TOKYO, Mar 26 (Pulse News Wire) – Hibino Corporation (2469.T) decided to acquire shares of Photon Co, a newly established subsidiary focusing on video equipment sales, at its board meeting held. The acquisition aims to expand the company's video equipment sales capabilities and deepen customer relationships in the broadcasting and media production sectors.
Photon Co was set up through an asset spin-off from Photon Corporation’s imaging systems division, which specializes in the sale and installation of professional-grade video equipment. Additionally, Hibino also agreed to take over Media Solutions, a wholly-owned subsidiary of Photon Corporation involved in audiovisual equipment sales. Both acquisitions are expected to enhance the group's total solution offerings and strengthen its position in the video equipment market. Key financial details show Photon Co had revenue of -¥1.491 billion and operating profit of -¥13 million for the fiscal year ending March 31, 2025.
Media Solutions reported net assets of ¥16, ¥17, and ¥18 million for the last three fiscal years ending March 31, 2023, 2024, and 2025, respectively. The share transfers are scheduled to be completed on July 1, 2026. The acquisitions are anticipated to contribute minimally to Hibino's consolidated earnings for the fiscal year ending March 31, 2026. Starting from the second quarter of the fiscal year ending March 31, 2027, both Photon Co and Media Solutions will be integrated into Hibino's consolidated financial statements.
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