Kyuso Distribution System Co., Ltd. has decided to acquire 144,504 shares (51.6% voting rights) of Indian cold chain logistics company Coldrush for 2,750 million yen, making it a subsidiary. The share transfer is scheduled for August 10, 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9369","jir_company_name":"Kyuso Distribution System Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/9369-20260423-01.pdf","jir_short_summary":"Kyuso Distribution System Co., Ltd. has decided to acquire 144,504 shares (51.6% voting rights) of Indian cold chain logistics company Coldrush for 2,750 million yen, making it a subsidiary. The share transfer is scheduled for August 10, 2026.","jir_summary":"### Overview of M&A\nKyuso Distribution System Co., Ltd. resolved at the Board of Directors meeting on April 23, 2026, to acquire shares of India-based cold chain logistics company Coldrush Logistics Private Limited and make it a subsidiary. The number of shares acquired is 144,504, representing 51.6% of voting rights, at an acquisition price of 2,750 million yen. Coldrush serves major customers such as food manufacturers and the foodservice industry across India, providing cold chain logistics services requiring temperature control. Against the backdrop of growth potential in the Indian market, the company aims to enhance and expand cold chain logistics services by leveraging Coldrush\u2019s logistics bases and transportation network.\n\n### Outlook and Impact\nThe impact of this share acquisition on consolidated earnings for the fiscal year ending November 2026 is expected to be minor. The share transfer execution date is scheduled for August 10, 2026. Going forward, the company will continue to strengthen services through the integration of temperature control technologies and contribute to enriching India\u2019s food lifestyle. Important matters requiring disclosure will be promptly announced.","jir_financial_highlights":"Acquisition Price: 2,750 million yen (Unknown)\nNumber of Shares Acquired: 144,504 shares (Unknown)\nVoting Rights Ownership Ratio: 51.6% (Unknown)\nColdrush Sales (FY March 2025): 1,655 million yen (Slight decrease YoY (1,698 million yen \u2192 1,655 million yen))\nColdrush Operating Income (FY March 2025): 142 million yen (Year-over-Year increase (105 million yen \u2192 142 million yen))\nColdrush Net Income (FY March 2025): 38 million yen (Year-over-Year increase (9 million yen \u2192 38 million yen))","jir_category":"","jir_hashtags":"#KyusoDistributionSystem, #M&A, #ColdChainLogistics, #IndianMarket, #JapaneseStocks","jir_key_figures":"Acquisition Price: 2,750 million yen\nNumber of Shares Acquired: 144,504 shares (Voting Rights Ownership Ratio 51.6%)\nColdrush Sales (FY March 2025): 1,655 million yen","jir_meta_title":"[Kyuso Distribution System] Subsidiarization of Indian Cold Chain Logistics Company Coldrush | April 2026","jir_meta_description":"Kyuso Distribution System Co., Ltd. has decided to acquire 51.6% of shares of Indian cold chain logistics company Coldrush for 2,750 million yen, making it a subsidiary and aiming to expand its business in the Indian market.","jir_og_title":"[Kyuso Distribution System] Announces Subsidiarization of Indian Cold Chain Logistics Company | April 2026","jir_og_description":"Kyuso Distribution System has made Coldrush in India a subsidiary with an acquisition price of 2,750 million yen and voting rights ratio of 51.6%, accelerating expansion in the Indian market.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16968,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-41986","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n