ST Corp. to Absorb Logistics Unit in July

MT Newswires Live

2025/04/10

ST Corp. (TYO:4951) will absorb its logistics subsidiary, ST Business Support, on July 1 to streamline operations and improve productivity, according to a Wednesday filing on the Tokyo Stock Exchange.

The simplified merger requires no shareholder approval and involves no share issuance or cash payout.

The unit, fully owned by ST Corp, posted 1 billion yen in sales and 29 million yen in profit for the year ended March.

Price (JPY): $1443.00, Change: $+1.0, Percent Change: +0.07%

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(TYO:4951) will absorb its logistics subsidiary, ST Business Support, on July 1 to streamline operations and improve productivity, according to a Wednesday filing on the Tokyo Stock Exchange.</p><p>The simplified merger requires no shareholder approval and involves no share issuance or cash payout.</p><p>The unit, fully owned by ST Corp, posted 1 billion yen in sales and 29 million yen in profit for the year ended March.</p><p>Price (JPY): $1443.00, Change: $+1.0, Percent Change: +0.07%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6520","symbol_name":"工商业服务概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2526198340","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526198340","pubTimestamp":1744240850,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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