Hazama Ando Corporation
Notice Regarding Acquisition of Shares of Singapore Construction Company “QXY Resources Pte. Ltd.”
On January 5, 2026, Ando Corporation acquired all 6,500,000 shares of Singapore construction company QXY Resources Pte. Ltd., aiming to strengthen its business foundation in Southeast Asia.
Key Figures
- Number of Shares Acquired: 6,500,000 shares (100% voting rights ownership)
- QXY Resources Net Sales: 54,125,270 SGD (Fiscal Year ending June 2024)
- QXY Resources Net Income: 6,480,884 SGD (Fiscal Year ending June 2024)
AI要約
Overview of the M&A
Ando Corporation acquired all 6,500,000 shares of Singapore construction company QXY Resources Pte. Ltd. on January 5, 2026, making it a wholly-owned subsidiary with 100% voting rights ownership. QXY Resources holds a strong competitive advantage in the renovation construction sector and is a trusted company engaged in various renovation projects including offices, commercial facilities, and educational institutions. This acquisition aligns with the "Medium-term Management Plan 2025" formulated in May 2023, aiming for long-term growth of overseas operations and strengthening the business foundation in Southeast Asia.
Future Outlook and Impact
The impact of this share acquisition on consolidated financial results for the fiscal year ending March 2026 is expected to be minor; however, any significant impact identified in the future will be promptly disclosed. Although the acquisition price is undisclosed per the counterparty’s request, it was calculated by a fair method. Ando Corporation will continue to strive to enhance the overall group’s revenue base and improve sustainable corporate value.
