Helios Techno Holding Co., Ltd. completed the acquisition of 64.78% stake in Kansai Giken Co., Ltd. from Masato Ishii, Shingo Ochi, Junichi Imai, employees and others.
May 31, 2013 at 12:00 am EDT
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Helios Techno Holding Co., Ltd. (TSE:6927) entered into share sale contract to acquire 64.78% stake in Kansai Giken Co., Ltd. from Masato Ishii, Shingo Ochi, Junichi Imai, employees and others for approximately ¥100 million in cash on May 10, 2013. Helios Techno Holding Co., Ltd. will acquire 377 shares of Kansai Giken Co., Ltd. and pay the consideration from funds on hand. In a related transaction, Helios Techno Holding Co., Ltd. will acquire the remaining 35.22% stake in Kansai Giken Co., Ltd. through a stock-for-stock exchange. Helios Techno Holding Co., Ltd. will operate Kansai Giken Co., Ltd as wholly owned subsidiary after the completion of both transactions. For the year ending December 2012, Kansai Giken had net assets of ¥191.91 million, total assets of ¥294.13 million, net sales of ¥228.87 million, operating income of ¥5.91 million, ordinary income of ¥10.81 million, and net income of ¥2.77 million. Board of Directors made a resolution in favor of the transaction on May 10, 2013. The transaction is expected to close on May 31, 2013.
Helios Techno Holding Co., Ltd. (TSE:6927) completed the acquisition of 64.78% stake in Kansai Giken Co., Ltd. from Masato Ishii, Shingo Ochi, Junichi Imai, employees and others in May, 2013.
Helios Techno Holding Co., Ltd. is a Japan-based company mainly engaged in the lamp business, manufacturing equipment business and human resources service business. The Company operates through three business segments. The Lamp segment is engaged in the manufacture and sale of projector lamps, halogen lamps for general lighting, as well as light emitting diode (LED) lamps. The Manufacturing Equipment segment is engaged in the manufacture and sale of alignment film printing equipment, special printing equipment, light source units for ultraviolet (UV) exposure equipment, as well as inspection and measurement equipment. The Human Resource Service segment is engaged in dispatching and contracting technical and general production workers.
HELIOS TECHNO HOLDING CO., LTD. 
