Nittoc Construction Co., Ltd.
Notice of Acquisition of Shares of Chiken Tech Co., Ltd. (Making It a Wholly Owned Subsidiary)
As a strategic investment under the medium-term management plan, Nittoc Construction Co., Ltd. will acquire 200 shares of Chiken Tech Co., Ltd. and make it a wholly owned subsidiary. Through organizational restructuring, the company aims to strengthen its foundation and ground improvement business base, enhancing medium- to long-term profitability and corporate value. The acquisition date is scheduled for 2026-11-30. After the acquisition, the company will promote strengthening of construction systems and human resources, expansion of business areas, and reinforcement of safety, quality, and management.
Key Figures
- Number of shares acquired: 200 shares (Voting rights ownership ratio: 100%)
- Acquisition schedule: Share transfer execution date 2026-11-30 (scheduled)
- Reference consolidated earnings forecast (Fiscal year ending March 2027): Net sales 80,500 million yen, Operating income 5,500 million yen, Ordinary income 5,500 million yen, Net income attributable to owners of parent 3,700 million yen
AI要約
Overview of the M&A and Strategic Positioning
Nittoc Construction Co., Ltd. has decided to acquire shares of Chiken Tech Co., Ltd. and make it a wholly owned subsidiary as a strategic growth investment under the Medium-Term Management Plan 2026. By integrating Chiken Tech's strengths in housing and low-rise building sectors with Nittoc's technologies and construction capabilities in foundation and ground improvement, the company aims to expand its customer base, technical capabilities, human resources, and construction capacity to enhance medium- to long-term profitability and corporate value. Through organizational restructuring, Nittoc will leverage Chiken Tech's management team, personnel, and on-site know-how to expand both companies' business domains.
Outlook and Capital Allocation
This acquisition is positioned as part of growth investments and is expected to contribute to achieving the Long-Term Vision 2035. In line with the capital allocation policy of the Medium-Term Plan 2026, the company will appropriately balance future investments, capital expenditures, and shareholder returns, aiming to generate medium- to long-term cash flows while maintaining financial soundness after integration with Chiken Tech. The impact on consolidated results for the fiscal year ending March 2027 is currently being examined, and any additional disclosures will be made as necessary.
Nittoc Construction Co., Ltd.
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