Aspirant Group, Inc. completed the acquisition of 85% stake in Daiwabo Co., Ltd. from Daiwabo Holdings Co., Ltd. for ¥9.18 billion.
March 26, 2024
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Aspirant Group, Inc. agreed to acquire 85% stake in Daiwabo Co., Ltd. from Daiwabo Holdings Co., Ltd. (TSE:3107) for ¥9.54 billion on November 22, 2023. As of March 31, 2023, Daiwabo Co., Ltd. generated net assets of ¥32.5 billion, total assets of ¥63.19 billion, sales of ¥62.78 billion, operating income of ¥1.39 billion and net income of ¥633 million. The transaction is expected to complete on January 18, 2024. As on January 17, 2024, the transaction is expected to complete during February 2024 - March 2024.
Aspirant Group, Inc. completed the acquisition of 85% stake in Daiwabo Co., Ltd. from Daiwabo Holdings Co., Ltd. (TSE:3107) for ¥9.18 billion on March 27, 2024.
Daiwabo Holdings Co.,Ltd. is a Japan-based company mainly engaged in manufacture, processing and sale of textile products, sale of information equipment, manufacture and sale of machine tools. It has four business segments. Information Technology Infrastructure Distribution business sells computer and peripheral equipment, provides one-stop services of logistics and technical services, provides solution business of system development, network construction. Textiles business is engaged in manufacture, processing and sale of synthetic cotton, non-woven products, industrial materials products, textiles, knits, secondary products. Industrial Machinery business manufactures and sells machine tools, automatic machines. It is also engaged in hotel business, real estate leasing and management, provision of general affairs, personnel and financial services, development and operation of information processing systems, civil engineering and construction, insurance agency and finance business.
DAIWABO HOLDINGS CO., LTD. 
