TOKYO, Jul 01 (Pulse News Wire) – NAKANO CORPORATION (1827.T) announced that its subsidiary, TRI-NET HOLDINGS Co., Ltd., acquired shares of Shinko Construction Co., Ltd. on July 01, 2026, making it a wholly-owned subsidiary.
This acquisition aligns with NAKANO CORPORATION's mid-term plan "Midterm Plan 86," which prioritizes expanding civil engineering operations through mergers and acquisitions. TRI-NET HOLDINGS, established in 1949, operates primarily in civil engineering, real estate, and renovation services across Nagano Prefecture. By acquiring Shinko Construction, the group expects to mitigate labor shortages, reduce procurement costs, enhance competitiveness, and expand its operational area. Shinko Construction, headquartered in Nagano, Azumino Shi Toyoshina, was founded on August 12, 1968, with capital of ¥40 million.
Its main activities include civil engineering and construction work. Prior to the acquisition, TRI-NET HOLDINGS held 0 shares of Shinko Construction. Post-acquisition, TRI-NET HOLDINGS now owns 40,000 shares, representing a voting rights stake of 100%. Details of the purchase price remain undisclosed due to ongoing negotiations but were determined based on fair valuation methods advised by experts.
NAKANO CORPORATION will promptly disclose any significant impacts on consolidated performance resulting from this transaction.
🟢 Confidence: High AI-translated content.