Sanko Techno Co., Ltd. acquired Seiko Sangyo Co., Ltd. from Kazuyuki Fukuda for ¥550 million.
August 20, 2019
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Sanko Techno Co., Ltd. (TSE:3435) agreed to acquire Seiko Sangyo Co., Ltd. from Kazuyuki Fukuda for ¥550 million on March 28, 2019. Sanko Techno Co., Ltd. will acquire 0.04 million shares. For the year ended December 31, 2018, Seiko Sangyo Co., Ltd. has net assets of ¥603 million, total assets of ¥1.5 billion, sale of ¥1.6 billion, operating profit of ¥74 million and ordinary income of ¥86 million. Date of resolution of the Board of Directors is March 28, 2019. Stock transfer execution date is April 10, 2019.
Sanko Techno Co., Ltd. (TSE:3435) completed the acquisition of Seiko Sangyo Co., Ltd. from Kazuyuki Fukuda on April 10, 2019.
SANKO TECHNO CO., LTD. is a Japan-based company principally engaged in fastening business and functional materials business. The Company operates in two business segments. Fastening segment is mainly involved in the manufacture and sale of post-installed anchor, drills and fasteners. The segment also conducts construction management related to construction of earthquake-resistant reinforcement business, maintenance and conservation business, as well as solar related business. Functional Materials segment is involved in the manufacture and sale of sheets made of fiber-reinforced plastics (FRP), electric hydraulic tools, measuring instruments, as well as electronic printed circuit boards for display boards and observation machines of vehicles, among others.
SANKO TECHNO CO., LTD. 
