J Kawamoto Co., Ltd. and Kawamoto CMK Co., Ltd. cancelled the acquisition of an additional 8.73% stake in Fukoku Co.,Ltd..
November 08, 2016
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J Kawamoto Co., Ltd. and Kawamoto CMK Co., Ltd. agreed to acquire an additional 8.73% stake in Fukoku Co.,Ltd. (TSE:5185) on November 9, 2015. J Kawamoto Co., Ltd. and Kawamoto CMK Co., Ltd. will acquire 0.91 million shares and 0.55 million shares of Fukoku Co.,Ltd. respectively. On completion, J Kawamoto Co., Ltd. and Kawamoto CMK Co., Ltd. will increase their stake to 2.53 million shares and 2.17 million shares respectively. The transaction is expected to complete on November 10, 2015.
J Kawamoto Co., Ltd. and Kawamoto CMK Co., Ltd. cancelled the acquisition of an additional 8.73% stake in Fukoku Co.,Ltd. (TSE:5185) on November 9, 2016.
Fukoku Co., Ltd. operates in five business segments, including Functional Products, Anti-vibration, Medal Processing, Hoses and New business. The Functional Products segment manufactures and sells seal components and wiper blade rubber products. The Anti-vibration segment manufactures and sells dampers and mounts. The Medal Processing segment is engaged in the manufacture and sale of medal components for truck and construction machinery use. The Hoses segment is involved in the manufacture and sale of rubber products, such as hoses. The New segment manufactures and sells office automation, medical care, motors and urethane products.
FUKOKU CO.,LTD. 
