#Japan #Nippon Express #Osaka #CRE #Osaka Warehouse

CRE to Acquire Osaka Warehouse Inc.

CRE (Corporate Real Estate Co., Ltd.), under the leadership of President and COO Tadahide Kameyama, has recently announced an important business move: the signing of a share transfer agreement with NIPPON EXPRESS Holdings. This transaction marks a significant milestone as CRE intends to acquire all outstanding shares of Osaka Warehouse Inc., a company with a robust history in storage and logistics.

Background and Purpose of the Agreement

CRE’s business vision focuses on becoming a leading company in logistics real estate not just in Japan, but throughout Asia and the world. The company specializes in the development, management, and operation of logistics facilities. Historically, CRE has provided master leasing services, overseeing more than 1,000 properties primarily in the Kanto region.

Osaka Warehouse is known as the first specialist in dangerous goods storage in Osaka. It has developed into a major player in the storage industry and currently operates around the Kansai region focusing on mastering leasing as a core business. This agreement will allow CRE to diversify its portfolio by expanding its master leasing operations into central Kansai, which is expected to enhance its stock revenues and overall corporate value. Moreover, there is significant potential for synergies through the utilization of leasing and asset management capabilities of CRE within the newly acquired company.

Details of the Transaction

The share transfer agreement states that CRE will acquire 3,286,080 common shares of Osaka Warehouse, which represents an ownership stake of approximately 79.39%. The legal formalities are expected to finalize with the transfer of shares scheduled for June 1, 2026. This strategic acquisition is not only pivotal for enhancing CRE’s operational reach but also for fulfilling its long-term objectives of creating a cohesive logistics network throughout Japan.

Overview of Osaka Warehouse Inc.

Company Information:

• - Name: Osaka Warehouse Inc.
• - Location: 15th Floor, Yodoyabashi Mitsui Building, 4-1-1 Imabashi, Chuo Ward, Osaka
• - CEO: Toshiichi Kitai
• - Business Areas: Warehouse operations, leasing of warehouses, land, buildings, real estate brokerage, and management.
• - Established: December 17, 1921
• - Capital: ¥240 million
• - Current Shares Outstanding: 4,141,232
• - Major Shareholder: NIPPON EXPRESS Holdings (79.35%)

NIPPON EXPRESS Holdings Overview

Company Information:

• - Name: NIPPON EXPRESS Holdings, Inc.
• - Location: 2 Kanda Izumi-cho, Chiyoda Ward, Tokyo
• - CEO: Tomoki Horiguchi
• - Established: January 4, 2022
• - Capital: ¥70,175 million
• - Total Assets: ¥2,321,474 million
• - Major Shareholder: Japan Master Trust Bank (Trust account) (14.6%)

Financial Details of the Acquisition

The transaction will see CRE increase its ownership in Osaka Warehouse from 0% to approximately 79.39%. The exact acquisition price remains undisclosed as per the agreement between the parties. However, they have assured that it has been determined fairly based on mutual consent.

The upcoming schedule includes the formal execution of the share transfer on June 1, 2026. This acquisition is poised to play a vital role in CRE's expansion strategy in the rapidly evolving logistics sector within Japan and beyond.

Future Implications

By integrating Osaka Warehouse into its operational structure, CRE is expected to leverage its industry-specific know-how and resources to deliver enhanced service offerings. This move underlines the growing demand for diversified logistics solutions and reinforces CRE's commitment to its strategic growth plans.