On March 17, Nichirei announced that Nichirei Logistics Group Headquarters, which is responsible for the group's cold chain logistics business, has resolved to increase the capital of its subsidiary, Nichirei Holding Holland (Netherlands).
As a result of the capital increase, Nichirei Holding Holland's capital will be equivalent to more than 10% of Nichirei's capital, thus qualifying it as a specified subsidiary.
Nichirei Logistics Group operates a cold chain logistics business in Europe and aims to further expand its market share and provide high value-added services. To secure the necessary funds for the construction and expansion of cold chain warehouses, the company will raise capital.
The capital increase is scheduled to take effect on March 27th. The company states that the impact on its consolidated financial results for the fiscal year ending March 2026 will be minor.
■ Overview of the subsidiary to be transferred
Name: Nichirei Holding Holland
Address: Willem Barentzstraat 1,3165 AA Rotterdam, Netherlands
Business activities: Holding company for refrigerated and frozen warehousing and transportation businesses.
Capital:
(Before capital increase) 1135 million euros (2.086 billion yen)
(After capital increase) 4635 million euros (8.52 billion yen) *planned
Date of establishment: August 1989
Ownership ratio: Nichirei Logistics Group Headquarters 100%
