、こうした事業ポートフォリオ管理厳格化の一つの事例と言えます。」

「During the consolidated fiscal year, Meitetsu-Zaimax Asset Management㈱ and NB Parking㈱ were included in the scope of consolidation through share acquisitions.」

「トーセイ㈱に経営層を含む人財を派遣する等、協業体制を確立」

「Interim net income attributable to owners of the parent was ¥11,263 million, down 47.8% year on year, as the decline in ordinary profit outweighed an improvement in extraordinary income and expenses, including a gain on a share exchange involving an affiliated company.」

「As of 1 January 2025, the transaction for integrating the consolidated freight transport businesses of Meitetsu Unyu Co., Ltd. and Nippon Express Co., Ltd. was completed, and the company holds 60% of the issued common shares of Meitetsu Unyu Co., Ltd., while Nippon Express Co., Ltd. holds 40%.」

「The transaction consists of two stages. The first transaction is the transfer of shares, and the second transaction is scheduled for 1 January 2025 (予定), when the rights and obligations relating to Nippon Express Co., Ltd.'s consolidated freight transport business in Japan will be transferred from Nippon Express Co., Ltd. to Meitetsu Unyu Co., Ltd. through an absorption-type company split, with shares in Meitetsu Unyu Co., Ltd. as consideration.」

「Since entering into the basic agreement, the company has held repeated discussions toward integrating the businesses. On 14 February 2024, the company entered into a business integration agreement with NXHD. As the first transaction, the company plans to transfer all issued shares of the target company from Nippon Express to Meitetsu Unyu on 1 April 2024 (予定). As the second transaction, it plans to transfer the rights and obligations relating to Nippon Express's target business in Japan from Nippon Express to Meitetsu Unyu through an absorption-type company split, with shares in Meitetsu Unyu as consideration, on 1 January 2025 (予定). Upon completion of the transaction, the company will hold 60% of Meitetsu Unyu's issued common shares and Nippon Express will hold 40%.」

「In the truck business, Meitetsu Unyu㈱ advanced cooperation with Nippon Express㈱, its capital and business alliance partner, and began jointly using transportation networks and facilities with group companies in Nagano and Saga prefectures. Meitetsu World Transport㈱, which was established through the spin-off of the international freight business of Meitetsu Kanko Service㈱, opened a new warehouse facility in Showajima, Tokyo, seeking to build a strategic logistics hub.」

「At a meeting of its board of directors held on 7 February 2022, the company resolved to acquire the common shares of its consolidated subsidiary Meitetsu Unyu Co., Ltd. through a tender offer under the Financial Instruments and Exchange Act. The tender offer ended on 24 March 2022.」

「At a meeting of its board of directors held on 7 February 2022, the company resolved to conduct a tender offer under the Financial Instruments and Exchange Act for the common shares of Meitetsu Unyu Co., Ltd. and to carry out a series of transactions aimed at taking the target company private by acquiring all of its shares. The purchase price is ¥3,500 per common share, the planned number of shares to be purchased is 1,868,441, and the purchase consideration is ¥6,539,543,500.」

「In March 2021, the company entered into agreements with Hero㈱ to transfer its shares in its consolidated subsidiaries Kanazawa Meitetsu Marukoshi Department Store㈱ and Kanazawa Sky Hotel㈱, and transferred all of the issued shares of Kanazawa Meitetsu Marukoshi Department Store㈱ and Kanazawa Sky Hotel㈱ that same month.」

「In the real estate leasing business, the increase in the number of parking spaces and the conversion of a tenant-building operator into a consolidated subsidiary contributed to earnings, although」

「In the real estate business, the company additionally acquired shares in Sakae Kaihatsu㈱, making it a consolidated subsidiary.」

「Meitetsu Kyosho㈱ acquired the parking business of BIKE O & COMPANY Ltd. in November last year, mainly seeking to expand its business in the Kanto region.」

「In the truck business, the Meitetsu Unyu Group carried out an organisational restructuring in April this year to concentrate management resources in the Kanto and Kansai regions, thereby improving management efficiency. It also sought to expand its business scope and use management resources more effectively in cooperation with Nippon Express㈱, with which it entered into a capital and business alliance last April, by accepting delivery contracts and promoting the joint use of facilities.」

「Meitetsu Unyu㈱ made Shinshu Meitetsu Unyu㈱ a wholly owned subsidiary in April last year, establishing an even stronger collaborative structure, and expanded its business scope through a capital and business alliance with Nippon Express㈱.」

「In the truck business, Meitetsu Unyu㈱ made Shinshu Meitetsu Unyu㈱ a wholly owned subsidiary in April last year, establishing a stronger collaborative structure, and expanded its business scope through a capital and business alliance with Nippon Express㈱.」

「In the truck business, Meitetsu Unyu㈱ made Shinshu Meitetsu Unyu㈱ a wholly owned subsidiary in April this year, establishing a stronger collaborative structure, and expanded its business scope through a capital and business alliance with Nippon Express㈱.」

「In April, 名鉄運輸㈱ made 信州名鉄運輸㈱ a wholly owned subsidiary through a share exchange, establishing a stronger collaboration framework. It also sought to expand and enhance its business domains through a capital and business alliance with 日本通運㈱.」

「The company will also consider using M&A and alliances as means of achieving these objectives quickly and effectively.」