TOKYO, May 08 (Pulse News Wire) – IHI Corporation (7013.T) announced today that its board of directors resolved to sell shares of its wholly-owned subsidiary, IHIS Logistics Industry Systems, to Toyota Automatic Loom Works Co., Ltd. The transaction involves transferring 80% shares to Toyota Automatic Loom Works, with plans to retain 20% shares for five years before finalizing the sale.
The share transfer is scheduled for April 01, 2027. IHIS Logistics Industry Systems specializes in providing integrated hardware and software solutions for logistics centers and warehouses, leveraging expertise accumulated over decades. The move aims to enhance competitiveness through synergies and sustained investment post-transfer. IHI will continue to support the transition process for up to five years to ensure smooth operations.
Key financial highlights for IHIS Logistics Industry Systems as of March 2025 include total assets of ¥23.76 billion, capital of ¥1 billion, revenue of ¥32.80 billion, operating profit of ¥2.050 billion, and ordinary profit of ¥2.088 billion. As of March 2026, the company had 616 employees. Toyota Automatic Loom Works, established on July 02, 1984, operates globally in fiber machinery, industrial vehicles, automotive parts, and logistics solutions. It holds a capital of ¥80.46 billion as of March 2026, with a workforce of 81,808 employees.
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