Nitto Fuji Flour Milling sells stake in logistics subsidiary, forms joint venture

Nitto Fuji Flour Milling announced on October 14, 2025, it will transfer a portion of its shares in consolidated subsidiary Nitto Fuji Unyu Co., Ltd. to Maruzen Showa Unyu Co., Ltd. This decision aims to strengthen its logistics system in response to new efficiency laws and improve delivery efficiency. The joint venture, to be named M&F Logistics Co., Ltd., will leverage Maruzen Showa Unyu's comprehensive logistics expertise.

Nitto Fuji Flour Milling will transfer 31,066 shares of Nitto Fuji Unyu, representing 66.7% of its former 100% ownership, for JPY 433,324,101. Post-transfer, Nitto Fuji Flour Milling will retain 15,534 shares, holding a 33.3% voting interest. The share transfer is expected to be executed on October 31, 2025.

Maruzen Showa Unyu Co., Ltd., established in 1931, specializes in logistics, port transportation, and cargo handling. For the fiscal year ending March 2025, Nitto Fuji Unyu reported net assets of JPY 849m and sales of JPY 2,046m. This transaction is considered minor and is not expected to significantly impact Nitto Fuji Flour Milling's consolidated earnings forecast for the current period.