Passenger Transportation, Ground & Sea
West Japan Railway Co <9021.T> : Says co plans to acquire a 70 percent stake in a Tokyo-based real estate agency (target company) which is the sub-subsidiary of Mitsubishi Heavy Industries Ltd <7011.T>, on Feb. 1, 2017 . Says transaction amount is 97 billion yen . Mitsubishi Heavy Industries plans to spin off real estate and related business to the target firm effect on Jan. 1, 2017 .Co will hold a 70 percent stake in the target company up from 0 percent.
Tokyu Corp <9005.T> : Says it plans to merge with its wholly owned subsidiary which is engaged in real estate business, effective on Oct. 1 .Says the unit to be dissolved after the transaction.
East Japan Railway Co <9020.T> : Says it plans to take over point service in Sendai from its Miyagi-based 96.56 percent owned unit which is engaged in construction, managemet and operation of station buildings .Says effective date is Feb. 15, 2017.
Hiroshima Electric Railway Co Ltd:To merge with its wholly owned Hiroshima-based subsidiary which is engaged in real estate related business and system development business, effective on April 1.Says the subsidiary to be dissolved after the transaction.