Daiei Kankyo Co., Ltd. agreed to acquire Eiwa Recycle Co., Ltd. from Toraichi Kaneshiro.
January 23, 2024
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Daiei Kankyo Co., Ltd. (TSE:9336) agreed to acquire Eiwa Recycle Co., Ltd. from Toraichi Kaneshiro on January 24, 2024. As part of acquisition, 600 shares will be acquired. For period ended September 2023, Eiwa Recycle reported net assets of ¥1.5 billion, total assets of ¥2.4 billion, sales of ¥3.3 billon, operating income of ¥428 million and net income of ¥286 million.
The transaction is expected to complete on April 1, 2024.
Daiei Kankyo Co Ltd is a Japan-based company mainly engaged in environment-related businesses centered on waste treatment and resource recycling. The environment-related segment is engaged in the provision of one-stop services for waste collection, transportation, intermediate treatment, recycling, and final disposal, as well as total solutions for contaminated soil, from investigation to remediation. The environment-related business is divided into seven categories: waste treatment and resource recycling, soil remediation, energy creation, forest conservation, facility construction and operation management, consulting, and others. The Company also operates a valuable resources recycling business consisting of aluminum pellets and recycled plastic pallets.
DAIEI KANKYO CO., LTD. 
