TOKYO, May 15 (Pulse News Wire) – CANOX Corporation (8076.T) announced today that its board of directors, held on April 28, 2026, resolved to acquire all outstanding shares of Kokawa Shoko Co., Ltd., making it a fully-owned subsidiary. Kokawa Shoko, based in Sendai City, Miyagi Prefecture, specializes in metal materials wholesale and processing.
By acquiring Kokawa Shoko, CANOX aims to strengthen its steel supply chain across the Tohoku region. The acquisition will enhance CANOX's sales network and consolidate operations in the area, contributing to regional development through integrated service offerings. Details of the transaction include: - Number of acquired shares: 24,000 - Acquisition price: Not disclosed due to confidentiality agreements but determined through independent valuation and mutual agreement.
- Post-acquisition shareholding: 24,000 voting rights, representing 100.00% of total shares. The transaction is scheduled to be finalized on July 1, 2026. CANOX expects the impact on its performance to be minor and will promptly disclose any significant changes in future forecasts.
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