AINAVO HOLDINGS Co.,Ltd. entered into a contract to acquire Chuo Ceramics Co., Ltd. from Takehiro Takatori.
September 16, 2020
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AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) entered into a contract to acquire Chuo Ceramics Co., Ltd. from Takehiro Takatori on September 17, 2020. Under the terms, AINAVO HOLDINGS will acquire 12,500 shares. After the acquisition, Chuo Ceramics operates as subsidiary of AINAVO HOLDINGS. The financials of Chuo Ceramics for the financial year ended March 31, 2020, are total assets of ¥230.1 million, net assets of ¥180.88 million, revenues of ¥449.57 million and operating income of ¥24.62 million. The transaction is expected to close on October 1, 2020.
AINAVO HOLDINGS Co., Ltd., is a Japan-based company involved in the large-sized property business and the detached house business. The Company operates in two business segments. The Detached House segment is engaged in the sale and construction of various tile products such as interior and exterior tiles, floor tiles, exteriors and other related products, and housing related products such as bathtubs, water heaters, system kitchens, sanitary equipment, solar power generation systems and other products. The Large-sized Property segment is engaged in the interior tile, exterior tile and floor tile construction works, the housing equipment construction works such as unit baths, system kitchens, bathtubs and others, the large ceramic tile works made of stones and dry methods, and the air conditioning and sanitary equipment works.
AINAVO HOLDINGS CO.,LTD. 
