Worth reading
71In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
25479
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.This transaction
This share transferCounterpartyHankyu Hanshin Holdings,Inc.
Disclosing companySEINO HOLDINGS CO.,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Freight forwarding, customs clearance, warehousing, trucking, import and export trading, agency services and related businesses
Location Kita-ku, Osaka CityShare capital ¥100 millionDate of incorporation 12 May 1999
Net Sales¥45,454 million (fiscal year ended March 2026)
Operating profit¥713 million (fiscal year ended March 2026)
Net income for the current fiscal year¥2,942 million (fiscal year ended March 2026)
Net assets¥22,991 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition price¥25,479 million (transfer price)
Amount of extraordinary income (loss)Gain on sale of shares in an affiliate: approximately ¥12.0 billion (fiscal year ending March 2027)
Impact on Business Performance
The transaction is expected to affect consolidated results for the fiscal year ending March 2027. The specific impact on the full-year consolidated earnings forecast is currently under review.
Procedures and assumptions
Management structure after acquisitionBusiness dealings involving the provision and use of logistics services under the service agreement between the Company Group and HEX are expected to continue. The corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | Hankyu Hanshin Holdings,Inc. |
| Name of the Subject Company | Hankyu Hanshin Express Co., Ltd. |
| Business Description of the Subject Company | Freight forwarding, customs clearance, warehousing, trucking, import and export trading, agency services and related businesses |
| Location of the Subject Company | Kita-ku, Osaka City |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 12 May 1999 |
| Net Sales of the Subject Company | ¥45,454 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥713 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥2,942 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥22,991 million (fiscal year ended March 2026) |
| Acquisition price | ¥25,479 million (transfer price) |
| Number of shares acquired | 3,710 shares (number of shares transferred); number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 34.01% → after 0% |
| Amount of extraordinary income (loss) | Gain on sale of shares in an affiliate: approximately ¥12.0 billion (fiscal year ending March 2027) |
| Impact on Business Performance | The transaction is expected to affect consolidated results for the fiscal year ending March 2027. The specific impact on the full-year consolidated earnings forecast is currently under review. |
| Date of board resolution | 30 October 2026 |
| Execution Date / Effective Date | During the fourth quarter of the fiscal year ending March 2027 (予定) |
| Management structure after acquisition | Business dealings involving the provision and use of logistics services under the service agreement between the Company Group and HEX are expected to continue. The corporate name, representative and treatment of employees: Not disclosed |
Items this document does not state (13)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company received an offer from Hankyu Hanshin Holdings,Inc. to acquire the shares, based on a policy of reviewing the shareholder structure to support the further growth of 株式会社阪急阪神エクスプレス and concentrating the shares with the owner best positioned for its future growth. After consideration, the Company decided to transfer all of its shares.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.