Nagano Keiki Co., Ltd. agreed to acquire Futaba Sokki Co., Ltd. from Hiroyuki Suzuki and Yuriko Suzuki for approximately ¥220 million.
June 22, 2017
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Nagano Keiki Co., Ltd. (TSE:7715) agreed to acquire Futaba Sokki Co., Ltd. from Hiroyuki Suzuki and Yuriko Suzuki for approximately ¥220 million on March 17, 2017. Under the terms of the transaction, Nagano Keiki will acquire 0.16 million shares. As of June 2016, Futaba Sokki reported net assets of ¥122.2 million, total assets of ¥155 million, sales of ¥87.6 million, operating profit of ¥1.5 million, and net profit of ¥0.75 million. The transaction was resolved by the board of directors of Nagano Keiki Co., Ltd. on March 17, 2017. The share transfer agreement was concluded on June 21, 2017. The transaction is expected to close on July 3, 2017.
NAGANO KEIKI CO.,LTD. is a Japan-based company mainly engaged in manufacturing and sales of pressure gauges, pressure sensors, measurement control equipment, die-cast products and other related products. The Company operates in four segments. The Pressure Gauges segment is engaged in the manufacturing and sales of pressure gauges, pressure switches, temperature gauges, etc. The Pressure Sensors segment is engaged in the manufacturing and sales of pressure sensors. The Measurement Control Equipment segment is engaged in the manufacturing and sales of air pressure equipment, air leak testers, pressure testers, flow and heat meters and other application development products etc. The Die-cast Products segment is engaged in the manufacturing and sales of die-cast products. Other business involves in the leasing of real estates, the manufacturing and sales of precision components and automotive electrical components.
NAGANO KEIKI CO., LTD. 
