Nikki Co., Ltd. agreed to acquire Kanagawa Seiko Co., Ltd.
August 22, 2023
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Nikki Co., Ltd. (TSE:6042) agreed to acquire Kanagawa Seiko Co., Ltd. on August 23, 2023. Kanagawa Seiko Co., Ltd. reported financial for the fiscal year ended September 2022, Sale ¥540 million, net assets of ¥461 million, total assets of ¥550 million, operating income of ¥-14 million, net income of ¥8 million. Date of share transfer September 1, 2023 (planned).
NIKKI CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of equipment for automobiles, gas and multipurpose applications, as well as the real estate business. The Company operates in four business segments. The Gas Equipment segment is engaged in the manufacture and sale of electronic control units (ECU), injectors, injection systems, mixing equipment, vaporizers and regulators. The Multipurpose Equipment segment is engaged in the manufacture and sale of agricultural and industrial multipurpose carburetors, carburetors for marine vessels, and injection systems for two-wheeled vehicles. The Automobile Equipment segment is engaged in the manufacture and sale of throttle bodies, carburetors, accelerator wire units and actuators. The Real Estate Leasing segment is engaged in the leasing of real estate properties.