Takamisawa Co., Ltd. cancelled the acquisition of 99.5% stake in Seibu Co., Ltd. from 4 existing shareholders.
November 28, 2017
Share
Takamisawa Co., Ltd. (JASDAQ:5283) agreed to acquire 99.5% stake in Seibu Co., Ltd. from 4 existing shareholders for ¥1.43 billion on November 29, 2016. Takamisawa Co. will acquire 199 shares of Seibu Co. as part of the transaction. Seibu Co., Ltd. had total assets of ¥2.15 billion, net assets of ¥1.41 billion, revenue of ¥1.67 billion and EBIT of ¥176 million for the year ended February 2016. The transaction has been resolved by the Board of Directors of Takamisawa Co. on November 29, 2016.
Takamisawa Co., Ltd. (JASDAQ:5283) completed the acquisition of 99.5% stake in Seibu Co., Ltd. from 4 existing shareholders on November 29, 2017.
TAKAMISAWA CO., LTD. is a manufacturing company. The Construction-related segment manufactures and sells concrete secondary products, ready-mixed concrete, gravel and sand, sells cement and other construction materials, operates civil engineering contract, construction work and cargo trucking businesses. The Electrical Materials segment sells electrical materials, industrial machinery and air conditioning systems. The Car Life-related segment is engaged in the sale of petroleum products, the sale, maintenance and rental of automobiles, the agency of non-life insurance. The Housing and Life-related segment is involved in the trade, brokerage and management of real estate, the treatment of general and industrial waste, the sale of fruits, vegetables and fertilizers, the manufacture and sale of processed foods, golf supplies, agricultural machinery, mineral water and confectionery, the operation of golf courses and cable network television station, the processing of cheese, and others.
TAKAMISAWA CO., LTD. 
