Nippon Express stock gets Metro Supply Chain expansion update

Published on 10/08/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nippon Express stock was last at JPY 5,581 on October 8, 2026, as a CAD 1.8 billion logistics acquisition moves toward completion. Fiscal 2026 Q2 revenue trends add context.

Nippon Express, JP3688370000, Illustration mit AI erstellt.

Nippon Express stock (ISIN JP3688370000) was last at JPY 5,581 on October 8, 2026 at 3:30 p.m. JST, down 0.16 percent from the previous close. The immediate company story is Metro Supply Chain, whose acquisition was disclosed on October 2, 2026 and carries an acquisition price of CAD 1.8 billion.

Metro deal reaches full ownership

According to Japan IR, Nippon Express acquired 11,754,647 Metro Supply Chain shares, representing 100.0 percent of voting rights, through its Canadian subsidiaries. The planned merger is scheduled for November 1, 2026, while the impact on fiscal 2026 consolidated results is still being evaluated.

The transaction expands Nippon Express's third-party logistics platform, but its earnings contribution is not included in the current fiscal 2026 forecast, according to the same October 2 disclosure from Japan IR. That distinction matters because investors are assessing the strategic scale of the deal before its profit effect is visible.

Q2 growth meets cost pressure

In the fiscal 2026 second-quarter briefing, Yahoo Finance published management commentary that warehousing, delivery and related-services revenue increased 7.9 percent year over year. Management also pointed to an 8.5 percent expected return on equity for fiscal 2026.

The full-year operating income forecast stands at JPY 120 billion. The forecast includes JPY 42.8 billion of gains from low-profit real estate sales, JPY 4.2 billion of one-time restructuring costs and JPY 3.2 billion of Metro Supply Chain acquisition-related costs, according to Yahoo Finance.

Stock remains below yearly high

Nippon Express was last at JPY 5,581 on the Tokyo Stock Exchange on October 8, 2026, with volume of 849,100 shares and market capitalization of JPY 1,353.3 billion. The price stood JPY 285, or 4.9 percent, below the 52-week high of JPY 5,866.

A separate October 5 review from Simply Wall St cited a 69.79 percent year-to-date share-price gain and a completed JPY 41,013.74 million buyback. Its valuation discussion also highlighted the tension between logistics growth and a higher earnings multiple.