In today’s briefing:
- Mitsubishi Logisnext (7105) – The Next Target in Logistics Space?
- Frontier Management Inc. (7038 JP) – Q3 Follow-Up
Mitsubishi Logisnext (7105) – The Next Target in Logistics Space?
- A Nikkei article this morning several hours pre-open said that Mitsubishi Heavy Industries (7011 JP) was preparing to sell its listed forklift subsidiary Mitsubishi Logisnext Co., Ltd. (7105 JP).
- The story says “Investors had been pressuring Mitsubishi Heavy to spin off or delist Logisnext” and we know the TSE dislikes dual listings. I would have expected a buy-in but…
- There are a number of reasons why a buyer could find this asset attractive. I suggest reading all the way through and the tone of the Conclusions.
Frontier Management Inc. (7038 JP) – Q3 Follow-Up
- Frontier Management Inc. (hereafter, the Company) announced Q3 FY2024/12 results on November 13, 2024.
- Cumulative Q3 sales in the Management Consulting Business remained strong at JPY 4,444 mn (+18.1% YoY), but other segments suffered.
- The Revitalization Support Business posted sales of JPY 1,088 mn (-15.0% YoY), reflecting the completion of a major project.
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