Carlit Holdings Co., Ltd. agreed to acquire Sankyo Jitsugyo K.K. from an individual for approximately ¥350 million.
January 24, 2016
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Carlit Holdings Co., Ltd. (TSE:4275) agreed to acquire Sankyo Jitsugyo K.K. from an individual for approximately ¥350 million on January 25, 2016. A contract is expected to be concluded on January 25, 2016. Carlit Holdings Co., Ltd will acquire 600 shares of Sankyo Jitsugyo K.K. After the transaction, Sankyo Jitsugyo K.K. will operate as a subsidiary of Carlit Holdings Co., Ltd. Sankyo Jitsugyo K.K. reported total assets of ¥1.3 billion, net assets of ¥136 million, operating revenues of ¥4.98 billion, operating profit of ¥29 million and net profit of ¥14 million during the year ending June 30, 2015.
The executive-level changes in management will be decided in Sankyo Jitsugyo K.K.'s extraordinary shareholders' meeting and Board of Directors' meeting on February 2, 2016. Akira Nakayama will be appointed as Representative Director by Carlit Holdings, current Representative Director and President of Sankyo Jitsugyo, Seiichi Okada will be the Director and President of Sankyo Jitsugyo. Masayasu Konishi will be appointed as Director by Carlit Holdings and Eiji Roppongi will be appointed as auditor by Carlit Holdings. The Board of Carlit Holdings passed a resolution for the transaction on January 25, 2016. The transaction is expected to be completed on February 2, 2016.
Carlit Holdings Co Ltd is a Japan-based company mainly engaged in the chemicals, bottling, industrial materials, and engineering services business. It operates through four business segments. The Chemicals segment is engaged in the manufacture and sale of industrial explosives, emergency safety flame tubes for automobiles, materials for fireworks, sodium chlorate, ammonium perchlorate, sodium chlorite, pesticides, electrodes, perchloric acid, and synthetic resin raw materials, organic conductive materials, and ionic conductive materials and abrasives, as well as the provision of hazard evaluation and battery tests. The Bottling segment handles the bottling processing and sales of soft drinks. The Industrial Component segment manufactures and sells silicon wafers for semiconductors, various heat-resistant refractories, and springs. The Engineering Services segment sells and paints industrial paints, and designs and supervises water and sewage and wastewater treatment facilities.
CARLIT HOLDINGS CO., LTD. 
