FUKUYA Construction Co.,Ltd. [284A.T]
TOKYO, Apr 28 (Pulse News Wire) – 284A.T (284A.T) announced today that its board of directors, held, approved the acquisition of Mizu Associates Co., Ltd., aiming to enhance synergies within its construction sector operations. Mizu Associates, headquartered at Gifu, Gifu Shi Imotou Ni Choume 5-2, specializes in residential and commercial building projects, renovations, and interior design services.
With a capital of ¥10.00 billion, the company was established on April 27, 2004. Its major shareholder, Mr. Masahiro Matsubara, holds 100.0% percent of the shares. Over the past three fiscal years ending March 2025, Mizu Associates reported total assets of ¥573 million, operating profit of ¥20 million, ordinary profit of ¥22 million, and net profit of ¥14 million.
As part of the transaction, 284A.T acquired 200 shares of Mizu Associates, increasing its shareholding ratio from ０% percent to 100% percent post-acquisition. The purchase price was determined through negotiations based on the fair value of the target company's net assets, assessed by an independent third-party agency. The agreement was finalized, but the exact date for the stock transfer remains undetermined. Funding for the acquisition will come from bank loans, with further details to be disclosed upon completion.
The impact on 284A.T’s performance will be evaluated, and any significant developments will be promptly communicated to stakeholders.
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