Sagawa Express establishes holding company
Sagawa Express Co. on Tuesday established a holding company, SG Holdings Co., to have the holding firm focus on the management of its group companies, thereby speeding up the core company’s decision-making process.
SG Holdings is capitalized at 11.2 billion yen. Sagawa Express President Eiichi Kuriwada doubles as its president.
Sagawa Express will transfer its shares to SG Holdings to become its wholly owned subsidiary. The shares of affiliate companies that are owned by Sagawa Express will also be transferred to the holding company by around June.
