法人別リリース

JLG Capital and Kasumigaseki Capital Malaysia Sign MoU to Explore Advanced Cold-chain and...

Kasumigaseki Capital — Tue, 06 Oct 2026 15:00:00 +0900

KUALA LUMPUR, Malaysia and TOKYO, Oct. 6, 2026 /Kyodo JBN/ --
Kasumigaseki Capital Co., Ltd.
JLG Capital and Kasumigaseki Capital Malaysia Sign MoU to Explore Advanced Cold-chain and Automated Logistics Infrastructure in Malaysia

Tokyo-based Kasumigaseki Capital Co., Ltd. (KC Group) announced that JLG Capital Sdn Bhd (JLG Capital), a wholly owned subsidiary of JLand Group Berhad (JLG), has entered into a Memorandum of Understanding (MoU) with Kasumigaseki Capital (Malaysia) Sdn Bhd (KCMY) to explore opportunities in automated cold-storage and cold-chain infrastructure in Malaysia.

Logo1: https://cdn.kyodonewsprwire.jp/prwfile/release/M108820/202610017060/_prw_PI1fl_qWE2n1c2.png

Logo2:
https://cdn.kyodonewsprwire.jp/prwfile/release/M108820/202610017060/_prw_PI2fl_fxQPdsFf.png

The collaboration brings together JLG Capital’s property investment/development capabilities as well as local market knowledge and a stakeholder network with KCMY’s expertise in modern cold-chain and automated storage facilities. The parties will also explore solutions across frozen, chilled, temperature-controlled and ambient-temperature storage.

As industrial and logistics requirements become increasingly technology-driven, the infrastructure supporting them must evolve in tandem. For cold-chain operations, this means moving beyond conventional storage towards facilities that can deliver greater capacity, efficiency and operational performance.

By integrating automation into specialized logistics infrastructure, the collaboration will explore how real estate can respond to these evolving requirements -- improving storage capacity and space utilization while enabling more efficient movement and management of goods. For JLG, this reflects a broader approach to real estate: creating infrastructure that enables industries to operate more effectively.

Datuk Sr. Akmal Ahmad, Group Managing Director of JLG, said:
"For us, the future of real estate is not only about where industries operate, but how well they can operate. This means looking beyond the physical asset and bringing together the right infrastructure, technology and expertise to help businesses become more efficient, resilient and competitive.

"Our collaboration with Kasumigaseki Capital reflects this approach. Together, we are exploring how advanced cold-chain infrastructure can respond to the evolving needs of Malaysia’s industries, improve operational performance and support the transition towards higher-value activities.

"Ultimately, we want the real estate and infrastructure solutions we create to deliver better outcomes for the businesses and people who use them. The value of real estate lies not simply in the spaces we develop, but in what those spaces enable industries and people to do better."

Under the MoU, both parties will evaluate potential joint ventures for the investment, development, ownership and operation of cold logistics and warehousing facilities, including frozen and chilled storage facilities and automated cold-storage warehouses as well as other opportunities within Malaysia’s cold-chain and automated storage sector.

JLG Capital will provide the local development platform to help translate these opportunities into viable projects, bringing together suitable land, market access, stakeholder coordination and financing facilitation, with the potential to leverage strategic growth platforms such as the Johor-Singapore Special Economic Zone (JS-SEZ).

KCMY will bring specialized capabilities across the project lifecycle -- from planning and development to funding, leasing and operational management -- complemented by its international network of customers, logistics operators and strategic business partners.

Tomohiro Honma, Director and Executive Chairman of KCMY, said:
"Malaysia presents promising opportunities for modern, technology-enabled cold-chain infrastructure. By combining JLG Capital’s strong local market knowledge and development capabilities with Kasumigaseki Capital’s experience in advanced automated cold-storage development and operations, we see a strong foundation to explore potential projects together. We look forward to building a long-term relationship and creating shared value together."

The collaboration reflects JLG’s approach to pursuing partnerships that bring new capabilities and technology into the real estate ecosystem, aligned with the New Industrial Master Plan 2030 (NIMP 2030) and its drive towards greater technology adoption, productivity and higher-value industrial activities.

About JLand Group (JLG)
JLand Group is the real estate and infrastructure platform of Johor Corporation (JCorp), delivering integrated, sustainable and future-ready developments that support industrial growth, urbanization and digital transformation. Its operations span four strategic pillars: Property Development, Integrated Community Solutions, Property Investment and Business Augmentation. These pillars serve as the cornerstone for maximizing value strategically across the company’s business and assets, underpinning its strong foothold across various industries.

To learn more, visit https://www.jlandgroup.com.my/ or connect with JLG's LinkedIn.

About Kasumigaseki Capital
Kasumigaseki Capital (Malaysia) Sdn Bhd is a wholly owned subsidiary of Kasumigaseki Capital Co., Ltd. (KC Group). Headquartered in Tokyo, Japan, KC Group is primarily involved in businesses spanning logistics, hospitality and healthcare.

