Taihei Dengyo Kaisha, Ltd. acquired Nihon Kikai Seisakusho, K.K. from Atsunori Jimi and 29 other individuals.
March 29, 2018
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Taihei Dengyo Kaisha, Ltd. (TSE:1968) signed a contract to acquire Nihon Kikai Seisakusho, K.K. from Atsunori Jimi and 29 other individuals on March 20, 2018. Taihei Dengyo Kaisha acquired 0.6 million shares in Nihon Kikai Seisakusho, K.K. and will hold 100% stake in Nihon Kikai Seisakusho after the transaction. Atsunori Jimi held 12% stake in Nihon Kikai Seisakusho, K.K. before the transaction. Upon completion, Nihon Kikai Seisakusho, K.K. has become a subsidiary of Taihei Dengyo Kaisha. Nihon Kikai Seisakusho, K.K. reported total assets of ¥2.7 billion and net assets of ¥1.5 billion as of March 31, 2017 and revenues of ¥1.8 billion operating profit of ¥212 million and net profit of ¥128 million for the year ended March 31, 2017.
Taihei Dengyo Kaisha, Ltd. (TSE:1968) completed the acquisition of Nihon Kikai Seisakusho, K.K. from Atsunori Jimi and 29 other individuals on March 30, 2018.
TAIHEI DENGYO KAISHA, LTD. is a Japan-based company principally engaged in the construction work business. The Company operates in two business divisions. The Construction division is engaged in the installation and modification of thermal, nuclear power-generation equipment, iron manufacturing-related equipment, environment conservation equipment and equipment in chemicals plants, the provision of accompanying works, such as electrical instrumentation, thermal insulation and painting works, as well as the reactor decommissioning services and others. The Repair Work division is engaged in the repair, maintenance and inspection of plant equipment, as well as the sale of the components and equipment.
TAIHEI DENGYO KAISHA, LTD. 
