Sinanen Holdings Co., Ltd. (TSE:8132) is looking for acquisitions. Masaki Yamazaki, President and Chief Executive Officer, said "In line with this positioning, the second medium-term management plan will be a period to develop the management foundation for the leap forward and breakthrough in the third medium-term management plan, and to improve capital efficiency, we will promote the selection of existing businesses and assets, nurture and implement new businesses through aggressive investments including M&A, and steadily contribute to the earnings of new businesses currently underway".
SINANEN HOLDINGS CO., LTD., is a Japan-based company mainly engaged in the energy wholesale and retail business, among others. It has three business segments. The Energy Wholesale and Retail segment (BtoB Business) is engaged in the sale of fuel such as liquefied petroleum (LP) gas, home energy peripheral business such as reform and gas appliance sales, home electric power sales business, supply of city gas, as well as security and delivery business of liquefied petroleum gas. Energy Solutions segment (BtoB Business) is engaged in the sales of various fuels such as petroleum products for large-scale customers, operation of gas stations, power supply development and corporate power sales business, sales of solar power generation systems and the provision of peripheral services, energy saving solutions business, housing equipment related business. Non-energy and Overseas segment includes antibacterial business, environment and recycling business, import and sale of bicycles and others.