Nihon Parkerizing Co., Ltd. (TSE:4095) signed an agreement to acquire remaining 27.47% stake in Parker Processing Co.,Ltd. on February 7, 2024. Prior to the transaction, Nihon Parkerizing Co., Ltd. (TSE:4095) held 72.53%. For the period ended March 31, 2023 Parker Processing Co.,Ltd. reported net asset of ¥19,9 billion total asset of ¥23.6 billion revenue of ¥85.6 billion and operating profit of ¥29.9 billion.

The transaction is subject to approval from Nihon Parkerizing Co., Ltd. shareholders and is expected to complete on July 1, 2024.