Seino Holdings Acquires Majority Stake in MD LOGIS

Mitsubishi Electric (JP:6503) has released an update.

Seino Holdings has acquired a 66.6% stake in Mitsubishi Electric Logistics Corporation, which is now rebranded as MD LOGIS CORPORATION. The change marks the transition of the company to a subsidiary of Seino, while Mitsubishi Electric retains a 33.4% share and the status of equity-method affiliate. The financial impact of this transaction is under review by Seino and has been factored into Mitsubishi Electric’s financial forecasts for the fiscal year ending March 2025.

For further insights into JP:6503 stock, check out TipRanks’ Stock Analysis page.