DAIHEN Corporation completed the acquisition of 70% stake in Tohoku Electric Manufacturing Co.,Ltd. from Tohoku Electric Power Company, Incorporated and Hitachi, Ltd..
October 01, 2023
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DAIHEN Corporation (TSE:6622) agreed to acquire 70% stake in Tohoku Electric Manufacturing Co.,Ltd. from Tohoku Electric Power Company, Incorporated (TSE:9506) and Hitachi, Ltd. (TSE:6501) on May 10, 2023. Financials for the year ended March 2023 Total revenues ¥8.3 billion, Total Assets ¥11.5 billion, Net worth of ¥9.5 billion, operating income of ¥142 million and net income ¥126 million. The transaction is expected to close on October 2, 2023.
DAIHEN Corporation (TSE:6622) completed the acquisition of 70% stake in Tohoku Electric Manufacturing Co.,Ltd. from Tohoku Electric Power Company, Incorporated (TSE:9506) and Hitachi, Ltd. (TSE:6501) in October 2023.
DAIHEN Corporation is engaged in the manufacture, sale and repair of various transformers, welding machines, industrial robots, power supply for plasma generation, and clean transport robots. The Company operates in three business segments. The Electrical Power Equipment segment manufactures, sells and repairs various transformers, power receiving and distribution facilities, switches, control communication equipment as well as dispersed power equipment. The Welding and Mechatronic segment provides electrical welding machines, plasma cutting machines, industrial robots, as well as wireless power supply system equipment. The Semiconductor-related Equipment segment offers power supply for plasma generation, clean transport robots and others. The other business is involved in the real estate leasing business.
DAIHEN Corporation completed the acquisition of 70% stake in Tohoku Electric Manufacturing Co.,Ltd. from Tohoku Electric Power Company, Incorporated and Hitachi, Ltd..
DAIHEN CORPORATION 
