Sakai Co., Ltd. agreed to acquire an additional 5.7% stake in SAKAI Holdings CO.,LTD from Yumiko Hita and Takamasa Hita.
June 02, 2020
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Sakai Co., Ltd. agreed to acquire an additional 5.7% stake in SAKAI Holdings CO.,LTD (JASDAQ:9446) from Yumiko Hita and Takamasa Hita on June 3, 2020. Under the terms of the transaction, Sakai Co., Ltd. will acquire 0.6 million shares in SAKAI Holdings CO.,LTD.
SAKAI Holdings CO.,LTD is a Japan-based company primarily engaged in mobile communication equipment sales business and the renewable energy business. It operates through five business segments. Renewable Energy segment is engaged in electricity sales at a fixed unit price for 20 years to power companies. Mobile Communication Equipment Sales related segment is engaged in sales of mobile communication equipment provided by mobile communication carriers, and distribution of subscription contracts to general users. Insurance Agency segment sells medical insurance and other third sector insurance which are entrusted by insurance companies. Funeral segment provides general customer services for the implementation of funerals, as well as the disclaimer after the funeral. Real Estate Leasing and Management segment is engaged in leasing of real estate properties such as parking lots and the collection of usage fees from general consumers. It also sells solar power generation panels.
SAKAI HOLDINGS CO.,LTD 
