Sanyo Trading Co., Ltd. entered into a share transfer agreement to acquire NKS Corporation.
March 09, 2020
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Sanyo Trading Co., Ltd. (TSE:3176) entered into a share transfer agreement to acquire NKS Corporation on March 10, 2020. Under the terms, Sanyo will acquire all the 200 shares in NKS Corporation. For FY 2019, NKS Corporation had total assets worth ¥245 million, net assets worth ¥41 million and sales of ¥518 million. The transaction is expected to close on March 19, 2020. The acquisition of the shares will have a minor effect on the consolidated business results for the current term.
Sanyo Trading Co., Ltd. is engaged in the trading of rubber, chemicals, machinery equipment, scientific equipment and automobile parts. The Company operates in four segments. The Chemical segment offers synthetic rubber, auxiliary materials for rubber, natural rubber, medical-related materials, plasticizer, resin tube, reclaimed rubber, adhesives, synthetic resins, ink, industrial gases, pesticides, ceramics, various films, pigment, pharmaceutical intermediates, perfumes and surfactants, among others. The Machinery and Equipment segment offers environment-related equipment, test equipment, measuring equipment, industrial instrumentation, thermal processing equipment and others. The Overseas Subsidiary segment offers synthetic rubber, natural rubber, medical-related materials and various films, among others. The Domestic Subsidiary segment offers industrial drugs, oil drilling devices and others. The Domestic Subsidiary segment provides oil, natural gas and geothermal drilling products.
SANYO TRADING CO., LTD. 
