Source disclosure: February 26, 2026, 15:30 JST
NAKAMURA CHOUKOU CO.,LTD. [6166.T]
TOKYO, Feb 26 (Pulse News Wire) – Nakamura Choukou CO.,LTD. (6166.T) announced today that its board of directors approved the sale of its entire stake in subsidiary Japan Nozzle Co.
To Waterdo Co. The transaction, set to close on March 31, 2026, will result in Japan Nozzle exiting NAKAMURA CHOUKOU's consolidated financial statements beginning in fiscal 2027. A special shareholders' meeting is scheduled for March 30, 2026, to approve the deal due to regulatory requirements. Japan Nozzle, established on September 08, 1950, operates in the design, manufacturing, and sales of chemical fiber spinning nozzles and related parts.
As of the latest fiscal year, it had capital of ¥48 million and reported operating profit of ¥146 million. The divestiture is expected to contribute to NAKAMURA CHOUKOU’s financial health and fund investments in its materials science division while enhancing existing operations. Waterdo Co., founded on March 02, 1960, specializes in hydraulic pipe production for construction machinery and assembly of various construction equipment components. The acquisition aligns with strategic goals but does not involve significant pre-existing relationships between the two companies.
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