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Palma surges in afternoon trading on deeper business alliance with Japan Post

Mon Apr 27, 2026 2:39 pm JST Catalyst

PALMA <3461> shares surged in afternoon trading. The company announced around 2 p.m. that it reached an agreement with Japan Post, a unit of JAPAN POST HOLDINGS <6178>, to develop a self-storage business using post office facilities, drawing buy orders on the news.

PALMA has been working to repurpose idle space in post offices for self-storage since forming a capital alliance with Japan Post Capital in 2018, and this agreement deepens that collaboration. Under the deal, PALMA will provide integrated services including facility launch support, rent guarantees, payment collection, and business process outsourcing (BPO) to ensure stable operations and maximize revenue for Japan Post. Specifically, the two companies will support the opening of new facilities at the Shiraoka Post Office in Saitama and the Chojabaru Post Office in Fukuoka.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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