Imasen Electric Industrial Co., Ltd. acquired remaining shares of Toyo Koku Denshi Co.,Ltd.
March 10, 2014 at 12:00 am EDT
Share
Imasen Electric Industrial Co., Ltd. (TSE:7266) acquired remaining shares of Toyo Koku Denshi Co.,Ltd. on March 10, 2014. Imasen Electric Industrial Co., Ltd. will operate Toyo Koku Denshi Co.,Ltd. as its wholly owned subsidiary. As a result Imasen Electric expects a generation of ¥500 million in extraordinary profit in the consolidated statements for the period ending March 2014.
Imasen Electric Industrial Co., Ltd. (TSE:7266) completed the acquisition of remaining shares of Toyo Koku Denshi Co.,Ltd. on March 10, 2014.
Imasen Electric Industrial Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of mechanical products and electric products for automobiles, wire harnesses and assistive products. The Company operates through three business segments. The Auto Part Related segment is mainly engaged in the manufacture and sale of seat adjusters, window regulators and other automobile mechanical products, as well as lamps, electronic units, horns and other automobile electric products. The Wire Harness segment is mainly engaged in the manufacture and sale of wire harnesses for aircrafts and equipment. The Assistive Product segment is mainly engaged in the manufacture and sale of electric wheelchairs, artificial hands, artificial legs and non-powered walking support equipment. The Company is also engaged in the provision of welfare services for employees.
IMASEN ELECTRIC INDUSTRIAL CO., LTD. 
