Furukawa Co.,Ltd.
(Progress of Disclosure) Notice of Completion of Acquisition of Partial Shares of Earth Technica Co., Ltd.
Furukawa Co., Ltd. has acquired 15,480 shares, equivalent to 60% of the outstanding shares of Earth Technica Co., Ltd., for 7,020 million yen, completing its consolidation as a subsidiary. The remaining 40% shares are scheduled to be acquired on April 1, 2027, for 4,680 million yen.
Key Figures
- Number of Shares Acquired: 15,480 shares (60.0%)
- Acquisition Price: 7,020 million yen
- Remaining Shares to be Acquired: 10,320 shares (40.0%), 4,680 million yen (Scheduled for April 1, 2027)
AI要約
Overview of M&A
Furukawa Co., Ltd. acquired 15,480 shares, representing 60% of the outstanding shares of Earth Technica Co., Ltd., for 7,020 million yen, completing its consolidation as a subsidiary. This acquisition initiates integration considerations of the crushing machine business within the industrial machinery segment, aiming to optimize sales, technical, production systems, and human resources to strengthen cost competitiveness and achieve sustainable growth through overseas business expansion. The remaining 40% of shares are scheduled to be acquired on April 1, 2027, for 4,680 million yen.
Future Outlook and Executive Structure
Any impact on the performance of Furukawa Co., Ltd. and Kawasaki Heavy Industries resulting from this share transfer will be promptly disclosed once relevant matters arise. Under the new executive structure of Earth Technica, multiple executive officers from Furukawa Co., Ltd. have been appointed to strengthen the management framework.
Furukawa Co., Ltd.
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