SBS Holdings to acquire stake in Bridgestone Logistics
SBS Holdings announced its decision to acquire a majority stake in Bridgestone Logistics Co., Ltd., a subsidiary of Bridgestone Corporation, for an estimated JPY8,100 million, including advisory fees. The acquisition, approved by the board on June 30, 2025, will make Bridgestone Logistics a consolidated subsidiary of SBS Holdings. Bridgestone Logistics, known for its specialization in tire logistics and leveraging the Bridgestone Group's network, will maintain its current president, Yoshihiro Miyoshi, after the acquisition. SBS Holdings views this acquisition as a strategic move to expand its logistics business and integrated service offerings. The acquisition is subject to regulatory approvals. SBS Holdings is currently assessing the impact of this transaction on its consolidated financial results and will disclose further information as necessary.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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