TOKYO, May 11 (Pulse News Wire) – Umios Corporation (1333.T) announced today that its board of directors approved the sale of 54% of its wholly-owned subsidiary Umios Logis Co.'s outstanding shares to Senko Group Holdings Co. (SENKO).
Following the transaction, scheduled for September 1, 2026, Umios Logis will transition from being a consolidated subsidiary to a partially owned affiliate. This move stems from a comprehensive business alliance signed with Senko on May 26, 2025, aimed at enhancing long-term strategic partnerships. The decision was driven by the need to bolster sustainability in the logistics sector amid challenges such as labor shortages and rising energy costs. Senko's expertise and resources align well with Umios' goals, ensuring continued stable logistics services post-transfer. Umios Logis, established on October 16, 2002, operates cold storage facilities and freight transportation services.
As of March 2025, the company had total assets of ¥1 billion and net assets of ¥430 million. Prior to the transfer, Umios held 100% of Umios Logis' shares; post-transfer, the holding ratio will drop to 46%. Senko Group Holdings, founded in 1946, specializes in logistics, commercial operations, business support, life support, and product manufacturing. With capital of ¥39.4 billion, Senko is poised to integrate Umios Logis into its existing portfolio, further strengthening its logistics capabilities. The transaction is expected to have a minor impact on Umios' performance, pending final calculations of any associated gains or losses.
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