Higashimaru Co.,Ltd. acquired Mukai Chimmido, K.K. from Toshihiko Nakao, Hitomi Nakao and 9 other individuals for ¥500 million.
July 31, 2013 at 05:00 am
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Higashimaru Co.,Ltd. (FKSE:2058) agreed to acquire Mukai Chimmido, K.K. from Toshihiko Nakao, Hitomi Nakao and 9 other individuals for ¥500 million in cash on July 31, 2013. Higashimaru will acquire 0.02 million shares. The acquisition will be funded from cash on hand and loans from financial institutions. Mukai Chimmido reported net assets of ¥1.04 billion, total assets of ¥1.32 billion, revenues of ¥886.24 million, operating profit of ¥51.84 million and net profit of ¥5.09 million for the year ended March 31, 2013. The Board of Directors of Higashimaru resolved to undertake the transaction on July 31, 2013.
Higashimaru Co.,Ltd. (FKSE:2058) completed the acquisition of Mukai Chimmido, K.K. from Toshihiko Nakao, Hitomi Nakao and 9 other individuals on July 31, 2013.
HIGASHIMARU CO., LTD. is principally engaged in the manufacture and sale of formulated feeds for fish breeding. The Company operates in two business segments. The Seafood segment is engaged in the manufacture and sale of formulated feeds for fish culturing, fishery initial feed and combined feed for fish fishes, among others. The Food segment is involved in the manufacture and sale of dry noodles, instant noodles, bowl udon (Japanese wheat noodle) and sauces for noodles, as well as curry, jams and seasonings, among others.
HIGASHIMARU CO.,LTD. 
