Misumi Co., Ltd. agreed to acquire Ishii Shoten Co., Ltd.
May 11, 2022
Share
Misumi Co., Ltd. (FKSE:7441) agreed to acquire Ishii Shoten Co., Ltd. on May 12, 2022. Misumi Co., Ltd. will acquire 200 shares of Ishii Shoten Co., Ltd. in the deal. Post-completion, Ishii Shoten Co., Ltd. will become subsidiary of Misumi Co., Ltd. The Board of Misumi Co., Ltd. has resolved the deal on May 12, 2022. The contract is expected to conclude in mid-May 2022. The deal is expected to close in late May 2022. The acquisition of shares will have a minor impact on the consolidated business results of Misumi Co., Ltd.
MISUMI CO., LTD. is a Japan-based company engaged in the energy business, lifestyle business, food and beverage business. The Company has three business segments. The Energy segment is engaged in the wholesale and retail of petroleum related products such as gasoline, diesel oil, heating oil, heavy oil and lube oil, liquefied petroleum (LP) gas products and equipment, the distribution and filling of LP gas, as well as the construction and inspection of high pressure gas equipment. The Lifestyle segment is engaged in the sale of books, television games, computers and mobile phones, the rental of digital versatile discs (DVDs) and compact discs (CDs), the sale, maintenance and inspection of automobiles, the operation of commercial facilities, as well as the sale of houses and automobile tires. The Food and Beverage segment is engaged in the sale of Kentucky Fried Chicken and other products. The Company is also engaged in the advertising agency and golf courses operation business.
MISUMI CO., LTD. 
