Takara Holdings' Board of Directors approved an agreement to transfer 70% of the shares of its logistics subsidiary, Takara Logistics System, to Chuo Warehouse. The transfer is expected to end Takara Holdings' relationship with the company as a consolidated subsidiary, while Takara Holdings is expected to recognize an extraordinary gain and will continue to hold 30%.
Takara Holdings announced today that its Board of Directors had entered into a share transfer agreement for Takara Logistics System. The shares subject to the transfer represent 70% of the issued shares, and the transferee is Chuo Warehouse.
As a result of the share transfer, Takara Logistics System will no longer be a consolidated subsidiary of Takara Holdings. Meanwhile, Takara Holdings plans to recognize an extraordinary gain in its consolidated financial statements.
Under the Takara Group Medium-Term Management Plan 2030, Takara Holdings has made clear its policy of optimizing its business portfolio using ROIC as an indicator and concentrating resources on overseas expansion and new business areas, while leveraging external expertise in peripheral businesses such as logistics.
Chuo Warehouse, the transferee, has a logistics network centered in the Kansai and Chubu regions, and the transfer is expected to accelerate the joint use of vehicles and warehouses and the deployment of logistics DX. Takara Holdings will continue to hold 30% of the shares and maintain its cooperative relationship with Takara Logistics System.