Tamron Co.,Ltd. completed the acquisition of New Well Co., Ltd. from Hiroaki Arai and his six family members.
March 30, 2020
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Tamron Co.,Ltd. (TSE:7740) agreed to acquire New Well Co., Ltd. from Hiroaki Arai and his six family members for ¥14.5 billion on February 18, 2020. The consideration is funded from Tamron Co.,Ltd.'s cash on hand balance. For the year ended March 31, 2019, New Well Co., Ltd. reported total assets of ¥6.6 billion, net assets of ¥6.58 billion, net sales of ¥3 million, operating loss of ¥43 million and net income of ¥212 million. The transaction is subject to approval from the shareholders of Tamron Co.,Ltd. at the ordinary general shareholders meeting scheduled on March 26, 2020. Resolution for the transaction was passed at the Board of Directors meeting of Tamron. The influence of the transaction to the consolidated business performance of Tamron for the current fiscal term ending December 31, 2020 is anticipated to be negligible. The transaction is expected to close on March 31, 2020.
Tamron Co.,Ltd. (TSE:7740) completed the acquisition of New Well Co., Ltd. from Hiroaki Arai and his six family members on March 31, 2020. The transaction was approved by the shareholders of Tamron on March 26, 2020.
Tamron Co.,Ltd. is a Japan-based company mainly engaged in manufacture and sale of photography-related, lens-related and special equipment-related products. The Company operates through three business segments. The Photography business is engaged in the manufacture and sale of interchangeable lenses for single-lens reflex cameras and interchangeable lenses for mirrorless cameras. The Special Equipment business is engaged in the manufacture and sale of lenses for surveillance cameras, vehicles, factory automation (FA) and machine vision. The Lens business is engaged in the manufacture and sale of video camera lenses, digital camera lenses, drone lenses, and various optical device components.
TAMRON CO.,LTD. 
