ETS Holdings Co.,Ltd. signed a share transfer agreement to acquire Iwai Kogyosho Co., Ltd. from Tomohiro Yanagi.
September 23, 2021
Share
ETS Holdings Co.,Ltd. (JASDAQ:1789) signed a share transfer agreement to acquire Iwai Kogyosho Co., Ltd. from Tomohiro Yanagi on September 24, 2021. Iwai Kogyosho will become wholly owned subsidiary of ETS. At the end of December 2020, Iwai Kogyosho Co., Ltd. had net worth of ¥254 million, total assets of ¥826 million, sales of ¥338 million. operating loss of ¥7 million and net income of ¥8 million. Transaction is expected to close on September 30, 2021. As on September 24, 2021, ETS Holdings' board provided the resolution on September 24, 2021.
ETS Holdings Co., Ltd. engages in electrician business for transmission line construction, electrical facilities construction and information and communication construction, and the building management and cleaning business, condominium management, building facility maintenance and others. The electric work business involves in the power transmission works, including the measurement and design of aerial power line works, underground power line works, transformer station works and others, offers tools and equipment for power line construction works, engages in the extension line works, including the design and construction of electric, instrumentation, information and communications, and disasters and crime prevention facilities, as well as the mobile works such as the construction of information and communications facilities, among others. The Building Management and Cleaning segment provides building cleaning, manned and automatic security services, interior finish works design.
ETS HOLDINGS CO.,LTD. 
