TOKYO, Apr 16 (Pulse News Wire) – Nissou CO.,LTD. (1444.T) announced today that its board of directors decided to acquire all shares of First Kikken Co., Ltd.
, making it a subsidiary. This move aligns with Nissou's strategy to enhance service offerings in the real estate sector, particularly focusing on large-scale renovation projects. First Kikken specializes in major repair works for apartments and buildings across the Greater Tokyo area, boasting long-standing partnerships with leading developers. By integrating First Kikken’s expertise, Nissou expects to accelerate its transition towards a stable stock-based business model, achieve cross-selling opportunities, and leverage high-value markets through established developer channels. Additionally, combining technical resources will improve productivity and construction quality while addressing labor shortages in the industry. Founded in April 3, 1996, First Kikken had capital of ¥20 million.
Its recent performance shows total assets of ¥330.3 million, ¥351.2 million, and ¥347.4 million for fiscal years ending March 2023, 2024, and 2025 respectively. Operating profit was reported at --¥3.2 million, ¥75.5 million, and ¥16.9 million during the same periods. The acquisition involves purchasing 400 ordinary shares of First Kikken for an estimated amount of ¥31.6 million, including advisory fees. Following the transaction, Nissou will hold 400 shares with voting rights, representing 100.0% of the total outstanding shares. The share transfer is scheduled to take place in May 2026. This strategic move is expected to bolster Nissou's presence in the growing market for apartment longevity and regeneration services.
The company anticipates significant synergies and enhanced long-term value creation through improved revenue stability and operational efficiency.
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