Nihon Denkei Co. Ltd. agreed to acquire Alae Engineering Co.,Ltd. from Kimihiko Morisaki, Hiroyasu Takagi, Taku Ota and three other shareholders for ¥99.9 million.
April 14, 2016
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Nihon Denkei Co. Ltd. (JASDAQ:9908) agreed to acquire Alae Engineering Co.,Ltd. from Kimihiko Morisaki, Hiroyasu Takagi, Taku Ota and three other shareholders for ¥99.9 million on April 15, 2016. Nihon Denkei Co.
Ltd. will acquire 0.74 million shares of Alae Engineering Co.,Ltd. Kimihiko Morisaki will sell 70% stake, Hiroyasu Takagi and Taku Ota will sell 10% stake each. After the transaction, Alae Engineering Co., Ltd. will operate as a subsidiary of Nihon Denkei Co., Ltd. Alae Engineering Co.,Ltd. reported total assets of ¥1.12 billion, net assets of ¥421 million, sales of ¥630 million, operating profit of ¥3 million, current profit of ¥2 million and net income attributed to the parent company shareholder of ¥2 million during the year ending September 2015. The transaction is expected to close on April 21, 2016.
NIHON DENKEI CO.,LTD. is a Japan-based company mainly engaged in the sale, repair and calibration of electronic measuring instruments. The Company operates in three regional segments including Japan, China and Others. The Company is mainly engaged in the sale and manufacture of electronic measuring instruments, various system equipment, electronic components, as well as leasing and rental business. The business items include electronic measuring instruments, measuring instruments for communication, computers and peripherals, automatic and labor-saving equipment, measuring instruments for physics and chemistry, industrial application equipment, measuring instruments for production processes, environmental testing instruments, optical measuring instruments, and educational experiments, electronic parts, mechanical parts, measuring instrument leasing and rental services, curio dealers, building construction, jumping and construction business.
Nihon Denkei Co. Ltd. agreed to acquire Alae Engineering Co.,Ltd. from Kimihiko Morisaki, Hiroyasu Takagi, Taku Ota and three other shareholders for ¥99.9 million.
NIHON DENKEI CO.,LTD. 
