Kuribayashi Steamship Co., Ltd. agreed to acquire Kitachi Seiki K.K. from 12 individuals for ¥750 million.
July 19, 2021
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Kuribayashi Steamship Co., Ltd. (TSE:9171) agreed to acquire Kitachi Seiki K.K. from 12 individuals for ¥750 million on July 20, 2021. As of April 30, 2021, Kitachi Seiki had total assets of ¥1.4 billion and net assets of ¥821 million. For the year ended April 30, 2021, Kitachi Seiki generated revenue ¥2.1 billion and net income ¥34 million. Transaction is expected to complete on July 20, 2021.
Kuribayashi Steamship Co Ltd is a Japan-based company mainly provides integrated sea-land integrated transport services based primarily on the domestic shipping network. The Company operates through three business segments. The Shipping segment mainly operates in four fields. The domestic shipping business is mainly engaged in domestic shipping, domestic shipping leasing in Japan. The ocean shipping business is involved in ocean liner services, seashore irregular liner transportation and ocean carrier leasing in Southeast Asia. The port transport business is mainly engaged in port transport, port cargo handling, port transport related businesses and use transport in Japan. The ship goods sales business provides fuel oil for ships and marine supplies. The Hotel segment is involved in resort hotel business in Hokkaido. The Real Estate business is involved in the rental and management of real estate. The Company also provides fruit and vegetable wholesale business.
KURIBAYASHI STEAMSHIP CO., LTD. 
