Nagoya Railroad Announces Sale of Consolidated Subsidiary Shares | May 2026

Overview of Business and Background of Share Transfer

Nagoya Railroad entered into an agreement to transfer all shares of its consolidated subsidiary, Meitetsu World Transport, to Shibusawa Warehouse on May 11, 2026. As a result, Meitetsu World Transport is scheduled to be excluded from the scope of consolidation. The background of the transfer includes a review of the group's management resources aimed at strengthening its profit foundation amid a tough business environment. Meitetsu World Transport, established as a separate company in April 2022 and engaged in logistics business, has faced issues related to restructuring its earnings structure and securing stable profits. The transfer aims to optimize resource allocation within the Nagoya Railroad Group and to strengthen the logistics network.

Future Outlook and Impact

This share transfer is expected to have a minimal impact on Nagoya Railroad’s consolidated financial performance. The transfer is scheduled for May 29, 2026, and the transfer price has not been disclosed in accordance with the contract. The revenue of Meitetsu World Transport after the transfer is currently unknown, but the company will continue to pursue strengthening of the logistics business and enhancing group management efficiency as part of its strategic initiatives. Nagoya Railroad will continue to strive for sustainable growth and enhancement of corporate value.