Nippon Hume Completes Acquisition of Chubu Foundation Shares and Announces New Management Team

TOKYO, Aug 03 (Pulse News Wire) – Nippon Hume Corporation (5262.T) completed the acquisition of Chubu Foundation Co., Ltd.'s shares, making it a wholly-owned subsidiary effective August 03, 2026. Additionally, the company announced new management appointments within Chubu Foundation.

Chubu Foundation, established on December 26, 1981, operates primarily in pile driving, civil engineering works, concrete product sales, and comprehensive leasing services. As of March 2025, the company reported revenue of ¥491 million. Following the acquisition, Nippon Hume now holds 20,000 shares, representing 100% of voting rights. New management roles at Chubu Foundation include: - Earlyishi Takashi appointed as Chairman of the Board.

- Hayakawa Tsuyoshi named President and CEO. - Inoue Katsuhiko joins as Director. - Seida Masao becomes Auditor. This restructuring marks a significant step in integrating Chubu Foundation's operations into Nippon Hume’s broader strategic plans.