HLMK2 Co., Ltd acquired 94.92% stake in HALMEK Holdings Co., Ltd from Noritsu Koki Co., Ltd..
August 02, 2020
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HLMK2 Co., Ltd acquired 94.92% stake in HALMEK Holdings Co., Ltd from Noritsu Koki Co., Ltd. (TSE:7744) on August 3, 2020. Pre-acquisition, Noritsu Koki Co., Ltd. held approximately 0.024 millions shares and post acquisition Noritsu Koki Co., Ltd. held no shares in the HALMEK Holdings Co., Ltd. In a related transaction, Noritsu Koki Co., Ltd agreed to sell Dental Holdings Co., Ltd. The combined transfer price to be received by Noritsu for sale of all subsidiaries is ¥10.5 billion. HALMEK Holdings Co., Ltd reported revenue of ¥19,778 millions, total assets of ¥9,153 millions, operating income of ¥365 millions and net assets of ¥1,907 millions for the year March 31, 2020. As of August 3, 2020, Board of Directors of Noritsu Koki Co., Ltd. approved the transaction.
HLMK2 Co., Ltd completed the acquisition of a 94.92% stake in HALMEK Holdings Co., Ltd from Noritsu Koki Co., Ltd on August 3, 2020.
Noritsu Koki Co., Ltd. is a company principally engaged in the manufacturing business, healthcare business and other businesses. The Company operates in six business segments. The Manufacturing segment is engaged in the research, development and manufacture of pen nib parts and cosmetics materials, among others. The Healthcare segment is engaged in the research, development and sale of radiological business support services by remote diagnostic imaging in the healthcare area, the analysis of received data and the provision of survey data, among others. The Drug Discovery segment develops new products in biotechnology area. The Senior and Life segment conducts senior publishing and mail order sales business. The Agri-food segment conducts the production and sale of fresh vegetables in the agri-food field. The Others segment conducts new growth related survey and investment business.
NORITSU KOKI CO., LTD. 
