Ozu Corporation cancelled the acquisition of Dipro Co., Ltd from Fukuyo, Co., Ltd., OK Co., Ltd., Shinichi Takeda, Masato Fukuda, Yukio Fujita, and Hirotaka Kaneko.
May 13, 2014 at 05:00 am
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Ozu Corporation (TSE:7487) entered into share transfer contract to acquire Dipro Co., Ltd from Fukuyo, Co., Ltd., OK Co., Ltd., Shinichi Takeda, Masato Fukuda, Yukio Fujita, and Hirotaka Kaneko on May 13, 2013. Ozu Corporation will acquire 1,440 shares. Fukuyo Co., Ltd. will sell 57.64% stake, OK Co., Ltd. will sell 21.53% stake, and Shinichi Takeda will sell 10. 42% stake in Dipro. Ozu will operate Dipro Co. as its subsidiary. For the year ended March 2012, Dipro had net assets of ¥646 million, total assets of ¥1.03 billion, sales of ¥3.27 billion, operating loss of ¥13 million, current loss of ¥5 million and net loss of ¥25 million. Board of Directors of Ozu Corporation passed a resolution for the transaction on May 13, 2013. The transaction is expected to close on May 17, 2013.
Ozu Corporation (TSE:7487) cancelled the acquisition of Dipro Co., Ltd from Fukuyo, Co., Ltd., OK Co., Ltd., Shinichi Takeda, Masato Fukuda, Yukio Fujita, and Hirotaka Kaneko on May 13, 2014.
OZU CORPORATION is a Japan-based company mainly engaged in the processing and sale of nonwoven fabric products, as well as the purchase and sale of household paper products. The Company operates in two business segment. The Nonwoven Fabric Products segment is engaged in the processing, sale, import and export of nonwoven products such as cotton swabs, masks, gauzes, towels, wet tissues, makeup cottons and makeup face masks for electronics, industrial materials, medicals and cosmetics, as well as the manufacture and sale of agricultural equipment and materials. The Household Paper and Daily Sundries segment is engaged in the wholesale, planning and sale of household paper products and daily sundries for drugstores, supermarkets, home centers and building management companies. The Company is also engaged in the leasing of real estate, as well as the sale, brokerage, import and export of peracetic acid preparations.
Ozu Corporation cancelled the acquisition of Dipro Co., Ltd from Fukuyo, Co., Ltd., OK Co., Ltd., Shinichi Takeda, Masato Fukuda, Yukio Fujita, and Hirotaka Kaneko.
OZU CORPORATION 
