Kyoei Security Service Co.,Ltd. [7058.T]
TOKYO, Jun 30 (Pulse News Wire) – Kyoei Security Service CO.,LTD. (7058.T) announced today that it has decided to acquire all shares of Sun Production Corporation, making it a subsidiary.
The acquisition aims to enhance the group's sustainability, profitability, and social value in security services while expanding into adjacent areas such as building maintenance management. Sun Production Corporation, established on October 28, 1971, operates in environmental development, maintenance, and security services across Fukushima Prefecture since 1971. With strong local ties and a robust track record, the company’s integration is expected to accelerate growth and development in the key strategic region of Fukushima. Key financial highlights of Sun Production Corporation for the fiscal years ending March 2024, 2025, and 2026 show total assets of ¥1.464 billion, ¥1.760 billion, and ¥1.745 billion respectively.
Operating profit was reported at ¥102 million, ¥123 million, and ¥121 million during the same periods. The acquisition involves transferring 10,000 ordinary shares of Sun Production Corporation, valued at approximately ¥1.533 billion, including advisory fees. Post-acquisition, Kyoei Security Service will hold 10,000 shares, representing a significant stake in the newly acquired subsidiary. Board approval for the transaction took place, with the share transfer scheduled to be completed on the same day.
The impact on consolidated earnings is currently being assessed, and any material developments will be disclosed promptly.
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