Shinko Shoji Co., Ltd. (TSE:8141) agreed to acquire Shimizu Syntec Corporation from NEC Corporation (TSE:6701) for ¥5.2 billion on May 30, 2025. As part of consideration, ¥5.18 billion is paid towards common equity of Shimizu Syntec Corporation.
For the period ending March 31, 2025, Shimizu Syntec Corporation reported total revenue of ¥9.91 billion, EBIT of ¥579 million and net income of ¥393 million. As of March 31, 2025, Shimizu Syntec Corporation reported total assets of ¥8.31 billion and total common equity of ¥3.77 billion.
The expected completion of the transaction is June 30, 2025.
Shinko Shoji Co., Ltd. is principally engaged in the sale, import and export of electronic components and assembly products. The Company operates in three business segments. The Electronic Components segment offers integrated circuits, semiconductor devices, circuit components, liquid crystal displays (LCDs), and other electronic components. The main products include microcomputers, system large-scale integrated circuits, memories, semiconductors, capacitors, ferrite cores, color LCDs and general electronic components. The Assembly segment offers assembly products. The Others segment is engaged in the sale of electronic equipment and contract development of microcomputer software. The main products include workstation server and computer peripherals.
