Sato Shoji Corporation acquired Hanshin Special Steel Co., Ltd.
January 30, 2022
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Sato Shoji Corporation (TSE:8065) acquired Hanshin Special Steel Co., Ltd. on December 21, 2021. Following completion, Hanshin Special Steel Co. became a wholly owned subsidiary of Sato Shoji. The net assets, total assets and sales of Hanshin Special Steel Co. were ¥1,055 million, ¥1,548 million and ¥2,068 million, respectively, for the fiscal year ending March 2021. The acquisition of shares will have a minor impact on the Sato Shoji's consolidated financial results for the fiscal year ending March 2022.
Sato Shoji Corporation (TSE:8065) completed the acquisition of Hanshin Special Steel Co., Ltd. on December 21, 2021.
SATO SHO-JI CORPORATION is a company primarily engaged in the metal business. The Company operates in five business segments. The Steel and Iron segment sells common steel, such as surface-treated steel plates, cold-rolled steel, pickling steel, hot-rolled steel and steel bars, special steel, such as structural carbon steel, structural alloyed steel, and tool steel, as well as architectural materials and equipment, among others. The Non-Ferrous Metal segment sells aluminum, zinc, metal silicon and copper alloy, among others. The Electronic Materials segment sells electrical materials such as laminated sheets for printed circuit boards (PCBs) and others. The Life Operation segment sells tableware, such as Western-style tableware and others. The Machinery and Tools segment sells machine tools, factory line kits, cutting tools, grinding wheels and working tools, among others.
SATO SHOJI CORPORATION 
