Daiei Kankyo Co., Ltd. (TSE:9336) acquired 35% stake in Asahi Koseki K.K. on March 31, 2023. Following the transaction, Motoharu Urushibara owns 950 shares/47.5%, Daiei Kankyo owns 700 shares/35%, and Rumiko Urushibara owns 350 shares/17.5% in in Asahi Koseki. Following the transaction, Asahi Koseki will be equity-method affiliate of Daiei Kankyo. Asahi Koseki has net sales ¥1,266 million.
Daiei Kankyo Co., Ltd. (TSE:9336) completed the acquisition of 35% stake in Asahi Koseki K.K. on March 31, 2023.
Daiei Kankyo Co Ltd is a Japan-based company mainly engaged in environment-related businesses centered on waste treatment and resource recycling. The environment-related segment is engaged in the provision of one-stop services for waste collection, transportation, intermediate treatment, recycling, and final disposal, as well as total solutions for contaminated soil, from investigation to remediation. The environment-related business is divided into seven categories: waste treatment and resource recycling, soil remediation, energy creation, forest conservation, facility construction and operation management, consulting, and others. The Company also operates a valuable resources recycling business consisting of aluminum pellets and recycled plastic pallets.