Tonami Holdings Co., Ltd. concluded a share transfer agreement to acquire Miyuki Soko, K.K. from individual shareholders.
December 30, 2020
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Tonami Holdings Co., Ltd. (TSE:9070) concluded a share transfer agreement to acquire Miyuki Soko, K.K. from individual shareholders on December 1, 2020. Tonami Holdings Co., Ltd. will acquire 0.06 million shares of Miyuki Soko, K.K. After the transaction, Miyuki Soko, K.K. will be known as Miyuki Warehouse Co., Ltd. Miyuki Soko, K.K. reported sales of approximately ¥850 million in 2019. Etsuyuki Nagamura will be the President and Chief Executive Officer of Miyuki Soko, K.K. after the transaction. The Board of Directors passed a resolution for the transaction on December 1, 2020. The transaction is expected to be completed on December 21, 2020. The acquisition of the shares will not change the consolidated earnings forecast for the fiscal year ending March 2021.
Tonami Holdings Co., Ltd. is Japan-based company mainly engaged in the integrated logistics business. The Company operates in three business segments. The Logistics-related segment is engaged in the truck transportation business, the freight transportation business, the warehousing business and harbor transportation business. The Information Processing segment provides information processing service. The Sales segment is engaged in merchandising and consignment of goods, casualty insurance agency and other businesses. The others businesses include automobile repair and other businesses.