SG Holdings and Seino Holdings to form a business alliance

sg holdings

SG Holdings and Seino Holdings announced that the companies have concluded a basic agreement to proceed with discussions on a business alliance aimed at providing sustainable and convenient logistics services. The discussions will involve plans for joint operations of long-haul transportation, joint deliveries and other business collaborations in order to help resolve labour shortages, which remains a social issue in Japan.

Based on the alliance framework,the companies will form working teams to proceed as well as conduct trial operations on specified transport routes and in specified areas to enhance the effectiveness of the business alliance.

The impact of this agreement on consolidated financial results of SG Holdings and Seino Holdings will be minimal, and there is no change to the earnings forecasts of either company.

Source: SG Holdings