We hereby announce that on Monday, February 2, 2026, through our subsidiary NX South Asia & Oceania Co., Ltd. (President: Katsuhito Kobayashi), we acquired a minority stake in TCS Logistics (Private) Limited (hereinafter "TCSL"), a logistics company primarily engaged in providing domestic logistics services in Pakistan.
The NX Group positions the provision of end-to-end solutions covering the entire customer supply chain as a key strategy for accelerating business growth in the global market, with a particular focus on strengthening global logistics capabilities in South Asia and the surrounding regions.
Founded in 1983 and headquartered in Karachi, Pakistan, the TCS Group is among the largest logistics conglomerates in the country. TCSL, one of the companies of the TCS Group, possesses a nationwide logistics infrastructure in Pakistan, handling domestic land transportation, warehousing and distribution, and international overland transport connecting Central Asia to overseas destinations via the Port of Karachi. Pakistan has a population of over 200 million, with a substantial youth demographic, and future economic growth is anticipated for the country. (....)