Notice regarding additional acquisition of NISSIN ABC LOGISTICS PRIVATE LIMITED

November 15, 2012

The Company has decided to acquire additional shares of Nissin ABC Logistics Private Limited (hereinafter referred to as NISSIN ABC LOGISTICS PRIVATE LIMITED), a consolidated subsidiary of the Company, as follows. The acquisition price will be approximately 600 million yen, and the investment ratio of Nissin Co., Ltd. will increase from 51.0% to 95.0%

  • Reason for additional stock acquisition

    Since its establishment in 1999, NISSIN ABC LOGISTICS PRIVATE LIMITED has steadily developed with a focus on domestic logistics operations in India. Meanwhile, the number of Japanese companies expanding into India is increasing, and the demand for forwarding cargo to and from India is rapidly expanding, creating a need for high-quality and reliable cross-border Logistics Services.
    In order to meet this need, we have acquired additional shares NISSIN ABC LOGISTICS PRIVATE LIMITED. Based on a more robust business structure, we will be able to expand our forwarding business in India, including expanding our business base in northern India and expanding our bases in southern India. We aim to further strengthen Nissin Group's global network.

  • Overview of NISSIN ABC LOGISTICS PRIVATE LIMITED

    • Company name Nissin ABC Logistics Private Limited

    • Head office location: Kolkata, Republic of India

    • Representative Ken Hirosawa

    • Capital 20 million Indian rupees

    • Investor
      Nissin Corporation 51.00%
      ABC India Limited 24.00%
      ABC Financial Services Private Limited 10.00%
      Sweta Financial Services Private Limited 8.18%
      Manilinks Enclave Private Limited 6.82%

    • Establishment date: May 21, 1999

    • Business content: International transportation, warehousing, Customs clearance

    • Total number of issued shares: 1,100,000 shares

    • Sales: approximately 680 million rupees (2011)

  • Number of acquired shares and status of owned shares before and after acquisition

    • Shares owned before transfer: 561,000 shares (ownership ratio: 51.0%)

    • Number of shares acquired: 484,000 shares (percentage of issued shares: 44.0%)

    • Number of shares held after transfer: 1,045,000 shares (Ownership ratio: 95.0%)

  • Stock acquisition timing

    The stock acquisition is scheduled to be completed by the end of November 2012.

  • Future outlook

    The establishment of this joint venture will have no impact on the Company's consolidated results for the current fiscal year.

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