Neturen to Boost Stake in Subsidiary Doken Amid Strategic Investment Needs

TOKYO, Aug 06 (Pulse News Wire) – Neturen CO.,LTD. (5976.T) announced on August 6 that it resolved to acquire additional shares of its subsidiary, Doken Corporation, during a board meeting held on the same day.

The move aims to strengthen the capital relationship between Neturen and Doken, enhance operational efficiency, and facilitate quicker decision-making processes. Doken Corporation, established in June 1974, specializes in high-quality precast concrete products and general construction design and implementation services. It operates out of Fukuoka, Iizuka Shi Chikuho Motokichi and currently holds a capital of ¥35 million.

Following the acquisition, Neturen's stake in Doken will increase significantly, reflecting the strategic importance placed on consolidating their partnership further. Details of the share purchase include: - Current holding: 5 0 shares (representing 83.3% voting rights) - Additional shares to be acquired: 59,000 shares (representing 15.0% voting rights) - Post-acquisition holdings: 9 0 shares (representing 98.3% voting rights) The agreement is scheduled to be finalized on August 19, 2026, with the share transfer expected to take place on the same day. According to Neturen, the impact on its fiscal year 2027 performance is anticipated to be minor.

The company will promptly disclose any significant developments related to this transaction moving forward.