Neturen Co., Ltd. signed a letter of intent to acquire 83.30% stake in Dohken Co.,Ltd from Mokusei Sangyo, K.K. and DIST Co., Ltd. and Norio Yasunaga for ¥1.8 billion
Neturen Co., Ltd. (TSE:5976) signed a letter of intent to acquire 83.30% stake in Dohken Co.,Ltd from Mokusei Sangyo, K.K. and DIST Co., Ltd. and Norio Yasunaga for ¥1.8 billion on April 4, 2025. A cash consideration of ¥1.77 billion will be paid by Neturen Co., Ltd. As part of consideration, ¥1.77 billion is paid towards common equity of Dohken Co.,Ltd. The transaction is planned to be carried out in two parts: the first share transfer will be the acquisition of 35,000 shares, and the second share transfer will be the acquisition of 15,000 shares, to make total 50,000 which is equivalent to 83.3% of voting rights of Dohken.
The expected completion of the transaction is July 15, 2025.
Neturen Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of prestressed concrete(PC) steel bars, steel wires and induction heating equipment. The Company is also enagegd in the leasing of office buildings and other related research and development business. It has two business segments. The Product-related segment manufactures and sells PC steel bar-related products for civil engineering and construction works, and high-strength spring steel wire-related products for automobile and two-wheel vehicle suspension springs. The Induction Heating (IH)-related segment offers induction heating apparatus, construction machine parts, and automobile components, including hollow rack bars and worm wheels. This segment is also involved in the heat treatment and processing businesses. The Company is also engaged in the leasing of office buildings and others.
Neturen Co., Ltd. signed a letter of intent to acquire 83.30% stake in Dohken Co.,Ltd from Mokusei Sangyo, K.K. and DIST Co., Ltd. and Norio Yasunaga for ¥1.8 billion
