DAIKOKU DENKI CO.,LTD. [6430.T]
TOKYO, Apr 01 (Pulse News Wire) – Daikoku Denki CO.,LTD. (6430.T) announced today that it acquired 51 shares of Shunri Corporation, making it a subsidiary.
The acquisition was decided during a board meeting held on March 23, 2026, and finalized on April 01, 2026. Shunri specializes in selling waffle products and boasts strong growth through its focus on quality ingredients and innovative product development. By integrating Shunri's strengths with Daikoku Denki’s resources, the company expects to enhance brand value and expand revenue opportunities. The capital investment includes advisory fees totaling approximately ¥366 million.
Prior to the acquisition, Daikoku Denki did not own any shares of Shunri. Post-acquisition, Daikoku Denki holds 51 out of 100 total outstanding shares, representing a significant increase in voting rights from 0% to 51%. Regarding future outlook, Daikoku Denki stated that the impact on the current fiscal year's consolidated performance would be minor. Any necessary adjustments to earnings forecasts will be disclosed promptly.
🟡 Confidence: Standard AI-translated content.