Cargo Transportation and Infrastructure Services

AGP Corporation

Japan Airlines Reaches Equity Ownership Agreement with AGP for Privatization with 46.56% Stake

9377

Japan Airlines Co., Ltd. has finalized an equity ownership agreement for AGP Corporation, holding 46.56% post-privatization, following approval at AGP's 60th Annual General Meeting. This strategic move aims to enhance collaboration among Japan Airlines, Japan Airport Terminal Co., Ltd., and ANA Holdings Inc. to promote decarbonization and ensure stable growth in Japan's aviation sector. The latest analyst rating for Japan Airlines stock (JP:9201) is a Buy, with a price target of Yen3400.00.

Tip Ranks

Japan Airlines Finalizes Equity Ownership Agreement for AGP Corporation

ANA Holdings Inc. has endorsed Japan Airlines' proposal regarding the tender offer for AGP Corporation shares by Macquarie Asia-Pacific Infrastructure Investments. This endorsement indicates a strategic alignment with JAL and may impact the competitive landscape in the aviation and infrastructure sectors. The current analyst rating for ANA Holdings (JP:9202) is a Hold, with a price target of Yen 3550.00, and the company has a market cap of Yen 1298.1B.

ANA Holdings Endorses JAL’s Proposal on AGP Shares

Japan Airlines Co Ltd has expressed its opinion regarding the tender offer proposal for shares of AGP Corporation by Macquarie Asia-Pacific Infrastructure Investments 4 Pte. Ltd. The company does not intend to tender its shares, believing the offer is either not feasible or has very limited feasibility. Additionally, Japan Airlines has received confirmation from Japan Airport Terminal and ANA Holdings that they will continue to support its shareholder proposal at AGP's AGM.

Reuters

Japan Airlines Co Ltd - Company's Opinion Regarding Tender Offer Proposal For Shares Of Agp Corporation By Macquarie Asia-Pacific Infrastructure Investments 4 Pte. Ltd.

AGP Corporation (TSE:9377) is managing its debt safely, with net cash of JP¥2.98b and more liquid assets than liabilities. The company reduced its debt from JP¥607.0m to JP¥378.0m over the past year, while increasing EBIT by 27%. Despite a lower free cash flow conversion rate of 33% of EBIT, AGP's balance sheet indicates it can comfortably service its debt, suggesting that its use of debt is not risky. However, investors should be aware of two warning signs related to the company.

Simplywall

These 4 Measures Indicate That AGP (TSE:9377) Is Using Debt Safely

Japan Airlines (JAL) has reaffirmed its support for a shareholder proposal at AGP Corporation ahead of the logistics firm's annual general meeting in June, despite opposition from AGP's board. The proposal includes share consolidation and director appointments. AGP has criticized the proposal in a governance report. JAL has addressed key concerns in writing and prefers to discuss unresolved issues post-meeting, declining AGP's request for a pre-AGM interview.

Trading View

JAL Reaffirms Support for Shareholder Proposal at AGP, Declines Pre-AGM Meeting

Japan Airlines Co., Ltd. has reaffirmed its position on a shareholder proposal regarding AGP Corporation, which includes share consolidation and amendments to the Articles of Incorporation. Despite AGP's opposition, JAL is committed to its strategic objectives and plans to continue discussions after AGP's Annual General Meeting. The latest analyst rating for JAL stock (JP:9201) is a Buy with a price target of Yen3500.00, reflecting a strong market sentiment.

Japan Airlines Reaffirms Position on AGP Shareholder Proposal

Japan Airlines Co., Ltd. has responded to AGP Corporation's shareholder proposal regarding share consolidation and amendments to the Articles of Incorporation, which will be discussed at AGP's upcoming Annual General Meeting. The response was agreed upon by all nine directors and addresses questions from AGP's Special Committee. The latest analyst rating for Japan Airlines (JP:9201) is a Buy with a price target of Yen3500.00. The company is a major player in the aviation industry, listed on the Tokyo Stock Exchange, with a current market cap of Yen1243.3B.

Japan Airlines Responds to AGP Corporation’s Shareholder Proposal Inquiry

In the current global market, investors are considering dividend stocks for stability and income amid mixed economic signals. The top 10 global dividend stocks include CAC Holdings (4.89% yield), Nihon Parkerizing (4.20%), and Daito Trust Construction (4.03%). Notable mentions are Macnica Galaxy (3.7% yield) and AGP Corporation (3.2%), both showing volatility in dividend payments. Creative Sensor offers a 4.5% yield but also faces reliability concerns. The article emphasizes the importance of thorough analysis before investing in dividend stocks.

Essential Properties Realty

Global Dividend Stocks To Consider For Your Portfolio

Japan Airlines Co. has proposed a share consolidation and delisting of AGP Corporation, aiming to make JAL, Japan Airport Terminal Co., and ANA Holdings the sole shareholders. If approved, AGP's shares will be delisted from the Tokyo Stock Exchange, with current shareholders receiving monetary compensation for fractional shares. JAL plans to finance this through borrowings or contributions. JAL is a major player in the aviation industry with a market cap of $7.88B and a year-to-date price performance of 12.93%.