Chori Co., Ltd. entered into a share transfer agreement to acquire Kozakura Shokai Co.,Ltd. from 2 individuals.
January 25, 2018
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Chori Co., Ltd. (TSE:8014) entered into a share transfer agreement to acquire Kozakura Shokai Co.,Ltd. from 2 individuals on January 26, 2018. Under the terms of the transaction, Chori Co., Ltd. will acquire 1500 shares of Kozakura Shokai Co.,Ltd. After the close of the transaction, Kozakura Shokai Co.,Ltd. will be converted into a subsidiary of Chori Co., Ltd. Kozakura Shokai Co.,Ltd. had total assets of ¥6.6 billion, net assets of ¥710 million, revenue of ¥18.5 billion, operating income of ¥322 million and net income of ¥252 million for the fiscal year ended June 30, 2017. The transaction has been resolved by the Board of Directors of Chori Co., Ltd. on January 26, 2018. The transaction is expected to complete on March 29, 2018.
CHORI CO., LTD. operates in three business segments. The Textile segment provides chemical fibers, natural fibers, cotton, original yarn, fabrics, silk, textiles and industrial materials. The Chemical Products segment offers organic and inorganic chemical products, precision chemicals, pharmaceutical materials, additives of food and feed, as well as natural mineral products. The Machinery segment provides vehicles and machines, as well as related materials. The others segment is involved in the office outsourcing business.
CHORI CO., LTD. 
