Daiki Aluminium Industry Co., Ltd. (TSE:5702) concluded a contract to acquire Tokyo Aluminum Center Co., Ltd from an individual shareholder on August 25, 2015. Daiki Aluminium Industry will acquire 0.02 million shares of Tokyo Aluminum Center. After the transaction, Tokyo Aluminum Center Co., Ltd. will operate as a subsidiary of Daiki Aluminium Industry Co., Ltd. Tokyo Aluminum Center Co., Ltd reported net assets of ¥251 million, total assets of ¥1.92 billion, sales of ¥5.76 billion, operating profit of ¥35 million and net income of ¥17 million during the year ending September 2014. The Board of Daiki Aluminium Industry Co., Ltd passed a resolution for the transaction on August 25, 2015. The transaction is expected to complete on September 30, 2015.

Daiki Aluminium Industry Co., Ltd. (TSE:5702) completed the acquisition of Tokyo Aluminum Center Co., Ltd from an individual shareholder on September 30, 2015.