Nichirei logistics expands ASEAN operations with significant capital boosts in Malaysia

Nichirei Corporation has announced a resolution by its Board of Directors to execute capital increases in two Malaysian subsidiaries, NL COLD CHAIN NETWORK (M) SDN. BHD. and NL Litt Tatt Group Sdn. Bhd., effective early to mid-December 2025. These capital injections will result in both companies becoming specified subsidiaries of Nichirei Corporation. The move is designed to secure necessary funds for building a regional cross-border transportation network and strengthening delivery capabilities in the ASEAN region, aiming to expand market share and enhance value-added services.

NL COLD CHAIN NETWORK (M) SDN. BHD., involved in refrigerated and frozen warehousing and transportation, will see its capital increase from MYR 62,380,000 to MYR 307,470,000. Similarly, NL Litt Tatt Group Sdn. Bhd., a holding company for refrigerated and frozen warehouse businesses and transportation, will increase its capital from MYR 84,552,000 to MYR 239,739,000.

Nichirei Corporation expects the impact of these changes on its consolidated results for the fiscal year ending March 31, 2026, to be immaterial. This strategic investment underlines Nichirei Logistics Group's commitment to strengthening its temperature-controlled logistics business in Southeast Asia.