Mitsui Matsushima Holdings Co., Ltd. agreed to acquire 50.1% stake in Japan Chain Holdings, Inc. from Rising Japan Equity II, LP, managed by Rising Japan Equity Inc. for ¥4.3 billion.
November 09, 2023
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Mitsui Matsushima Holdings Co., Ltd. (TSE:1518) agreed to acquire 50.1% stake in Japan Chain Holdings, Inc. from Rising Japan Equity II, LP, managed by Rising Japan Equity Inc. for ¥4.3 billion on November 10, 2023. As of Fiscal year ending March 31, 2023, Japan Chain Holdings, Inc. reported net assets of ¥6 billion, total assets of ¥14.1 billion, sales of ¥15.2 billion, operating income of ¥2 billion, and net income of ¥1.5 billion. The consideration amount will be covered by cash on hand of Mitsui Matsushima.
The deal is expected to be completed on December 8, 2023.
Mitsui Matsushima Holdings Co Ltd, formerly Mitsui Matsushima Co Ltd is primarily engaged in production, purchase and sales of coal business. The Company also engaged in the manufacture and sale of office equipment, mask blanks for various applications centered on liquid crystal panels, organic electroluminescence (EL), electronic components and others, manufacture and sale of straws, purchase and sale of packaging materials, as well as planning, production and sale of men's clothes, women's clothes and shirts. The Company has two business segments. The Energy segment is engaged in coal sales, coal production and renewable energy business. The Daily Lifestyle segment is engaged in provision of office supplies, electronic components, food and drink materials, clothing products, and care business. The others engage in rental business, ports business, propane gas supply business, as well as overseas dispatch training course business.
Mitsui Matsushima Holdings Co., Ltd. agreed to acquire 50.1% stake in Japan Chain Holdings, Inc. from Rising Japan Equity II, LP, managed by Rising Japan Equity Inc. for ¥4.3 billion.
MITSUI MATSUSHIMA HOLDINGS CO., LTD. 
