Transition to a Holding Company Structure Focused on Group Management

「As step 2 in the transition to a holding company structure, this absorption-type company split involves a Group reorganization under which certain major subsidiaries of Nippon Express became our direct subsidiaries, as well as the succession to us of bonds issued by Nippon Express.」

「By transitioning to a holding company structure, we aim to focus on Group management, strengthen our global governance structure to achieve further expansion of overseas business, optimize and enhance each Group business, and build a management control structure that enables rapid and accurate management decisions.」