Asahi Av Japan Corporation closed the acquisition of Asahi Av Trading Co.,Ltd. from Asahi Yukizai Corporation and others.
December 30, 2018
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Asahi Av Japan Corporation concluded a basic agreement to acquire Asahi Av Trading Co.,Ltd. from Asahi Yukizai Corporation (TSE:4216) and others on September 13, 2017. Conclusion of the share transfer contract is scheduled for January 31, 2018. In a related transaction, Asahi Yukizai Corporation (TSE:4216) concluded a basic agreement to acquire additional 33% stake in Asahi Av Trading Co.,Ltd. on September 13, 2017. After the completion of the transaction, Asahi Av Trading Co.,Ltd. will be dissolved. During the financial year ended March 2017, Asahi Av Trading Co.,Ltd. reported net assets of ¥1.25 billion, total assets of ¥3.2 billion, operating profit of ¥55 million, revenue of ¥4.77 billion and net profit of ¥47 million. The transaction is subject to shareholders of Asahi Av Trading Co.,Ltd. and Asahi Av Japan Corporation scheduled on February 15, 2018. The transaction has been approved by the Board of Directors of Asahi Av Trading Co.,Ltd. The expected date of the transaction scheduled for April 3, 2018.
Asahi Av Japan Corporation closed the acquisition of Asahi Av Trading Co.,Ltd. from Asahi Yukizai Corporation (TSE:4216) and others in 2018.
ASAHI YUKIZAI CORPORATION is a Japan-based company mainly engaged in the development, manufacture and sale of industrial resin and plumbing equipment products. The Company operates its business through three business segments. The Pipe System segment is involved in the manufacture and sale of piping materials made of synthetic resin such as vinyl chloride, as well as the design and construction of piping works. The Resin segment manufactures and sells casting resins, resin coated sand for castings, resins for general industrial use, resins for foam materials, resins and derivatives for electronic materials, and resin molding materials. The Water Treatment & Resource Development segment is involved in the design, construction, maintenance and management of water treatment facilities, as well as the design and construction of drilling wells.
ASAHI YUKIZAI CORPORATION 
