Hikari Holdings Co.,Ltd. agreed to acquire Smart Brick Limited from Jiro Hido, Hatsue Hido, Setsuko Hido and others.
September 01, 2019
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Hikari Holdings Co.,Ltd. (TSE:1445) agreed to acquire Smart Brick Limited from Jiro Hido, Hatsue Hido, Setsuko Hido and others on September 2, 2019. Under the transaction, Hikari Holdings acquires 100 shares representing 100% stake in Smart Brick. Under the transaction, Jiro Hido, Hatsue Hido and Setsuko Hido will sale 40%, 40% and 13% stake respectively. Post transfer, Smart Brick Limited will become a consolidated subsidiary of Hikari Holdings Co.,Ltd. During the financial year ended March 2019, Smart Brick Limited reported total assets of ¥32.2 million, sales of ¥81.14 million, EBIT of ¥1.9 million and net profit of ¥0.3 million. The transaction has been resolved by the Board of Directors of Hikari Holdings Co.,Ltd. The transaction expected to be completed by September 12, 2019.
Hikari Holdings Co., Ltd. is a Japan-based company mainly engaged in the tile & stone processing and sales business, construction material wholesale business, as well as telecommunications construction project business. The tile and stone mainly includes floor tiles and wall tiles, which are used for interior decoration. Construction Material Wholesale business sells imported building materials, such as Brook & Stone (brick), tile, mosaic, and involves import agency and warehouse management business. Telecommunications Construction Project business includes facility construction contracting work, temporary staffing work, and field support work.
HIKARI HOLDINGS CO.,LTD. 
