TOKYO, Apr 01 (Pulse News Wire) – Genova,inc. (9341.T) announced today that its board of directors held on April 01 decided to acquire shares of Akasaka Dental Materials Co., Ltd., making it a subsidiary.
The move aims to integrate ASANO's extensive dental distribution network with Akasaka Dental Materials' specialized supply chain for dental technicians, creating a robust supply chain covering dental clinics and laboratories. Akasaka Dental Materials was established on May 19, 1980, and specializes in the sale of dental materials. It holds deep relationships with customers built over decades, positioning itself as an indispensable partner in regional dental healthcare. With this acquisition, Genova expects synergies across various businesses, enhancing operational efficiency and expanding its business foundation. Key details of the transaction include acquiring 9,000 shares valued at approximately ¥600 million plus advisory fees of ¥13 million.
Post-acquisition, Genova will own 9,000 shares, representing 100% of voting rights. The deal is scheduled to close on April 21, 2026. Akasaka Dental Materials will join Genova’s consolidated subsidiaries starting from the second quarter of the fiscal year ending March 2027. Financial highlights show Akasaka Dental Materials had total assets of ¥923.4 million, operating profit of ¥54.1 million, and net income of ¥38.1 million for the fiscal year ended April 20, 2023. Capital details indicate a capital stock of ¥9 million.
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