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.
(From left: TCS Group TCSL President Saira Awan,Chairman Khalid Awan, and NX South Asia & Oceania President Katsuhito Kobayashi)
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.
Through this acqusition, we will leverage TCSL's domestic logistics network and customer base to strengthen our logistics operations in Pakistan, where domestic demand is expected to grow. We will also work to enhance trade lanes to Central Asia originating from Pakistan, with a focus on developing new logistics services and identifying emerging market needs.
Through collaboration with TCSL, we aim to realize growth opportunities early, thereby providing stronger support for the supply chains of NX Group customers.
[TSCL Overview]
| (1) Name | TCS Logistics (Private) Limited |
| (2) Location | 101-104, Civil Aviation Club Road, Near Hajj Terminal, Karachi Airport, Karachi |
| (3) Locations & Facilities | Number of Warehouse Locations: 25 locations Warehouse Area: 1,494,587 ft2 (Approximately 140,000m2) Vehicles Owned: 322 |
| (4) Representative Name and Position | Khalid Awan (Chairman) Saira Awan (President) |
| (5) Business Activities | Land transportation, warehousing and distribution, land border transportation, forwarding, packaging services, and other related operations |
| (6) Date of Establishment | June 3, 2002 |
