TOKYO, Jun 17 (Pulse News Wire) – Muto Seiko Co. (7927.T) resolved at its board meeting held on June 17 to divest its wholly-owned subsidiary, Daiei Electronics Co., by transferring all shares to Takada IP.
Daiei Electronics, established in March 1969, operates in printed circuit board design, inspection, and sales. As of March 31, 2026, Daiei had total assets of ¥1.015 billion and net assets of ¥845.8 million. Over the past three fiscal years ending March 31, 2026, Daiei reported revenues of ¥332.6 million, operating profit of ¥63.5 million, ordinary profit of ¥63.2 million, and net profit of ¥31.3 million. Under the agreement, Muto Seiko will transfer 156,440 shares of Daiei Electronics to Takada IP for a consideration of ¥2.289 billion.
Following the transaction, Muto Seiko will hold zero shares of Daiei Electronics. The transfer is scheduled to take place on July 13, 2026. The move aligns with Muto Seiko's strategy to focus resources on its core plastic manufacturing business while fostering further growth opportunities for Daiei Electronics under new ownership. Details on the impact of this transaction on Muto Seiko’s fiscal year 2027 performance can be found in their revised forecast released concurrently.
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