Takamiya Co., Ltd. (TSE:2445) intent to acquire 83.5% stake in Yame Kaisei Co., Ltd on April 22, 2022. Takamiya Co., Ltd entered into a share transfer agreement to acquire 83.5% stake in Yame Kaisei Co., Ltd on May 16, 2022.Under terms of transaction, Takamiya Co agree to acquire 0.04 million shares of Yame Kaisei. For Year ended March 31, 2022, Yame Kaisei had total assets, net assets, sales and profit was approximately ¥790 million, ¥170 million, ¥880 million and, ¥,110 million respectively. The board of Takamiya Co., Ltd already passed resolution on April 22, 2022 and the Date of execution of share transfer is May 19, 2022.
Takamiya Co., Ltd., formerly SRG TAKAMIYA CO., LTD., is a Japan-based company principally engaged in the development, production, sales and rental of temporary machinery and materials for construction use. The temporary materials of the Company include exterior scaffoldings, false work materials, hanging scaffoldings, forming materials, safety and curing materials, as well as temporary roof materials, among others. The Company operates in three segments. The Sales segment is engaged in the manufacture and sales of machinery and materials for construction use. The Rental segment is engaged in the rental of machinery and materials for construction use. The Overseas segment is engaged in the sale and rental of temporary machinery and materials for construction use overseas.
TAKAMIYA CO., LTD. 
