JK Holdings Co., Ltd. entered into an agreement to acquire Saneisha Co., Ltd.
February 31, 2022
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JK Holdings Co., Ltd. (TSE:9896) entered into an agreement to acquire Saneisha Co., Ltd. on January 17, 2022. Under the terms, JK Holdings Co., Ltd. will acquire 600 shares of Saneisha Co., Ltd. representing 100% stake. For the year ending September 2021 , Saneisha Co.
had net assets of ¥215 million, Total assets of ¥ 807 million, Sales of ¥1,185 million, Operating profit of ¥1 million and Net income of ¥4 million. Transaction is expected to close on March 31, 2022.
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. 
