Nagoya Railroad Co., Ltd. [9048.T]
TOKYO, May 11 (Pulse News Wire) – Nagoya Railroad Co., Ltd. (9048.T) announced today that it has entered into a share transfer agreement with Shizukawa Warehouse Co., Ltd.
Under the agreement, Nagoya Railroad will transfer all outstanding shares of its subsidiary, Nishikawa World Transport Co., Ltd., to Shizukawa Warehouse. As a result, Nishikawa World Transport will likely be delisted from Nagoya Railroad's consolidated subsidiaries. Nishikawa World Transport was established on April 1, 2022, and specializes in customs clearance, freight forwarding, warehousing, and related services. It had a capital of [¥100 million] as of March 31, 2025, and reported revenues of [¥5.841 billion] for the fiscal year ending March 2025.
Nagoya Railroad holds 100% of Nishikawa World Transport’s shares. Shizukawa Warehouse, founded in 1897, operates in warehousing, land transportation, maritime shipping, and related logistics services. The transaction is expected to close on May 29, 2026. In a statement, Nagoya Railroad noted that while the impact on its consolidated performance is anticipated to be minor, it will promptly disclose any significant developments arising from the transaction.
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