DAIWA INDUSTRIES LTD. [6459.T]
TOKYO, Jun 23 (Pulse News Wire) – Daiwa Industries Ltd. (6459.T) announced today that it has entered into a share purchase agreement with Miura Electronics Co., Ltd.
To acquire all outstanding shares and make it a subsidiary effective June 23, 2026. Miura Electronics specializes in manufacturing and selling electrolysis water generation devices and related equipment, which aligns well with Daiwa's focus on kitchen appliances and food hygiene solutions. By acquiring Miura Electronics, Daiwa aims to secure stable supply of related devices and integrate development, production, and quality management processes. This move is expected to enhance long-term competitiveness and accelerate product innovation and growth for both companies.
Key details of Miura Electronics include a capital of ¥30 million and headquarters located in Nishikawa City, Akita Prefecture. The acquisition price is below 20% of Daiwa’s net assets as of its latest fiscal year-end, deemed immaterial to its financial condition. The transaction is scheduled to be finalized on July 01, 2026, and will commence consolidated financial reporting from the third quarter of the fiscal year ending December 2026. In recent years, Miura Electronics reported revenues of ¥166 million, ¥202 million, and ¥235 million for the fiscal years ended November 2023, 2024, and 2025 respectively.
Operating profit stood at -¥45 million, -¥26 million, and ¥14 million during the same periods.
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