Araya Industrial Co., Ltd. resolved to acquire additional 15% stake in Araya Special Metal Co., Ltd.
February 21, 2021
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Araya Industrial Co., Ltd. (TSE:7305) resolved to acquire additional 15% stake in Araya Special Metal Co., Ltd. on February 22, 2021. Under the terms Araya Industrial Co., Ltd. will acquire 0.09 million shares. Pre acquisition Araya Special Metal Co., Ltd holds 85% stake and Post acquisition Araya Industrial Co., Ltd. will hold 100% stake in Araya Special Metal Co., Ltd. Transaction is expected to complete in March 3, 2021.
ARAYA INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in steel pipe-related business, bicycle-related business, and real estate rental business. The Company operates through three business segments. The Steel Pipe-related business is engaged in the manufacture and sale of ordinary steel pipes, stainless steel pipes, various types of steel, precision processed products, and other products. It is also engaged in the manufacture and sale of agricultural houses, facility materials and agricultural foils. The Bicycle business is engaged in the manufacture and sale of bicycle rims and import and sale of completed bicycles. The Real Estate Rental business is engaged in the leasing of real estate such as land, buildings and warehouses. It is also engaged in the manufacture and sale of mechanical parts and welfare equipment, and non-life insurance agency.
ARAYA INDUSTRIAL CO., LTD. 
