KITZ Corporation
Completion of Subsidiary Acquisition of Vitesco Technologies Co., Ltd. | May 2026
Completed acquisition of all shares of Vitesco Technologies Co., Ltd., with a purchase price of approximately 9,368 million yen. The company is scheduled to become a consolidated subsidiary starting from the second quarter of the fiscal year ending December 2026.
Key Figures
- Number of shares acquired: 886,400 shares
- Purchase price of shares: 9,198 million yen
- Capital stock: 443 million yen
AI要約
Overview of the Subsidiary Acquisition
Announces the completion of the acquisition of all shares of Vitesco Technologies Co., Ltd., making it a subsidiary. The purchase amount is approximately 9,368 million yen, and the capital stock is 443 million yen. A new management team has also been appointed, with Kenji Kato as the President and Representative Director. As a result, the company is expected to become a consolidated subsidiary from the second quarter of the fiscal year ending December 2026, with ongoing assessment of the impact on future performance.
Outlook and Impact
The impact on consolidated performance for the fiscal year ending December 2026 is currently under review, but the acquisition is expected to lead to a restructuring of management and business expansion. Further updates will be provided as they become available. For shareholders and investors, the key points include business scale expansion and strengthened management.
Vitesco Technologies Co., Ltd.
Company overview · Stock price · Financial data · All IR
