Suminoe Textile Co., Ltd. acquired Preterior Textile Inc. from Kunihiko Sasaki.
January 26, 2022
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Suminoe Textile Co., Ltd. (TSE:3501) acquired Preterior Textile Inc. from Kunihiko Sasaki on January 27, 2022. As part of the transaction, Suminoe Textile will acquire 176 shares in Preterior Textile. For the Fiscal year ending September 2021, Preterior Textile reported Total assets of ¥783 million, Net worth of ¥182 million and sales of ¥2.1 billion. The transaction is resolved by the board of directors of Suminoe Textile and will have a minor impact on business results of Suminoe Textile for the fiscal year ending May 2022.
Suminoe Textile Co., Ltd. (TSE:3501) completed the acquisition of Preterior Textile Inc. from Kunihiko Sasaki on January 27, 2022.
Suminoe Textile Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of interior products, automobile interior materials and functional materials. The Company operates through three business segments. The Interior segment is engaged in the manufacture, sale and decoration of carpets, curtains, wallpaper, various flooring materials, among others. The Automobile and Vehicle Interior segment is engaged in the manufacture and sale of interior materials such as automobiles, buses, railway vehicles and aircraft. The Functional Material segment is engaged in the manufacture and sale of hot carpets and deodorant-related products. In addition, the Company is also engaged in test contracting business.
SUMINOE TEXTILE CO., LTD. 
