Meito Sangyo Co., Ltd. agreed to acquire Oimoya, K.K. from Oimoya Seven LLC.
December 24, 2023
Share
Meito Sangyo Co., Ltd. (TSE:2207) agreed to acquire Oimoya, K.K. from Oimoya Seven LLC on December 25, 2023. As part of acquisition, 140 shares will be acquired. For period ended September 2023, Oimoya, K.K. reported net worth of ¥741 million, total assets of ¥1 billion, sales of ¥2.1 billion, operating income of ¥186 million and net income of ¥134 million.
The transaction is expected to complete on January 22, 2024.
Meito Sangyo Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of food and chemical products, as well as the real estate business. The Company operates through three business segments. The Food segment manufactures and sells chocolate, powdered beverages, baumkuchen, jelly, ice cream, candy, cakes, nutritional foods, and others. The Chemicals segment includes rennet (coagulant for cheese), lipase (lipolytic enzyme), dextran (plasma expander, blood flow improver and others), fragrance (food additive), dextran sulfate (hyperlipidemia) Dextran magnetite (MRI contrast agent, medical equipment materials and others), mixed feed, dextran iron (animal drug), among others. The Real Estate segment in involved in the management of golf courses and the leasing of real estate.
MEITO SANGYO CO., LTD. 
