Nichirei boosts ASEAN cold chain with major capital injections in Malaysia

Nichirei Corporation resolved on November 18, 2025, to execute capital increases for its subsidiary, NL Cold Chain Network (M) Sdn. Bhd., and its sub-subsidiary, NL Litt Tatt Group Sdn. Bhd. These transactions, including an in-kind contribution of shares, will result in both entities becoming "specified subsidiaries." The effective date for these capital increases is scheduled for early to mid-December 2025.

The strategic move by Nichirei Logistics Group aims to secure funds for expanding its market share and enhancing high-value-added services within the ASEAN temperature-controlled logistics sector. The capital increases will facilitate the development of a regional cross-border transportation network and strengthen delivery capabilities. NL Cold Chain Network (M) Sdn. Bhd.'s capital will increase from MYR 62,380,000 to MYR 307,470,000, while NL Litt Tatt Group Sdn. Bhd.'s capital will rise from MYR 84,552,000 to MYR 239,739,000.

Nichirei anticipates an immaterial impact on its consolidated results for the fiscal year ending March 31, 2026. These investments underscore Nichirei's commitment to reinforcing its cold chain infrastructure and operational reach in Southeast Asia.