TOKYO, Mar 17 (Pulse News Wire) – Nichirei Corporation (2871.T) announced today that its subsidiary, Nichirei Logistics Group Holdings Holland B.V. (NHH), will undergo capital increase.
Following approval by the board of directors held, NHH's capital will rise from €¥11,350 thousand (¥2.086 billion) to €¥46,350 thousand (¥8.520 billion), making it a significant subsidiary due to exceeding 10% of Nichirei’s capital. The, Following the capital increase, NHH, headquartered in Rotterdam, Netherlands, will continue to operate as a holding company for refrigerated and frozen warehouse services and transportation businesses. As of February 28, 2026, the exchange rate was used to calculate the capital amount in euros.
In recent years, NHH reported revenues of €¥82 thousand, €¥168 thousand, and €¥226 thousand for fiscal years ending December 2022, 2023, and 2024, respectively. Operating profit fluctuated, showing losses in the latest fiscal year but maintaining positive net income. The effective date of the capital increase is scheduled for March 27, 2026.
According to preliminary estimates, the impact on Nichirei’s consolidated performance for the fiscal year ending March 2026 is expected to be minor.
🟢 Confidence: High AI-translated content.