Higashimaru Co.,Ltd. cancelled the acquisition of Nakashima co. Ltd. from Tsutomu Nakashima, Sachiko Nakashima and 3 others individuals.
July 24, 2017
Share
Higashimaru Co.,Ltd. (FKSE:2058) agreed to acquire Nakashima co. Ltd. from Tsutomu Nakashima, Sachiko Nakashima and 3 others individuals on July 25, 2016. A share transfer contract is expected to be signed by July 27, 2016. Tsutomu Nakashima will sell 76.07% stake in Nakashima. Higashimaru will acquire 532 shares of Nakashima. On completion, Nakashima will become a subsidiary of Higashimaru. Nakashima reported net assets of ¥197.64 million, total assets of ¥323.76 million, sales of ¥556.89 million, operating profit of ¥59.05 million and net income of ¥39.97 million as of September 30, 2015. The deal was resolved by the Board of Directors of Higashimaru on July 25, 2016. The deal is expected to be completed by July 27, 2016.
Higashimaru Co.,Ltd. (FKSE:2058) cancelled the acquisition of Nakashima co. Ltd. from Tsutomu Nakashima, Sachiko Nakashima and 3 others individuals on July 25, 2017.
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. 
