Hatsuho Shouji Co.,Ltd. signed a basic agreement to acquire 25.2% stake in AISIN Co., Ltd. from Yoshihiro Shindo, 1 relative of Yoshihiro Shindo and 2 individuals for approximately ¥450 million.
March 29, 2017
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Hatsuho Shouji Co.,Ltd. (JASDAQ:7425) signed a basic agreement to acquire 25.2% stake in ISHIN K.K. from Yoshihiro Shindo, 1 relative of Yoshihiro Shindo and 2 individuals for approximately ¥450 million on March 30, 2017. The parties involved in the transaction signed the share transfer agreement on June 13, 2017. Under the terms of the transaction, Hatsuho Shouji will acquire 0.04 million shares. For the year ended March 31, 2016, ISHIN K.K. reported net assets of ¥1.56 billion, total assets of ¥5.85 billion, sales of ¥11.22 billion, operating profit of ¥370 million and net income of ¥298 million. The deal was resolved by the Board of Directors of Hatsuho Shouji on March 30, 2017. The deal is expected to close in June 30, 2017. Hatsuho Shouji Co.,Ltd. will pay an advisory cost of ¥15 million for the transaction.
HATSUHO SHOUJI CO., LTD. is a Japan-based company mainly engaged in the sale of secondary steel products, the renovation business and the transportation business. The secondary steel product sales business is engaged in the sale of lightweight steel base sheets, architectural hardware, exterior products, iron wires, welded wire meshes, secondary metal parts for autoclaved lightweight concrete (ALC), color iron sheets and lightweight ceramics hardware construction materials. The construction business is engaged in construction works including new construction, extension and reconstruction, as well as renovation works. The transportation business is engaged in the delivery of the Company's products.
Hatsuho Shouji Co.,Ltd. signed a basic agreement to acquire 25.2% stake in AISIN Co., Ltd. from Yoshihiro Shindo, 1 relative of Yoshihiro Shindo and 2 individuals for approximately ¥450 million.
HATSUHO SHOUJI CO.,LTD. 
