Nippon Crucible Co., Ltd. cancelled the acquisition of remaining 30% stake in Nippon Morgan Crucible K.K. from Morganite Crucible Limited.
October 22, 2016
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Nippon Crucible Co., Ltd. (TSE:5355) agreed to acquire the remaining 30% stake in Nippon Morgan Crucible K.K. from Morganite Crucible Limited for ¥6 million on October 23, 2015. Nippon Crucible will acquire 120 shares of Nippon Morgan Crucible. After the transaction, Nippon Morgan Crucible will be made a wholly owned subsidiary and later will be dissolved through an absorption merger. Nippon Morgan Crucible reported net assets of ¥37 million, total assets of ¥142 million, sales of ¥212 million, operating loss of ¥11 million and net loss of ¥13 million for the year ended March 31, 2015. The merger is expected to close by December 1, 2015.
Nippon Crucible Co., Ltd. (TSE:5355) cancelled the acquisition of remaining 30% stake in Nippon Morgan Crucible K.K. from Morganite Crucible Limited on October 23, 2016.
Nippon Crucible Co., Ltd. is a Japan-based company primarily engaged in the refractory, engineering and real estate business. The Company operates in three business segments. The Refractories segment is engaged in the manufacture and sale of graphite crucibles, fixed refractories and irregular refractories, as well as the purchase and sale of casting materials. The Engineering segment is engaged in the design and construction of various industrial furnaces, as well as the sale of related equipment. The Real Estate segment is engaged in the leasing of buildings and parking lots, as well as the operation of solar power generation business.
NIPPON CRUCIBLE CO., LTD. 
