NJS Co., Ltd. intends to acquire Japan X-Ray Inspection Co., Ltd from Tatsuhiro Tokunaga and others.
August 11, 2019
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NJS Co., Ltd. (TSE:2325) intends to acquire Japan X-Ray Inspection Co., Ltd from Tatsuhiro Tokunaga and others on August 9, 2019. NJS will acquire all shares of Japan X-Ray Inspection and convert Japan X-Ray Inspection into a wholly owned subsidiary. Tatsuhiro Tokunaga holds 8.1% stake in Japan X-Ray Inspection. Japan X-Ray Inspection reported sales of ¥202.4 million for 2019. NJS Co., Ltd. (TSE:2325) would be acquiring 0.0209 million shares of Japan X-Ray Inspection Co., Ltd. On October 23, 2019, the transaction is approved by Board of Directors of NJS Co., Ltd. The share transfer agreement and completion is expected in September 2019. The transaction is expected to be completed during October 2019. The impact of the purchase of the shares on the NJS Group's consolidated financial results for the fiscal year ending December 2019 is immaterial.
NJS Co.,Ltd. is a Japan-based company mainly engaged in the water and sewerage business, and the environment business. The Company has two regional segments. The Company is mainly engaged in the construction consulting business, the development and provision of consulting services and software through the life cycle of water and sewage infrastructures, the provision of research, design, construction management and operation consulting services, the provision of disaster prevention and mitigation measures, environmental planning and environmental assessments, the provision of support services for water and sewage operation business, the provision of residents services, financial accounting and facility management services, and public-private partnership services, management improvement support services, the water and sewage consulting business in overseas, as well as the leasing, sale and management of real estate. The Company operates within the domestic market and to overseas markets.
NJS CO., LTD. 