To learn more, visit: https://kasumigaseki-my.com/

Kasumigaseki Capital Launches Logistics Business in Malaysia, Commencing First Project

Kasumigaseki Capital — Mon, 08 Sep 2025 15:00:00 +0900

TOKYO, Sept.8, 2025 /Kyodo JBN/ --
Kasumigaseki Capital Co., Ltd.
Kasumigaseki Capital Co., Ltd. (hereinafter "KC"), headquartered in Tokyo’s Chiyoda City, announced on September 5 that it has established a Malaysian subsidiary, KASUMIGASEKI CAPITAL (MALAYSIA) SDN. BHD. (hereinafter "KC (MALAYSIA)"), based in Kuala Lumpur, and commenced logistics business in Malaysia as its first foray into the ASEAN region by utilizing KC’s expertise on frozen and chilled warehouses as well as on the development of automated frozen warehouses. An overview of the initiative is described below.

In addition, as its first project in Malaysia, KC has executed a sale and purchase agreement for the acquisition of a plot with a major Malaysian developer that is wholly owned by a local company listed on the Main Board of Bursa Malaysia (Malaysian Bourse) and commenced a project to develop an automated frozen warehouse.

1. Background for launching business in Malaysia
Malaysia’s population and economy continue to grow, and the country has established its position as a logistics base in Southeast Asia. Malaysia enjoys a geographically favorable location, functioning as a significant hub connecting the ASEAN countries. The Malaysian government is also pursuing the development of logistics infrastructure. International logistics demand is expected to expand in the future. In addition, e-commerce is expected to grow due to income increases accompanying economic growth while exports are likely to increase in the wake of swelling demand for halal products in developing economies in Asia, the Middle East, Africa and other regions. Against that background, KC considers Malaysia to be an extremely promising market for developing the logistics sector.

KC launched logistics services in June 2020 in response to the need for capital investment in frozen and chilled warehouses ahead of the CFC regulation from 2030, expanding demand for such warehouses amid increasing consumption of frozen foods, labor shortages in the logistics industry caused by the 2024 logistics issue stemming from the shortage of truck drivers, workforce aging and other factors, and the severe working environment in the frozen temperature zone. KC has mainly promoted the development of frozen and chilled warehouses as well as accelerating the development of automated frozen warehouses, which integrate the element of automation into cold storage, as one of the methods to realize new logistics solutions.

In anticipation of a tight supply and demand balance of frozen and chilled warehouses in the Malaysian logistics market, which is expected to expand in the future, KC has decided to launch business in Malaysia as its first step into the ASEAN market with the intention to grasp further business opportunities based on KC’s business development policy of operating in areas "which combine growth potential and social significance." By leveraging the expertise on frozen and chilled warehouses and automated frozen warehouses accumulated in the course of promoting logistics services in Japan, KC will aim to achieve its further growth, expanding the logistics business in Malaysia by capitalizing on market growth there while keeping in view expansion into other ASEAN countries.

2. Project overview
(1) Project name: Setia Alaman
(2) Asset type: Automated frozen warehouse
(3) Location: Plot 25, Setia Alaman, 41050 Klang, Selangor
(4) Access: Approx. 37km from city center of Kuala Lumpur (approx. 40-min. drive)
Close to the "Bandar Bukit Raja" IC on the New Klang Valley Expressway
(5) Site area: 12,262m2
(6) Total floor area: 11,453m2
(7) Construction start: October 2026 (planned)
(8) Construction completion: December 2028 (planned)

Completion image: https://cdn.kyodonewsprwire.jp/prwfile/release/M108820/202509024448/_prw_PI2fl_u22O12wO.jpg
* This is for illustrative purposes only and may differ from the actual building.

3. About KC’s subsidiary KASUMIGASEKI CAPITAL (MALAYSIA)
(1) Company name: KASUMIGASEKI CAPITAL (MALAYSIA) SDN. BHD.
(2) Location: Sky Zone 1, Exchange 106, Lingkaran TRX, 55188, Tun Razak Exchange (TRX), Kuala Lumpur, Malaysia

Comment from directors

Ryo Sugimoto (Director and Executive Chairman)
This is the first overseas logistics business for KC and it means a turning point for our business. We are taking on a challenge in ASEAN’s logistics market, starting from Malaysia, by fully leveraging our expertise on frozen and chilled warehouses and automated frozen warehouses in Japan. With the development of a new model of logistics infrastructure from Malaysia, we will aim to bring innovation to our global supply chain.

Toshihiro Ohkuma (Managing Director)
Malaysia continues to grow with diversity of human resources and geographically favorable location, and it is great to start KC’s first overseas logistics business from this country. We will build a new logistics infrastructure system while working closely with the local community. From there, we hope to develop a supply chain that extends to the world and achieve sustainable growth together.

4. Future outlook
KC believes that the impact of this matter on its performance for the fiscal year ending August 2026 will be minimal, but considers that it will contribute to enhancing its performance and corporate value in the future.

* This is an abridged translation of the original Japanese document and is provided for informational purposes only. If there are any discrepancies between this and the original, the original Japanese document shall prevail.