Nichimo Co., Ltd. cancelled the acquisition of Marukyu K.K from Kenichi Ito and 4 other individual shareholders.
June 15, 2018
Share
Nichimo Co., Ltd. (TSE:8091) agreed to acquire Marukyu K.K from Kenichi Ito and 4 other individual shareholders on June 16, 2017. Nichimo Co., Ltd. will acquire 600 shares of Marukyu. Kenichi Ito will sell 77.3% stake and others shareholders will sell 22.7% stake in Marukyu. Marukyu K.K reported net assets of ¥256 million, total assets of ¥1.8 billion, sales of ¥2.2 billion, operating profit of ¥96 million and net income of ¥54 million for the year ended July 31, 2016. The transaction is resolved by the Board of Nichimo. The contract will be concluded on July 18, 2017 and the transaction is expected to close on August 1, 2017.
Nichimo Co., Ltd. (TSE:8091) cancelled the acquisition of Marukyu K.K from Kenichi Ito and 4 other individual shareholders on June 16, 2018.
NICHIMO CO., LTD. is engaged in the food, marine, machinery, material, biotics, logistics and other businesses. The Company operates in six segments. The Food segment processes and sells frozen fish, fish eggs and fish paste. The Ocean segment is engaged in the manufacture and sale of nets, ropes, the repair of fishing equipment, as well as the sale of ship equipment and materials for fishing and sea farming. The Machinery segment is engaged in the manufacture and sale of food processing machines. The Material segment sells synthetic resin, packaging materials and agricultural materials. The Biotics segment manufactures and sells fermented soybean products, as well as sells health food products. The Logistics segment provides logistics and transportation services. Company is also involved in the provision of the sale of petrochemical products, the manpower dispatching business and real estate business.