Yuji Suzuki acquired 25% stake in Heiko Pack K.K. from Shimojima Co., Ltd..
December 20, 2020
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Yuji Suzuki signed a share transfer agreement to acquire 25% stake in Heiko Pack K.K. from Shimojima Co., Ltd. (TSE:7482) on December 21, 2020. As per terms, Yuji Suzuki acquires 0.015 million shares equivalent to 25% stake from Heiko Pack K.K. Before transaction, Heiko Pack K.K. was held up to 49.2% by Takeo Suzuki, 25% by Shimojima Co., Ltd., 8.3% by Yuji Suzuki, 5.8% by Ayako Suzuki. Post completion of transaction, Shimojima Co., Ltd. will not hold any stake in Heiko Pack K.K. For the year ending, March 31, 2020, net asset, total asset, revenue, operating profit and net profit of Heiko Pack K.K. was ¥190 million, approximately ¥1.2 billion, approximately ¥2.3 billion, ¥3 million and ¥22 million respectively.
Yuji Suzuki completed the acquisition of 25% stake in Heiko Pack K.K. from Shimojima Co., Ltd. (TSE:7482) on December 21, 2020.
Shimojima Co Ltd is a Japan-based company principally engaged in the purchase and sale of packing materials such as paper bags, wrapping paper/cartons, plastic bags, adhesive tapes, strings/ribbons, and store supplies. The Company operates through three segments. The Paper Products segment is engaged in the sale of original brand products including paper bags, wrapping paper and paper containers. The Chemical Products and Packaging Materials segment is engaged in the sale of chemical products such as polyethylene bags and polypropylene (PP) bags, as well as adhesive tapes, food packaging materials and string ribbons. The Store Supplies segment is engaged in the sale of horticultural-related materials, and apparel-related materials including office supplies, store supplies, daily necessities, foodstuffs, as well as hangers that are handled by subsidiaries. The Company is also engaged in logistics business.
SHIMOJIMA CO., LTD. 