Mitsumura Printing Co., Ltd. signed a transfer agreement to acquire Niimura Printing Co., Ltd. from Akiyoshi Niihima, Shigeharu Niimura and 3 other individual shareholders for ¥1.6 billion.
September 09, 2018
Share
Mitsumura Printing Co., Ltd. (TSE:7916) signed a transfer agreement to acquire Niimura Printing Co., Ltd. from Akiyoshi Niihima, Shigeharu Niimura and 3 other individual shareholders for ¥1.6 billion on September 10, 2018. A total of 1.86 million shares will be acquired as part of the deal. Upon completion of the acquisition, Niimura Printing Co., Ltd. will operate as a wholly owned subsidiary of Mitsumura Printing Co., Ltd.
Niimura Printing Co., Ltd. reported net assets of ¥2.38 billion, total assets of ¥3.2 billion, sales of ¥3 billion, operating loss of ¥184 million and net profit of ¥1.19 billion as of March 31, 2018. Board of Mitsumura Printing Co., Ltd. (TSE:7916) resolved in favor of the deal on the same date. Deal is expected to close by October 1, 2018.
MITSUMURA PRINTING CO., LTD. is a Japan-based company principally engaged in printing business, electronic component manufacture business and real estate leasing business. The Company operates in three business segments. Printing segment conducts general printing and newspaper printing. The Segmentâs main products include publications, promotional prints, commercial prints, slips, securities, continuous slips, packaging, cards, newspapers, shopping bags, as well as video productions, among others. Electronic Component Manufacture segment mainly manufactures and sells flat panel display products and etching precision products. Real Estate Leasing segment is engaged in the leasing of office buildings and warehouse ruins, as well as the solar power generation business.
Mitsumura Printing Co., Ltd. signed a transfer agreement to acquire Niimura Printing Co., Ltd. from Akiyoshi Niihima, Shigeharu Niimura and 3 other individual shareholders for ¥1.6 billion.
MITSUMURA PRINTING CO., LTD. 
