Takamisawa Co., Ltd. agreed to acquire 66.6% in JONEN Corp from Showa Shell Sekiyu K.K. for ¥1 billion.
February 05, 2017
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Takamisawa Co., Ltd. (JASDAQ:5283) agreed to acquire 66.6% in JONEN Corp from Showa Shell Sekiyu K.K. (TSE:5002) for ¥1 billion on February 6, 2017. Takamisawa Co., Ltd. entered into contract to acquire 66.6% in JONEN Corp from Showa Shell Sekiyu K.K. on March 24, 2017. Under the transaction, Takamisawa Co., Ltd. will acquire 0.01 million shares. During the period ended September 2016, JONEN Corp reported revenues of ¥8.3 billion, net assets of ¥1.1 billion, total assets of ¥1.8 billion, operating profit of ¥62 million and net income of ¥43 million. The transaction is expected to close on April 3, 2017.
TAKAMISAWA CO., LTD. is a manufacturing company. The Construction-related segment manufactures and sells concrete secondary products, ready-mixed concrete, gravel and sand, sells cement and other construction materials, operates civil engineering contract, construction work and cargo trucking businesses. The Electrical Materials segment sells electrical materials, industrial machinery and air conditioning systems. The Car Life-related segment is engaged in the sale of petroleum products, the sale, maintenance and rental of automobiles, the agency of non-life insurance. The Housing and Life-related segment is involved in the trade, brokerage and management of real estate, the treatment of general and industrial waste, the sale of fruits, vegetables and fertilizers, the manufacture and sale of processed foods, golf supplies, agricultural machinery, mineral water and confectionery, the operation of golf courses and cable network television station, the processing of cheese, and others.
TAKAMISAWA CO., LTD. 
