Kasumigaseki Capital Malaysia announced on October 10 that it had signed a memorandum of understanding with THP Enstek Development (THP) of Malaysia to explore a joint warehouse development project in Negeri Sembilan state.
The signing ceremony for the memorandum of understanding took place on September 29, 2025, at the Malaysian Pavilion of the Osaka-Kansai World Expo, with Chief Minister Aminuddin Harun in attendance.
<Scenes from the memorandum signing ceremony>
Based on the memorandum of understanding, Kasumigaseki Capital Malaysia and THP will proceed with discussions toward a joint venture to develop frozen, refrigerated, and ambient temperature warehouses at the Techpark@Enstek industrial park in Negeri Sembilan state.
On October 3, 2025, a delegation of officials from Negeri Sembilan state, including the Prime Minister, inspected "LOGI FLAG TECH Tokorozawa I," an automated cold storage warehouse in Tokorozawa City, Saitama Prefecture, which is planned, developed, and operated by Kasumigaseki Capital.
<Scenes from the inspection of "LOGI FLAG TECH Tokorozawa I">
The site visit was conducted with the aim of sharing know-how and deepening collaboration toward warehouse development in the area. Kasumigaseki Capital Group introduced its development and operational track record cultivated in Japan, and an exchange of opinions took place with a view to future joint development.
Kasumigaseki Capital Malaysia was established in March 2025 as Kasumigaseki Capital's local subsidiary in Malaysia, and officially launched its operations there in May.
On August 29, a land purchase agreement was signed for the Setia Alaman PJ, marking the start of development for Malaysia's first "rental-type automated cold storage warehouse."
Going forward, we plan to leverage the expertise we have cultivated in frozen and refrigerated warehouses and automated frozen warehouses in Japan to the fullest extent, and expand our logistics business while taking advantage of the growth of the Malaysian market.
