Mitsubishi Logistics to sell investment securities, boost capital efficiency

Mitsubishi Logistics Corporation (TSE:9301) announced today its decision to sell one listed stock in response to a tender offer. This move aligns with the company's commitment to reduce cross-held shares to below 20% of net assets by the end of fiscal year 2025, as outlined in its Corporate Governance Report. The sale, expected to occur in May 2025, is projected to generate a gain of approximately JPY15.7 billion, which will be recorded as extraordinary income in the first quarter of the fiscal year ending March 31, 2026. The company intends to include this extraordinary income in its consolidated financial results forecast for the fiscal year ending March 31, 2026, which will be announced during the fiscal year 2025 earnings release. This strategic sale is aimed at improving capital efficiency and promoting a reduction in cross-held shares.