Nakano Corporation
Notice from Nakanofudo Construction Co., Ltd.: Share Acquisition (Subsidiarization) of Shinko Construction by the Consolidated Subsidiary
In line with Medium-Term Management Plan 86, the TryNet Group acquires Shinko Construction's shares to make it a subsidiary. Aims to create synergies through in-house development of civil engineering and expansion of service area. Number of shares acquired: 40,000; ownership: 100%; acquisition source not disclosed. No disclosed impact on consolidated earnings at this time.
Key Figures
- Number of shares acquired: 40,000 shares
- Voting rights ownership ratio: 100%
- Shinko Construction's capital: 40 million yen
AI要約
Purpose and background of acquisition
In line with the Medium-Term Management Plan 'MTP 86', the company is exploring M&A to expand civil engineering operations. By acquiring and making Shinko Construction a subsidiary of the TryNet Group, it is expected to address labor shortages, reduce costs by internalizing asphalt pavement construction, and expand the service area. This will enable sharing of technologies and know-how within the group and aim for nationwide expansion.
Outlook and disclosure
If there are matters requiring disclosure regarding the impact on consolidated earnings after acquisition, they will be disclosed promptly; as of now, specific numerical impacts are unknown. The acquisition price will be withheld pending negotiations with the acquisition target. Shinko Construction is located in Azumino City, Nagano Prefecture, and its business is civil engineering and construction.
Nakanofudo Construction Co., Ltd.
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