Noritsu Koki Co., Ltd.
Notice Regarding Acquisition of Shares of Senkushia Co., Ltd. (Subsidiarization) Supplementary Release Materials
Noritsu Koki acquires shares of Senkushia Co., Ltd., making it a subsidiary. The acquisition price is 69 billion yen; sales are 35.4 billion yen; adjusted EBITDA is 9.2 billion yen; enterprise value is estimated at approximately 80 billion yen.
Key Figures
- Net Sales: 35,413 million yen (FY ending March 2025 Consolidated)
- Adjusted EBITDA: 9.2 billion yen
- Enterprise Value: Approx. 80 billion yen
- Share Acquisition Price: 69 billion yen (planned)
- Net Debt / Business EBITDA Multiple: 0.1 (post-acquisition)
AI要約
Overview of Senkushia Co., Ltd.
Senkushia Co., Ltd. is a leading domestic building materials and equipment manufacturer supporting “Safety, Security, and Comfort” through proprietary technologies and product development in the architectural and information infrastructure fields. Established in February 2022, headquartered in Minato-ku, Tokyo, with capital of 500 million yen and 353 employees (as of end March 2025). Its main business includes manufacturing and sales of building materials and equipment as well as related construction work, with sales of 35,413 million yen (FY ending March 2025 consolidated). The company operates a business model providing an integrated offering from sales to installation leveraging its proprietary technologies.
Background of Share Acquisition and Financial Condition
Noritsu Koki will acquire shares of Senkushia and make it a subsidiary. The acquisition price is planned at 69 billion yen, with enterprise value estimated at approximately 80 billion yen. Senkushia boasts high profitability with sales of 35.4 billion yen, adjusted EBITDA of 9.2 billion yen, and EBITDA margin of 26%. Post-acquisition, the Net Debt / Business EBITDA multiple is 0.1, indicating robust financial health well within the mid-term plan target of below 3.0. Funding for the acquisition is planned through new bank borrowing of 50 billion yen.
