Hamakyorex Co., Ltd. cancelled the acquisition of Shutapu K.K. from Hiro Koshikizawa.
March 30, 2017
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Hamakyorex Co., Ltd. (TSE:9037) agreed to acquire Shutapu K.K. from Hiro Koshikizawa on March 31, 2016. As part of the transaction, Hamakyorex will acquire entire 910 shares of Shutapu. Shutapu will become a subsidiary of Hamakyorex. Shutapu reported net assets of ¥239 million, total assets of ¥1.16 billion, sales of ¥3.02 billion, operating profit of ¥46 million and net income of ¥46 million as of September 2015. The transaction is expected to close on April 20, 2016.
Hamakyorex Co., Ltd. (TSE:9037) cancelled the acquisition of Shutapu K.K. from Hiro Koshikizawa on March 31, 2017.
HAMAKYOREX CO., LTD. is a Japan-based company mainly engaged in third-party logistics (3PL) concentrated on the logistics center business, as well as freight truck transportation businesses. The Company operates through two business segments. The Distribution Center segment is engaged in center operation business and center delivery business. In addition, the Lorry Trucking segment is engaged in general cargo transportation and special stack cargo transportation business.