Accordia Golf Co., Ltd. completed the acquisition of Kazusa Country Club from Nippon Sharyo Ltd..
December 02, 2012 at 11:00 pm EST
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Accordia Golf Co., Ltd. (TSE:2131) concluded a contract to acquire Kazusa Country Club from Nippon Sharyo Ltd. (TSE:7102) on November 9, 2012. Kazusa Country Club will be converted into a company Accordia Asset Holding 38 Co., Ltd. For fiscal year ending March 31, 2011 and March 31, 2012, Kazusa Country Club reported operating revenues of ¥526 million and ¥551 million respectively. The transfer of shares is expected to close by December 14, 2012. The transaction will have a minor impact on operating results of Accordia for the current fiscal year.
Accordia Golf Co., Ltd. (TSE:2131) completed the acquisition of Kazusa Country Club from Nippon Sharyo Ltd. (TSE:7102) on December 3, 2012.
NIPPON SHARYO,LTD. is a Japan-based company mainly provides railway vehicles, transportation equipment and steel structures, construction machinery, engineering, and other manufacturing, construction, sales and incidental services. The Company operates through four business segments. The Railway Vehicle segment manufactures and sells railway vehicles such as electric trains and railcars. The Transportation Equipment and Steel Structure segment manufactures and sells transportation equipment such as wagons, tank trucks and large land vehicles, and manufactures, installs and sells road bridges and railway bridges. The Construction Machinery segment manufactures and sells pile driving machines, portable diesel generators, emergency power generators and others. The Engineering segment manufactures and sells vehicle inspection equipment, farming plants, and paper-related equipment. The Company also manufactures and sells laser processing machines, railway goods, and rents real estate.
NIPPON SHARYO, LTD. 