Ocean System Corporation (JASDAQ:3096) concluded a share transfer contract to acquire Kawasaki Co., Ltd. from Isamu Kawasaki and Tomiko Kawasaki on September 12, 2017. Under the terms of transaction, Ocean System Corporation will acquire 0.06 million Kawasaki Co., Ltd. shares. For the year ended January 31, 2017, Kawasaki Co., Ltd. reported net assets of ¥576 million, total assets of ¥887 million, sales of ¥ 3.7 billion, operating income of ¥121 million and net income of ¥79 million. The transaction is expected to be completed by October 2, 2017.
Ocean System Corporation (JASDAQ:3096) cancelled the acquisition of Kawasaki Co., Ltd. from Isamu Kawasaki and Tomiko Kawasaki on September 12, 2018.