JK Holdings Co., Ltd. cancelled the acquisition of Hasegawa Kenzai Corporation from Yutaka Hasegawa and 9 others.
December 19, 2020
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JK Holdings Co., Ltd. (TSE:9896) entered into an agreement to acquire Hasegawa Kenzai Corporation from Yutaka Hasegawa and 9 others on December 20, 2019. Under the terms of the transaction, JK Holdings will acquire 28,231shares of Hasegawa Kenzai. As of January 2019, Hasegawa Kenzai reported net assets of ¥431 million, total assets of ¥779 million, sales of ¥937 million, operating profit of ¥10 million, ordinary profit of ¥20 million and net profit of ¥7 million. This transaction is expected to close on March 31, 2020.
JK Holdings Co., Ltd. (TSE:9896) cancelled the acquisition of Hasegawa Kenzai Corporation from Yutaka Hasegawa and 9 others on December 20, 2020.
JK Holdings Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of plywood, the processing and sale of wood, and the wholesale and retail of plywood, plywood secondary products, building materials and housing equipment. The Company has three business segments. The General Building Material Wholesale segment is mainly engaged in the wholesale of plywood, plywood secondary products, building materials and housing equipment. The Plywood Manufacturing and Wood Processing segment is mainly engaged in the manufacture and sale of structural plywood, long plywood, laminated wood and assembled processed products, and the processing and sale of wood. The General Building Material Retail segment is mainly engaged in the retail of plywood, plywood secondary products, building materials and housing equipment. The Company is also engaged in the franchise, real estate leasing, warehouse, transportation, construction and travel business, and the insurance agency business.
JK HOLDINGS CO., LTD. 
