September 27, 2024
Kawasaki Kisen Kaisha, Ltd.
Kabushiki Kaisha Joongumi
Kawasaki Kisen Kaisha, Ltd. (Headquarters: Chiyoda-ku, Tokyo, President: Koichi Akenaga, hereinafter referred to as 'Kawasaki Kisen') and Kabushiki Kaisha Joongumi (Headquarters: Kobe City, Hyogo Prefecture, President: Yoshihiro Fukai, hereinafter referred to as 'Joongumi') have agreed to establish a holding company where Kawasaki Kisen becomes the parent company of Kei Line Logistics Corporation (hereinafter 'Kei Line Logistics'), transfer all the shares of Kei Line Logistics held by Kawasaki Kisen, and subject to the necessary approvals and procedures of the relevant authorities, transfer 47% of the total shares of the holding company to Joongumi. We hereby announce as follows.
Record
- Target Kawasaki Kisen's consolidated subsidiary
Kei Line Logistics Co., Ltd. - Main Purpose
Since its establishment in 1960, KL Logistics has been providing international logistics services, including forwarding, for over 60 years, playing an important role as a core company in the logistics business of the Kawasaki Kisen Group. Through this capital alliance, leveraging KL Logistics's global network and utilizing the rich logistics know-how and business assets of Kamigumi, they aim to strengthen contract logistics functionality and achieve the provision of high-quality and more diverse logistics services to customers, aiming for further growth in domestic and overseas markets. - Schedule
On September 27, 2024 (Friday), the stock transfer agreement was signed between Kawasaki Kisen and Kamigumi.
On April 1, 2025 (Tuesday) (scheduled), the execution of this stock transfer will take place. - Overview of the holding company
- Company Name
(English Name)KLKG Logistics Holdings Co., Ltd.
KLKG Logistics Holdings, Co., Ltd.
- Business Description
The holding company of Kei Line Logistics
- Share transfer date
April 1, 2025 (scheduled)
- Headquarters Address
1-1, Naioshocho, Chiyoda-ku, Tokyo (scheduled)
- Capital
JPY 10 million.
- Shareholders and shareholding ratio
Kawasaki Kisen Kaisha, Ltd. 53%, Kamigumi Co., Ltd. 47%
- Overview of the target company (as of March 31, 2024)
- Company Name
(English Name)
Kei Line Logistics Co., Ltd.
"K" LINE LOGISTICS, LTD.
- Business Description
Acting business for air and ocean freight export/import, customs clearance, air agency business, first-class, second-class general cargo transportation business (freight automobiles, overseas marine shipping, international air transport, domestic air transport, railroads), general consolidated cargo transportation business related to international transportation, etc.
- Date of establishment
October 25, 1960
- Headquarters Address
1-8-10 Harumi, Chuo-ku, Tokyo
- Representative
Ako Hiraoka
- Capital
600 million yen
- Shareholders and shareholding ratio
Kawasaki Kisen Kaisha, Ltd. 95.96%, Kawasaki Heavy Industries, Ltd. 4.04%
- Number of employees:
1,630 people (domestic: 509, overseas: 1,121) (consolidated)
- Revenue
43.5 billion yen (consolidated)
