Dengen Welding Technology Co., Ltd. completed the acquisition of Nas Toa Welding Technology Co., Ltd from Nippon Yakin Kogyo Co. Ltd..
March 31, 2014 at 12:00 am
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Dengen Welding Technology Co., Ltd. entered into share transfer contract to acquire Nas Toa Welding Technology Co., Ltd from Nippon Yakin Kogyo Co. Ltd. (TSE:5480) for ¥1.2 billion on March 7, 2014. Dengen Welding will acquire 4000 shares of Nas Toa Welding Technology. Nas Toa Welding Technology reported net assets of ¥620 million, total assets of ¥2.5 billion, sales of ¥2.9 billion, operating profit of ¥335 million and net income of ¥215 million for period ended March 31, 2013. The transaction was resolved by Board of Directors of Nippon Yakin Kogyo on March 7, 2014. The transaction is expected to be completed on March 24, 2014.
Dengen Welding Technology Co., Ltd. completed the acquisition of Nas Toa Welding Technology Co., Ltd from Nippon Yakin Kogyo Co. Ltd. (TSE:5480) in the year ended March 2014.
Nippon Yakin Kogyo Co., Ltd. is a company engaged in the production and sale of stainless steel plates and related processed products. The Company's main products include sheets and forged products made of stainless steel, heat-resistant steel and nickel-alloy steel, as well as stainless construction materials, stainless steel pipes and other processed products. The Company mainly provides its products in Japan, China and other markets.