Musashi Co., Ltd. signed a contract to acquire New Business Supply Co., Ltd. from FujiFilm Business Supply Co., Ltd. for ¥2.1 billion.
June 05, 2017
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Musashi Co., Ltd. (JASDAQ:7521) signed a contract to acquire New Business Supply Co., Ltd. from FujiFilm Business Supply Co., Ltd. for ¥2.1 billion on June 6, 2017. Musashi will acquire 6,000 shares of New Business Supply. On completion, New Business Supply will become a subsidiary of Musashi and change its name to NBS Co., Ltd. The deal is expected to close on September 1, 2017.
MUSASHI CO., LTD. is primarily engaged in the sale of information, printing and industrial system equipment, financial general and election system equipment, and paper products. The Company operates in four business segments. The Information, Printing and Industrial System Equipment segment provides equipment, materials, information processing service and maintenance of electronic media and microfilm integrated systems, and equipment, materials and maintenance of printing systems, IPS systems, and industrial inspection. The Financial General and Election System Equipment segment provides equipment, related materials and maintenance of currency handling, election and security systems. The Paper and Paper Products segment provides paper for use in printing, publishing, information and business, paperboards for cartons, special paper and paper products. The Real Estate Rental and Leasing segment is engaged in real estate leasing, non-life insurance agency and human resources business.