Maruzen Showa Transport announced on October 14th that it will acquire 66.6% of the outstanding shares of Nitto Fuji Transport, making it a subsidiary. The acquisition price is 440,774,101 yen (including 7,450,000 yen for advisory fees, etc.). The share transfer will be executed on October 31st, and Nitto Fuji Transport is scheduled to change its company name to "M&F Logistics".
Since its establishment in 1970, Nitto Fuji Transport has accumulated know-how and skills through its wheat flour transportation business, and has been responsible for the logistics functions of the Nitto Fuji Flour Milling Group.
Maruzen Showa Transport will incorporate Nitto Fuji Transport's logistics network into its group, aiming to provide higher value-added logistics services.
The company also aims to improve logistics efficiency by promoting joint logistics within the flour milling industry. They determined that making the subsidiary would lead to an increase in the group's corporate value.
■ Overview of the company whose shares will be acquired
Name: Nitto Fuji Transport
Location: 6-2-1 Tokai, Ota-ku, Tokyo
Business content: Truck transportation industry
Capital: 2500 10,000 yen
Date of establishment: August 1970
Business performance and financial position for the past three years:
For the fiscal year ending March 2023, sales were 2.02 billion yen, and ordinary profit was 157 million yen.
For the fiscal year ending March 2024, sales were 2.02 billion yen, and ordinary profit was 157 million yen.
For the fiscal year ending October 2025, sales were 1.733 billion yen, and ordinary profit was 11 million yen.
■Nitto Fuji Transport's new company name and change date
New company name: M&F Logistics
Effective date: October 31, 2025 (scheduled)
