Totetsu Kogyo Co., Ltd. acquired 64.88% stake in Kowa Kasei Co., Ltd. from Kyokuto Kogen Concrete Shinko Co., Ltd. for approximately ¥1 billion.
March 25, 2013 at 04:00 am
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Totetsu Kogyo Co., Ltd. (TSE:1835) agreed to acquire 64.88% stake in Kowa Kasei Co., Ltd. from Kyokuto Kogen Concrete Shinko Co., Ltd. for approximately ¥1 billion on February 8, 2013. Totetsu Kogyo Co., Ltd. entered into an agreement to acquire 64.88% stake in Kowa Kasei Co., Ltd. from Kyokuto Kogen Concrete Shinko Co., Ltd. for approximately ¥1 billion on March 21, 2013. Totetsu Kogyo will acquire 64,880 shares of Kowa Kasei. Kowa Kasei reported net assets of ¥1.8 billion, total assets of ¥5 billion, sales of ¥5.5 billion, operating profit of ¥366 million and net income of ¥90 million for the period ended March 2012. The Board of Directors of Totetsu Kogyo resolved the transaction on February 8, 2013.
Totetsu Kogyo Co., Ltd. (TSE:1835) completed the acquisition of 64.88% stake in Kowa Kasei Co., Ltd. from Kyokuto Kogen Concrete Shinko Co., Ltd. on March 25, 2013.
TOTETSU KOGYO CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company operates through two business segments. The Civil Engineering segment is engaged in the plan, design, construction, supervision and other businesses related to general civil engineering work. The Construction segment is engaged in the plan, design, construction, supervision and other businesses related to general construction work. The Company is also engaged in the leasing business of commercial buildings, the environmental business, including the power generation business, the greening business, and the crushed stone recycling business, as well as the production, inspection and maintenance business of track maintenance machines, the manufacture and sale of railway-related products, and the railway-related consulting business.
TOTETSU KOGYO CO., LTD. 
