JK Holdings Co., Ltd. entered into an agreement to acquire Harako-Toyo Jyuki Co., Ltd. from Takaki Harada and 2 others.
September 19, 2021
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JK Holdings Co., Ltd. (TSE:9896) entered into an agreement to acquire Harako-Toyo Jyuki Co., Ltd. from Takaki Harada and 2 others on September 15, 2021. Under the terms, JK Holdings will acquire all 80,000 shares in Harako-Toyo. Takaki Harada will sell its 70.6%. For the year ending March 2021, Harako-Toyo had net assets of ¥764 million, Total assets of ¥1.6 billion, Sales of 2.3 billion, Operating profit of ¥41 million and Net income of ¥19 million. Transaction is expected to close on September 30, 2021. Effect of acquisition will be minor on future consolidated earnings of JK Holdings.
JK Holdings Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of plywood, the processing and sale of wood, and the wholesale and retail of plywood, plywood secondary products, building materials and housing equipment. The Company has three business segments. The General Building Material Wholesale segment is mainly engaged in the wholesale of plywood, plywood secondary products, building materials and housing equipment. The Plywood Manufacturing and Wood Processing segment is mainly engaged in the manufacture and sale of structural plywood, long plywood, laminated wood and assembled processed products, and the processing and sale of wood. The General Building Material Retail segment is mainly engaged in the retail of plywood, plywood secondary products, building materials and housing equipment. The Company is also engaged in the franchise, real estate leasing, warehouse, transportation, construction and travel business, and the insurance agency business.
JK HOLDINGS CO., LTD. 
